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 http://www.ifc.org
IFC has embarked on an ambitious new strategy to stimulate more investment activity by Creating Markets, including in Low Income Countries and Fragile and Conflict Situations. This new strategy requires a shift in our approach to proactively create, deepen and expand markets and projects rather than waiting for clients to propose projects for IFC to finance. 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. This strategy also relies on upstream work with Governments and the wider World Bank Group to enable private sector solutions and financing.
The Financial Institutions Group (FIG) is one of the major industry groups at IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered to IFC’s clients through IFC’s global network.
IFC’s priorities in FIG as an industry group are: (i) grow investment and advisory solutions in the region, and achieve strong profitability and impact (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans and parallel loans; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players and (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; (ix) be a thought leader and innovator of products and client solutions globally.
DARP ( Distressed Assets Recovery Program ), a unit within FIG, focuses on making investments in the distressed assets space, investing both in local operating partners and investment facilitates. DARP has a successful track record of transactions and IFC is looking to expand its investment activities in this line of business. The DARP unit is seeking an Investment Analyst to join the FIG Global DARP team, with the aim to scale up DARP’s business, as well as strengthen the management of the existing DARP portfolio. The position will be based in Washington, DC and report to the Chief Investment Officer, DARP.
Role & Responsibilities:
Specific responsibilities include, but are not limited to:
• Provide support to teams responsible for investments in distressed assets during the entire project cycle – origination, execution and supervision of investments.
• Conduct industry and market research, with a focus on distressed assets markets.
• Create, analyze and assess complex financial analysis and pricing/valuation models on distressed assets deals.
• Support the evaluation, structuring and negotiation of both straightforward and complex new transactions, including both corporate finance and project finance, entailing equity and debt transactions.
• Review company information and prepare reports on periodic financial statements and project progress reports and other information submitted by clients.
• Work closely with portfolio staff in IFC regional offices and other DARP team members to monitor the performance of the underlying assets acquired by DARP facilities to evaluate risk and recommend active portfolio management actions.
• Prepare documentation for IFC internal processes, including but not limited to credit ratings, investment valuations and compliance reports on IFC financial, environmental and social, insurance and legal requirements.
• Provide support to some corporate initiatives within DARP.
• Assist in other project or strategy related activities as the need may arise.
• Bachelor’s or equivalent degree with specialization in Economics and/or Finance.
• At least 2 years of experience in finance, banking or portfolio management, with a proven track record.
• Previous exposure to and understanding of distressed investing with demonstrated experience in distressed asset acquisition, management, and resolution is desirable.
• Strong financial analysis and modelling skills using Microsoft excel and ability to identify key issues.
• Sound numerical, analytical and conceptual skills encompassing finance and the associated areas of investment, risk management and corporate finance with a focus on distressed assets.
• Knowledge and experience in international economic development arena and commitment to sustainable development.
• Recognized as a team player; Capacity to deal with conflicting priorities and deliver high quality work on schedule; Facility to work successfully in multicultural teams and across boundaries.
• Strong client service orientation with an openness to feedback and new ideas.
• Excellent oral and written presentation skills in English are required.
• Willingness to travel.
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.
|Country:||-- United States|
|City, State:||Washington D.C.|
|Closing date:||September 17, 2021|