Investment Officer, LAC Infrastructure / TMT
International Finance Corporation (IFC)
Location: Bogota (Colombia)
Grade: GG, Mid-level Professional
A Hardship
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Added 6 days ago
Job Description

Description

IFC—a sister organization of the World Bank and 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 2019, we invested more than $19 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org

Infrastructure is one of IFC's strategic priorities. IFC’s Infrastructure department supports the World Bank Group’s aim of improving access to efficient, reliable and affordable infrastructure for the poor in emerging markets. The team is responsible for originating and managing IFC’s investment activities in the following sectors: Power Generation, Distribution and Transmission, Mining, Transport & logistics, Telecommunications, Water, Waste, Privatized Public Services and other Subnational/Cities financing. IFC’s focus in the sector is on: (i) increasing access to basic infrastructure services; (ii) supporting local companies, while improving transparency and corporate governance; (iii) exploring new equity and debt investment opportunities and catalyzing foreign direct investments, including co-investments and mobilizing syndicated and parallel loans; (iv) introducing and developing new financial products including through Public Private Partnerships; and (v) building long-term partnerships with strong global and regional players.

IFC's Telecom, Media, and Technology (TMT) Investments group within the Infrastructure Department, invests in private sector companies across various TMT sub-sectors. The selected candidate will have the opportunity to primarily work on leading TMT investment activities across the Latin America and Caribbean (LAC) region, reporting to the LAC Infrastructure New Business Manager. IFC’s infrastructure investments in the TMT space comprises successful investments in mobile telephony companies, submarine cables, broadband networks, independent tower companies, and data centers.

To expand IFC’s investments in the TMT sector in the LAC region, IFC seeks an investment professional, to be based in Bogota, Colombia or Mexico City, Mexico.

Role & Responsibilities:

The Investment Officer will work closely with the TMT Lead in LAC, and other TMT/Infrastructure colleagues based in the region and in Washington, DC, on business development, transaction execution, portfolio supervision, and client relationship management.

The responsibilities of the Investment Officer include but are not limited to:

  • Contribute to developing strategies for TMT sectors for business origination
  • Contribute in developing a strong pipeline of good quality LAC TMT investment opportunities through proactive origination/business development and developing and employing sector/country knowledge.
  • Assess the attractiveness of specific investment opportunities with a strong focus on credit quality and development impact and make recommendations to IFC’s management.
  • Execute loan, equity, and mezzanine financings including processing mandates, conduct due diligence, structuring deals, negotiate terms and documentation, arrange syndications, and process internal approvals
  • Work closely with IFC’s specialists to manage environmental, social, technical, legal, insurance, corporate governance, and other risks in projects and champion IFC’s sustainability offerings to clients.
  • Together with the portfolio management team and as needed, manage IFC’s investment in select portfolio companies, providing effective management of portfolio assets while developing long lasting client relationships, and possibly new business.
  • Monitor clients’ compliance with the terms of investment agreements, prepare timely supervision reports, identify early warning signs, and, when necessary, formulate/implement strategies for workouts, restructurings or rescheduling.
  • Provide high quality client service throughout the project cycle from transaction sourcing and processing to supervision
  • Gather market intelligence to stay informed of emerging trends in TMT sub-sectors in LAC; Identify business models and opportunities for new approaches that can accelerate private sector participation and development impact within a region.
  • Develop and maintain relationships with potential and existing clients and other stakeholders (government, development partners, WBG) with the objective of developing business opportunities.
  • Develop strong understanding and knowledge of the World Bank Group’s various products that support our “Creating markets” mandate, thus opening the door for future investments and development of various Infrastructure sectors over the next 3-5 years, in accordance with IFC country strategies.
  • From time to time and depending on workload and team needs, work on transactions in other infrastructure sectors.

Selection Criteria

  • MBA or equivalent qualification.
  • At least 8-10 years of relevant experience in the financial sector, preferably in an investment related function with a proven track-record of sourcing and closing deals. Private equity and/ or project finance experience preferred.
  • Experience in investment transaction, with proven success in developing client relationships as well as sourcing, negotiating, structuring and closing quality investments
  • Knowledge of the TMT sectors; equity investment and/or project finance investment transactions and portfolio experience in the TMT sectors in emerging markets is highly desirable.
  • Knowledge of other core infrastructure sectors is desirable (transport, energy, water etc)
  • Strong business judgment in identifying potential business partners;
  • Strong financial and credit skills; sound business judgment and demonstrated ability to structure a variety of financial instruments (corporate finance, project finance, debt and equity);
  • Client relationship skills, track record and ability to focus on client needs effectively;
  • Ability to interact directly with the senior management of clients, financial and technical partners as well as senior government officials;
  • Ability to work in a multi-country team, to actively be involved in multiple projects and to mentor/ supervise junior staff
  • Ability to build and maintain extensive network amongst different geographies focused private equity funds, commercial and investment banks, investment advisors and strategic investors to open doors for new venture opportunities
  • Excellent organizational, administrative, and time management skills;
  • Proven ability to work independently and deliver promptly and efficiently under pressure and meet tight deadlines;
  • Genuine commitment to sustainable development.
  • Willingness to travel extensively
  • Excellent verbal and written communication skills in English and Spanish. Ability to describe complex issues, approaches, and lessons in a manner that is relevant and understandable to clients/stakeholders

Female candidates and candidates from diverse ethnic backgrounds are strongly encouraged to apply.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

About IFC

The International Finance Corporation is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in developing countries.

IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused exclusively on the private sector in developing countries. The Bank Group has set two goals for the world to achieve by 2030: end extreme poverty and promote shared prosperity in every country.

IFC leverages its products and services—as well as products and services of other institutions across the World Bank Group—to create markets that address the biggest development challenges of our time. 

IFC is a leading mobilizer of third-party resources for projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources.