Description
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 2023, IFC committed a record US$43.7 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. For more information, visit http://www.ifc.org.
IFC has embarked on an
ambitious new growth strategy, the outcome of which will be to double our
volume of business by 2030 and triple the work we do in Low Income Countries
(LICs) and Fragile and Conflict affected States (FCS). To do so, IFC will need
to deploy its full range of financing, mobilization, advisory, convening and
thought leadership skills. This also calls for the need to generate our own
opportunities by proactively working “Upstream” to create, deepen, and expand
markets and opportunities for the private sector and to imagine, design and
implement investment projects. This strategy also relies on a closer WBG
collaboration through the “Cascade” approach: 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 (CTA) is composed of two
divisions: (i) the Public Private Partnership (PPP) Division; and (ii) 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. 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 seeks to provide three categories of services: (A) transaction
advisory services to private sector clients, focusing on Mergers and
Acquisition (M&A) Advisory solutions and Corporate Restructuring Advisory
solutions; (B) the Equity Mobilization Program (EMP), supporting IFC’s investment
teams to identify equity investors for IFC’s investment projects; and (C)
Strategic Pre-IPO Advisory to clients seeking to undertake a listing on international
stock markets.
Through its M&A advisory, CFS helps clients to attract new partners and
investors, and acquire new businesses or spin off businesses. Under its
Corporate Restructuring Advisory services, CFS supports clients in the design
and implementation of innovative corporate strategies that improve
profitability and maximize value.
The EMP services are deployed when Investment Services (IS) teams are
considering an IFC equity investment, and the transaction requires additional
third-party equity to complete the equity structure. In such cases, CFS works
together with the IS teams to identify and bring in such equity investors
(typically in a minority position) to finalize the transaction. CFS focuses on
cross-border transactions, mobilizing third party capital and bringing new and
existing clients into new markets. With this work, CFS contributes to
de-risking IFC investments, building new client relationships and generating a
systematic deal flow.
Under its Strategic Pre-IPO Business Advisory offering, CFS seeks to offer
pre-IPO advisory support by helping clients to prepare and position for a
successful process of listing on international stock markets. This
involves advising on the listing process, appropriateness, timing, regulations,
and relevant key issues; reviewing and advising on current corporate structure,
balance sheet structure, valuation, and business planning; preparing detailed
timetables for listing, broker selection, and prospectus review; preparing
management and the board for listing; and Corporate Governance Group advisory
services.
IFC is seeking an Associate
Investment Officer with experience to help execute our new CFS business strategy across
emerging markets. The position will be based in Sao Paulo, Brazil and will report to the
Global Manager, CFS. S/he will support coordination with IFC’s regional teams for
the purpose of new business development and execution of transactions.
DUTIES AND RESPONSIBILITIES:
• Supporting the execution of buy-side and sell-side advisory; restructuring advisory; and EMP services mandates across the emerging markets.
• Undertaking industry and market research to identify trends, risks and opportunities that will support advisory to clients, including on IPO listing process, appropriateness, timing, regulations, and relevant key issues.
• Reviewing corporate structure, balance sheet structure, business plan, IPO prospectus to support clients, including on IPO transactions.
• Creating valuation models, and supporting bankability assessment, evaluation of funding feasibility, review of business plans.
• Supporting the design of investment thesis and communication of investment value propositions to prospective investors.
• Drafting marketing documents for transactions (e.g., pitch, teaser etc.), information memoranda, due-diligence, and transaction structuring reports, and transaction contracts and agreements, etc.
• Supporting IFC’s “brand” in the CFS space, building on IFC’s regional brand and overall communications strategy.
• Supporting knowledge management by helping to disseminate CFS’s knowledge and experience in emerging markets to the CFS team globally.
Selection Criteria
• Commitment to development and alignment with the World Bank Group and IFC’s mission, strategy, and values.
• Transaction advisory experience in buy side mandates, sell side mandates, restructuring mandates.
• Experience in transactions that involves taking companies public on major international stock exchanges such as the New York stock exchange, London Stock exchange etc. is desirable.
• Experience in financial statement analysis, forecasting and multiple scenario creation and analysis, capital structure modeling, LBO and M&A modeling, etc., intrinsic valuation and Discounted Cash Flow analysis.
• Excellent team player and ability to work effectively with a dispersed team in a dynamic and multicultural environment.
• Strong attention to detail.
• Strong written and verbal communications skills.
• A Master’s degree or equivalent professional qualification in finance, business, law, consulting with at least 10 years relevant experience. A background which combines one or more of these areas of experience is also acceptable.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.