International Finance Corporation (IFC)

Senior Upstream Officer (Urban Infrastructure)

International Finance Corporation (IFC)

Job Description

Senior Upstream Officer - Urban Infrastructure

Job #: req10590 Organization: IFC Sector: Upstream Grade: GG Term Duration: 3 years 0 months Recruitment Type: Local Recruitment Location: New Delhi,India Required Language(s): English Preferred Language(s): Closing Date: 1/30/2021 (MM/DD/YYYY) at 11:59pm UTC Description

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 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org While IFC continues to expand its traditional roles of Advisory Services and investment operations, IFC has embarked on an ambitious new growth strategy (IFC 3.0) to stimulate more investment activity. This strategy calls for generating our own opportunities by proactively working "Upstream" (i.e. prior to and/ or in anticipation of a project or investment), to create, deepen, and expand markets and to imagine, design, unblock and implement investment projects. It requires taking a systematic approach to understanding the regulatory and sector bottlenecks that prevent the flow of private capital into productive investment in our member countries, as well as addressing these bottlenecks through World Bank Group engagement on policy reforms and programmatic interventions at the country and sector level. It also requires capacity to leverage WBG programs and projects to develop our own proactive sector interventions and to imagine and design projects even in the absence of reforms.

The Infrastructure and Natural Resources (INR) business line provides financing solutions to clients focused on the power, transport, telecoms and municipal and environmental Infrastructure Sectors. A strategic focus for the INR department in Asia Pacific is to ramp up activities in the cities space (municipal lending, waste, water and urban infrastructure). Cities are large contributors to economic development and quality of life. IFC is looking to support this municipal infrastructure development, engaging upstream with strong private, and subnational partners to support the development, financing and implementation of pipeline of bankable, impactful and sustainable deals. Through IFC's Cites Practice, IFC draws on its global network, mobilizes commercial financing for priority projects, connects cities with capital markets and helps diversify their investor base. This is done through an integrated approach, combining advisory and investment work. The Cities team's mandate covers all urban infrastructure and services, either through direct financing to cities or subnational, financing to private sector or - working jointly with our PPP team, PPP solutions.

To support the growth of its Cities business, IFC is seeking an Operations Officer for its Cities team, with expertise in urban financing, urban infrastructure or services sector. The selected candidate will focus on supporting the development of high-quality Upstream pipeline for subnational governments, primarily in India, under the supervision of the Regional Cities Lead. S/he will also support policy work and other interventions across the World Bank Group to prioritize various initiatives and to maximize the impact of Upstream efforts.

Role & Responsibilities:

The roles and responsibilities of the position will include but not be limited to: Task 1. Subnational infrastructure investment opportunities identification - with a primary focus on India With an emphasis on creating investment opportunities for IFC, lead the identification, prioritization and assessment of Upstream opportunities that emerge from country and sector strategies and market intelligence work and Business Development work.

This includes: Building and maintaining strong relationships with potential clients and other stakeholders, including government bodies, professional service providers, IFIs and other institutions Coordinating and working jointly with the Cities lead, investment teams and relevant in-house specialists. Mapping and tracking municipal and subnational infrastructure characteristics across region including legal, regulatory, political and economic considerations. Work with the World Bank to analyze sector and regulatory reforms that are needed to unlock opportunities for private investment. Prioritizing potential and credible IFC partners using pre-defined screening criteria, e.g. creditworthiness, integrity due diligence, etc. in the urban infrastructure and services space. Undertaking initial diagnostics of client capacities and needs, helping identify and developing integrated investment and advisory solutions. Identifying and lead interaction with key industry partners Models that can bring solutions to emerging markets. Lead in sector-specific data Analysis and stress-testing of various operating models, spot game-changing trends, technologies and business to help generate ideas for new projects, new products and platform businesses. Interact with thought leaders and decision makers across the World Bank Group and externally to foster innovative thinking about overcoming regulatory and sector constraints.

Task 2: Execution of upstream engagements Lead the conceptualization, development, timely and high quality delivery and supervision of Upstream/advisory projects in the Cities space (with a focus on subnational governments in India), with the goal to generate, improve and enable IFC investments. This includes for example: sector diagnostics, feasibility studies, scoping and evaluation of business models, Capacity Building programs. This requires coordinating with various stakeholders, both inside and outside the IFC. Lead the design and implementation of scalable solutions and platforms/programs that can help generate multiple investment opportunities similar to "Scaling Solar" (https://www.scalingsolar.org/) and that can be replicated across markets.

Task 3: Reporting & Portfolio monitoring: Produce regular reports on the assigned activities, including pipeline reports, status updates, and progress reports monitoring execution performance against project milestones and KPIs. Oversee monitoring and evaluation of projects, ensuring results are properly tracked and supporting materials properly filed; ensure compliance with eventual IEG evaluations.

Support the regional cities leads in the development of a fundraising strategy and donor outreach. Support the development of bi-annual donor and project supervision reports for the Global Platform and support drafting and provide inputs into the bi-annual project supervision reports for projects; ensure compliance with donor and IFC portfolio reporting requirements and consistency in reporting, including AIMM. This also includes work with the Blended Finance team, Climate Investment Funds and other multi-donor trust funds to identify and secure funds for advisory and investment projects.

Task 4: Knowledge sharing, Team & communications Lead or oversee the preparation of specific knowledge products for internal and external audiences as requested, including strategic research, pitch books and proposals for both advisory and investment clients, case studies, smart lessons etc.

Work with internal & external communication experts to strengthen cities, communication material and develop effective delivery models, including working with third party providers.

Speak and represent IFC at external events. Active team player, mentor to junior staff.var boomerang_ip ="49.37.221.96" Selection Criteria

Master's degree or equivalent professional qualification in Business, Finance, Law, Economics, International Relations, Science, Engineering, or other relevant field. At least 10 years of relevant experience in project and/or Program Design and management, producing feasibility studies, policy advice, hands-on advisory and/or consulting functions. At least 3 years of which should be related to developing countries (India preferred). Demonstrated understanding of urban infrastructure financing and municipal financing including PPP in one or more developing countries, including a working knowledge of key policy, legal and regulatory issues relevant to the scale up of private sector engagement in the urban sectors in developing countries. Demonstrated experience on these topics in India is preferred. Demonstrated ability to engage and build strong and fruitful relationships with subnational and national governments, private sector clients, and other stakeholders to encourage pioneering business and market development Strong drive and capacity to innovate and challenge the status quo to drive new idea generation, business development, and the creation of projects/programs. Experience in managing (including executing against implementation plans with defined business development milestones), monitoring and reporting on a portfolio of projects/programs/initiatives and liaising with donors. Genuine commitment to development and to the World Bank Group and IFC's mission, strategy and values. Understanding of IFC's strategic priorities and changing Business Model to engage earlier in the project development cycle. Outstanding analytical and critical thinking skills. Strong written and verbal communications skills in English. Hindi language skills is a plus.var boomerang_ip ="49.37.221.96" Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.
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