Principal Investment Officer | world bank

Deadline: 25 th Aug 2023 | Principal Investment Officer | world bank

Job #:	req23828
Organization:	IFC
Sector:	Investment
Grade:	GH
Term Duration:	3 years 0 months
Recruitment Type:	International Recruitment
Location:	Sao Paulo,Brazil; Bogotá,Colombia; Panama City, Panama
Required Language(s):	English
Preferred Language(s):	Portuguese, Spanish
Closing Date:	8/25/2023 (MM/DD/YYYY) at 11:59pm UTC

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Description (Principal Investment Officer | world bank)

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 2022, IFC committed a record $32.8 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.

The Manufacturing, Agribusiness and Services (MAS) Group is a key industry group at IFC, responsible for managing a large part of IFC’s overall business in terms of investment volume and capital at risk. MAS engages in a wide range of sub-sectors including light and heavy manufacturing, agribusiness, health, education, property, retail and tourism, and other areas, with both investment and advisory services delivered to IFC’s clients through IFC’s global network. Investment in the health and education sectors (H&E) has been a profitable and impactful business for IFC and has grown into a global portfolio of over [US$3.9] billion. The work of the H&E team in Latin America and the Caribbean region (LAC) has been a major part of this success.

IFC’s Health and Education team within MAS supports the World Bank Group’s aim of improving access to efficient, reliable, and affordable health and education services in emerging markets. Health and education are basic human needs, but they remain beyond the reach of many people in developing countries. IFC supports health care and life-sciences companies by providing financing, sharing industry knowledge, raising management and clinical standards, helping shape government policy, and supporting public-private collaboration. In education, IFC helps private enterprises complement the work of the public sector and create more opportunities for children, youth, and working adults.

The COVID-19 pandemic has clearly shown us that building a resilient health system and increasing access to quality education services remain a challenge for many emerging markets and has underlined the urgent need for stronger complementarity of the public and private sectors in health and education, especially in the Latin America and the Caribbean region (LAC).

The MAS LAC team is looking to recruit a Principal Investment Officer with considerable experience in emerging markets to lead our business development efforts in the Health and Education sectors in the region.  The position will be based in either Sao Paulo, Brazil, Bogota, Colombia or Panama City, Panama.

Roles and Responsibilities: 

•  Establish and lead the business development strategy and efforts for the Health and Education sectors in LAC,
with a focus on building resilient health and education systems, which provide equal access to health and   education services.
•  Collaborate with MAS LAC and LAC teams to determine target clients, define and discuss key business development priorities with country offices and global industry teams. 
•  Contribute to country and industry strategy discussions and support the preparation of LAC country and global strategies for H&E. 
•  Develop and maintain quality relationships to foster repeat business and access to new opportunities / relationships with clients.
•  Analyze operational and financial performance of potential client companies; review investment proposals, evaluate the benefits and risks of new transactions, conduct project discussions with clients and assure quality follow-up within IFC as well as with external counterparts.
•  Identify, communicate internally and as appropriate, act on trends and developments that affect clients, companies and the industries in which they operate.
•  Develop, lead and support the H&E LAC team in developing a number of high-quality and impactful investments for IFC in the H&E sectors across the LAC region.
•  Support if needed the due diligence, internal approval process and documentation for new investments.
•  Work across H&E sector team on sector wide tasks.
•  Contribute to the identification and selection of H&E LAC Upstream opportunities for development beyond investment projects.
•  Proactively work towards MAS, LAC and H&E Global collective target in terms of mainstream, upstream and advisory initiatives, by allocating resources where needed.
•  Coach and mentor junior staff in the field office during IFC’s process cycle.
•  Guide more junior staff in IFC career management with the goal to make colleagues bring their best delivery and make the most professional development while at IFC.
•  Support dissemination of best practices within the team.
•  Undertake corporate and MAS activities as needed (e.g., recruitment, representation, conference participation, seminars etc.).

Selection Criteria

•  MBA finance or equivalent degree and a minimum of 12 to 15 years of relevant professional experience in finance with a proven track-record of sourcing, structuring and closing investments.
•  Existing relationships and credibility across a broad range of manufacturing, agribusiness and services industry sectors; deep knowledge of health and education sectors.
•  Deep understanding of the challenges of investing in emerging markets.
•  Understanding of, and interest in, development impact and IFC’s mission.
•  Proven track-record in business development and portfolio management, including developing and maintaining strategic client relationships.
•  Excellent financial and credit skills; demonstrated ability to structure a variety of complex financial instruments (debt and equity).
•  Experience of working with multilateral agencies.
•  Robust analytical and problem-solving skills to identify issues and present creative and practical solutions.
•  Sound business judgment to identify potential business partners.
•  Highest standards of transparency and integrity.
•  Ability to interact directly and independently with the senior management of potential clients, business partners, senior government officials as well as other stakeholders.
•  Proven track record in mentoring junior investment staff.
•  Capacity to deal with conflicting priorities and deliver high quality work on schedule; facility to work successfully in multicultural teams and across boundaries.
•  Excellent verbal and written communication skills in English.
•  Candidates with fluency in either Spanish or Portuguese preferred.
•  Willingness to travel extensively.

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