Investment Officer

World Bank , India

Skill Required:, Finance and Accounts
Preferred Experience: 
7 to 10 Year
Closing Date for Applications: 
24th October, 2019


Job Description

Description

Do you want to build a career that is truly worthwhile? The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. For more information, 

Private sector financial development is essential to the promotion of successful and sustainable economies in low and middle-income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth. IFC’s goal is to prioritize investment in the financial sector because it promotes development in all other sectors.   

The Financial Institution Group (FIG) is one of IFC’s key Departments responsible for a significant portion of IFC’s business volume, profitability and development reach, approximately 40%. FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered globally to IFC’s clients through IFC’s global network.  FIG has three main objectives: 1) financial inclusion 2) servicing the real economy and 3) mobilizing third-party resources.  

FIG’s South Asia team is based across the region with main hubs and offices in Mumbai, Dhaka, Columbo and Kathmandu. The team members work on both new business development and portfolio management across the region. With a diverse network of markets, the pipeline of new transactions ranges from investing fresh equity in banks to structured finance products which help develop local capital markets.  

The South Asia Division is looking to recruit a Portfolio Officer to join its Financial Institutions Group to be based in Mumbai India. The Portfolio Officer will support the Portfolio Manager and and lead the efforts in the supervision and management of FIG investments in the region.

Duties and Accountabilities :

  • The specific responsibilities of the position include, but are not limited to:
  • Providing support to the Portfolio Manager on compliance, administration, reporting and operational risk management Perform complex, credit risk rating assessments, covenant compliance reviews, and development impact assessment.
  • Collect and Analyze Information
  • Draw comparisons with other industry projects across the region to determine fit with current portfolio, and conduct quality control to ensure accuracy and adequacy of analytical work completed by junior staff.

Reporting :

  • Supervise and ensure quality of portfolio reporting information prepared by junior staff and providing further inputs in the assessment of more complex projects.
  • Prepare brief documents summarizing post mortem insights from portfolio reviews and reporting to identify improvement opportunities and best practices.
  • Support the preparation of monthly Portfolio Actions reports, Quarterly Portfolio Review reports etc. for departmental use, and prepare and provide materials for portfolio review meetings (debt/equity reviews) and quarterly Loss Reserves meetings.
  • Monitor the unit/Profit Center transactions and profitability (debt service, dividends, fees, equity sales proceeds, RAROC etc.), and support the Portfolio Manager in the collection, analysis and reporting of profitability indicators.

Stay Abreast of Context :

  • Monitor macroeconomic indicators of sector and country market conditions as well as social and political information that are relevant to assigned portfolio.
  • Monitor
  • Perform complex credit and risk assessments, financial projections, covenant compliance reviews (debt), and development impact assessment. Review the quality of portfolio review work performed by more junior staff.
  • Perform assessment of project development impact and articulate realization of AIMM story and market creation impact, if any, for moderately complex transactions.
  • Monitor the unit/Profit Center transactions and profitability (debt service, dividends, fees, equity sales proceeds, RAROC etc.), and support the Portfolio Manager in the collection, analysis and reporting of profitability indicators.

Manage Compliance :

