Senior Associate, IFC African, Latin American and Caribbean Fund

Job #: 112002 Title: Senior Associate, IFC African, Latin American and Caribbean Fund Job Stream: Other Location: Washington, DC Close Date: 11-Nov-2011

Background / General description: IFC Asset Management Company, LLC (AMC) is the fund management arm of International Finance Corporation (IFC). AMC was established in 2009 as a wholly-owned subsidiary of IFC, to mobilize and manage third-party capital for investment in private enterprise in developing and frontier markets. It aims to enhance IFC s development impact and financial sustainability, as well as generating profits for investors. AMC-managed funds are targeted at large sophisticated investors who are looking to increase their exposure to emerging markets and who are interested in accessing IFC s transaction pipeline, investment approach and standards, global reach and track record of superior returns. AMC currently has over $4 billion under management in the following funds: IFC African, Latin American and Caribbean Fund (ALAC) which co-invests in IFC equity and equity-related transactions in Africa, Latin America and the Caribbean across a broad range of sectors IFC Capitalization Fund, which invests in the equity and subordinated debt of large domestic commercial banks in developing countries Africa Capitalization Fund, which makes equity and equity-related investments in commercial banks in North and Sub-Saharan Africa AMC is planning to raise and manage additional funds in the future, each with a focus on a particular sector, region or product. IFC s investment departments support AMC by providing origination, execution and supervision services for investments, but all investment and portfolio decisions for funds under management are taken independently by AMC. Duties and Accountabilities: AMC is looking to hire a Senior Associate for the ALAC Fund. The Senior Associate will report to the Fund Head and will be responsible for working on AMC investment teams to structure, negotiate and monitor investments, maintain a solid and well balanced investment portfolio, communicate effectively with the fund s investors, and maintain a good working relationship with the IFC investment teams. In particular, the Senior Associate will: Establish strong credibility with investee companies, IFC staff and the fund s investors; Develop a pipeline of potential fund investments in coordination with IFC s business development teams and regional offices; Provide input for deal structuring and negotiation to AMC and IFC investment teams; Present investment proposals to the fund s Investment Committee, articulating the detailed investment rationale and making concrete recommendations; Monitor portfolio companies and develop recommendations regarding portfolio actions including divestitures; Participate in fund raising activities for other AMC managed funds; Work closely with the Fund Head and AMC s Chief Administrative Officer in implementing effective fund administration, including investor liaison and reporting. Selection Criteria: The successful candidate is likely to have at least 5 to 7 years of post-MBA (or equivalent) experience working in private equity, corporate M&A, or at an international financial institution, with significant emerging markets presence. He/She will have a deep understanding of and practical experience in valuation, structuring, negotiation, portfolio management and business strategy. The successful candidate will possess: Familiarity with international best practices and global trends in private equity investing; an understanding of the issues relevant to investing in emerging and frontier markets; strong analytical skills, with experience in financial modeling; experience in structuring private equity deals, including an ability to mitigate risks and enhance returns; and expertise in negotiating complex deals. Other desirable attributes include: A business mind-set, a “can-do” attitude and the ability to make tough decisions under pressure; Demonstrated teamwork skills, in both leadership and participant roles A strong client service orientation, with openness to feedback and new ideas; The ability to work effectively across organizational boundaries, and in multi-cultural environments; Excellent oral and written communication skills in English are required, including a demonstrated ability to communicate complex ideas clearly and tactfully to a variety of audiences; A willingness to travel frequently is required If a selected candidate is a World Bank Group (WBG) staff member, he /she would be able to be seconded to AMC under the WBG External Service Program. To apply for this position, please send your CV and cover letter to AMCrecruit@ifc.org NOTE: The selected candidate will be employed directly by AMC, which is a distinct legal entity to IFC. IFC Asset Management Company, LLC is an equal opportunity employer.

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