The International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, is one of the leading investors in emerging markets. The mission of IFC is to promote sustainable private sector investment in developing countries, helping to reduce poverty and improve people’s lives. IFC mobilizes capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and advice to governments and businesses. The development of infrastructure in Sub-Saharan Africa is a top strategic priority for IFC and for the international development community.
IFC is seeking to recruit an Associate Investment Officer (AIO) to support the development, execution and monitoring of investments in infrastructure (power, transport, telecommunications/media/technology, and non-power utilities) in Nigeria. The position provides an opportunity to obtain company, project and sector experience in a specialized, growing and high impact area. The AIO will work closely with the Infrastructure department in Lagos, Dakar, Johannesburg and Washington DC, as well as with the World Bank and MIGA as appropriate. The job will be based in Lagos, Nigeria and will involve travel in Nigeria as well as to IFC headquarters in Washington DC and regional hubs in Johannesburg, Dakar, and Nairobi for knowledge sharing, training and deal implementation. IFC offers a challenging work environment.
Duties and Accountabilities
The responsibilities of the Associate Investment Officer include but are not limited to:
– Support to the Infrastructure, Natural Resources, and Telecom, Media and Technology (TMT);
– Work with senior staff to help identify and develop a strong pipeline of quality and sustainable investment opportunities in infrastructure in Sub-Saharan Africa;
– Appraise investment opportunities that include conducting company due diligence, analyzing historical financial statements, and creating detailed financial models to assess the viability and optimal structure of an IFC investment;
– Work with senior staff to evaluate, structure, negotiate and close new investment transactions;
– Develop and maintain quality relationships with clients to ensure responsive client service and to foster repeat business and generate new opportunities/relationships for IFC;
– Expand innovative and appropriate financial structures for investment transactions;
– Coordinate closely with environmental and social colleagues to ensure the maintenance of high environmental and social standards in IFC’s investment;
– Participate in investment negotiations in coordination with senior colleagues;
– Work closely with IFC’s external partners in Infrastructure, Natural Resources, and Telecom, Media and Technology sectors in the region;
– Collaborate efficiently with a range of industry and regional IFC colleagues.
– MBA or equivalent degree with specialization in finance/accounting;
– At least 4-6 years of relevant finance experience with a major financial institution, consulting company or large corporation required, and a proven track record in originating, structuring and closing transactions;
– Knowledge of the infrastructure, Natural Resources, and Telecom, Media and Technology sectors; and / or project finance essential;
– Experience in Nigeria, and other emerging markets a plus;
– Strong financial and credit skills; demonstrated ability to structure a variety of financial instruments;
– Strong client service orientation with an openness to feedback and new ideas;
– Excellent interpersonal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds;
– Results oriented, team player, high level of attention to detail;
– Ability to discern critical issues, prepare concise, insightful analyses, and propose solutions to problems;
– Commitment to the World Bank Group and IFC’s mission, strategy and values;
– Motivation to support development in Sub-Saharan Africa;
– Excellent command of written and spoken English.