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Background / General description:
The International Finance Corporation (IFC), a member of the World Bank Group, promotes sustainable private sector investment in developing countries as a means to reduce poverty and improve people’s lives. To complement its growing investments, the International Finance Corporation invites applications for the following position in the Manufacturing, Agribusiness and Services Department for the Europe, Middle East and North Africa region.
Duties and Accountabilities:
IFC is looking to hire an experienced Investment Officer to complement the team responsible for IFC’s investments in the manufacturing, agribusiness and service sectors in Middle East and North Africa (MENA) region to be based in Karachi, Pakistan. She/He will report to the Portfolio Manager of the Manufacturing, Agribusiness and Services Department for MENA & Southern Europe, and will predominantly work on client relationship and portfolio management, including on repeat business transactions with existing clients. More specifically, she/he will:
•Build and maintain strong relationships with clients to ensure responsive client service and safeguard IFC’s investments;
•Anticipate client companies’ problems and propose solutions, including restructurings if necessary;
.Anticipate emerging / changing country and project environments and identifying potential problems in the portfolio, working with project teams to proactively deal with those problems;
•Contribute to develop new business opportunities with existing clients, including new investments; technical assistance in governance, environment and social areas; and sustainability initiatives;
•Ensure that corporate standards of portfolio management and supervision are met which include:
-Reviewing, analyzing and monitoring financial and operating positions of client companies;
-Supervising compliance with terms of IFC’s investments and procedures;
-Analyzing waiver requests, recommending a course of action, and preparing necessary documentation;
-Liaising with relevant IFC departments, including Credit, Legal and Resource Mobilization;
-Monitoring overall performance of equity and quasi-equity investments; developing and implementing sales strategies to maximize IFC return and development impact;
-Undertaking quarterly equity holdings valuations, investment credit analyses and loss reserve recommendations; and
-Preparing periodic company supervision reports and internal review briefs.
•MBA or equivalent degree with specialization in Finance.
•5 to 7 years of relevant work experience, preferably in the EMENA region and internationally in: (i) corporate banking or project finance, (ii) portfolio management or equity analysis experience; and (iii) preferably in analyzing companies in the manufacturing, services, agribusiness, health or education sectors. Knowledge and insight of overall industry sector trends is a plus.
•Strong analytical and credit assessment skills, and sound knowledge of loan/investment documentation, accounting and financial statement analysis.
•Ability to multi-task, deal with conflicting priorities, and deliver high quality work on schedule while paying attention to detail.
•Sound business judgment and strong problem solving, negotiation and commercial skills.
•Ability to interact directly and independently with the senior management of clients, of financial and technical partners as well as senior government officials.
•Strong inter-personal skills and aptitude for teamwork, ability to interact effectively with clients and colleagues from various cultural backgrounds and work across department boundaries.
•Genuine commitment to sustainable development.
•Demonstrated strong communication skills in English with emphasis on strong writing ability as well as oral communication and presentation skills.
•Willingness to undertake frequent travel.