Associate Investment Officer
|Term Duration:||3 years 0 months|
|Recruitment Type:||Local Recruitment|
|Closing Date:||11/2/2023 (MM/DD/YYYY) at 11:59pm UTC|
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 2023, IFC committed a record US$43.7 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. For more information, visit www.ifc.org.
IFC has embarked on anambitious new growth strategy, the outcome of which will be to double ourvolume of business by 2030 and triple the work we do in Low Income Countries(LICs) and Fragile and Conflict affected States (FCS). To do so, IFC will needto deploy its full range of financing, mobilization, advisory, convening andthought leadership skills. This also calls for the need to generate our ownopportunities by proactively working Upstream to create, deepen, and expandmarkets and opportunities for the private sector and to imagine, design andimplement investment projects. This strategy also relies on a closer WBGcollaboration through the Cascade approach: working with clients, we willfirst seek private sector solutions to address development challengeswheresuch solutions are advisable and can be effectiveand reserve public financingfor projects only when other options are suboptimal.
IFCs PPP & Corporate Finance Advisory Department (CTA) is composed of twodivisions: (i) the Public Private Partnership (PPP) Division; and (ii) theCorporate Finance Services (CFS) Division.
The PPP Division advises governments in designing and bringing to marketcommercially robust PPP projects that provide high quality, affordable andefficient infrastructure and social services to the public. IFCs PPP Divisionalso draws on the World Banks expertise in institutional reforms, sectorstructuring, legal and regulatory frameworks, tariff structures and regulation,and international best practice to strengthen and complement IFCstransaction-oriented approach.
The CFS Division seeks to provide three categories of services: (A) transactionadvisory services to private sector clients, focusing on Mergers andAcquisition (M&A) Advisory solutions and Corporate Restructuring Advisorysolutions; (B) the Equity Mobilization Program (EMP), supporting IFCs investmentteams to identify equity investors for IFCs investment projects; and (C)Strategic Pre-IPO Advisory to clients seeking to undertake a listing on internationalstock markets.
Through its M&A advisory, CFS helps clients to attract new partners andinvestors, and acquire new businesses or spin off businesses. Under itsCorporate Restructuring Advisory services, CFS supports clients in the designand implementation of innovative corporate strategies that improveprofitability and maximize value.
The EMP services are deployed when Investment Services (IS) teams areconsidering an IFC equity investment, and the transaction requires additionalthird-party equity to complete the equity structure. In such cases, CFS workstogether with the IS teams to identify and bring in such equity investors(typically in a minority position) to finalize the transaction. CFS focuses oncross-border transactions, mobilizing third party capital and bringing new andexisting clients into new markets. With this work, CFS contributes tode-risking IFC investments, building new client relationships and generating asystematic deal flow.
Under its Strategic Pre-IPO Business Advisory offering, CFS seeks to offerpre-IPO advisory support by helping clients to prepare and position for asuccessful process of listing on international stock markets.Thisinvolves advising on the listing process, appropriateness, timing, regulations,and relevant key issues; reviewing and advising on current corporate structure,balance sheet structure, valuation, and business planning; preparing detailedtimetables for listing, broker selection, and prospectus review; preparingmanagement and the board for listing; and Corporate Governance Group advisoryservices.
IFC is seeking an AssociateInvestment Officer with experience to help execute our new CFS business strategy acrossemerging markets. The position will be based in Sao Paulo, Brazil and will report to theGlobal Manager, CFS. S/he will support coordination with IFCs regional teams forthe purpose of new business development and execution of transactions.
DUTIES AND RESPONSIBILITIES:
Supporting the execution of buy-side and sell-side advisory; restructuring advisory; and EMP services mandates across the emerging markets.
Undertaking industry and market research to identify trends, risks and opportunities that will support advisory to clients, including on IPO listing process, appropriateness, timing, regulations, and relevant key issues.
Reviewing corporate structure, balance sheet structure, business plan, IPO prospectus to support clients, including on IPO transactions.
Creating valuation models, and supporting bankability assessment, evaluation of funding feasibility, review of business plans.
Supporting the design of investment thesis and communication of investment value propositions to prospective investors.
Drafting marketing documents for transactions (e.g., pitch, teaser etc.), information memoranda, due-diligence, and transaction structuring reports, and transaction contracts and agreements, etc.
Supporting IFCs brand in the CFS space, building on IFCs regional brand and overall communications strategy.
Supporting knowledge management by helping to disseminate CFSs knowledge and experience in emerging markets to the CFS team globally.
Commitment to development and alignment with the World Bank Group and IFC's mission, strategy, and values.
Transaction advisory experience in buy side mandates, sell side mandates, restructuring mandates.
Experience in transactions that involves taking companies public on major international stock exchanges such as the New York stock exchange, London Stock exchange etc. is desirable.
Experience in financial statement analysis, forecasting and multiple scenario creation and analysis, capital structure modeling, LBO and M&A modeling, etc., intrinsic valuation and Discounted Cash Flow analysis.
Excellent team player and ability to work effectively with a dispersed team in a dynamic and multicultural environment.
Strong attention to detail.
Strong written and verbal communications skills.
A Masters degree or equivalent professional qualification in finance, business, law, consulting with at least 10 years relevant experience. A background which combines one or more of these areas of experience is also acceptable.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at theWorld BankandIFC, including our values and inspiring stories.