Economist - Private Equity and Venture Capital Funds

Economist - Private Equity and Venture Capital Funds

Job #:

req20724

Organization:

IFC

Sector:

Private Sector Development

Grade:

GF

Term Duration:

3 years 0 months

Recruitment Type:

International Recruitment

Location:

Washington, DC,United States

Required Language(s):

English

Preferred Language(s):

Closing Date:

1/27/2023 (MM/DD/YYYY) at 11:59pm UTC

Description

IFC-a member of the World Bank Group-is the largestglobal development institution focused on the private sector in emergingmarkets. We work in more than 100 countries, using our capital, expertise, andinfluence to create markets and opportunities in developing countries. Infiscal year 2022, IFC committed a record $32.8 billion to private companiesand financial institutions in developing countries, leveraging the power of theprivate sector to end extreme poverty and boost shared prosperity as economiesgrapple with the impacts of global compounding crises. For moreinformation, visit www.ifc.org

The Development Impact Measurement Department (CDI) is part of the Economics & Private Sector Development Vice Presidency. This department analyzes economic sectors with a view to identifying opportunities and solutions for private sector development; and works closely with IFC Operations in formulating sector priorities and strategies. It provides technical support to operations related to structuring, appraising, and monitoring investment and advisory projects and is responsible for reporting on IFC's impact. The department implements the ex-ante project assessment framework (Anticipated Impact Measurement and Monitoring- AIMM) for investment and advisory projects throughout the project cycle, helps ensure high-quality economic support for IFC operations teams on strategies and projects; and develops sector economic analyses with a focus on solutions for private sector development.

The CDI Department is offering a position for the unit working the Disruptive Technologies and Funds industry group (CDIDF). The Economist will support the different facets of the department's work program. This involves leading the implementation of the IFC impact measurement end-to-end system, including the AIMM framework, the monitoring and the ex-post evaluation work, as well as contributing to sector economics and econometric analytical work pertaining to the telecom and disruptive technology sectors. S/he will work closely with economists within the team, as well as regional and IFC support department counterparts. S/he will also participate in a range of other corporate functions within CDI.

Role & Responsibilities:

• Articulate and measure the development and economic impact of the Private Equity and Venture Capital Funds industry. The work will include working with IFC's Investment Officers to collect and analyze project data, apply the appropriate frameworks based on data and research, create narratives that support the articulation of project impacts, and rate projects.• Lead IFC's Anticipated Impact Measurement and Monitoring framework (AIMM) to assess the impacts for the above industries - including ex-ante assessments, project monitoring, XPSRs and ex-post evaluation.• Lead the day-to-day project management of development impact assessments in these industries, including quality oversight, stakeholder management, team supervision, participation in IFC investment review process, analysis, and research. • Provide expert advice and support to operational teams and managers on trends, key risks, and sector analysis during the project life cycle.• Lead the contribution to various Strategy and Business Plan documents (e.g., Upstream, Strategy and Deep Dive Presentations, Country Private Sector Diagnostics, IFC's support to WBG reports); support peer reviews of WBG and IFC papers on these topics.• Supervise a team of junior economists and consultants to support the workplan above.

Selection Criteria

• Master's degree in Economics or related field from a reputable university, is required. • 5 to 8 years of experience demonstrating analytical and economics skills, with experience in both DFIs and the private sector (e.g. investment banking, private equity and venture capital funds).• Subject matter expertise: previous experience in evaluating the economic and development impact of projects on private equity and venture capital funds; experience on disruptive business models and digital platforms, particularly in emerging markets, and in relation to DFIs is a bonus. • Strong familiarity with academic and business literature on private equity, financial markets, digital economy, and on PE and VC metrics - demonstrated through the preparation of reports and models using this data. Proven knowledge of related databases and other sources of information;• Experience in IFC or similar multi-lateral development institutions with proven success in developing client relationships and supporting high quality investment and advisory projects; • Proven experience and good understanding of investment/advisory projects' development outcome assessment and processes methods. Knowledge of IFC's Anticipated Measurement and Monitoring system and Knowledge of DFIs' additionality frameworks is a plus• Proven ability to analyze and apply economic theory and principles to areas related private equity, financial markets, digital economy.• Strong analytical and quantitative skills. Proven capability to handle complex assignments (e.g. project related or analytical tasks with operational relevance) and produce analytical work to a high professional standard, with minimum supervision,• Understanding of new disruptive technologies and their impact and risks for private investors and firms - demonstrated through a good grasp on theory change as well as the evaluation and measurement of impacts projects in this field,• Ability to innovate, develop innovative solutions with others, and to deliver results for clients by proactively addressing clients' stated and unstated needs,• Proven ability to work in teams and capability to work in multi-cultural environments. • Excellent written and verbal communication skills in English and ability to communicate effectively with different stakeholders.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

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