International Finance Corporation, Sao Paulo, Brazil
Closing Date for Applications:
- 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 2020, we invested $22 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.
- 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.
- The Brazil Infrastructure unit is an open and dynamic team, that originates, structures and commits financing to infrastructure projects across a number of sectors including energy, transportation, water and waste, telecom and technology, subnational infrastructure and natural resources. We are seeking an Investment Officer to support our new business sourcing, investment, and portfolio management activities in Brazil. The selected candidate will be based in Sao Paulo reporting to IFC’s Regional Lead for the Infrastructure team in Brazil and to the LAC Infrastructure New Business Manager.
Roles and Responsibilities:
The responsibilities of the Investment Officer include but are not limited to:
- Contribute to the development and periodical revision of IFC’s infrastructure sector strategy in Brazil
- Promote IFC's investments in the Infrastructure sector in Brazil.
- In cooperation with IFC global Industry teams, build a strong pipeline of potential investment opportunities.
- Identify and support the execution of viable investment transactions which maximize development impact as well as profitability.
- Process transactions which shall include conducting company due diligence, valuation, financial analysis, and transaction structuring.
- Analyze prior transactions and track record with specific clients to develop input for future business opportunities.
- Provide thought leadership in developing and implementing creative financial structures and local currency products appropriate for the sector in Brazil.
- Lead project teams, mentor and develop junior staff.
- Gather market intelligence to stay informed of emerging trends in Infrastructure sub-sectors in Brazil; Identify business models and opportunities for new approaches that can accelerate private sector participation and development impact within a region;
- Support “upstream” initiatives, including work on key project agreements and project structures. “Upstream” initiatives create, deepen, and expand markets, and require the imagination, design and implementation of investment projects.
- Maintain relationships with clients and other stakeholders (government, development partners and banks, the World Bank Group) who are at a level where they can influentially participate in developing immediate and future business opportunities;
- Help to build and maintain a network of global and regional co-investors and co-lenders to develop specific investment opportunities and to provide funding alongside IFC.
- Support the World Bank Group’s initiatives targeting increased internet access in under-served regions across emerging markets.
- 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.
- 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.
- 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.
- Knowledge of the Infrastructure sector and sub-sectors; equity investment and/or project finance investment transactions and portfolio experience in emerging markets and Brazil is essential.
- Ability to review the financial analytical work performed by team members, including for complex transactions, based on in-depth analytical and financial analysis; experience to know what to look for in efficiently ensuring quality control; and directing the appropriate analysis to understand risk factors in a project.
- Sound business judgment in identifying potential business partners.
- Strong financial and credit skills; demonstrated ability to work with a variety of complex financial instruments (corporate and project financing, mezzanine financing and equity).
- Ability to interact directly and independently with the senior management of potential clients, technical partners and senior government officials.
- Ability to build, maintain and strategically leverage extensive network in Brazil private equity funds, commercial and investment banks, investment advisors and strategic investors to open doors for new venture opportunities.
- Successful candidates should have the ability to work in a multi-country team, to actively be involved in multiple projects and to mentor/ supervise junior staff.
- Capacity to understand, enable, and participate in market creation opportunities for multiple countries by demonstrating long-term perspective, open-mindedness, persistence, innovation, and ability to leverage all available tools (including de-risking tools); good understanding of the roles and value-add of IFC and the World Bank Group in new markets.
- Genuine commitment to sustainable development.
- Willingness to travel.
- Excellent verbal and written communication skills in English and Portuguese. Ability to describe complex issues, approaches, and lessons in a manner that is relevant and understandable to clients/stakeholders. Fluency in Spanish is a plus.