World Bank Group
Experience: 5 to 10 Years
Skill Required: Accounts and Finance
Apply By: 15-02-2023
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises.
IFC has embarked on an ambitious new growth strategy (IFC 3.0) to stimulate more investment activity across emerging markets, especially in Low-Income Countries (LICs) and Fragile and Conflict-affected States (FCS). This strategy aims to create new opportunities for private investments in riskier markets and sectors by proactively working “upstream” (early in the project-development cycle) to create, deepen, and expand markets and design and develop potential investment projects. It requires taking a systematic approach to understanding the regulatory and sector bottlenecks that prevent the flow of private capital into productive investment in our member countries and addressing these bottlenecks through World Bank Group engagement on policy reforms and programmatic interventions at the country and sector level. It also requires the capacity to work with clients to jointly imagine, design and develop projects even in the absence of reforms.
Achieving these growth and impact ambitions at scale requires a different approach to business development, deal sourcing, and client support that relies on 1) a broader product offering to engage earlier in the project cycle and secure opportunities; 2) a greater focus on preparing clients in nascent markets and sectors for investment; 3) a greater focus on value addition and risk management of portfolio investment clients to enhance their performance; and 4) a longer time horizon and a more patient, longer-term perspective.
IFC’s focus on infrastructure is on: (i) increasing access to essential infrastructure services; (ii) supporting local companies while improving transparency and corporate governance; (iii) exploring new equity and debt investment opportunities and catalyzing foreign direct investments, including co-investments and mobilizing syndicated and parallel loans; (iv) introducing and developing new financial products including through Public Private Partnerships; and (v) building long-term partnerships with strong global and regional players. IFC business cycle, includes client relationship management, upstream/pre-investment activities, business development, deal/transaction execution, and portfolio investment management.
The Brazil Infrastructure Unit is an open and dynamic team, that originates, structures, and commits financing to infrastructure projects across a number of sectors including energy, transportation, water and waste, telecom and technology, subnational infrastructure and natural resources. The upstream/pre-investment team intrinsically works with investment team generating leads on potential opportunities for IFC.
IFC is seeking two (2) Investment Officer to support our upstream/pre-investment work in the infrastructure sector (water and sanitation, transport, telecom, energy, and waste), primarily focusing on Brazil but also willing and driven to work across other countries in the Latin America and Caribbean (LAC) region. The new hires will be based in São Paulo, supporting the development and implementation of a pipeline of investment projects in Brazil, and may also support teams working in other countries in the region.
The Investment Officer will support the Upstream and Advisory Unit’s efforts to enable investment opportunities in LAC region by 1) incubating high impact projects that require early-stage development and pre-investment support together with private sector clients leading to an IFC investment , 2) getting potential clients ready for IFC investment through client preparation and development, and 3) doing business development to identify opportunities with private companies in the relevant infrastructure sector. The Investment Officer will work closely with other senior Upstream and Investment staff, all part of the same Infrastructure Unit, to generate and execute new opportunities across the infrastructure space. The position will be under the supervision of the Regional Industry Upstream and Advisory Manager.
Roles and Responsibilities: