Description
IFCa member of the World Bank Groupis the largest global development institution focused on the private sector in emerging markets and the worlds largest multilateral source of loan and equity financing and advisory services for private sector in the developing world. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. Working with 2, 000 businesses worldwide, IFC draws on more than six decades of experience to create opportunities and solutions where they are needed most. For more information, visit www.ifc.org.
IFC is seeking to recruit a Portfolio Manager, FIG (Financial Institutions Group), East and Southern Africa. The position will be based in Johannesburg, South Africa.
The Portfolio Manager, FIG, East and Southern Africa will be responsible for overseeing the portfolio for FIG in the region. She/he will work closely with the management and colleagues from FIG. She/he will also coordinate on a continuous basis with the Country Managers, other Regional Industry units, the FIG Leadership team in Africa, as well as other relevant Departments within the IFC (such as Risk, Treasury and Legal, etc.) She/he will have direct supervisory responsibility over the investment staff, and other staff as determined. The Portfolio Manager, FIG, East and Southern Africa will report to the Regional Industry Director, FIG, Africa.
Duties And Accountabilities
- Ensure the timeliness and quality of complex portfolio actions (such as restructuring, equity sales, loan conversions) as well as regular waivers and amendments.
- Build and maintain high level relationships with clients in the region, understand sector trends, lead multidisciplinary teams to turn leads into deals, process and book them, with an overall goal of effectively balancing IFCs additionality, financial risks and rewards, sustainable development impact and opportunity for innovation and scalability.
- In coordination with the FIG Global Equity Head and equity investment leads, contribute to the active management of the FIG equity portfolio, focused on value add, as well as equity sales that support successful exits.
- Perform regular asset valuations, monitoring and reporting and make recommendations on, amongst other things, loan loss reserves and write-downs and provide early warnings.
- Proactively engage with the Independent Evaluation Group (IEG) and relevant project teams on assessments of IFCs investment portfolio. Coordinate and engage, as relevant, with CSO on rescheduling and restructuring situations.
- Organize and lead regular loan and equity asset review meetings in coordination with the Regional Industry Director.
- Work closely with the FIG New Business Manager and teams to create value for IFCs FIG clients in the region, including providing inputs to new transactions with existing clients.
- Manage FIG portfolio client relationships and ensure a high level of client satisfaction.
- Lead and manage the FIG portfolio team, and ensure the team is high-performing, well-motivated and committed to the advancement of IFCs strategic goals.
- Staff portfolio projects with the appropriate resources with the view to deploy the most appropriate technical expertise and provide exceptional client service, while keeping in mind career and training development needs of IFC staff.
- Contribute to and produce Knowledge Management tools through relevant Lessons Learned from the portfolio and maintain feedback loops from portfolio to new business development, including Upstream.
- Provide portfolio management leadership for the FIG, East and Southern Africa team, in close coordination with the regional and global FIG teams.
- Be part of, and actively contribute to, the Regional Leadership Team of the Africa VPU as well as the Global FIG Management Team.
- Provide the full range of administrative and HR management oversight.
- Masters degree or equivalent professional qualification and a minimum 12 years of relevant work experience.
- Deep familiarity with the FIG sector and related sector issues, and proven experience managing complex investment transactions.
- Demonstrated ability to think strategically, develop innovative solutions, challenge the status quo and make sound decisions to build IFC business.
- Experience sourcing and structuring complex investment transactions in the FIG sector with a proven track record and proven success in developing client relationships and processing quality investments.
- Strong sense of service to clients and demonstrated business development and portfolio aptitude. Proven success in developing client relationships and monitoring quality investments.
- Ability to deliver high-quality work within deadlines to meet team objectives.
- Ability to develop innovative solutions and challenges the status quo to build the business.
- Strong written and verbal communications skills.
- Ability to work in the organizational matrix as an integral part of the Regional Industry Department.
- Ability to collaborate closely with other parts of the World Bank Group and other DFIs and financing institutions and banks.
- Awareness of environmental and social sustainability issues usually associated with projects in FIG.
- Demonstrated leadership skills and strong teamwork and communications in a highly diverse, virtual environment.
- Excellent people management skills and openness to feedback; new ideas and ability to guide staff to solutions to problems.
- Meet Bank Group-wide managerial selection criteria including courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas and building talent for the future.
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.
