|Recruitment Type:||Local Recruitment|
|Location:||Kinshasa, Congo Democratic Rep|
DescriptionThe International Finance Corporation (IFC), member of the World Bank Group (WBG), is the largest global development institution focused on the private sector in emerging markets. The (WBG) is one of the world’s largest sources of funding and knowledge for developing countries. It uses financial resources and extensive experience to help countries reduce poverty, increase economic growth, and improve quality of life.
IFC works with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org.
IFC is recruiting an Investment Officer (IO) to be based in IFC Kinshasa office, Democratic Republic of Congo (DRC). The IO will identify business opportunities in the DRC and the Republic of Congo (Congo-Brazzaville). He/she will also conduct early screening of prospective investment and advisory projects, and preliminary assessments in close collaboration with IFC industries teams. He/she will be involved in transaction execution as required. He/she will assist the Country Manager and the Country Representative in the formulation of strategies for the countries in the sub-region, including notably the Systematic Country Diagnostics (SCDs) and the Country Partnership Frameworks (CPFs) in collaboration with WBG teams. He/she would follow-up on various engagements with development partners, business partners, and government representatives to further enhance IFC’s financial and development impact. As required, he/she will also handle administrative matters related to the day to day management of the IFC Kinshasa office. He/she will provide guidance for the management of portfolio projects and input for the structuring of new projects, especially as it related to their alignment with the strategic objectives of the WBG in the DRC and Congo-Brazzaville and IFC’s new global corporate strategy (IFC 3.0)
The IO will report to the IFC Resident Representative in Kinshasa office which is under the coverage of the IFC Douala sub-regional offices (Cameroon, Central Republic of Africa, Chad, Democratic Republic of Congo, Equatorial Guinea, Gabon, Republic of Congo and Sao Tome & Principe). The position involves frequent travels.
Role & Responsibilities:
• Proactively develop a strong pipeline of good quality investment opportunities through anticipating market trends and employing sector/country knowledge;
• Develop market knowledge to ensure that IFC is working with the right sponsors. Take accountability for client selection and conduct the integrity due diligence of potential sponsors. Develop and maintain relationships with potential clients and identify business opportunities, while taking into account IFC’s strategy, priorities and products;
• Demonstrate or quickly acquire a thorough understanding of the assigned countries, provide market intelligence and analysis, and develop strong business networks;
• Build and maintain strong relationships with portfolio clients, global and regional private businesses (in financial and real sectors), multilateral partners, and government officials to further develop investment opportunities in economic sectors with high developmental impact;
• Assist with strategy formulation, and maintain collaborative working relationships across the WBG;
• Assist in monitoring portfolio projects in collaboration with Industries teams;
• Develop a strong understanding, and actively market and utilize IFC’s Advisory Services’ offering (AS);
• Prepare relevant strategy papers, briefs, summaries, working papers, reports and promotional materials for internal and external users, in coordination with the Communications Team;
• Assists in the preparation of conferences, seminars, workshops, corporate events;
• Support office administration as needed;
• Provide in-country support, and subsequent follow-up to IFC visiting missions;
• Perform other such duties as may be required from time to time to meet emerging, ad-hoc corporate requirements, and/or respond to internal or external requests.
Selection Criteria• A post-graduate degree in one or more of the following disciplines: economics/ finance/ business management;
• 6+ years of relevant field and investment experience. Experience working with both the public and private sectors is a plus;
• In-depth knowledge of Investment and Advisory instruments, experience in work programming, budgeting, task management. Work experience in Africa and in MAS sectors is a plus;
• Proven track record in nurturing client relationships; business development;
• Strong business development and client relationship skills, track record and ability to focus on clients‘ needs effectively, notably in a fragile business environment;
• Sound business judgment in identifying potential business partners;
• Strong financial and credit skills; demonstrated ability to conduct the necessary preliminary financial assessment of investment requests;
• Ability to interact directly and independently with the senior management of potential clients, of financial and technical partners as well as senior government officials;
• Excellent written and oral skills in English and French, with ability to communicate effectively in both languages with a variety of audiences;
• Strong analytical and presentation skills, working with data, and using standard Microsoft Office programs (Excel, Word, PowerPoint);
• Strong inter-personal skills, and ability to interact effectively with clients and colleagues from various cultural backgrounds;
• Ability to work in teams, deliver high quality work within deadlines, and to meet team objectives;
• Highly motivated, and committed to the highest ethical standards;
• Genuine commitment to sustainable development;
• Willingness to travel extensively and geographic flexibility;
• Ability to handle multiple demands under pressure;
• Ability to work across different units of the WBG.The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.