(Associate) Investment Officer
| Job #: | req28843 |
| Organization: | IFC |
| Sector: | Investment |
| Grade: | GF |
| Term Duration: | 3 years 0 months |
| Recruitment Type: | Local Recruitment |
| Location: | Mumbai,India |
| Required Language(s): | English |
| Preferred Language(s): | English, Hindi |
| Closing Date: | 8/29/2024 (MM/DD/YYYY) at 11:59pm UTC |
Introduction
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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet. For more information, visit www.ifc.org.
The Manufacturing, Agribusiness & Services (MAS) Industry Group plays an important role in supporting IFC’s strategic priorities, covering investments in the global manufacturing and services, agribusiness, health, and education sectors. MAS sectors play a critical role in providing goods and services to consumers, addressing core needs, creating jobs, contributing to government revenues, and stimulating growth. In IFC’s client countries, these sectors can account for as much as 80% of overall economic activity and can account for up to 90% of employment activity, particularly in the poorest countries.
MAS is seeking an experienced (Associate) Investment Officer based in Mumbai, India, to complement its team and primarily cover the manufacturing, agribusiness, and consumer services sectors for its South Asia operations. The successful candidate will be a key member of the Asia Pacific MAS team and will work closely with IFC offices in the region as well as the global team to develop new business opportunities, execute transactions as well as manage portfolio investments.
Roles and Responsibilities
• Analyze operational and financial performance and credit and integrity risks of potential clients and projects. Present recommendations to the business development team on whether to pursue a straightforward deal and alternatives for structuring it
• Collaborate in developing client strategies, engagement plans, and pitchbooks for various sectors and countries, including IDA and FCS countries, and conduct sector analysis to be used as input to sector strategies
• Collect financial and operational information from clients, research pricing information, and research policies and procedures
• Build complex financial models, perform due diligence and financial analysis, and/or provide quality control over financial analysis and projections developed by an analyst to evaluate the benefits and risks of straightforward transactions
• Ensure adequate and systematic capture of project, sector, and country benchmarking information to capture lessons learned and support decision-making in future transactions
• Draft memos and concept notes for business. Independently handle waivers, amendments, and Environmental and Social Action Memo(ESAM) for straightforward portfolio projects (in coordination with relevant departments) under the general supervision of a senior investment officer
• Engage with mid-level clients on straightforward projects to understand their business directions and challenges, which may lead to new opportunities, and support the design of client engagement plans, as applicable
• Establish relationships with mid-level clients and other stakeholders (government, development partners, WBG) to explore straightforward business opportunities
• Monitor macroeconomic indicators of sector and country market conditions, as well as social and political information relevant to the assigned portfolio
• Perform credit and risk assessments, financial projections, covenant compliance reviews (debt), and monitor risk flag changes to determine performance assigned to a portfolio, with limited supervision
• Prepare investment committee or advisory committee materials for straightforward transactions, ensuring adequate applicability of IFC’s policies and procedures
• Coordinate with internal stakeholders (legal, ES&G, economists, and sector specialists) to identify ways to strengthen project development impact and financial sustainability
• Prepare quarterly portfolio reports that analyze trends over time, key issues, and areas of potential concern
• Prepare brief documents summarizing postmortem insights from portfolio reviews and reporting to identify improvement opportunities and best practices
• Research untapped markets to identify constraints to private sector investment as input to upstream market creation decisions or Country Private Sector Diagnostics
• Responsible for quarterly rating reviews of loan loss reserves for the overall assigned portfolio. Run equity valuation models to determine whether the exit strategy needs to be modified
Selection Criteria
• A master’s degree or an equivalent qualification with at least 4–8 years of relevant experience is a must. Having a CA/CFA will be considered as advantageous
• Related fields of education include business, finance, or economics or an area of expertise specific to a sector, subject matter, or industry specialist. Relevant experience could include a proven track record in business consulting, investment banking, or operational experience in the sector or technical or professional fields
• Capacity to identify barriers to market creation opportunities in a targeted country by tapping into relevant internal expertise and synthesizing information on local regulatory and economic contexts, industry and sector structure and landscape, and constraints clients face in growing their business
• Demonstrates active listening skills by paying full attention and asking questions to clarify client and stakeholder needs and gather required information
• Ability to interact effectively with clients and stakeholders by acting professionally, responding to their requests and inquiries, delivering what is promised, and meeting deadlines
• Excellent written, verbal communication, and presentation skills to effectively influence clients’ and stakeholders’ perceptions and support
• Ability to draft documents and reports that are concise, well-organized, and appropriately focused on the most critical points relevant to the target audience
• Utilize charts, graphs, and other presentation techniques to communicate complex data and concepts simply
• Ability to share valid opinions and new insights with project leaders in a concise, cohesive, and focused manner, ensuring relevance to project outcomes
• Ability to tailor explanations of IFC’s value proposition to specific clients and share relevant information on industry practices
• Ability to apply and share knowledge of related markets, industries, and sectors, including best practices and how sector dynamics may evolve within a specific country and region toward work deliverables, policies, and regulations affecting investment and business growth
• Proven analytical, financial analysis, equity valuation, and financial modeling skills to analyze and form conclusions on company financial information, projects, and industry indicators. Able to oversee and provide quality control feedback on financial models prepared by analysts
• Capacity to consider transactional aspects of the opportunities created through Upstream initiatives
• Demonstrate strong integrative thinking and ability to support project teams in developing an integrated viewpoint that connects projects, programs, and initiatives around a development challenge
WBG Core Competencies
• Deliver Results for Clients – Achieves results and identifies mission-driven solutions
• Collaborate Within Teams and across boundaries — Initiates collaboration across boundaries and broadly across WBG, bringing differing ideas to the forefront
• Lead and Innovate – Develop innovative solutions with others
• Create, Apply, and Share Knowledge – Creates, applies, and shares knowledge from across WBG to strengthen internal and/or external client solutions
• Make Smart Decisions – Recommends and takes decisive action
