Senior Infrastructure Finance Specialist

World Bank, Washington DC, United States

Skill Required:, Finance and Accounts
Preferred Experience: 
7 to 10 Year
Closing Date for Applications: 
25th October, 2019


Job Description

Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2018, the WBG committed $67 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $24 billion was concessional finance to its poorest members. It is governed by 188-member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.

The WBG consists of five specialized institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). The World Bank is organized into six client-facing Regional Vice-Presidencies, several corporate functions and thirteen Global Practices to bring best-in-class knowledge and solutions to regional and country clients.

The Infrastructure Practice Group is charged with developing sustainable solutions to help close infrastructure gaps in developing and emerging economies. It comprises Energy and Extractives (EEX), Transport, Digital Development, and Infrastructure Finance, Public Private Partnerships and Guarantees (IPG). The World Bank’s active portfolio in Infrastructure consists of 400 operations, implemented by a workforce of over 700 staff in headquarters and 82 country offices. The core values guiding our work include our passion for sustainable poverty reduction, our willingness to put the needs of the client at the center of all our activities, and our honesty and integrity as a common currency

As part of the Infrastructure VPU, the Infrastructure Finance, PPPs and Guarantees Group (IPG Group) brings together the World Bank’s cross-sector infrastructure finance, PPP structuring, and analytics skills, as well as the Trust Funds and Financial Intermediaries that support those areas of development across the WBG. IPG helps WBG teams and client countries improve the quality and affordability of service delivery through sound infrastructure policies and investment programs; strong enabling environments; and bankable projects. We build our support around knowledge, tools, and experience that support informed choices on the role and value of the private sector in financing and delivering infrastructure, while deploying financial structures and instruments that sustainably manage, mitigate and reduce risk.

IPG Group provides, in collaboration with the World Bank Global Practices, IFC and MIGA, across the infrastructure investment cycle:

  • Upstream through advice on strategic prioritization and planning for infrastructure investment programs, support for policy and regulatory strengthening, and institutional capacity building;
  • Midstream through project identification, preparation and structuring, including analysis of the most appropriate contracting and financing modes; and
  • Downstream by structuring alternative options to public finance and by deploying financial instruments of the World Bank, including World Bank Guarantees to that end, while ensuring financial and technical sustainability of appropriate financial solutions.

IPG consists of two units: Financial Structuring & PPPs (FSP), which manages IPG’s country client-facing work across the infrastructure investment cycle; and Infrastructure Programs and Analytics (IPA), which brings together IPG’s infrastructure knowledge and analytics team with its donor-funded Global Programs and provides corporate leadership of the WBG’s efforts to Maximize Financing for Development (MFD).

The Sr. Infrastructure Finance Specialist within FSP plays an important role in advancing FSP’s and the IPG Group’s overall agenda, focusing primarily on the midstream and downstream activities, in coordination with TTLs leading the operations.

Duties and Accountabilities:

  • Provide practical and cutting-edge expertise related to infrastructure finance and policy, including on the development of legal, regulatory and institutional frameworks and financing structuring;
  • Lead and/or support teams on the preparation, structuring, negotiation, and closing of investment and policy operations designed to raise sustainable and affordable commercial financing;
  • Recommend and structure credit enhancement products (including WB guarantees) to enable provision of sustainable and affordable commercial financing solutions;
  • Lead and/or support teams on preparation and execution of MFD advisory work and technical assistance with focus on (i) prioritization and planning of infrastructure investment, (ii) strengthening policy and regulatory frameworks, (iii) enabling infrastructure PPPs and (iv) enhancing government institutional capacity;
  • Facilitate dialogue between CMUs and Government officials on private sector participation and commercial financing alternatives in infrastructure;
  • Coordinate and collaborate with other WBG units including IFC and MIGA with the objective of delivering the best mix of WBG products that meet the client’s needs; and
  • Disseminate World Bank Group (WBG) capabilities and products for risk mitigation at international fora and within WBG group.

Selection Criteria

  • Master’s degree in finance, economics, law, or equivalent area;
  • Minimum of eight years of relevant work experience in infrastructure finance and investment with private sector or market-oriented financial institutions.
  • Demonstrated project finance and financial structuring expertise with reference to a track record of transactions in support of long-term infrastructure investment in emerging markets;
  • Strong understanding of infrastructure policies, strategies and institutions, and how they are best designed to deliver services in a sustainable manner, and comprehensive knowledge of at least one sector;
  • Expertise in structuring loan financing involving different forms of credit enhancement;
  • Expertise in structuring and/or issuance of bonds, letters of credit, swaps and currency hedges would be an advantage;
  • Recognized by peers for providing high quality, pragmatic advice to internal and external clients on alternative forms of infrastructure delivery and credit enhancement products;
  • Track record of delivering global public goods in collaboration with MDBs and other external partners in the field of infrastructure finance and PPP related issues;
  • Client focus and commitment to results;
  • High level written and oral presentation skills; and
  • Fluency in English, both written and oral, is required; other languages are desirable.

Source:https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=4520&site=1


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