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 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org.
Private sector development is essential to the promotion of successful and sustainable economies in low and middle-income countries around the world. Sound and efficient markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth.
IFC’s Creating Markets Advisory (CMA) team works to improve the enabling environment to support both IFC and private investments. Our global experience shows that challenges in the business environment mean that countries lose significant amounts of investment annually, and so our team works proactively contribute to creating effective and efficient market conditions for increased investment. We leverage relationships with the public sector, private sector and the World Bank Group in our client countries to identify, design and implement legal and regulatory reforms and strengthen capacity to address key bottlenecks to private sector engagement and investment. CMA currently operates across the East Asia and Pacific (EAP) region, with an active portfolio in Fiji, Indonesia, Lao PDR, Mongolia, Myanmar, Papua New Guinea, Philippines, Timor-Leste and Vietnam.
Economic growth in East Asia and the Pacific (EAP) has lifted millions out of poverty over the past decades. Yet income inequality remains a challenge. Supporting inclusive growth is one of IFC’s priorities in the region—where our long-term investments totaled $3.4 billion in fiscal year 2018, including $1.4 billion in funds mobilized from other investors. IFC aims to help Indonesia’s private sector attract investments, create jobs, and boost sustainable economic growth with the highest overall exposure in the financial markets, chemicals and power sectors. IFC’s Advisory Services portfolio comprises 18 advisory projects and $34.7 million in funds under management.
Role & Responsibilities:
In this role, the selected candidate will play a key role in contributing to CMA’s various offerings and tools, primarily in Indonesia as well as potentially in other countries in the region. He/she will work closely with the CMA Indonesia lead and the broader CMA team as they interface with IFC Upstream, Advisory and Investments staff in the region, as well as World Bank staff, to design and ensure implementation of reforms that address bottlenecks faced by investors in IFC’s priority sectors, using a variety of WBG tools and offerings. He/she will play a role supporting the execution of strategic initiatives to enhance the CMA practice across the EAP Region, contribute to new project design in line with the WBG/IFC country strategy, and deliver high quality Advisory engagements to the Government and private sector in client countries. He/she will work closely with key stakeholders, the broader CMA team in concert with the IFC Country Manager, in supporting the WBG/IFC country strategy and delivering high quality Advisory engagements.
The selected candidate will work on a day to day basis with the Senior Operations Officer, CMA based in Jakarta and will report to the Manager, Advisory Services EAP.
Duties and Accountabilities:
The selected candidate will be responsible for supporting a range of activities related to private sector and financial sector development Advisory Services in Indonesia. The candidate will support the respective TTLs in maintaining managerial and financial oversight, day-to-day delivery of advisory services to clients, monitoring impact targets and timelines, collaboration with the WBG financial sector program, financial and operational reporting to IFC and donors, and overall quality control of the Program. He/she will do this in close collaboration with the CMA Indonesia lead and the global product specialists.
• General Program Management including accountability for program objectives and targets:
a. Support the Pls and team members in project related research, analytical work as well as follow up on any project related activities as discussed with the PL
b. Develop detailed project plans for the program’s various components
c. Manage internal relationships for successful delivery of programs
d. Support the PLs in showcasing the program to stakeholders at multiple levels including with program donors, clients, government officials, etc.
• Communications and Reporting:
a. Manage the communications and reporting required by IFC and donor partners according to IFC standards and guidelines;
b. Track project performance indicators against the monitoring and evaluation plan, refocusing activities as required to meet project targets in coordination with other IFC stakeholders including the global product specialists
• Budget and Financial Management: manage and report on financial performance according to plan:
a. Ensure that project spending is in line with projected budget.
b. Develop budget projections to support financial planning.
• Knowledge Management:
a. Systematically consolidate and analyze lessons learned from project implementation experience and share with team members and colleagues across the region.
b. Ensure connectivity with the global team and other IFC/World Bank programs.
• Client and Stakeholder Management:
a. Develop and manage client relationship and ensure their continued buy in for project implementation.
b. Participate in client meetings to facilitate project implementation, understand client needs and monitor progress.
c. Engage with the relevant teams at the World Bank and IFC for reforms needed to unlock new markets and work collaboratively with Upstream teams.
• Design and Operationalize Solutions:
a. Improve the design and delivery of client solutions by incorporating global good practices and lessons from the past. Partner with results team in developing appropriate theories of change and results frameworks and indicators to strengthen the development impact and sustainability of client solutions and continuously learn from client projects/ engagements.
b. Ensure high quality of project supervision and completion documents and provide quality control over client deliverables. Moreover, support client in implementing recommendations and help trouble shoot as needed.
c. Provide cross support to select programs/solutions in other countries in the EAP Region and possibly other regions as needed.
• Create and Share Knowledge and Build Capacity:
a. Support peer to peer knowledge exchange sessions across the region
b. Identify and participate in conferences to showcase IFC offerings and value proposition, which includes serving as panelist/ moderator for internal and external events related to thematic area.
c. Help build a bench strength of experts and consultants in the thematic areas of leadership across the region.
• Staff Supervision:
a. Oversee/ supervise assigned consultants; and ensure quality control of work products and outputs.
b. Determine resources needed to support projects and ensure efficient/ effective use of resources and manage project budget to ensure efficient use of resources.
• Master’s degree in Business, Economics, Law and Finance or a closely related field, or professional certification (CPA, CFA).
• At least 6 years’ experience in private and/or financial sector development, with a focus on supporting reforms across a variety topics.
• Understanding of IFC and WBG products/ instruments and where there are opportunities for cross-organizational collaboration. Demonstrable experience working on IFC and WBG and good understanding of how to initiate collaborative efforts to leverage its products/ instruments will be an advantage.
• Excellent knowledge of Word, Excel, PowerPoint and aptitude to learn new systems is a must. Ability to use project management systems is a plus.
• Excellent written, verbal communication and presentation skills plus fluency in English is must. Fluency in Indonesian would be an added advantage.
|Closing date:||June 23, 2021|