Portfolio Manager, Financial Institutions Group (FIG) - North, West and Central Africa at International Finance Corporation (IFC) - World Bank Group

International Finance Corporation (IFC) a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets and the world’s largest multilateral source of loan and equity financing and advisory services for private sector in the developing world. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries.

In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. Working with 2,000 businesses worldwide, IFC draws on more than six decades of experience to create opportunities and solutions where they are needed most.

We are recruiting to fill the position below:

Job Title: Portfolio Manager, Financial Institutions Group (FIG) - North, West and Central Africa

Job No: req21234
Location: Lagos, Nigeria
Sector: Operations
Grade: GH
Term Duration: 4 years 0 months
Recruitment Type: International Recruitment

Job Description

• IFC is seeking to recruit a Portfolio Manager, Financial Institutions Group (FIG), Portfolio Manager, FIG, North, West and Central Africa. The position will be based in Lagos, Nigeria or Dakar, Senegal.
• The Portfolio Manager, FIG, North, West and Central Africa will be responsible for overseeing the portfolio for FIG in the region.
• She/he will work closely with the management and colleagues from FIG.
• She/he will also coordinate on a continuous basis with the Country Managers, other Regional Industry units, the FIG Leadership team in North, West and Central Africa, as well as other relevant Departments within the IFC (such as Risk, Treasury and Legal, etc.)
• She/he will have direct supervisory responsibility over the investment staff, and other staff as determined.
• The Portfolio Manager, FIG, North, West and Central Africa will report to the Regional Industry Director, FIG, Africa.  

Duties and Accountabilities

• Ensure the timeliness and quality of complex portfolio actions (such as restructuring, equity sales, loan conversions) as well as regular waivers and amendments.
• Build and maintain high level relationships with clients in the region, understand sector trends, lead multidisciplinary teams to turn leads into deals, process and book them, with an overall goal of effectively balancing IFC’s additionality, financial risks and rewards, sustainable development impact and opportunity for innovation and scalability.
• In coordination with the FIG Global Equity Head and equity investment leads, contribute to the active management of the FIG equity portfolio, focused on value add, as well as equity sales that support successful exits.
• Perform regular asset valuations, monitoring and reporting and make recommendations on, amongst other things, loan loss reserves and write-downs and provide early warnings.
• Proactively engage with the Independent Evaluation Group (IEG) and relevant project teams on assessments of IFC’s investment portfolio. Coordinate and engage, as relevant, with CSO on rescheduling and restructuring situations.
• Organize and lead regular loan and equity asset review meetings in coordination with the Regional Industry Director.
• Work closely with the FIG New Business Manager and teams to create value for IFC’s FIG clients in the region, including providing inputs to new transactions with existing clients.
• Manage FIG portfolio client relationships and ensure a high level of client satisfaction.
• Lead and manage the FIG portfolio team, and ensure the team is high-performing, well-motivated and committed to the advancement of IFC’s strategic goals.
• Staff portfolio projects with the appropriate resources with the view to deploy the most appropriate technical expertise and provide exceptional client service, while keeping in mind career and training development needs of IFC staff.
• Contribute to and produce Knowledge Management tools through relevant Lessons Learned from the portfolio and maintain feedback loops from portfolio to new business development, including Upstream.
• Provide portfolio management leadership for the FIG North, West and Central Africa team, in close coordination with the regional and global FIG teams.
• Be part of, and actively contribute to, the Regional Leadership Team of the Africa VPU as well as the Global FIG Management Team.
• Provide the full range of administrative and HR management oversight

Selection Criteria

• Master's Degree or equivalent professional qualification and a minimum 12 years of relevant work experience.
• Deep familiarity with the FIG sector and related sector issues, and proven experience managing complex investment transactions.
• Demonstrated ability to think strategically, develop innovative solutions, challenge the status quo and make sound decisions to build IFC business.   
• Experience sourcing and structuring complex investment transactions in the FIG sector with a proven track record and proven success in developing client relationships and processing quality investments.
• Strong sense of service to clients and demonstrated business development and portfolio aptitude. Proven success in developing client relationships and monitoring quality investments.
• Ability to deliver high-quality work within deadlines to meet team objectives.
• Ability to develop innovative solutions and challenges the status quo to build the business.
• Strong written and verbal communications skills.
• Ability to work in the organizational matrix as an integral part of the Regional Industry Department.
• Ability to collaborate closely with other parts of the World Bank Group and other DFIs and financing institutions and banks.
• Awareness of environmental and social sustainability issues usually associated with projects in FIG.
• Demonstrated leadership skills and strong teamwork and communications in a highly diverse, virtual environment.
• Excellent people management skills and openness to feedback; new ideas and ability to guide staff to solutions to problems.
• Meet Bank Group-wide managerial selection criteria including courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas and building talent for the future.

Application Closing Date
2nd March, 2023 at 11:59pm UTC

How to Apply
Interested and qualified candidates should:
Click here to apply online