IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit http://www.ifc.org
IFC’s C3P department is focused on assisting governments to develop private sector participation (PSP) projects involving the management, financing and operation of infrastructure to private companies, through private-public partnerships (PPPs).
Financiera de Desarrollo Nacional (FDN) is a “Sociedad Anónima de Economía Mixta” established under the laws of the Republic of Colombia and an agency of the Government of the Republic of Colombia. One of FDN’s objectives is to support the structuring of infrastructure projects involving private sector participation and to create instruments to support the mobilization of financing into such projects.
On October 9, 2013, IFC and FDN signed an Administration Agreement to support the identification, structuring and implementation of PSP programs in Colombia, at the national and subnational levels. Both institutions contributed financial resources for staff and consultant’s funding for the execution of the Program. Since then, IFC and FDN have been jointly carrying out business development and project execution activities and are currently implementing a large PPP transaction in the education sector.
C3P is now seeking to recruit a Program Manager, to lead IFC’s team based in Bogota, Colombia and to coordinate the work with FDN in relation to the Program. The PM will be responsible for managing the Program under the framework of the Administration Agreement and lead the joint IFC-FDN business development and transaction execution work.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 2 year term appointment.Background / General description
DRMain duties and responsibilities will include, but are not limited to:
a) Program Management
• Serve as IFC’s main point of contact for the management of the IFC-FDN Administration Agreement.
• In such role, fulfill IFC’s Secretariat responsibilities defined in the Administration Agreement, involving:
i. Organizing and managing Oversight Committee decisions (meetings of the Oversight Committee are called and organized by the Secretariat as needed (at least once a year), or at the request of any member submitted to the Secretariat);
ii. Preparing a draft annual operating budget for approval by the Oversight Committee;
iii. Coordinating within IFC the administration of the trust fund or trust funds established pursuant to each relevant Administration Agreement between a member and IFC;
iv. Coordinating the administration and implementation of the Program, and in particular the PSP selection services, submission of PSP Projects to the Oversight Committee for approval, and supervision of the overall execution of services; and
v. Presenting an annual report to the Oversight Committee according to the rules and procedures established in the Administration Agreement.
b) IFC Team Management
Act as Colombia Manager for IFC’s PPP group
Report to C3P LAC Manager and to local IFC and World Bank country managers
Manage IFC’s relationship with FDN
Coordinate with FDN’s Vice-president of Structuring in Program’s related matters
c) Business development for PSP:
Lead IFC-FDN Program marketing activities, taking a proactive approach to developing new client contacts and project leads;
Lead origination of new PSP transactions
Lead IFC’s team in the preparation of proposals or mandates for new projects;
Supervise the preparation and negotiation of client proposals and overseeing internal approval processes;
Develop a thorough understanding of Colombia, particularly its infrastructure sectors, provide market intelligence and knowledge of developments in the general business environment;
d) Transaction execution:
Lead the coordination of IFC and FDN teams executing mandates simultaneously with different project teams;
Oversee project teams, ensuring quality execution, good client service and development of staff;
Supervise the team in the preparation of the Terms of Reference – TORs for specialized consultant’s to support teams and management of consultants.
Supervise technical, legal, regulatory, financial and commercial assessment of advisory transactions. Review and support the teams in the design of project structure. Ensure quality control.
Supervise the drafting and negotiation of contractual and bidding documents such as concession agreements, shareholder agreements, etc.
Direct participation in the discussion of key contractual issues with senior government officials and decision makers.
Supervise marketing of the transaction to potential private sector investors and participate directly in discussions as needed in support of the project;
Supervise the execution of competitive, transparent tender processes, and the resultant finalization of contractual agreements between investors and client governments;Duties and Accountabilities
SCa) Educational Background
• Bachelor degree in Economics, Engineering or Business Administration with specialization in Finance required;
• MBA or equivalent degree required;
b) Experience and Qualifications
• At least 10 years of experience in infrastructure finance, private sector participation projects and project management, with a proven track-record of originating, structuring and closing investments.
• Strong financial and credit skills.
• Business development and client relationship skills, track record and ability to focus on clients’ needs effectively.
• Experience interacting with Colombian Government at municipal and/or National level desired.
• Experience in Colombia.
• Manage relationships directly and independently with potential clients at the most senior level and with financial and technical partners as well as senior government officials.
• Excellent verbal and written English and Spanish; fluency in both languages.
• Strong inter-personal skills, ability to interact effectively with clients and teams.
• Ability to lead teams effectively, deliver high quality work through the teams within deadlines.
Applications should include a cover letter. Cover letter/CV should make reference the relevant results the candidate has delivered in prior positions, rather than simply listing responsibilities. All applications will be treated in the strictest confidence. Only short-listed candidates will be contacted. The contract for this position has an initial duration of 2 years (renewable), with a one-year probation period and subject to be renewed. This is local hire (paid in local currency). The appointee will be stationed in Bogota, Colombia.Selection Criteria