  • Lead quarterly assessments of ratings, loan loss reserves, or valuations for country, region or sector portfolio, and conduct quality control over work performed by analysts and more junior investment officers.
  • Assist in the managing the equity investments of the unit.
  • Preparation and semiannual updates of IFC’s Equity Sales Plan for the unit and analyze equity risk/return performance of the profit center as needed.
  • Directorship Tracking and provide guidance on compliance with documentation procedures relating to nomination, appointment, indemnity and resignation of Directors, including maintaining IFC’s Directorship Database.
  • Track quarterly completion status of IRP and equity valuations in EPMS-VM.
  • Provide support to the investment team with ad-hoc report requests for both portfolio and new business purposes and act as a go to person for all matters relating to policies, procedures and systems.
  • Coordinate and monitor compliance of Investment Officers with the annual XPSR schedule, in accordance with the requirements of IEG.
  • Provide oversight to clients’ compliance with reporting requirements as per the investment agreements and ensure proper filing of legal documents, correspondence with clients and other documentation in a systematic manner.
  • Assist the team in analyzing trends and extracting lessons from the portfolio.
  • Track compliance with insurance and environment requirements for all portfolio clients in coordination with the IOs, including coordinating with the regional Insurance and E&S leads on actions that need to be taken to address deficiencies.
  • Coordinate Project Handover process from New Business to Portfolio or Special Operations.
  • Coordinate the compilation of the department’s data pertaining to IFC’s Monthly Client Surveys.
  • Perform assessment of project development impact and articulate realization of AIMM story and market creation impact, if any, for moderately complex transactions.
  • Lead quarterly assessments of ratings, loan loss reserves, or valuations for country, region, or sector portfolio. Conduct quality control over work performed by analysts and more junior investment officers.
  • Supervise and ensure quality of portfolio reporting information prepared by junior staff and provide further inputs in assessing more complex projects.
  • Engage in discussions with Investment Officers to gather insights for lessons learned on important topics and to identify additional areas where lessons learned could improve business development and transaction structuring.
  • Look at prior transactions and track record with specific clients to develop input to future business possibilities.
  • Negotiate moderately complex waivers, amendments, and rescheduling, and help prepare official restructuring memos for approval.

Selection Criteria

  • Master’s degree in finance, economics or other related areas; accreditation as a CFA or CPA is considered a plus.
  • At least 8-12 years’ experience with a proven track-record of sourcing, structuring and closing investments preferably both in equity and debt.
  • In-depth understanding of IFC Investment and Advisory, required standards for a deal to be bankable to IFC standards;and good understanding of WBG instruments/ products and where there are opportunities for cross organizational collobration and/ or potential COIs with IFC investments.
  • Broad understanding of industry drivers, latest trends and changes, and standard market transaction arrangements;
  • Ability to review the financial analytical work performed by team members for moderately complex transactions based on in depth analytical and financial modeling skills and experience to know what to look for in efficiently ensuring quality control and directing the appropriate analysis to understand risk factors in a project;
  • Ability to build advanced structuring expertise for moderately complex investment transaction based on experience with diverse -  IFC financial instruments, a range of clients in different countries, and projects with different complexity factors;
  • Astute and efficient mindset in determining what’s required to make best transaction decisions, incorporating lessons learnt from the processing of earlier transactions and portfolio management;
  • Good understanding of what internal stakeholders and approving officials look for in assessing risk, additionality and development impact as well as fit with IFC’s strategy;
  • Capacity to understand, enable, and participate in market creation opportunities for multiple countries by demonstrating long term perspective, opne-mindedness, persistence. Innovation and ability to leverage all available tools and good understanding of IFC/WBGrole/ value- add in new markets;
  • Ability to build long term engagement with clients and build credibility by demonstrating knowledge of their business/ culture, and maintain an ongoing dialogue on their business needs, operations and strategies, and opportunities for potential strategically aligned business deals;
  • Ability to participate and constructively contribute in meetings with mid level government officials on their constraints to private sector investment in their countries;
  • Excellent written and verbal communication skills, Ability to describe highly complex issues, approaches and lessons in a manner that is relevant and understandable to clients/ stakeholders;
  • Ability to comment effectively on documents, develop junior staff as writers, and lead the writing process of business specific documents;
  • Ability to clearly to articulate in a way that is understandable by clients/ stakeholders IFC’s requirements, value-add, financial and non-financial risks, development impact and how it is measured for sustainability;
  • Ability to supervise staff in business development, processing, portfolio management and/or specialty area by prviding technical guidance and delegating work to build and effectively use talents of staff, and balance workloads;
  • Ability to guide, advise,mentor, and coach junior staff and peers to develop and broaden their scope of skills, including providing on-the-job learning opportunities;
  • Excellent oral and written presentation skills in English are required;

Source:https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=4506&site=1


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