IFC recruits 01 Associate Portfolio Officer – Private Equity Funds
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Associate Portfolio Officer – Private Equity Funds
Job #: req14374Organization: IFCSector: InvestmentGrade: GFTerm Duration: 3 years 0 monthsRecruitment Type: Local RecruitmentLocation: Nairobi,KenyaRequired Language(s): EnglishPreferred Language(s): French Closing Date: 1/9/2022 (MM/DD/YYYY) at 11:59pm UTC
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org.
IFC’s Private Equity (PE) Funds group plays an integral role in this mission. IFC is the largest investor in emerging market PE funds in the world, with over US$6.5 billion committed across a portfolio of more than 330 funds. IFC’s PE funds strategy focuses on supporting: (i) growth equity funds, (ii) venture capital and accelerator funds, (iii) small business funds in frontier regions, and selectively (iv) sector funds. In turn, these PE funds combine capital and expertise to enable investee companies to achieve the operational efficiency and governance standards required to realize their high-growth potential.
IFC is seeking a PE Funds Associate Portfolio Officer to be based at IFC’s Nairobi, Kenya Office and reporting to the Global Portfolio Manager, CDFPE. The Associate Portfolio Officer will work across all regions as part of the global CDFPE portfolio team that carries out portfolio administration, compliance, and operational transaction activities (the “Middle Office”). In this role, your primary responsibility will be to work on PE Funds portfolio issues. In addition, you will be expected to work on some assignments that support compliance and efficiency efforts across for in Disruptive Technologies (DT) investments, which are managed under the same Department (CDF).
Duties and Accountabilities:
Responsibilities will primarily involve accountability for portfolio administration, compliance, and reporting and portfolio review activities in support of CDFPE portfolio operations. A key function of this role will be to lead project and process management for multiple specific assignments (related to, among other things, audit, accounting, compliance, and other areas) in CDFPE portfolio operations. This will entail working under the supervision of the Portfolio Manager, but running processes with a high degree of independence, accountability, and business and interpersonal judgment. Specific responsibilities will include the following, as assigned by and in coordination with the Portfolio Manager:
Portfolio administration & compliance
• Become trusted resource on portfolio procedures, systems and processes; support reconciliation of investment balances and mitigation of operational risks.• Develop, review, and ensure relevant updates to Portfolio Operating Procedures as applied to PE Funds to ensure simplified and efficient processes.• Support in developing and tracking a database of Fund investees with key data elements that can be used to better understand which sectors, regions are performing better and which investees could utilize other IFC products and services.• Track and monitor compliance matters for fund investments, and propose courses of action in the event of non-compliance.• Use knowledge tools leveraging IFC’s portfolio data, in close collaboration with departments across IFC (e.g., industries and regions, Blended Finance, Accounting, Risk, IT, etc). Define and disseminate benchmarking data based on in depth assessments.• Develop guidance and knowledge materials, and deliver training for business teams as needed.
Reporting & portfolio reviews
• Prepare portfolio review materials and presentations, and make recommendations to the Portfolio Manager on improving processes while supporting investment teams on portfolio issues.• Prepare portfolio supervision reports, including relevant performance analysis and valuation follow-ups.• Provide views and analytics, review, analyze and respond to queries to ensure quality content and adequate delivery of reports in a timely manner. • Contribute to CDFPE’s thought leadership on portfolio issues, through analytical and reporting work, including supporting deep dives on select countries and sectors, preparing thematic portfolio reviews, carrying out portfolio stress tests, and compiling lessons learned.
It is expected that all of these functions will be performed in coordination with internal IFC stakeholders as relevant, including: Environment, Social & Governance; Impact Assessment; Portfolio Management, Operations Management (among others) – to optimize portfolio performance, ensure compliance with IFC standards and determine actions to resolve portfolio issues.
• MBA or other relevant Masters degree required; additional qualification (e.g. CFA, CPA) beneficial;• Minimum of 3-5 years relevant work experience , preferably including investment analytics, compliance and/or accounting experience;• Knowledge of PE transactions and data; strong knowledge of accounting and audit issues; understand impact beyond functional area;• High professional integrity, sound business judgment, and professional discretion;• Ability to think independently, analyze problems, identify solutions, and work effectively on simultaneous projects under time pressure;• Ability to manage processes independently and take responsibility for the full life-cycle of a process, to completion, providing updates throughout;• High degree of initiative, flexibility, reliability, and willingness to learn;• Highly motivated and energetic, outstanding interpersonal skills, with a collegial and collaborative work style; • Comfortable working in a matrix organizational structure; ability to interact effectively with clients and colleagues from various cultural backgrounds; ability to work with people at all levels and demonstrate responsiveness and excellent teamwork;• Excellent verbal and written communication skills in English, with skill to adapt communication style and content appropriately for the audience; additional languages, particularly French, would be a plus;• Attention to detail, accountable for consistent high-quality delivery;• Ability and willingness to travel on a limited basis if needed.
World Bank Group Core Competencies
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.
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