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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.
IFC’s Disruptive Technologies, Services & Funds Team (CDSF) 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 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 also makes a valuable contribution to development by providing capital and know-how to fast growing companies that are leading drivers of job creation in the emerging markets. IFC supports these companies through investing directly in early and late-stage venture companies.
The SME Ventures Program (SMEV) is a part of CDSF and focuses on investing in private equity funds that specifically target small and medium-sized enterprises in Low Income IDA, Fragile and Conflict Affected States as well as other frontier markets. Currently, SMEV has invested in a diverse portfolio of 27 funds operating in over 50 countries worldwide. In addition to financial investments, the program also provides Technical Assistance through advisory projects to the fund managers.
IFC is seeking an Operations Analyst for SMEV to be based in Nairobi, Kenya. The selected candidate will support the SMEV team in the preparation, administration, and monitoring of advisory and investment projects. S/he will work closely with the SME Ventures Lead, the Value Creation Specialist, and other relevant team members. She will directly report to the SME Ventures Lead.
Role & Responsibilities:
The Operations Analyst will support the team with specific responsibilities for key operational and administrative functions relating to:
• Conducting investment and advisory supervision and portfolio support, including analytical, project and partnership work with SMEV team members or independently
• Maintaining client and portfolio database to support overall portfolio data management, including tracking of investment performance, portfolio compliance, and enhance overall data driven approach to portfolio monitoring
• Preparing quarterly portfolio review and valuations
• Undertaking research on funds and/or key markets and perform other types of thematic reviews.
• Assisting the SMEV Lead in managing the overall coordination of relevant internal reporting and compliance requirements for investments and advisory projects
• Helping supervise investments in portfolio funds and manage internal IFC procedures including preparation of portfolio reports and related information
• Preparing investment and advisory related reporting and transaction internal memos
• Engaging with advisory service providers for selection, onboarding, and monitoring
• Contributing to knowledge management initiatives and support relevant thought leadership efforts
• Supporting the SMEV team in organizing trainings and events
• Producing key SMEV reports, presentation materials, briefings and other deliverables as required, in coordination with the SMEV team
Selection Criteria
• Bachelor’s Degree in Business Administration, Finance or related field;
• 2-3 years of experience with an investment bank, consulting firm, an international financial institution, preferably with experience working in or with private equity funds and/or SMEs
• Excellent oral and written communication skills
• Ability to work effectively with colleagues in a multicultural team environment, and to work on multiple projects across a given time in a global setting across a wide range of time zones
• A high level of proficiency with MS Office Word, Excel, PowerPoint is essential
• Excellent and demonstrated ability to gather and organize information and resources
• Superior administration, organizational and time management skills
• Knowledge of IFC’s portfolio procedures and processes is a plus
• Proficient in use of Power BI and different artificial intelligence tools and platforms is a plus
• High level of energy, initiative, and flexibility in quickly adjusting to changing work project requirements
• Fluency in English essential – must be able to write and communicate in English at the full professional proficiency level. Ability to work in other languages is a plus
• Highly motivated
• Fully committed to highest ethical standards
World Bank Group Core Competencies
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.
Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.
