Principal Investment Officer

The World Bank, New Delhi, India

Skill Required:, Finance and Accounts
Preferred Experience: 
Above 10 Years
Closing Date for Applications: 
31st May, 2019


Job Description

IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.

IFC has recently launched an ambitious evolution of its strategy to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict Affected States (FCS). This new strategy aims at supporting clients in riskier markets by proactively working in these countries to create, deepen, and expand the markets themselves. This strategy relies on a new approach that calls for closer WBG collaboration to maximize finance for development. We call this approach the “Cascade.” Working with clients, we will first seek private sector solutions to address development challenges—where such solutions are advisable and can be effective—and reserve public financing for projects only when other options are suboptimal.

IFC’s PPP & Corporate Finance Advisory Department is composed of two divisions:

  • the Public Private Partnership (PPP) Division; and
  • the Corporate Finance Services (CFS) Division.

The PPP Division advises governments in designing and bringing to market commercially robust PPP projects that provide high quality, affordable and efficient infrastructure and social services to the public. Drawing on more than 25 years of experience in implementing 360 projects in 102 countries, the Division currently has over 100 staff across the globe, with technical, financial, contractual and procurement expertise. The team is managing around 100 active client engagements to help national and municipal governments partner with the private sector to improve basic services such as electricity, health, education, sanitation, and roads. IFC’s PPP Division also draws on the World Bank’s expertise in institutional reforms, sector structuring, legal and regulatory frameworks, tariff structures and regulation, and international best practice to strengthen and complement IFC’s transaction-oriented approach.

The CFS Division provides transaction advisory services to private sector clients, focusing on Mergers and Acquisition (M&A) advisory solutions and providing ad hoc structuring advice. Through M&A advisory, CFS provides buy side and sell side services, helps clients creating opportunities and entering new markets or identifying and attracting new partners and investors. CFS focuses on cross-border transactions, mobilizes third party capital and brings clients into new markets. With this work, CFS contributes to de-risking IFC investments, building new clients’ relationships and generating a systematic deal flow.

The CTA Department is seeking a PPP Global Sector Lead for Intermittent Power: The Intermittent Power Sector Lead’s core responsibility will be to develop our intermittent power and renewables business globally. To do this s/he will work alongside C3P’s regional managers to supervise the Transaction Leaders and staff involved in business development, project implementation and portfolio supervision of this sector. S/he will also lead our Knowledge Management efforts, collaboration with Infra IS and within the WBG, and with the relevant IFC Upstream Units. The sector lead will report to the CTA's Global supervisor for sector teams. Duty Location is expected to be New Delhi or Nairobi;

Specific duties and responsibilities involve the following:

  • Business development and project origination: Work with regional managers and their teams to prepare a business development plan that is consistent with IFC’s country strategies and has been coordinated with IS and WB and includes priority countries and subsectors to target over a period of at least one fiscal year;
  • During project origination, provide technical support and oversight to teams, including as needed support in client meetings to get critical projects across the line. Oversee the quality of CNs and participate together with project teams in the Quality at Entry review meetings prior to signing of the mandate.
  • Project implementation and execution: Provide oversight and support to project teams during the project implementation phase, including overseeing the quality of structuring recommendations and preparation of the Transaction Structure Report (TSR), and participate together with project teams in the TSR review meetings.
  • Provide oversight of projects during the tender implementation phase up to selection of private investors and signing of commercial contracts, including on the quality of the tender process and documentation.
  • Portfolio supervision: Provide oversight and support to project teams in the preparation of:Twice-yearly Project Supervision Reports (PSRs) and participate as part of the project team in the Regional PSR review meetings; and
  • Project Completion Report (PCR) and Learning by Doing (LBD) note at the end of each project and participate as part of the project team in the PCR and LBD review meeting.
  • Knowledge management: Create and curate and update sector and market knowledge relevant to transaction advisory work and make it available to all CTA staff in the agreed categories in the relevant sector space;
  • Participate as a presenter panelist in 1-2 major global events/conferences in the sector; and
  • Build and strengthen relationships with relevant IS teams and WB global practices as well as key external parties
  • Corporate agenda: As the focal contact point for CTA in the sector participate in:
  • WBG-wide ad-hoc meetings; and working groups for the MFD, Upstream and Creating Markets initiatives.

Selection Criteria

  • Master’s degree in business administration.
  • At least 15 years professional experience, including 10 years transaction advisory, or other clearly relevant experience in structuring PPPs, concessions, BOTs, involving private provision of public services.
  • At least 5 years relevant experience in power sector.
  • Extensive and diverse experience working with senior level government officials to successfully identify private solutions to address government constraints in the Intermittent Renewable Energy sector and develop and bring to closure complex PPP transaction in the sector. Recognized as an expert and thought leader in PPPs in the sector across the WBG and with clients in multiple regions.
  • At the strategy and identification level has demonstrated the ability to formulate major components of IFC PPP strategy with a focus on creating new markets and help refine PPP business objectives, policies, practices, products and services in the sectors working closely with C3P Regional Managers, IFC Country Manager and relevant WB counterparts.
  • Demonstrated track record of having developed business in the Intermittent Renewable Power sector in multiple countries, including in IDA and FCS.
  • Demonstrated track record of implementing complex transactions in the sector as well as supervising and providing expert advise to project teams working on sell-side PPP projects on all aspects of project structuring, including review of legal and technical outputs, financial models, as well as working with other parts of IFC and WBG (e.g., environment and social, legal, credit, integrity, investment and advisory) to provide best solutions to clients in structuring transactions that achieve sustainable development impact.
  • Knowledge of the market and investors in the sectors and track record of designing, implementing and supervising successful marketing efforts and design of well-structured tender procedures and documentation to optimize value for clients.
  • Track record of nurturing senior level relationships internally (WGB, AS, Credit, Regional/Country Office staff) and externally (IMF, IFIs, industry groups) by establishing trust through transparency and open information sharing, credibility through expertise, and mutual benefit by understanding what would add value to counterparts in relationships. Able to leverage network to determine next big thing relevant to the sector and gain support.

Source:https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=3037&site=1


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