Job Title: Associate Investment Officer
Hiring Organization: World
Bank
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Financial
Service
Job Type: Full
Time
Salary: KES
Competitive
Date Posted: 03/14/2024
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 $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.
IFC’s
Transaction Advisory Department (CTA) is composed of two divisions: (i) the
Public Private Partnership (PPP) Division; and (ii) the Corporate Finance
Services (CFS) Division. IFC’s Public-Private Partnership (PPP) Transaction
Advisory Services 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. Drawing on more than 25
years of experience with over 360 projects completed in 102 countries, the
Division currently has over 100 staff across the globe, with technical,
financial, contractual and procurement expertise. The team is managing around
100 active client engagements to help national and municipal governments
partner with the private sector to improve basic services such as electricity,
health, education, sanitation, and roads. IFC’s PPP Division also draws on the
World Bank’s expertise in institutional reforms, sector structuring, legal and
regulatory frameworks, tariff structures and regulation, and international best
practice to strengthen and complement IFC’s transaction-oriented approach.
The CFS
Division provides transaction advisory services to private sector clients,
focusing on Mergers and Acquisition (M&A) advisory solutions and providing
ad hoc structuring advice. Through M&A advisory, CFS provides buy side and
sell side services, helps clients creating opportunities and entering new
markets or identifying and attracting new partners and investors. CFS focuses
on cross-border transactions, mobilizes third party capital and brings clients
into new markets. With this work, CFS contributes to de-risking IFC
investments, building new client relationships and generating a systematic deal
flow.
The team
focuses on advising on the following types of transactions across all
infrastructure sectors with a particular focus on energy, transport and social
sectors:
- Public-Private
Partnerships e.g., BOT type concessions;
- Management
and lease contracts; and
- Restructuring
and privatization of state-owned enterprises.
The CTA
Africa team is looking to recruit an Associate Investment Officer (AIO) for its
East Africa (EA) sub regional team to support the whole PPP transaction process
of IFC acting as Lead Transaction Advisor and potentially on CFS mandates. The
IO will work under the supervision of the EA Hub Lead.
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:
- Contribute
to origination and marketing activities including preparation of pitch
books and proposals;
- Assist
in due diligence management, preparation of due diligence and transaction
structuring reports, and review of legal, commercial, and technical
outputs and documentation;
- Perform
financial analysis and modeling;
- Assist
in preparation of information memorandums, pre-qualification and tender
documentation;
- Assist
in marketing to potential investors, conducting international competitive
tenders and commercial/financial closure;
- Work
closely with EA Hub Lead and EA team on sub-regional strategy, origination
activities, and HR/staffing related matters;
- 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;
- 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;
- Potential
support/intervention on Corporate Finance related mandates, both in terms
of origination and execution;
- Coordinate
with different WBG groups particularly on the Private Capital Mobilization
agenda to assess opportunities for PPPs in the WBG operations, where
possible and to provide bespoke solutions to our clients to achieve
sustainable development impact
- Prepare
memos and documentation for internal approval and consultant procurement
processes, as well as managing project budget;
- Participate
in meetings with government clients and investors;
- Assist
in other project or strategy related activities as the need may arise
(research, reporting, etc.).
Selection
Criteria
- MBA
or equivalent Post Graduate degree in business, finance or economics.
- Solid
and relevant experience of at least 4-6 years gained either in project
finance, corporate finance, M&A and privatizations, or private equity
funds in infrastructure.
- Minimum
1-2 years of experience of sell-side PPP advisory is considered a plus.
- Knowledge
of overall industry sector trends and experience in infrastructure
transactions/PPPs preferably in Africa, with a proven track record.
- Business
development and client relationship skills, track record and ability to
focus on clients’ needs effectively.
- Strong
track record of contractual and/or financial closings of infrastructure
transactions.
- Strong
existing relationships with government officials, project developers,
investors, and technical and legal consultants in the infrastructure space
in Africa are preferred.
- Experience
in dealing with government clients, investors and multiple stakeholders of
infrastructure projects.
- Ability
to work with teams in multiple transactions, delivering high quality work
within deadlines, and to meet team objectives.
- Strong
analytical and financial modeling/structuring skills and demonstrated
ability to:
- Work
on a variety of transaction advisory, debt and equity transactions.
- Independently
develop financial models and sound financial analysis of the models to
draw conclusions.
- Structure
or restructure transactions to ensure prudent and sustainable risk sharing
among all parties.
- Strong
analytical and conceptual skills and ability to communicate ideas clearly
and confidently (written and oral).
- Ability
to operate in large, culturally diverse and geographically dispersed
teams.
- Ability
to work under pressure and deliver high quality work within deadlines to
meet team objectives.
- Willingness
and ability to travel on short notice and frequently, as required.
- Excellent
oral and written communication skills in English is essential.
- Knowledge
of French and/or Portuguese is considered a plus.
- World
Bank Group Core Competencies