Senior Insurance Officer- Istanbul, Turkey

Job #:	120157
Title:	Senior Insurance Officer
Job Stream:	Risk Management
Location:	Istanbul, Turkey
Closing Date:	02/27/2012
Background / General description:
If the selected candidate is a current World Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 2-year renewable term appointment. 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. In fiscal 2011, amid economic uncertainty across the globe, we helped our clients create jobs, strengthen environmental performance, and contribute to their local communities—all while driving our investments to an all-time high of nearly $19 billion. IFC’s Insurance Services Group is looking to recruit a Senior Insurance Officer with expertise across a broad range of industry sectors (including Infrastructure and Natural Resources, Manufacturing, Agribusiness and Services as well as Financial Markets) to join IFC’s Operations Center in Istanbul, Turkey.
Duties and Accountabilities:
• Establish, evaluate and monitor the insurance coverage of IFC’s investments and potential investments, including carefully identifying and assessing project risks and exposures as well as drafting a sustainable risk transfer proposal • Negotiate insurance coverage with project sponsors • For some investments, discuss the risk review findings and agreed insurance structure with participant banks • Draft insurance provisions in legal investment documentation • Provide assistance to clients to achieve positive and sustainable development whilst developing local insurance markets in emerging countries • Occasionally provide guidance to clients in handling insurance claims • As part of business development initiatives, assist IFC investment staff and provide relevant risk and insurance management value-added services • Occasionally deliver risk & insurance management presentations within, and outside, IFC • Travel within the region as business needs require.
Selection Criteria:
• Advanced university degree (engineering, business administration, finance, law, economics or equivalent) • Minimum 10 years of working experience in sophisticated construction and operational phase insurance • Applied knowledge of risk management techniques • Operational or consultancy experience in emerging countries • Proven ability to effectively multi-task • Strong team player with ability to work independently when needed • Excellent oral and written English skills: fluency in second language, preferably Russian, Spanish, Arabic, Chinese or French Applications must be submitted online. Only those candidates selected for the interview process will be contacted. Candidates can check the status of their applications by visiting www.ifc.org/careers.