Senior Investment Officer
Singapore, Singapore
JOB DETAIL
Description
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 2022, IFC committed a record $32.8 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’s Public-Private Partnership Transaction Advisory Services Department (CTA) provides sell side financial advisory services and acts as Lead Transaction Advisor to governments to attract private sector financing in infrastructure by structuring and implementing Public-Private Partnership and privatization transactions for basic infrastructure (electricity, utilities, transportation and telecommunications) and social infrastructure (health and education). CTA mandates typically include transaction preparation and implementation services, from feasibility studies until commercial close of the transaction with a private partner.
The CTA is looking to recruit a Senior Investment Officer (IO) for its Asia team. The position is based in Singapore and reports to the Regional Manager for PPP Transaction Advisory Services. The Senior Investment Officer shall work primarily with the CTA Asia region team, as well as across region and department when required.
Roles and Responsibilities
The Senior Investment Officer is expected to lead project teams in origination and implementation of projects, independently or under supervision from Principal Investment Officers or Global Social sector Lead, depending on the circumstances. The Senior Investment Officer will work across sectors, but with a specific focus on social infrastructure.
Duties will include, but will not be limited to the following
Business development, mandate origination and government client management work
Across all sectors, for countries of focus to be determined by the Regional Manager, the Senior Investment Officer is expected to:
• Strengthen business relationships with existing and new Government clients in line with the country strategy, in collaboration with the IFC Country Officer
• Identify strategic decision makers and promoters of private sector participation within the Government and develop/maintain a business relationship with them; Identify strategic priority sectors/counterparts/regions and develop a high-level strategic roadmap for CTA intervention
• Identify a pipeline of potential CTA mandates through proactive origination/business development activities such as knowledge dissemination events, project pipeline diagnostic and scoping, etc.
• Identify and implement partnerships within the WBG or with other Development Institutions in order to promote private sector participation in infrastructure, identify joint interventions and conduct business development jointly as and where strategically desirable in order to originate new mandates
• Conduct and supervise the realization of all internal and external mandate origination activities in accordance with IFC’s policies (incl. applying for and receiving internal approval processes, identifying sources of funds, formulating proposals, negotiating mandates, etc until mandate signing)
Transaction execution
Across all sectors, countries of focus to be determined by the Regional Manager, the Senior Investment Officer is expected to act as Team Leader on the execution of CTA mandates, including to:
• Mobilize and manage the project team including IFC team, hiring and managing specialized consultants for technical, legal, E&S, insurance, tax and other transaction matters as needed
• With support from specialized consultants manage comprehensive technical, E&S, legal and financial project due diligence
• Carry out and/or supervise preparation of financial models and financial analysis of projects
• Prepare and carry out market sounding exercise, consisting of inter alia having early stage discussions on project bankability with potential investors
• Based on results of the comprehensive due diligence prepare and present transaction structuring recommendations for clients, including recommendations on allocation of risks between private and public sector
• Lead the team in preparation of transaction documents, including pre-qualification, project agreements and requests for proposals
• Market the project to potential investors, including preparation of teasers, information memorandums, etc
• Lead negotiations with potential investors
• Be responsible for daily communication with client and stakeholders – facilitate meetings, act as the first point of call/interface with the client, follow up on requests to and from the client
• Participate in and/or lead meetings with government clients and investors
• Other project or strategy related activities as the need may arise (strategizing, research, reporting, etc.)
• Assist the client until commercial close of the transaction
• In some cases, lead the IFC project team to assist the client with the early stages of implementation of the project
Social Infrastructure sector
The Senior Investment Officer is expected to act as Social Infrastructure sector anchor for the Asia Region, under the co-supervision of CTA’s Global Social Sector Lead. Under this role, the Senior Investment Officer is expected to:
• Assist the Global Social Sector Lead to define and implement business development strategies for the Asia region;
• Proactively assist project teams to conduct business development and originate mandate, incl. through providing assistance in conducting diagnostic and scoping activities, scanning project pipelines, etc to identify suitable projects for private sector participation and IFC’s intervention;
• Act as Team Leader or team member on transactions
• For selected countries of interest, develop a CTA strategy in the health and/or social sectors for PPPs
• Monitor the implementation of mandates in the social sector, provide punctual assistance to project team as and when required; participate in the peer review of documents at key milestones of the implementation of the projects (e.g. structuring options report, tender documents, etc)
• Coordinate on a regular basis with other WBG departments involved in the public sector dialogue on Social Infrastructure in Asia, incl. the WB Health and Education Global Practices and IFC’s Manufacturing, Agribusiness and Services Department in charge of investments
Corporate Activities
For selected other countries/sectors to be determined in consultation with the Regional Manager, the Senior Investment Officer is expected to:
• In collaboration with the IFC Country Offices, assist in the formulation, monitoring and updating of IFC’s strategy relevant to CTA, working with IFC’s regional industry and regional departments and in close coordination with the infrastructure groups at the World Bank
• Cooperate actively with other departments of the World Bank Group involved in the public sector dialogue regarding private sector participation in infrastructure, including, but not limited to, World Bank GPs and CMUs, MIGA, IFC’s relevant investment departments
• Contribute to the development and execution of the CTA’s knowledge management efforts
• Actively manage the CTA staff based in the sub-region, mentor junior staff, including colleagues new to the sector or to IFC
• Extensive travel in the Asia region is to be expected
Selection Criteria
The selected candidate should ideally possess:
• Minimum 12 years of relevant experience in areas of transaction advisory, investment operations, investment banking, M&A, project finance
• MBA or masters degree in relevant field is a must
• Experience in infrastructure sectors. Prior experience in social infrastructure
• Experience with emerging markets (experience in the Asia region will be considered a plus)
• Knowledge of project developers, investors, and technical and legal consultants in the infrastructure space
• Strong analytical and financial modeling/structuring skills
• Ability to operate in large, culturally diverse and geographically dispersed teams
• Ability to work under pressure and deliver high quality work within tight deadlines
• Ability to interact directly and independently with relevant stakeholders, including investors and government officials
• Prior experience working with public sector institutions (ministries and other government agencies, state owned companies, etc.) in emerging markets
• Willingness and ability to travel on short notice and frequently, as required
• Excellent communication skills in English is a must; knowledge of other major languages of Asia Pacific and South Asia will be considered a plus
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 the World Bank and IFC, including our values and inspiring stories.
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