Job Vacancies International Finance Corporation (IFC), March 2012

Job Vacancies International Finance Corporation (IFC)
Position: Head, IFC Global Infrastructure Fund (GIF)
Location: United States of America ( The )
Closing Date: Monday, 16 April 2012

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 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 $4 billion under management in the following funds:
IFC African, Latin American and Caribbean Fund, 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 or equity-related investments in commercial banks in North Africa and Sub-Saharan Africa In addition, AMC is planning to raise and manage additional funds in the future, each with a focus on a particular sector, region or product. This includes the IFC Global Infrastructure Fund, which will invest alongside IFC in infrastructure, natural resources and telecoms companies and projects in emerging markets globally. IFC’s investment departments support AMC by providing investment origination, execution and supervision services, while all investment and portfolio decisions for funds under management are taken independently by AMC.

Duties and Accountabilities
AMC is looking to hire a seasoned investment professional with a strong track-record and leadership skills to be Head of the IFC Global Infrastructure Fund, based either in Washington, D.C., or Singapore. The Fund Head will be the most senior investment professional dedicated to the Fund and will report directly to Gavin Wilson, CEO of AMC. The Fund Head will be responsible for: (i) recruiting, motivating and leading a high quality Fund team; (ii) building, managing and successfully exiting a well balanced investment portfolio with strong risk-adjusted returns; and (iii) maintaining good relationships with the Fund’s investors, IFC investment teams working with the Fund and other stakeholders. In particular, the Fund Head will:
Recruit, manage and retain a high quality team of investment professionals;
Serve on the Fund’s investment committee;
Develop and manage a well balanced and successful portfolio of equity and equity-related investments;
Proactively monitor and supervise the portfolio in coordination with IFC portfolio teams, with emphasis on managing key relationships with shareholders and senior management of investee companies, and senior management of co-investors;
Identify top quality Directors to serve on the boards of investee companies;
Represent the Fund externally with investors, portfolio companies, media and other constituencies;
Plan and implement exit strategies for all portfolio holdings, including the negotiation of exit arrangements at the time of investment, and pro-active interventions with other investee company shareholders to ensure that GIF can exit from its investments on a timely basis;
Maintain a close working relationship with IFC’s investment departments and manage the implementation of service agreements with IFC;
Work with AMC’s Chief Administrative Officer to implement effective administration of the fund, including management accounting, conflicts management and investor reporting systems;
Work with AMC’s CEO and senior management to build a successful business with an excellent reputation in the marketplace.

Selection Criteria
The successful candidate is likely to have worked for a private equity firm or an international financial institution or major bank with significant emerging markets presence. He/she will have a good knowledge of overall infrastructure sector trends and a deep understanding of and practical experience in valuation, structuring, portfolio management and business strategy. The successful candidate will possess: familiarity with international best market practices and global trends in infrastructure sectors; strong analytical skills, with experience in financial modeling; experience in structuring private equity and/or mezzanine infrastructure investments, including an ability to mitigate risks and enhance returns; and expertise in negotiating complex transactions. He/she will be able to present a compelling vision and provide strategic direction and leadership to the Fund’s investment activities, including managing and motivating a high quality team of investment professionals. Other desirable attributes include:
Strong transaction structuring and negotiation experience, particularly related to minority/growth equity investing;
Track record of successful investing:
Ability to innovate, seize opportunities and implement;
Knowledge of working and processing transactions in an International Financial Institution (IFI) context is a plus;
Excellent interpersonal and conflict resolution skills;
Ability to build and maintain strong relationships with clients and counterparts;
Desire to hold self and others to high standards of integrity;
Willingness to be accountable and hold others accountable for results;
Team orientation and desire to get involved in broader AMC activities (e.g. recruiting, fund-raising) To apply for this position, please send your CV and cover letter to AMCRecruit@ifc.org indicating which of the locations would be preferable. The selected candidate will be employed directly by AMC, which is a distinct legal entity to IFC. This position may be located in Washington, D.C. or Singapore.

International Finance Corporation (IFC)
2121 Pennsylvania Avenue Northwest
Washington, DC 20433-0005
(202) 473-7711




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