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| Associate, IFC Capitalization Fund - 091951 |
Basics | Job #: | 091951 | | Title: | Associate, IFC Capitalization Fund | | Job Stream: | Investment | | Location: | Washington, DC | | Close Date: | 08-Nov-2009 |
| Background / General description: | | International Finance Corporation (IFC), a member of the World Bank Group, has created a new subsidiary to serve as a private equity platform for managing third-party capital in emerging markets. The wholly-owned subsidiary, IFC Asset Management Company LLC (AMC), is managing the $3 billion IFC Capitalization Fund, which invests in commercial banks that are systemically important for their domestic economies. It will also manage a new $1 billion private equity fund that will allow national pension funds, sovereign funds, and other investors from IFC s shareholder countries to co-invest in IFC transactions in Africa, Latin America and the Caribbean across a broad range of sectors. In addition, AMC is expected to serve as the manager of other private equity funds in the future.
The IFC Capitalization Fund makes subordinated loan and equity or equity-linked investments in major banks that are privately-owned or those that are state-owned and on a clear path to privatization. IFC s Financial Markets Department is assisting AMC in originating, executing and supervising the fund s investments, but all investment and portfolio decisions will be taken entirely by AMC. AMC is in the process of raising further capital for regionally focused parallel funds that will co-invest with the global Capitalization Fund. | Duties and Accountabilities: | | AMC is looking to hire an Associate for the IFC Capitalization Fund. The Associate will report to the Fund Head and will be responsible for (i) working on AMC/IFC investment teams; (ii) working with the Fund Head and other AMC team members to generate, structure and negotiate a solid and well balanced investment portfolio; and (iii) maintaining a good relationship with the fund s investors and with IFC investment teams working with the fund.
In particular, the Associate will:
Establish strong credibility with investee companies, IFC staff and the
fund s investors;
Develop and track a pipeline of potential fund investments in coordination
with IFC s business development teams and regional offices;
Provide input for deal structuring and negotiation to AMC and IFC
investment teams;
Lead presentation of investment proposals to the fund s Investment
Committee, articulating the detailed investment rationale and making
concrete recommendations regarding proposed investments;
Monitor portfolio companies and develop recommendations regarding
portfolio actions including divestitures;
Participate in fund raising activities both for the fund and for other AMC
managed funds; and,
Work closely with the Fund Head and AMC s Chief Administrative Officer
in implementing effective fund administration, including investor liaison
and reporting. | Selection Criteria: | | The successful candidate is likely to have worked for a major bank with significant emerging markets presence, an international financial institution or a private equity firm, ideally with a focus on the financial services sector. He/she will have significant experience in (i) private equity transactions and/or mergers and acquisitions in the banking sector, including in emerging markets; and (ii) a strong understanding of, and practical experience in, valuation, structuring, portfolio management and business strategy.
The successful candidate will possess: familiarity with international best market practices and global trends in the banking sector; an understanding of diverse banking issues and an ability to assess all aspects of a bank s operations (e.g. credit/treasury, strategy, product development, regulation); 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.
Other desirable attributes include:
M.B.A or equivalent degree;
Minimum of four years relevant experience in financial institutions,
focusing on corporate finance and bank-related transactions;
Demonstrated teamwork skills and a business mind-set with a “can-do”
attitude and the ability to make tough decisions under pressure;
Strong analytical and credit assessment skills, and sound knowledge of
loan/investment documentation, accounting, financial statement analysis
and financial modeling;
Ability to multi-task, deal with conflicting priorities and deliver high quality
work on schedule;
Sound business judgment and problem solving, negotiation and
commercial skills;
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.
Japanese, Arabic, French, Spanish, Russian) would be a plus; and,
A willingness to travel frequently is required.
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NOTE: The selected candidate will be employed directly by AMC, which is a distinct legal entity from IFC. While the initial job post is based in Washington DC, the position may be relocated outside of the U.S. after 12 months.
IFC Asset Management Company, LLC is an equal opportunity employer. |
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