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  • Posted: Feb 18, 2022
    Deadline: Not specified
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    The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and most famous development bank in the world and is an observer at the United Nations Development Group. The bank is based in Washington, D.C. and provided around $61 billion in loans and assistance to "develop...
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    Associate Investment Officer

    Closing Date:    2/24/2022  at 11:59pm UTC 

    Description
    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 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org.

    IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. It helps developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.

    IFC’s Public-Private Partnership (PPP) Transaction Advisory Services (CTAPP) provides sell side financial advisory services and acts as Lead Transaction Advisor to governments to structure and implement PPP and privatization transactions, primarily for provision of public services. Its aim is to increase access to basic infrastructure (electricity, water, transportation and telecommunications) and social services (health and education) as well as facilitate private investments.

    The department is looking to recruit an Associate Investment Officer (AIO) for its Eastern Africa team who will support the regional team and management with the whole PPP transaction process of IFC acting as Lead Transaction Advisor. 

    • The team focuses on advising on the following types of transactions across all infrastructure sectors with a particular focus on energy and transport: 
    • Public-Private Partnerships e.g. BOT type concessions;
    • Management and lease contracts; and
    • Restructuring and privatization of state-owned enterprises.

    The position is based in Nairobi, Kenya, and reports to the Regional Manager for PPP Transaction Advisory Services in Africa. 

    Role & Responsibilities:

    The AIO’s work will involve supporting the implementation of advisory mandates of a variety of types, including business development, interactions with clients, developing terms of reference, procurement and supervision of consultants, preparation of presentations and reports, financial modeling and due diligence, transaction structuring, drafting bidding documents and managing bidding processes, interacting with investors. Duties will include, but will not be limited to: 

    1.  Contribute to origination and marketing activities including preparation of pitch books and proposals;
    2. Prepare memos and documentation for internal approval and consultant procurement processes, as well as managing project budget;
    3. Perform financial analysis and modeling;
    4. Assist in due diligence management, preparation of due diligence and transaction structuring reports, and review of legal, commercial, and technical outputs and documentation;
    5. Assist in preparation of information memorandums, pre-qualification and tender documentation;
    6. Assist in marketing to potential investors, conducting international competitive tenders and commercial/financial closure;
    7. Assist in coordinating closely with other parts of IFC including environmental and social, legal, other advisory and investment departments as well as World Bank colleagues in order to provide comprehensive and bespoke solutions to clients that will achieve sustainable development impact;
    8. Execute projects from mandate signature, through due diligence, prequalification, tendering and award, to the finalization and execution of all project agreements leading to financial close;
    9. Develop, coach, motivate and manage junior members of the team;
    10. Participate in meetings with government clients and investors; and
    11. Assist in other project or strategy related activities as the need may arise (research, reporting, etc.).

    Selection Criteria

    1. MBA or equivalent Post Graduate degree in business, finance or economics;
    2. Solid and relevant experience of at least 6 years gained either in project finance, corporate finance, M&A and privatizations, or  private equity funds in infrastructure;
    3. Knowledge of overall industry sector trends and experience in infrastructure transactions/PPPs preferably in Africa, with a proven track record;
    4. Business development and client relationship skills, track record and ability to focus on clients’ needs effectively;
    5. Strong track record of contractual and/or financial closings of infrastructure transactions;
    6. Experience in dealing with government clients, investors and multiple stakeholders of infrastructure projects;
    7. Ability to manage teams in multiple transactions, delivering high quality work within deadlines, and to meet team objectives;
    8. Strong financial modeling skills;
    9. Strong analytical and conceptual skills and ability to communicate ideas clearly and confidently;
    10. Good presentation skills both written and oral;
    11. Willingness and ability to travel on short notice and frequently, as required; and
    12. Excellent oral and written communication skills in English is essential.

    go to method of application »

    Counsel

    • Job #:    req15234
    • Term Duration:     3 years 0 mo
    • Required Language(s):    English
    • Preferred Language(s):    French, Arabic
    • Closing Date:    3/3/2022  at 11:59pm UTC 

    Description
    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 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. 

