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Investment Officer - Porfolio Management, Johannesburg, South Africa

Job #:140028
Title:Investment Officer - Porfolio Management
Job Stream:Portfolio Management
Location:Johannesburg, South Africa
Closing Date:01/23/2014
Background / General description:
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. We create opportunity for people to escape poverty and improve their lives. We do so by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development. 

IFC’s Portfolio Management team in Sub-Saharan Africa is recruiting an Investment Officer who will be responsible for managing a cluster of portfolio investments (equity and loan) across all industries, until exit. The position is based in Johannesburg, South Africa, and will report to the Manager, Portfolio Management, Sub-Saharan Africa.
Duties and Accountabilities:
• Maintain and nurture good relationships with the existing clients. Understand and proactively manage client needs while looking out for IFC’s interest;

• Liaise with support departments such as Legal, Credit and E&S to ensure the existing projects are adhering to IFC’s policies and standards;

• Help the Portfolio Manager formulate and execute client strategies; 

• Understand and apply IFC’s Portfolio Operations and Supervision processes;

• Independently process disbursements, waivers and other ongoing project related activities;

• Prepare quarterly internal supervision reports for the assigned projects ;

• Monitor and ensure compliance of existing investments with the investment agreements;

• Effectively value the existing equity investments (strong financial modeling skills are required); 

• Identify early warning signals for the assigned projects and where necessary, formulate and implement intervention strategies for work-outs, restructuring or rescheduling;

• Monitor equity holdings and develop and implement sales strategies to maximize IFC return and development impact; 

• Ensure any downside risk is mitigated via relevant strategies, appropriate management actions, or through use of market based risk management instruments and strategies;

• Identify opportunities for further business with existing clients in the areas of investment, technical assistance activities (e.g. linkages, sustainability) and financial services (e.g. carbon credits, clean technology);

• Conduct sector and market research and assist in the preparation of country and sector strategy papers, briefs and project profiles. This would require working closely with the World Bank country and sector teams;

• Extract and feedback lessons of experience from IFC’s earlier investments;

• Mentor junior Infrastructure Department staff in the IFC South Africa Country Office.
Selection Criteria:
• MBA degree or equivalent and 7+ years’ experience in project and corporate finance, including successful promoting and processing of investments; 

• Strong financial and credit analysis skills including financial modeling skills;

• Demonstrated ability to structure projects and to close transactions; prior experience in working with clients after the initial investment has been made will be a substantial plus;

• Strong interpersonal and leadership skills, and the ability to work successfully in multicultural teams and across boundaries;

• Highly motivated, committed to highest ethical standards;

• Strong sense of service to clients, openness to feedback and to new ideas;

• Excellent communication skills in English; candidates with French language skills have a competitive advantage;

• Committed to IFC’s goals and mission.
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