Associate /Investment Manager

  • Competitive
  • Washington D.C., DC, USA Washington D.C. DC US
  • Permanent, Full time
  • IFC Asset Management Company
  • 19 Sep 18 2018-09-19

The IFC Financial Institutions Funds make growth equity investments in financial institutions (banks, insurance companies, and non-bank financial institutions) operating in emerging markets globally.

Background & General Description:

IFC Asset Management Company, LLC (AMC), a wholly-owned subsidiary of IFC, mobilizes and manages capital for investment in emerging markets.  AMC was created in 2009 to provide investors with access to IFC’s emerging markets investment pipeline and to expand the supply of long-term capital to these markets, enhancing IFC’s development goals and generating profits for investors by leveraging IFC’s global reach, standards, investment approach, and track record.  AMC currently has US$10 billion under management through 13 investment funds that invest across a variety of sectors, geographies, and strategies.  The strategies of the current AMC-managed funds cover equity and subordinated debt for commercial banks and other financial institutions; equity for infrastructure companies and projects; growth equity for generalist companies and projects in select regions; and fund investing in the resource efficiency space.  AMC plans to raise and manage additional funds in the future, each with a focus on a particular sector, region or product within the emerging markets.

IFC’s investment departments support AMC by providing certain investment origination, execution, and supervision services, while all investment and portfolio decisions for funds under management are taken independently by AMC.

Please see AMC’s website at www.ifcamc.org for more information on AMC’s business.

Role & Responsibilities :

The IFC Financial Institutions Funds make growth equity investments in financial institutions (banks, insurance companies, and non-bank financial institutions) operating in emerging markets globally. 

AMC is looking to hire an Associate/Investment Manager for the IFC Financial Institutions Funds (FIG Funds).  The successful candidate will report to the Fund Heads and will be responsible for:  (i) Working with the Fund Heads and other AMC team members to structure and negotiate investments and develop a solid and well balanced investment portfolio;  (ii) Assist the team in supervising the ongoing performance of the funds’ portfolio companies, and structuring and executing divestitures; and (iii) maintaining a strong relationship with the fund’s investors and with IFC investment teams and assist in providing timely delivery of information.

In particular, the Associate/Investment Manager will:

  • Evaluate potential new investment transactions and assist AMC and IFC investment teams in the valuation, structuring, due diligence, negotiation, legal documentation and all phases of closing selected transactions;
  • Monitor portfolio companies and develop recommendations regarding portfolio actions including operational value creations, and divestitures;
  • Develop and track a pipeline of potential fund investments in coordination with IFC’s business development teams and regional offices;
  • Assist in presentation of investment proposals to the fund’s Investment Committee, articulating the detailed investment rationale and making concrete recommendations regarding proposed investments;
  • Work closely with the Fund Head and AMC’s Chief Operating Officer in implementing effective fund administration, including investor liaison and reporting.
  • Establish strong credibility with investee companies, IFC staff and the fund’s investors.

 

 

 

Selection Criteria & Competencies :

 

The successful candidate is likely to have worked for a private equity firm, consulting firm, and/or financial institutions with preferably, an emerging market focus. He/she will have experience in valuation, structuring transactions, portfolio management and business strategy. 

He/she will possess: familiarity with international best market practices and global trends in emerging markets; strong analytical skills, with experience in financial modeling; experience in structuring private equity deals, including an ability to mitigate risks and enhance returns; and expertise in negotiating complex deals.

The successful candidate will have the following qualifications:

  • M.B.A or equivalent degree;
  • 3+ years relevant experience in a financial institution and/or private equity firm, focusing on principal investments (preferably in financial services sectors) and/or emerging markets;
  • Strong analytical and investment assessment skills, and sound knowledge of equity investment documentation, accounting, financial statement analysis and financial modeling (building projections, running valuation and scenario/return analysis);
  • Sound business judgment and problem solving, negotiation and commercial skills;
  • Ability to work effectively under pressure in a diverse, team-oriented environment;
  • Excellent oral and written communication skills in English are required, including a demonstrated ability to communicate complex ideas clearly and tactfully to a variety of audiences; fluency in other languages (e.g. French, Spanish, Portuguese, Chinese) would be a plus; and
  • A willingness to travel frequently is required.

NOTE: The selected candidate will be employed either directly by AMC, which is a distinct legal entity from IFC, or

 by IFC itself.

For External Applications

External Applicants (non-World Bank Staff) MUST NOT submit application through Job World.  Please send your cover letter and resume via e-mail to AMCRecruit@ifc.org

IFC Asset Management Company, LLC is an equal opportunity employer.