    The International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, promotes sustainable private sector development in emerging markets, helping to reduce poverty and improve people's lives. The Legal Department of IFC (CLED), under the General Counsel and Vice President, Risk & Sustainability, is responsible for providing legal and policy advice to the IFC Board, its Management and client departments on operational, advisory and corporate matters.  Specifically, CLED supports client departments in (i) the delivery of IFC’s annual program of financing private sector projects in emerging markets, advisory services, as well as early stage engagements and pre-investment project development work to identify opportunities for private sector investments and creating markets (“Upstream”); (ii) project portfolio management (including jeopardy projects and projects in litigation); (iii) the delivery and design of  structured finance products, sub-national lending, equity and quasi-equity, public-private partnerships, and investments in funds, as well as platform products; (iv) advising on corporate policy and operational matters; and (v) knowledge management and training. 

    To support IFC’s growing activities in the Africa region, CLED is recruiting a qualified Legal Counsel to be based in either Johannesburg, South Africa, Nairobi, Kenya or Dakar, Senegal, to be determined in consultation with the selected candidate.

    Duties and Accountabilities:

    1. Providing advice and support to colleagues working on Investments, Advisory, as well as Upstream, in Africa. Assume primary lawyer responsibility for new and portfolio investments, advisory services and Upstream projects in the Africa region. Responsibilities in respect of Advisory services will include oversight of legal analysts preparing documentation based on standardized terms and conditions. 
    2. Advising on the selection of outside counsel in the Africa region, managing outside counsels’ service delivery, quality and legal costs. 
    3. Interacting and communicating with colleagues in Washington and other regions to facilitate the provision of excellent legal services in the Africa region, including providing advice and support to colleagues in Washington working on projects in   the region.
    4. Obtaining and expanding country knowledge, experience and best practices arising from the business in Africa and efficiently sharing and applying this knowledge in a useful, solutions-oriented and practical way. 
    5. Providing general advice and support with respect to all aspects of IFC’s business in the Africa region.

    Selection Criteria

    1. Masters degree required
    2. Qualified to practice law in one or more jurisdictions.
    3. At least 8 years’ post-qualification relevant international law firm and/or international financial institution or development finance institution experience.  Experience in post conflict countries preferably in developing countries desirable.  The successful candidate will have extensive experience of  cross-border secured debt transactions (project and corporate finance including multi-lender transactions).  Experience in equity and quasi-equity, investment funds and debt capital markets desirable.
    4. Ability to handle complex corporate and commercial transactions independently.
    5. Willingness to assume multiple roles and tasks to meet changing business needs with an ability to foresee troubleshoot and effectively resolve conflicting issues and challenges.
    6. Sound judgement and ability to assess risk in a practical and responsible manner and make fair, well-reasoned, independent decisions.
    7. Excellent interpersonal skills, ability work effectively in a multicultural environment and build good relations with clients and colleagues.
    8. Ability to work in a fast-pace environment with quick turnaround expectations. 
    9. Willingness to travel throughout Africa frequently and on short notice.
    10. Demonstrated commitment to core values, including excellence, mutual respect, collegiality, teamwork, diversity and inclusiveness, integrity, innovation, transparency and accountability.
    11. Experience with “know your customer”, anti-money laundering and anti-corruption policies and procedures desirable.
    12. Excellent communications skills in English, and the capacity to present complex issues and analyses, both written and  orally, clearly, concisely and persuasively. 
    13. Ability to speak French or Arabic desirable but not essential other than for postings to Dakar, Senegal where French would be essential.

    go to method of application »

    E T Consultant -Digital Development Specialist

    • Job #:    req15110
    • Grade:    EC2
    • Term Duration:     1 year 0 months
    • Recruitment Type:    Local Recruitment
    • Required Language(s):    English
    • Preferred Language(s):    Portuguese, French
    • Closing Date:    2/22/2022 (MM/DD/YYYY) at 11:59pm UTC

    Description
    Do you want to build a career that is truly worthwhile? The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.

    The Infrastructure Practice Group 
    Globally, 840 million people live more than 2 kilometers from all-weather roads, 1 billion people lack electricity, and 4 billion people lack Internet access. Access to basic infrastructure services is critical for creating economic opportunities for the poor. The Infrastructure Practice Group is charged with developing sustainable solutions to help close infrastructure gaps in developing and emerging economies.

