Background / General description
The International Finance Corporation (IFC), the
private sector arm of the World Bank Group, is a leader in sustainable
investment in emerging markets. IFC promotes private sector development and
economic growth as a way to reduce poverty and improve people’s lives. IFC
provides advisory services by establishing partnerships with donors,
governments and the private sector to design and deliver technical assistance
programs that promote entrepreneurship, improve the investment climate,
mobilise private sector investment and enhance the competitiveness of micro,
small and medium enterprises. IFC defines the South Asia region as India,
Bangladesh, Nepal, Bhutan, Sri Lanka and the Maldives. The Access to Finance
(A2F) business line includes projects in microfinance, housing finance, SME
finance, leasing, agrifinance, sustainable energy finance, trade finance,
insurance, payment systems, e-banking, credit bureaus, and capital markets.
private sector arm of the World Bank Group, is a leader in sustainable
investment in emerging markets. IFC promotes private sector development and
economic growth as a way to reduce poverty and improve people’s lives. IFC
provides advisory services by establishing partnerships with donors,
governments and the private sector to design and deliver technical assistance
programs that promote entrepreneurship, improve the investment climate,
mobilise private sector investment and enhance the competitiveness of micro,
small and medium enterprises. IFC defines the South Asia region as India,
Bangladesh, Nepal, Bhutan, Sri Lanka and the Maldives. The Access to Finance
(A2F) business line includes projects in microfinance, housing finance, SME
finance, leasing, agrifinance, sustainable energy finance, trade finance,
insurance, payment systems, e-banking, credit bureaus, and capital markets.
Duties and Accountabilities
The Associate Operations Officer will work with the
South Asia A2F team primarily in managing and growing the portfolio of Housing
Finance projects. Going forward there may be an opportunity to work in other
areas of A2F as IFC’s portfolio grows.
South Asia A2F team primarily in managing and growing the portfolio of Housing
Finance projects. Going forward there may be an opportunity to work in other
areas of A2F as IFC’s portfolio grows.
He/she will have the following key
responsibilities:
responsibilities:
- Facilitate advisory and investment business in
the Housing Finance product depending on specific projects assigned - Support existing technical assistance projects
in IFC’s portfolio in Housing Finance including developing excellent
client relations, designing projects for meaningful development impact and
ensuring that relevant IFC procedures are respected - This may include writing and reviewing project
papers, funding proposals and monitoring reports, assisting in the
documentation of project progress in IFC’s internal tracking systems,
drafting terms of reference and requests for proposals and supporting the
consultant selection / hiring processes - Play a catalytic role in developing the
pipeline for IFC’s investment and advisory activities in the area of
Housing Finance, either as support or as task team leader on specific
projects in India and the South Asia region - Assist in (or when task team leader, be
responsible for) the identification, negotiation and preparation of new
technical assistance and advisory projects in Housing Finance and
procuring consulting services for IFC’s clients - Participate actively in joint appraisal teams
working on new advisory and investments in the area of Housing Finance - Assist in raising external funding from
cofunders to leverage IFC’s own resources - Contribute to the regional Housing Finance
strategy and work-plan in South Asia to maximize IFC’s financial and
social returns on investment and advisory - Liaise between the A2F team and clients /
partners on specific projects - Participate in / lead other initiatives as
opportunities arise
Selection Criteria
- MBA, MPA, or equivalent Master’s degree
- 5+ years of total work experience of which at
least 3+ years of hands on experience in Low-income Housing / Housing
Finance / Housing microfinance and other areas of development finance
(such as microfinance), preferably in South Asia - Sound knowledge of mortgage lending business
operations, practices, relevant laws and the housing finance regulatory
environment in India. Knowledge of similar laws and practices in other
countries of South Asia region is highly desirable - Self-starter, mature, and flexible attitude;
able to work in a multicultural, fast-paced team - Proven leadership abilities with project /
programme manager experience - Strong communication skills in speaking,
writing and presenting - Demonstrated team player with willingness to
contribute as needed to overall IFC work - Relationship Management experience and ability
to establish strong credibility among senior clients such as HFCs, NBFIs,
MFIs and Banks - Commitment to quality service, drive to exceed
expectations, and proactive development of relations with IFC clients - Strong analytical and conceptual skills
encompassing various aspects of housing finance - High level of proficiency with MS Office
software - Ability to travel in India and possibly South
Asia - Ability to work independently, multi-task,
deal with conflicting priorities and deliver high quality work on schedule - Sound business judgment and strong problem
solving, negotiation, and commercial skills - Fluency in English is essential to enable the
staff member to produce concise written and oral reports; Fluency in
national languages of India a plus.
The
candidate will interact closely with other colleagues in the A2F teams based in
New Delhi, Mumbai, Dhaka, Colombo, Thimphu and Kathmandu.
candidate will interact closely with other colleagues in the A2F teams based in
New Delhi, Mumbai, Dhaka, Colombo, Thimphu and Kathmandu.
The position
will be based in New Delhi and the candidate must be willing to relocate.
will be based in New Delhi and the candidate must be willing to relocate.
Duration of
the Assignment: This is a two-year position, renewable depending on
performance.
the Assignment: This is a two-year position, renewable depending on
performance.
Applications
Interested
candidates are invited to visit the IFC website at www.ifc.org and apply online
at IFC’s JobWorld. Only shortlisted applicants will be contacted.
candidates are invited to visit the IFC website at www.ifc.org and apply online
at IFC’s JobWorld. Only shortlisted applicants will be contacted.
·
Closing Date: Monday, 07 January 2013
Closing Date: Monday, 07 January 2013
