IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY15, our long-term investments in developing countries rose to nearly $18 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org.
IFC’s PPP Transaction Advisory Services department (CASPP), part of the Cross-Cutting Advisory Solutions department (CASDR), provides sell-side financial advisory services and acts as lead transaction advisor to governments and other public sector clients to structure and implement public-private partnership (PPP) transactions, primarily for public services. Its aim is to increase access to basic infrastructure (electricity, water, transportation and telecommunications) and social services (health and education) and facilitate private sector investment.
CASPP, in conjunction with IFC’s Infrastructure Investment department and other teams from across the World Bank Group, has developed a program called Scaling Solar. Scaling Solar brings together a suite of World Bank Group services under a single engagement aimed at creating viable markets for solar power in each client country. The ‘one-stop-shop’ program aims to make privately funded, grid-connected solar projects operational within two years and at competitive tariffs. When implemented across multiple countries, the program will create a new regional market for solar investment.
The Scaling Solar package includes
- Advice to assess the right size and location for solar PV power plants in a country’s grid.
- Standardized tendering to ensure strong participation and competition from committed industry players.
- Fully developed templates of bankable project documents that can eliminate negotiation and speed up financing.
- Competitive finance and insurance attached to the tender, delivering competitive bidding and ensuring rapid financial close post-tender.
- Risk management and credit enhancement products to lower financing costs and deliver power at lower tariffs. More information on Scaling Solar can be found at: http://www.scalingsolar.org/
CASPP is looking to recruit an Investment Analyst for its sub-Saharan Africa team who will support the implementation of the Scaling Solar across sub-Saharan Africa and with the whole PPP transaction process of IFC. The team focuses on advising on the following types of transactions across all infrastructure sectors with a particular focus on energy and transport
- Public-Private Partnerships e.g. BOT type concessions;
- Management and lease contracts; and
- Restructuring and privatization of state-owned enterprises
The position is based in Nairobi and reports to the Regional Manager for PPP Transaction Advisory Services in sub-Saharan Africa. Note: If the selected candidate is a current 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 term appointment.
Background / General description
The Investment Analyst will work closely with team leaders as part of the project team to assist in the origination, due diligence, structuring, negotiation and bidding of infrastructure projects.
Duties will include, but will not be limited to
- Contribute to origination and marketing activities including preparation of pitch books and proposals;
- Prepare memos and documentation for internal approval and consultant procurement processes;
- Perform financial analysis and modeling;
- Assist in due diligence management, preparation of due diligence and transaction structuring reports, and review of legal, commercial, and technical outputs and documentation;
- Assist in preparation of information memorandums, pre-qualification and tender documentation;
- Assist in marketing to potential investors, conducting international competitive tenders and commercial/financial closure;
- Participate in meetings with government clients and investors; and
- Assist in other project or strategy related activities as the need may arise (researches, reporting, etc.).
Duties and Accountabilities
- Undergraduate degree in Finance or Accounting or a related specialty from a top reputed university;
- Solid and relevant experience of a minimum of 2 (two) years gained in the IFC investment side or another leading financial institution either in project finance, corporate finance, M&A and privatizations, or private equity funds in infrastructure;
- Knowledge of overall industry sector trends and experience in infrastructure transactions/PPPs in Africa with a proven track record;
- Strong financial modeling skills;
- Strong analytical and conceptual skills and ability to communicate ideas clearly and confidently
- Good presentation skills both written and oral;
- Willingness and ability to travel on short notice and frequently, as required; and
- Excellent oral and written communication skills in English. French is an added advantage.
- Only online applications are accepted: do not email your application to the hiring manager or the HR contact (even if you have applied online), as it will be neither acknowledged nor accepted.
- The hiring manager will contact only short-listed candidates for interviews.
- Do not call/email to find out the status.
How to Apply
Submit your CV and Application online : Click Here