Post:Investment Officer,
Organization:IFC, a member of the World Bank Group,
Location: Johannesburg, South Africa
Background / General description
IFC, a member of the World Bank Group, is the largest global development institution focused
exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. IFC manages a portfolio of approximately $57 billion of assets, of which $45 billion are for its own account and the balance for third parties, including sovereign wealth funds. IFC’s Mining Group provides equity and loan financing for mining companies to build projects that reward owners, investors, and local communities. We offer an integrated approach that combines financing with industry expertise and assistance in maximizing projects’ social benefits while minimizing their environmental footprints. Under our unique Early Equity Program, we support mining projects at the pre-feasibility stage by becoming a shareholder and long-term partner. To support its growing investments in the mining sector, IFC is looking to hire an experienced Investment Officer to complement the Mining Team. The primary responsibilities of the successful candidate will be to provide support to the Portfolio Manager for a large portfolio of mining investments. Additional responsibilities include: originating and supporting new mining transactions and managing relationships with mining industry clients. The ideal candidate should be a seasoned investment professional with strong experience in leading a variety of transactions in emerging markets. A well-established track record of originating, executing, and subsequently managing investments is a prerequisite. This position will be based in Johannesburg, South Africa and will entail extensive travel within Africa.
Duties and Accountabilities
Selection Criteria
Organization:IFC, a member of the World Bank Group,
Location: Johannesburg, South Africa
Background / General description
IFC, a member of the World Bank Group, is the largest global development institution focused
exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. IFC manages a portfolio of approximately $57 billion of assets, of which $45 billion are for its own account and the balance for third parties, including sovereign wealth funds. IFC’s Mining Group provides equity and loan financing for mining companies to build projects that reward owners, investors, and local communities. We offer an integrated approach that combines financing with industry expertise and assistance in maximizing projects’ social benefits while minimizing their environmental footprints. Under our unique Early Equity Program, we support mining projects at the pre-feasibility stage by becoming a shareholder and long-term partner. To support its growing investments in the mining sector, IFC is looking to hire an experienced Investment Officer to complement the Mining Team. The primary responsibilities of the successful candidate will be to provide support to the Portfolio Manager for a large portfolio of mining investments. Additional responsibilities include: originating and supporting new mining transactions and managing relationships with mining industry clients. The ideal candidate should be a seasoned investment professional with strong experience in leading a variety of transactions in emerging markets. A well-established track record of originating, executing, and subsequently managing investments is a prerequisite. This position will be based in Johannesburg, South Africa and will entail extensive travel within Africa.
Duties and Accountabilities
- Monitor and ensure compliance with the terms of investment agreements, and prepare timely internal supervision reports.
- Identify early warning signals in assigned projects and where necessary, formulate and implement intervention strategies for work-outs, restructuring or rescheduling.
- Monitor equity holdings and developing and implementing sales strategies to maximize IFC return and development impact.
- Identify opportunities for further IFC activities with existing clients, in the areas of technical assistance activities (e.g. linkages, sustainability), financial services (e.g. carbon credits, clean technology) and investment.
- Conduct mining industry and market research and assist in the preparation of country and sector strategy papers, briefs and project profiles. This would require working closely with the World Bank country and sector teams.
- Work closely with the Global Industry Mining team in developing and executing a strategy for business development and client engagement, with the objective of building a robust pipeline of mining investments in Sub-Saharan Africa.
- Screen proposals for early review and provide guidance in the preparation of investment committee materials with a key focus on overall equity/ credit assessment and deal structuring. This would include sourcing and processing mandates, conducting due diligence, structuring deals and negotiating term sheets and other documentations for internal approvals.
- Extract and feeding back lessons of experience learnt through IFC’s earlier investments.
- Mentor junior Mining Department staff in the IFC South Africa country.
- Candidates who do not have mining experience are expected to build up expertise in this market, with a geographical focus on Sub-Saharan Africa
Selection Criteria
- MBA degree or equivalent and 7+ years’ experience in project and corporate finance, including successful promoting and processing of investments; Candidates with experience in the mining industry have a competitive advantage.
- Strong financial and credit analysis skills, including financial modeling.
- Demonstrated ability to structure projects and to close transactions; prior experience in working with clients after the initial investment has been made will be a substantial plus.
- Strong interpersonal and leadership skills, and the ability to work successfully in multicultural teams and across boundaries.
- Strong sense of service to clients, openness to feedback and to new ideas
- Excellent communication skills in English; candidates with French language skills have a competitive advantage.
- Committed to IFC’s goals and mission.
- Closing Date: Tuesday, 02 July 2013