    The World Bank Group helps developing countries build smart infrastructure that supports inclusive and sustainable growth, expands markets, creates job opportunities, promotes competition, and contributes to a cleaner future. We help countries address their unique infrastructure needs by working with the public and private sectors. Infrastructure improves lives by connecting people to opportunity. For more information: https://www.worldbank.org/en/topic/infrastructure

    Digital Development Global Practice
    The Digital Development (DD) Global Practice is part of the Bank’s Infrastructure Practice Group. It plays a critical role in enabling the achievements of the Twin goals and the Sustainable Development Goals.   Digital technologies are transforming firms, governments and people’s lives; and with the digital economy growing at a rate significantly higher than that of the global economy, it offers emerging economies a unique opportunity to leapfrog traditional paths for development through digital solutions. 

    Collaborating across technical, geographic and institutional boundaries, the Digital Development team helps design and deliver ICT-enhanced solutions to a diverse range of clients.  The team supports clients (i) through advisory assistance to establish policy and regulatory environments that allow the widespread use of technology and create a trust environment; (ii) lending operations by building infrastructure to connect the unconnected, or enabling digital government shared platforms (cloud, digital, identification, etc.).

    The DD Global Practice is led by a Director supported by several Practice Managers with specific regional and thematic responsibilities. The IDD04 unit is responsible for Digital Development activities and portfolio in the Eastern and Southern Africa region, including lending, supervision and analytical work. 
    The unit is looking to recruit a Digital Development (DD) Specialist under an Extended Term Consultant (ETC) appointment to be based in Nairobi, Kenya and support various countries in the region. English is essential, and French or Portuguese would be an advantage. The DD Specialist will report to the IDD04 Practice Manager.  

    Duties and Accountabilities 

    The ET Consultant will:

    1. Contribute to the design, preparation and supervision of World Bank Group financed digital development related investment and policy reform programs in client countries with a particular emphasis on stimulating development of digital connectivity infrastructure through PPPs and regulatory/policy reforms, facilitating development of digital government IT infrastructure, platforms and services, and promoting development of digital skills and innovation as well as on addressing corporate requirements (e.g. climate change, gender, ….).
    2. Advise clients on strategies, best practices and design of programs to develop the foundations of their digital economies.  This may include participating in complex technical assistance activities and providing ad hoc technical and strategic expertise on the design of the overall policy, legal, regulatory and institutional framework for the ICT sector and wider digital economy as well as IT functions and digital services delivery within governments.
    3. Provide technical expertise and advice on a range of ICT policy and regulatory issues to promote competition, investment and innovation in the telecoms sector and broadband value chain with the aim of boosting affordability, service quality and access to digital connectivity by citizens, businesses and governments and to stimulate the downstream development of value-added digital services.
    4. Provide technical expertise and advice on policy, institutional reform, project development and execution to support the digitization of public administration and public services delivery in client countries.  
    5. Liaise and provide guidance to colleagues working in other sectors (including agriculture, health, education, energy, financial services, transport, etc.) on how to leverage digital technologies to improve public service delivery and efficiency in the respective sectors.  
    6. Develop innovative and practical approaches to solving difficult policy and operational issues for selected high priority telecommunications, ICT or digital economy related activities
    7. Contribute to policy dialogue with senior officials of client countries, regional institutions, private sector/industry, and development partner agencies. 
    8. Prepare of best practice notes and reports on policy and regulation in the DD sector.
    9. Perform economic and financial analysis (market models, business models, etc.) to inform decisions on project designs, PPP schemes, financing plans, etc.
    10. Represent the DD Unit and the Bank at digital development related fora and events, as well as liaison in the above areas with key external partners.

    Selection Criteria

    1. Master's degree in telecommunications, engineering, computer science, law, economics, public policy or related field with a minimum of 5 years of experience in ICT / Digital Economy policy and regulation and/or ICT
    2. Digital Economy project design and implementation, or equivalent combination of education and experience
    3. Excellent conceptual and analytical skills, including ability to think strategically and innovatively about the role of digital technologies for socio-economic development and for transformation in other sectors of the economy.
    4. Strong technical and operational skills as evidenced in a proven track record in supporting the delivery of project operations and project implementation and supervision within the Bank or similar type of projects/products for other entities; knowledge and experience in World Bank Group Policy and Procedure Framework (PPF) is not mandatory but would be a plus.
    5. Firm understanding of digital technologies, digital transformation of society, and digitally enabled business model trends relevant to socio-economic development in the African context (especially Eastern and Southern Africa) and enthusiasm to stay abreast of new innovations. 
    6. Strong client engagement skills, taking responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or project success.
    7. Excellent written and verbal communication skills in English (French and Portuguese would be an advantage) as demonstrated in a proven track record of effectively delivering technical information in a clear, easily understandable and effective manner.
    8. Excellent presentation skills, using charts, graphs and other data presentation techniques appropriately to communicate data, technical information, or complex concepts to non-specialists.
    9. Strong drive for results, taking personal ownership and accountability to meet deadlines and achieve agreed-upon results.
    10. Strong business judgment and analytical decision making, analyzing facts and data to support sound and logical business decisions.
    11. Proven ability to function effectively as a team member of multi-disciplinary teams and resolve conflicts constructively. 
    12. Prior work experience in Africa (especially Eastern and Southern Africa), and good knowledge of sector issues in the region is a plus. Experience in Fragile Conflict and Violence environment would be an additional plus.
    13. Willingness and ability to travel.

