Industry Analyst

Industry Analyst

Job #:

req20521

Organization:

IFC

Sector:

Investment

Grade:

GE

Term Duration:

2 years 0 months

Recruitment Type:

Local Recruitment

Location:

Washington, DC,United States

Required Language(s):

English

Preferred Language(s):

Spanish, French

Closing Date:

12/31/2022 (MM/DD/YYYY) at 11:59pm UTC

Description

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 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

IFC has embarked on an ambitious new strategy to stimulate more investment activity by Creating Markets, including in Low Income Countries and Fragile and Conflict Situations. This new strategy requires a shift in our approach to proactively create, deepen, and expand markets and projects rather than waiting for clients to propose projects for IFC to finance. Working with clients, we will first seek private sector solutions to address development challenges, where such solutions are advisable and can be effective, and reserve public financing for projects only when other options are suboptimal. This strategy also relies on upstream work with Governments and the wider World Bank Group to enable private sector solutions and financing.

The Financial Institutions Group (FIG) is one of the major industry groups at IFC, responsible for managing roughly 40% of IFC's overall business in terms of volume and capital at risk. FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered to IFC's clients through IFC's global network.

IFC's priorities in FIG as an industry group are: (i) grow investment and advisory solutions in the region, and achieve strong profitability and impact (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans and parallel loans; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players and (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; (ix) be a thought leader and innovator of products and client solutions globally.

Climate Business is one of the WBG's strategic priorities. The WBG has set a target to increase its climate business to 35% of total financing commitments by 2025. For IFC to reach its climate goals, FIG has embarked on a strategy to significantly increase its climate business through financial institutions. FIG runs a global program to provide advisory services (AS) and investment services (IS) to FIs to scale up their financing of climate friendly projects. This program comprises of technical specialists as well as investment and advisory staff who work with IFC's client FIs to build viable and scalable climate finance operations.

FIG Climate Finance Global team is seeking an Industry Analyst to be based in Washington, D.C. with relevant industry experience to help grow and develop its business, with a focus on Climate and Sustainability and emerging areas such as Paris Alignment, TCFD and the role capital markets can play in helping emerging markets access sustainable finance.

Roles & Responsibilities:

An Industry Analyst must demonstrate business sense and responsiveness in interactions with others, being able to form relationships with counterparts and mid-level clients and stakeholders to exchange information needed for transaction or portfolio processing. Specific responsibilities include, but are not limited to:

• Work with the Global Climate Head and broader team on developing new markets and business opportunities

• Help screen projects at early stages for financial viability, risk, and developmental impact

• Analyze operations and different business models in the relevant industry

• Conduct industry, market, and company research

• Participate in all aspects of IFC's deal approval process including due diligence, appraisal, and approvals

• Collaborate in developing client strategies/engagement plans and pitch books

• Prepare investment-related documents for internal and external audiences

• Assist with proactive technical monitoring of project portfolio during implementation and operational phases, completion cost, on-time completion, actual productivity, review and summarize periodic project progress and operations reports, flag major issues

• Perform analytics on markets, company performance, portfolio data and storage of market and other relevant information

• Help design and maintain proper KPI database for portfolio companies and opportunities

• Work on development and update of lessons learnt database, technical handbooks, and knowledge management materials

• Complete filing and dissemination of relevant project documentation

• Perform assessments related to Paris Alignment and Climate Risk in investments

• Contribute on advisory services engagements, particularly in relation to Paris Alignment and Climate Risk

• Assess and articulate development impact and IFC's role/ additionality in transactions; and,

• Coordinate with internal stakeholders (Legal, E&S, sector specialists and Economists) to identify ways to strengthen development impact and financial sustainability of projects.

Selection Criteria

• Bachelor's or equivalent degree with specialization in Economics and/or Finance

• At least 2-4 years of experience and track record in finance, banking, or portfolio management

• Strong financial analysis and modelling skills using Microsoft excel and ability to identify key issues

• Sound numerical, analytical, and conceptual skills encompassing finance and the associated areas of investment, risk management and corporate finance with a focus on distressed assets

• Knowledge and experience in international economic development arena and commitment to sustainable development

• Sound understanding of financial structures used to finance climate friendly projects as well as how banks, insurance companies, capital markets, and other financial intermediaries typically work in climate friendly financing

• Sound knowledge of clean energy and environmental markets and knowledge of international best practices and global trends in the industry

• Familiarity with metrics and tools for tracking climate investments, including GHG accounting

• Awareness/familiarity with IFC Climate Definitions, ICMA Principles and Climate Risk

• Emerging market exposure preferred

• Recognized as a team player

• Capacity to deal with conflicting priorities and deliver high quality work on schedule

• Ability to work successfully in multicultural teams and across boundaries

• Strong client service orientation with an openness to feedback and new ideas

• Excellent oral and written presentation skills in English are required; and,

• Willingness to travel.

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.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.