Jobs
International Finance Corporation (IFC) Vacancy for an Investment Officer in Lagos, Nigeria
International Finance
Corporation (IFC),
a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector.
We help
developing countries achieve sustainable growth by financing investment,
providing advisory services to businesses and governments, and
mobilizing capital in the international financial markets. For more
information, visit www.ifc.org.
Job Title: Investment Officer
Job description
The International Finance
Corporation (IFC), the private sector arm of the World Bank Group, is
one of the leading investors and lenders in emerging markets. The
mission of IFC is to promote sustainable private sector in developing
countries, helping to reduce poverty and improve people's lives. IFC
invests in companies on its own account as well as mobilizes capital in
the international financial markets, helps clients improve social and
environmental practices and also provides technical assistance and
advice to governments and businesses.
IFC's Africa Telecom, Media
& Technology Group (CTTAL) within Telecom, Media, Technology &
Venture Investing Department (CTT) invests in private sector businesses
in various TMT sub-sectors across Sub-Saharan Africa (SSA). The Group
has a successful track record of debt and equity transactions in mobile
telephony companies, submarine cables, satellite operators, broadband
networks, independent tower companies, data centers as well as
information technology (IT) enabled services and FinTech companies.
The Group is unique for its
regional and global prospective on the TMT space, long-term approach to
investments, ability to leverage the resources of the entire World Bank
Group, as well as its commitment to maximizing the value of its
portfolio companies through sustained assistance.
Duties and Accountabilities:
The responsibilities of the Investment Officer will include but not be limited to:
• Promote IFC's investment activities in the TMT sector in SSA, with particular focus on Nigeria
• Identify viable investment opportunities that deliver both development impact and commercial profitability
• Execute financing
transactions – both equity and debt – from appraisal, valuation,
financial analysis and presenting to IFC’s internal credit review and
IFC’s board – to negotiating and closing
• Build a strong pipeline of potential investment opportunities
• Help develop and implement innovative and appropriate financial structures for complex transactions
• Lead project teams, mentor and develop junior staff
• Help build and maintain a
network of local and regional co-investors and co-lenders in order to
develop specific investment opportunities and provide funding alongside
IFC
• Help establish and maintain relationships with TMT industry players in SSA region, particularly, in Nigeria
• Manage IFC’s investments in
selected portfolio companies including monitoring and ensuring
compliance with the terms of the investment agreements, preparing timely
credit risk assessment reports and equity valuations and developing and
implementing equity sales strategies
• Collaborate in developing IFC’s strategy for various TMT sub-sectors
• Develop new initiatives for investments in the TMT sector in SSA
• Work closely with IFC's SSA regional teams to deliver IFC's investment targets and development impact.
Desired Skills and Experience
• MBA or equivalent
• At least 6-8 years of
investment experience with a proven track-record of sourcing and closing
financing transactions; TMT investment experience preferred
• Knowledge of the TMT
sub-sectors; knowledge of equity investment and/or project finance is
essential; investment transaction and/or portfolio supervision
experience in TMT sectors in emerging markets is a plus
• SSA investment experience preferred
• Sound business judgment in identifying potential business partners
• Strong financial and credit
skills; demonstrated ability to work with a variety of complex financial
instruments (debt and equity)
• Ability to interact directly
and independently with senior management of potential clients,
technical partners and senior government officials
• Existing network amongst
regional or SSA focused private equity funds, commercial and investment
banks, investment advisors and strategic investors preferred
• Successful candidates should
have the ability to work in a multi-country team, be actively involved
in multiple projects and mentor junior staff
• Genuine commitment to sustainable development
• Willingness to travel extensively
• Excellent verbal and written communication skills in English; fluency in French is a plus.
How to Apply
Click Here to Apply
For Corporate Information and
to apply to the position, please visit www.ifc.org/careers, vacancy
number 150030. Deadline is February 2, 2015. Only selected candidates
will be contacted.