    go to method of application »

    Extended Term Consultant (Transport Analyst)

    Extended Term Consultant (Transport Analyst)

    • Job #:    req15232
    • Sector:    Transportation
    • Grade:    EC1
    • Term Duration:     1 year 0 months
    • Required Language(s):    English
    • Preferred Language(s):    English/Swahili
    • Closing Date:    3/10/2022 (MM/DD/YYYY) at 11:59pm UTC

    Description
    Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. 

    Home to about half a billion of Africa’s people, Eastern and Southern Africa is a geographically, culturally and economically diverse region of 26 countries stretching from the Red Sea in the North to the Cape of Good Hope in the South. Children under 18 make up almost half of the total population. The sub region boasts of some of the world’s richest human and natural resources and, apart from South Africa, the countries are predominantly raw material exporters. 

    The sub region harbors some of Africa’s protracted conflicts, rendering many of its countries fragile, while significant gaps in education, health, and skills development continues to keep people from reaching their full potential. This creates a huge development challenge, impacts heavily on the lives and livelihoods of people, and hinders regional integration and trade. But it also creates an opportunity to work closely with country leaders, civil society, development partners, and young people to chart a brighter course for the future.  

    The World Bank’s Eastern and Southern Africa Region, comprised of approximately 1,207 staff, mostly based in 26 country offices, has been helping countries realize their considerable development potential by focusing on the following priorities:

    Creating Jobs and Transforming Economies: We are working with countries across Africa to stimulate job creation and economic transformation by leveraging all sources of finance, expertise, and solutions to promote investment.
    Building up the Digital Economy: We are supporting Africa’s vision to ensure that every African individual, business, and government is connected by 2030 – a vision that, if realized, can boost growth by up to 2 percentage points per year, and reduce poverty by 1 percentage point per year in Sub-Saharan Africa alone.
    Institutions more Efficient and Accountable: Our support is helping governments strengthen public policy processes, manage resources effectively, and reinforce fair and reliable delivery of public services.
    Investing in People: We are at the forefront of helping African countries accelerate human capital gains and empower women by improving their access to education and skills acquisition, sexual and reproductive health services, and employment opportunities. With the influx COVID-19, we are mobilizing financial support and timely analysis and advice to countries across the subregion to deal with the pandemic.
    Supporting Climate Change Mitigation and Adaption:  In the face of increasing climate-related risks, we are working with African countries to advance efforts to adopt renewable energy, climate-smart agriculture, and green transport infrastructure. A number of East African countries are currently facing a debilitating Desert Locust infestation, threatening the already precarious food security situation. The Bank has put together a program to help affected countries deal with the scourge. 
    Addressing the Drivers of Fragility, Conflict, and Violence: Given the cross-border nature of conflicts in Africa, we are employing an approach that simultaneously focuses on the drivers of fragility while also supporting well-targeted regional initiatives to create opportunities for peace and shared prosperity.
    Building Partnerships and Working across the African Continent: We are scaling up our work on regional integration, taking a holistic view of the continent that covers both North and Sub-Saharan Africa.

    The World Bank is a dedicated partner for Eastern and Southern African countries, helping them deliver strong development outcomes for their people. A brighter future for Africa is a better future for the world.

    The Transport Global Practice 
    Within the World Bank, the Transport Global Practice (GP) is made up of more than 300 professionals who are dedicated to respond to the needs of developing countries for faster, cheaper, safer and more efficient transport solutions while addressing traffic fatalities, congestion, greenhouse gas emissions, and local air pollution. Country needs are growing exponentially under the combined effects of globalization, population growth, rapid urbanization, economic development, and technological progress – making sustainable transport a vital part of the global development agenda. 

