Senior Energy Specialist

Job Posting Organization:
The World Bank Group is a prominent global institution established to provide financial and technical assistance to developing countries. Its mission is to end extreme poverty and promote shared prosperity by providing funding and knowledge to address the most pressing development challenges. With 189 member countries and over 120 offices worldwide, the World Bank Group operates in various sectors, including energy, infrastructure, and education, among others. The organization is committed to sustainable development and works closely with both public and private sector partners to implement innovative solutions and projects that can lead to significant improvements in the lives of people in developing nations. For more information, visit www.worldbankgroup.org.

Job Overview:
The Senior Energy Specialist position at the World Bank Group is a critical role focused on addressing financial issues within the energy sector. The specialist will be responsible for engaging with energy utilities to analyze their financial situations and develop recovery plans that may involve financial modeling. This role requires collaboration with energy economists and financial analysts to ensure consistency in financial analyses across the Energy Department. The Senior Energy Specialist will also support private sector participation in energy services and blended finance solutions, contributing to the overall financial recovery of energy utilities. The position is integral to the World Bank's mission of providing knowledge and support to enhance the financial performance of energy sectors in various countries, thereby promoting sustainable development and economic growth.

Duties and Responsibilities:
The Senior Energy Specialist will have a diverse set of responsibilities, including acting as the focal point for energy sector financial issues within the Energy Department. Key duties include:

• Contributing to energy sector engagements focused on the financial recovery of energy utilities, including conducting financial analyses and preparing recovery plans.
• Collaborating with energy economists and financial analysts to ensure consistent analysis" style="border-bottom: 1px dotted #007bff !important;">financial analysis across the department.
• Providing cross-support to energy task teams in selected countries and leading or supporting the development of global knowledge products.
• Developing KIEPR capacity on utility and energy finance and coordinating support opportunities for other staff.
• Leading or contributing to global analytical work focused on utility and energy sector financial performance and recovery.
• Supporting private sector participation and blended finance solutions in energy sector engagements.
• Developing and delivering training initiatives on project and utility finance for clients and staff.
• Representing the World Bank in meetings with multilateral organizations and donors.
• Preparing briefs on energy sector financial issues for senior management. 1
• Contributing to other global knowledge products produced by KIEPR. 1
• Carrying out ad-hoc corporate tasks and reviews as needed.

Required Qualifications:
Candidates for the Senior Energy Specialist position must possess a PhD or master’s degree in economics, finance, business administration, accounting, or a related field. Additionally, they should have at least 8 years of relevant experience in the energy sector, demonstrating strong skills in financial modeling and analysis. A proven ability to develop solutions for utility turnaround, including financial recovery plans and utility debt restructuring, is essential. Candidates should also have a solid understanding of electricity tariff regulation and other key drivers of utility financial performance, along with experience in economic and financial analysis of energy projects. A consistent track record of producing high-quality analytical reports and activities is required, as well as operational experience in designing and implementing World Bank lending operations that support policy, regulatory, and utility performance reforms.

Educational Background:
The educational background required for the Senior Energy Specialist position includes a PhD or master’s degree in a relevant field such as economics, finance, business administration, or accounting. This advanced education is crucial for understanding the complexities of financial analysis and policy development within the energy sector, as well as for engaging in high-level discussions and decision-making processes.

Experience:
The position requires a minimum of 8 years of relevant experience in the energy sector. This experience should encompass a range of activities, including financial modeling, analysis, and the development of recovery plans for energy utilities. Candidates should also have experience working with Development Finance Institutions and a strong operational background in designing and implementing lending operations that support energy sector reforms.

Languages:
The mandatory language for this position is English, which is essential for communication and documentation within the World Bank and with external stakeholders. While not required, proficiency in additional languages may be considered an asset, particularly if it enhances the ability to engage with diverse client counterparts in various countries.

Additional Notes:
This position is a full-time role with a term duration of 4 years. It involves international recruitment, indicating that candidates from various countries are encouraged to apply. The World Bank Group offers a comprehensive benefits package, including a retirement plan, medical, life, and disability insurance, as well as paid leave, including parental leave. The organization is committed to diversity and inclusion, ensuring equal opportunities for all employees regardless of gender, identity, religion, race, ethnicity, sexual orientation, or disability.