Local recruitment: Upstream Investment Officer, Infrastructure (LAC Region) (including water)
IFC—a sister organization of the World Bank and 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 2019, we invested more than $19 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 www.ifc.org
IFC has embarked on an ambitious new growth strategy (IFC 3.0) to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected Situations (FCS). This strategy calls for generating our own opportunities by proactively working “upstream” to create, deepen, and expand markets and to imagine, design and implement investment projects. It requires taking a systematic approach to understanding the regulatory and sector bottlenecks that prevent the flow of private capital into productive investment in our member countries and addressing these bottlenecks through World Bank Group engagement on policy reforms and programmatic interventions at the country and sector level. It also requires capacity to leverage WBG programs and projects to develop our own proactive sector interventions and to imagine and design projects even in the absence of reforms.
The Latin America and Caribbean Infrastructure unit is an open and dynamic team, which develops, advises, structures and makes infrastructure project investments across a number of sectors including power, transportation, telecom, technology, subnational infrastructure and natural resources. Please visit our website for more information on IFC’s work in the infrastructure sector.
The IFC is seeking an Investment Officer with deep expertise in the infrastructure sector, including energy, utilities, transport, water and sanitation, solid waste, waste to energy and telecommunications, media, technology. The selected candidate will focus on developing a high-quality pipeline of projects in different stages of development as well as ready to finance projects across the Latin America & Caribbean region under the supervision of the Regional Upstream Lead. He/she will also support policy work and other interventions across the World Bank Group to prioritize various initiatives and to maximize the impact of Upstream efforts.
Roles and Responsibilities
The role and responsibilities of the position will include but not be limited to:
- Identify and assess Upstream and investment opportunities based on country and sector strategies and market creation potential.
- Develop a strong pipeline of good quality LAC investment opportunities through proactive origination/business development and developing and employing sector/country knowledge.
- Lead Upstream initiatives, which includes the development of prefeasibility and feasibility studies, design of new business models, bankability assessment and implementation plans for Upstream projects that lead to IFC investments.
- Conduct sector-specific data analysis and stress-testing of various operating models to help generate ideas for new projects, new products and platform businesses.
- Work with the World Bank to identify and help implement sector and regulatory reforms that are needed to unlock opportunities for private investment.
- Design and implement scalable solutions and platforms that can be replicated across markets.
- Spot game-changing trends, technologies and business models that can bring solutions to emerging markets.
- Supervise the production of regular reports on the assigned Upstream portfolio including monitoring progress against project milestones and KPIs.
- Collaborate with stakeholders and form partnerships with staff across IFC and the World Bank Group, sponsors, clients and other external parties to enable delivery of Upstream projects.
- Facilitate knowledge flow across IFC and the World Bank Group and promote adoption of new approaches and best practices.
- Help build external recognition of IFC’s distinctive capabilities in working Upstream to catalyze greater flow of investment opportunities in the sector.
- From time to time and depending on workload and team needs, execute viable investment transactions in infrastructure sectors (due-diligence, valuation, financial analysis, transaction structuring, documentation, negotiations etc.) in the LAC region that maximize development impact as well as profitability.
- Master's degree or equivalent professional qualification in Business, Finance, Economics, or other relevant field.
- At least 8 years of experience in the infrastructure or financial sector, with a proven track record in project/program development producing feasibility studies, hands-on advisory and/or senior consulting functions, or in an investment related function, developing and closing deals.
- Strong, demonstrated understanding and proven hands on experience in at least one of the following infrastructure sectors: energy, transport, water and sanitation, waste management, or telecommunications/technology. Regional knowledge of countries and understanding of infrastructure challenges faced by countries within the region will be a plus.
- Ability to link policy reforms, advisory interventions, investment, and mobilization to deliver solutions at a country level.
- Ability to interact directly and independently with the senior management of potential clients, financial and technical partners as well as senior government officials. Prior experience of working with IBRD and MIGA will be a plus.
- Genuine commitment to development and to the World Bank Group and IFC's mission, strategy and values.
- Understanding of IFC’s strategic priorities and changing business model against the backdrop of IFC’s 3.0 strategy.
- Capacity to innovate and challenge the status quo. Proven track record in new idea generation, business development, and creating projects/programs from scratch.
- Experience in project/program management, including executing against implementation plans with defined business development milestones.
- Experience in monitoring and reporting on a portfolio of projects/programs/initiatives.
- Outstanding analytical and critical thinking skills; demonstrated ability to synthetize complex information and make concrete strategic and tactical recommendations.
- Excellent people skills, openness to feedback, new ideas, and ability to guide, and motivate others.
- Strong inter-personal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds.
- Strong written and verbal communications skills in English and Spanish