    The Africa transport sector grouping consists of four units across two regions led by two Regional Vice Presidents (East and Southern Africa, and West and Central Africa). The transport units are led by Practice Managers who report to the Regional Directors, as well as the Global Infrastructure Practice Group led by a Vice President covering transport, energy, digital development, as well as infrastructure finance, public-private partnerships and guarantees.
    The Transport Unit in Eastern Africa is now seeking a locally recruited Extended Term Consultant (ETC) based in Nairobi, Kenya to support the design, preparation, and supervision of lending operations and technical assistance activities and new business development in the sector. The ETC will join the transport team in Kenya and will be guided by the Practice Manager, Lead Transport Specialist, and Infrastructure Program Leader based in Nairobi. 

    Duties and Responsibilities
    The ETC will report to the Transport Practice Manager. S/he is expected to work across several transport modes in Kenya. The transport portfolio in Kenya is quite complex and consists of two ongoing projects and one under preparation, focusing on regional connectivity and urban mobility, in addition to a substantial analytical program. The Transport Team is also collaborating with other Global Practices on urban development, regional trade facilitation, access to health and education facilities, and agriculture integration to enhance integrated development in the country. The primary objectives of the assignment will be to:

    Participate in and support the implementation of ongoing transport operations in Kenya. This includes:

    1. Providing implementation support to clients
    2. Preparing project reports such as Aide-Memoires, Implementation Status Reports, Implementation Completion Reports, and reports to donors 
    3. Monitoring disbursements and the overall financial status of projects
    4. Drafting official letters, no-objection letters and responses to requests for comments
    5. Monitoring the implementation of fiduciary and safeguard aspects and advising the task teams on any action(s) required 
    6. Reviewing technical reports, designs, bidding documents
    7. Monitoring actions on procurement requests and advising the task teams on any action(s) required

    Participate in and support the preparation of new transport projects in Kenya. This includes:

    1. Providing support to project planning and processing 
    2. Preparing staffing plans for clients, including drafting TORs 
    3. Data collection, processing and analysis (traffic forecast, economic analysis, financial simulation)
    4. Reviewing designs, consultant reports, and other technical documents
    5. Contributing to concept notes, project appraisal documents, as well as other reports
    6. Managing processing of packages through the World Bank system from identification to board stage

    Contribute to the preparation and dissemination of research and analytical activities in the transport sector. 

    1. This will include work on internal World Bank knowledge products, and external involvement with other donors/transport sector working group. A particular focus will be work related to climate change (adaptation and mitigation, GHG emissions estimates, vulnerability assessments, etc.).

    Participate in field/virtual missions to supervise and prepare projects and donor coordination meetings. This will include:

    1. Preparing mission records including mission announcement letters, Aide-Memoires and management letters
    2. Collecting and analyzing data and implementation status reports from the client (implementation performance)
    3. Contributing to mission preparations 
    4. Conducting workshops to facilitate project implementation and resolve bottlenecks
    5. Providing comments on technical documents
    6. Supporting logistics preparations for missions in liaison with respective assistants and client team.
    7. Preparing minutes of donor coordination meetings

    Selection Criteria
    Technical Competencies

    1. The position calls for a highly motivated individual who is able to work with little supervision. The successful candidate shall have (or be studying towards) a Master’s degree or equivalent in Civil/Transport Engineering, Economics, Public Policy, Logistics, or other related disciplines with a minimum of two years of experience.  Other specific skills include:
    2. Knowledge of transportation/traffic/civil works (roads/urban transport), engineering/ procurement of works and services;
    3. Knowledge of economics and/or transport policy related issues and/or environmental and social issues associated with transport projects; 
    4. Knowledge of climate adaptation;
    5. Previous relevant professional experience in transport or infrastructure;
    6. Strong project team skills, including demonstrated teamwork and activity management skills, and experience working with multidisciplinary teams.
    7. Familiarity with the activities and development focus of multilateral development financial institutions such as the World Bank;
    8. Work experience in developing countries, in particular, Sub-Saharan Africa;
    9. Strong computer skills, with a familiarity of Geographic Information Systems and associated platforms in transport planning as an additional asset;
    10. Excellent writing and communication skills in English and understanding and speaking Swahili would be an additional advantage;
    11. Willingness to undertake extensive travel within Kenya.

