Background / General description:
The International Finance Corporation (IFC), a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. IFC fosters sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments. For more information, please visit www.ifc.org.
The IFC Lagos Office is looking to recruit an experienced Investment Officer/Senior Investment Officer (IO/SIO) for its team. Reporting to the Country Manager of the IFC Lagos office, IO/SIO will serve as a key counterpart to the IBRD/IDA on areas of joint collaboration and will be responsible for leading certain aspects of the IFC Investment and Advisory Services program in the country along with business development and relationship management with key stakeholders. In particular, the IO/SIO will spend a significant amount of time supporting the Public Private Partnerships Department which provides advisory assistance, primarily to governments, on Private-Sector Participation (PPP) in infrastructure and other public services, as well as the restructuring of state-owned enterprises. The services help to establish Public-Private Partnerships through which governments can obtain increased services under budget constraints while benefiting from private sector expertise, management, and finance. This involves intensive relationship management with government, business representatives and World Bank Group stakeholders. The position involves frequent regional and some international travels.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 5 year term appointment.
Duties and Accountabilities:
These will include but not be limited to:
Represent IFC vis-a-vis the Government (federal and state level), donor and business community. Maintain strong relationships with key ministries, agencies, and business community. Ensure that the Government, international and business community have awareness of IFC’s products and value addition, including investment and advisory products and the standards and requirements.
In cooperation with regional management and regional strategist, support development and execution of the WBG country strategy. Report on IFC activities in the country for management.
Develop partnership with WB Country Office and relevant project teams to achieve WBG country goals, including input on Private Sector Development. Identify and encourage opportunities for cooperation within WBG.
Lead business development for investment projects, engage in project financial analysis with investment teams as an integral member for investment and support portfolio teams for the life of the project. Participate in missions, concept review meetings, and appraisal of projects.
Liaise with IFC investment teams to monitor progress and performance of projects and to solve potential problems. Identify and help address key country and sponsor reputational risks.
Oversee less experienced staff on project teams, ensuring quality execution, good client service, and development of staff;
Assist in the design of TOR for specialized consultant support to project teams, and in the selection and management of consultants;
Lead technical, legal, regulatory, financial and commercial assessment of advisory transactions;
Participate and lead in the structuring of alternative solutions for client governments, which sustainably balance the needs of commercial investors and operators with the client’s public policy objectives