Associate Investment Officer- Santo Domingo, Dominican Republic

Job #:	122281
Title:	Associate Investment Officer
Job Stream:	Financial Sector
Location:	Santo Domingo, Dominican Republic
Closing Date:	10/21/2012
Background / General description:
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is a global investor and advisor committed to promoting projects in its developing member countries that are economically beneficial, financially and commercially sound, and environmentally and socially sustainable. IFC is recruiting an Associate Investment Officer to help develop financial sector client relationships in the Caribbean Region. The Associate Investment Officer will be a member of the Financial Markets team in Santo Domingo, with the main objective of helping the team actively manage portfolio clients, identify business opportunities, and execute transactions. The overall goal of the job holder is to maximize the impact of IFC's intervention and to contribute to the regional and/or sector industry development in our countries of operation by executing innovative, developmental and profitable investments for IFC. Significant amounts of travel within the region and globally will be required to meet the objectives of the assignment.
Duties and Accountabilities:
• Significantly contribute to IFC’s financial sector business development efforts in the Caribbean Region in accordance with the Financial Markets and regional strategy; • Build and maintain strong relationships with clients, banking and multilateral partners to further develop the sector and to develop specific investment opportunities; • Develop financial models and robust technical analyses to support credit decisions. Design products and structure potential IFC debt, equity, and quasi-equity investments; • Actively participate in the structuring, negotiating and execution of deals in a leading or supporting role; • Analyze and appraise all aspects of new investment proposals including financial, operational, commercial, legal, corporate governance, and environmental and social sustainability elements; and prepare investment recommendations where appropriate; • Prepare investment review materials and presentation to investment committee to obtain approval. Negotiate in coordination with internal and external legal advisors the legal agreements and documentations of the transaction; • Establish and maintain relationships with existing clients to ensure responsive client service and enhance new business opportunities and support portfolio supervision process including quarterly reviews. • Preparation of quarterly supervision reports and periodic reviews of financial and other reports from clients. Track compliance of portfolio clients with reporting requirements, including monitoring the flow of financial statements and other reports, monitor development results; aggregate and analyze portfolio information data; coordinate communications with the necessary departments; monitor client compliance with their legal agreement with IFC. Propose courses of action in the event of non-compliance; Travel to visit and supervise investments in portfolio companies. • Conduct industry and market research and assist in IFC's business development efforts. • Identify and evaluate opportunities to increase the social development impact of new or portfolio projects.
Selection Criteria:
The ideal candidate will have: • MBA or equivalent degree with specialization in finance; • Professional experience (3+ years) in finance with a proven track record of sourcing, structuring and closing investments; • Strong financial, analytical, and credit assessment skills, sound knowledge of loan investment documentation, accounting, financial statement analysis and financial modeling; • Sound business judgment, strong interpersonal skills and the ability to manage multiple client relationships and investment projects simultaneously; • Ability to multi-task, deal with conflicting priorities and deliver high quality work on schedule; • Ability to interact directly and independently with the management of potential clients and of financial and technical partners; • Motivation to work in a development institution and commitment to sustainable private sector development; • Ability to work effectively under pressure in multicultural, matrix and multi-disciplinary team, with a strong organizational time management skills; • Excellent written and verbal communication and presentation skills, including complete fluency in Spanish and English. • Previous experience with IFC systems (MFA, I-desk, EPMS) a strong plus. As a representative of the World Bank Group, all professional activities are expected to be consistent with our Core Values: personal honesty, integrity, commitment, working together in teams -with openness and trust; empowering others and respecting differences; encouraging risk-taking and responsibility; enjoying our work and our families. Details (vacancy # 122281) are available in the World Bank Careers website: www.ifc.org, click on ‘Careers’ and then on ‘Current opportunities. Applications should be sent in English. All applications must be submitted through this website. The World Bank Group is committed to achieving diversity in terms of gender, nationality, culture and educational background. Individuals with disabilities are equally encouraged to apply. If selected, open-ended staff will retain status. Applications without a cover letter will not be considered. Cover letter should clearly describe the relevant results the candidate has delivered in prior positions, rather than simply listing responsibilities. All applications will be treated in the strictest confidence. Only short-listed candidates will be contacted. The contract for this position has an initial duration of 2 years (renewable), with a one-year probation period and subject to be renewed. This is local hire (paid in local currency). The appointee will be stationed in Santo Domingo in the Dominican Republic. Closing date is October 21, 2012.
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