    go to method of application »

    Investment Officer – Private Equity and Venture Capital Funds

    Investment Officer – Private Equity and Venture Capital Funds

    Job #:    req14941
    Sector:    Investment
    Grade:    GF
    Term Duration:     3 years 0 months
    Recruitment Type:    Local Recruitment
    Location:    Nairobi,Kenya
    Required Language(s):    English, French  
    Closing Date:    2/18/2022 (MM/DD/YYYY) at 11:59pm UTC
     
    Description
    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 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org.
    IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. With its mission to leverage the power of the private sector to help end poverty and boost shared prosperity, IFC creates markets and opportunities in markets around the world. 

    IFC’s Private Equity and Venture Capital (PE & VC) Funds group plays an integral role in this mission. IFC is the largest investor in emerging market PE & VC funds in the world, with over US$6.5 billion committed across a portfolio of more than 330 funds. IFC’s PE & VC funds strategy focuses on supporting: (i) growth equity funds, (ii) venture capital funds, (iii) small business funds in frontier regions, and selectively (iv) sector funds. In turn, these PE & VC funds combine capital and expertise to enable investee companies to achieve the operational efficiency and governance standards required to realize their high-growth potential.
    IFC is seeking a PE & VC Funds Investment Officer to be based at IFC’s Nairobi, Kenya Office. The Investment Officer will work across Sub-Saharan Africa and other regions as required. In this role, your primary responsibility will be to assess PE & VC fund managers in Sub-Saharan Africa, with a focus on Francophone Africa, to determine if they meet IFC’s investment criteria for financial returns, development impact, and environmental and social responsibility, to assess co-investments with these PE & VC fund managers and to conduct portfolio monitoring work for IFC’s existing funds portfolio. In addition, you will be expected to work periodically on corporate assignments.
     
    Duties and Accountabilities

    1. This is a dynamic role that requires a high-level of interest in private equity, international business, emerging markets, and development impact. Responsibilities of an Investment Officer are divided among new business, portfolio management and corporate strategy. These include:
    2. Undertake due diligence of potential PE or VC fund investments in Sub-Saharan Africa; participate in the structuring, negotiating and execution of investments;
    3. Coordinate with internal IFC stakeholders, including: Legal; Risk; Environment, Social & Governance; Impact Assessment; and Macroeconomics teams – to analyze proposed investments, ensure compliance with IFC standards and determine whether to recommend an investment for IFC;
    4. Prepare investment review materials and presentations, and make recommendations to IFC management and investment decision making bodies on proposed investments to obtain investment approval;
    5. Negotiate terms and legal documentation for fund investments and co-investments;
    6. Review existing fund investments, co-investments and investee companies and prepare portfolio supervision reports, including relevant performance analyses and strategy and manager assessments;
    7. Track and monitor compliance matters for fund investments and propose courses of action in the event of non-compliance;
    8. Analyze macroeconomic data, corporate financial data and other industry information to identify and monitor issues that may affect IFC’s investments and recommend actions where necessary;
    9. Develop an understanding of the target countries in Africa, provide market intelligence, and develop strong business networks;
    10. Conduct market studies and help develop a pipeline of potential fund investments across IFC initiatives; perform research to determine the level of activity and attractiveness of fund opportunities, define future trends, and identify best of breed managers;
    11. Communicate IFC’s strategy for funds and its rationale for engaging in specific transactions.

    Selection Criteria

    1. MBA preferred; additional qualification (e.g. CFA) beneficial;
    2. Minimum of 5-6 years relevant work experience, preferably in a PE or VC firm or as a fund investor;
    3. Knowledge of the PE & VC market in emerging markets;
    4. High professional integrity and sound business judgment and insight in identifying potential fund investments and fund manager partners;
    5. Ability to think independently, analyze problems, identify solutions, and work effectively on simultaneous projects under time pressure;
    6. High degree of initiative, flexibility, reliability, discretion and willingness to learn;
    7. Highly motivated and energetic, outstanding interpersonal skills, with a collegial and sharing work style; 
    8. Comfortable working in a matrix organizational structure; ability to interact effectively with clients and colleagues from various cultural backgrounds; ability to work with people at all levels and demonstrate responsiveness and ability to work as part of a team;
    9. Excellent verbal and written communication skills in English and French; additional languages are a plus;
    10. Ability and willingness to travel

    Method of Application

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