Underwriter

Job Posting Organization:
The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group, established to promote foreign direct investment into developing countries. Its mission is to help end extreme poverty and boost shared prosperity on a livable planet. MIGA operates as a one-stop shop for all World Bank Group guarantee business, providing clients with the best guarantee solutions to meet project needs and development priorities. The agency offers three types of coverage: credit guarantees for loans, trade finance guarantees for public entities, and political risk insurance for private sector projects. MIGA is committed to improving access to guarantees and aims to triple its annual guarantee issuance to $20 billion by 203

• The organization employs a dedicated team of analysts, underwriters, and senior underwriters focused on underwriting guarantee transactions, and it operates in various sectors including energy, infrastructure, and financial institutions.

Job Overview:
The Underwriter position at MIGA is a critical role within the Operations Department, specifically in the Global Transaction Team (GTT). The Underwriter will lead transaction teams and be responsible for underwriting guarantee transactions, ensuring that all aspects of the transaction are thoroughly evaluated and managed. This includes conducting risk assessments, preparing financial models, and collaborating with various stakeholders to analyze project viability. The Underwriter will also engage with clients and government officials, conduct due diligence, and present high-quality guarantee proposals to senior management. The role requires a proactive approach to business origination and transaction structuring, with a focus on developing a comprehensive understanding of MIGA's guarantee activities across different sectors and regions.

Duties and Responsibilities:
The Underwriter will lead multi-disciplinary transaction teams through the underwriting and approval process, coordinating due diligence meetings and missions. Responsibilities include conducting sector and project risk assessments, preparing complex financial models to analyze investment viability, and collaborating with risk management officers to assess country and project risks. The Underwriter will develop recommendations for guarantee terms and conditions, negotiate contracts with prospective guarantee holders, and engage closely with clients and partners. Additionally, the Underwriter will prepare guarantee proposal documents for senior management consideration and support new business origination efforts to generate a robust pipeline of business.

Required Qualifications:
Candidates must possess a Master’s degree in Finance, Economics, International Business, or a related field, along with at least 5 years of relevant experience. This experience should include analyzing and executing project financings, trade finance, or structured financial transactions, particularly in emerging markets. A solid understanding of negotiating complex financial contracts and extensive knowledge of emerging markets finance is essential. Candidates should demonstrate technical underwriting skills and have a proven track record in project finance and structured finance. Excellent analytical, communication, and interpersonal skills are required, along with the ability to work independently and lead transaction teams effectively.

Educational Background:
A Master’s degree in a relevant field such as Finance, Economics, or International Business is required for this position. This educational background should be complemented by practical experience in analysis" style="border-bottom: 1px dotted #007bff !important;">financial analysis and project financing, particularly in the context of emerging markets.

Experience:
The Underwriter role requires a minimum of 5 years of relevant experience in project finance, trade finance, or structured financial transactions. Candidates should have experience working with reputable financial institutions, such as multi-lateral development banks or investment banks, and should be familiar with the complexities of financing in emerging markets.

Languages:
Fluency in spoken and written English is mandatory for this position. Fluency in French is strongly preferred, and knowledge of Spanish is considered a plus, enhancing the candidate's ability to engage with a diverse range of clients and stakeholders.

Additional Notes:
This position is a local recruitment role based in Paris, France, with a term duration of 3 years. The organization offers a comprehensive benefits package, including a retirement plan, medical and life insurance, paid leave, and parental leave. MIGA is committed to being an equal opportunity employer and values diversity in its workforce.