E T Consultant

World Bank Group - Dubai

Job #: req13022
Organization: IFC
Sector: Other
Grade: EC2
Term Duration: 1 year 0 months
Recruitment Type: Local Recruitment
Location: Dubai,United Arab Emirates
Required Language(s): English
Preferred Language(s): Arabic
Closing Date: 9/10/2021 (MM/DD/YYYY) at 11:59pm UTC


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 in developing countries. In fiscal year 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org

IFC has embarked on an ambitious new growth strategy (IFC 3.0) to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected Situations (FCS). It requires taking a systematic approach to understanding the regulatory and sector bottlenecks that prevent the flow of private capital into productive investment in our member countries and addressing these bottlenecks through World Bank Group engagement on policy reforms and programmatic interventions at the country and sector level. It also requires the capacity to leverage WBG programs and projects to develop our own proactive sector interventions and to imagine and design projects even in the absence of reforms.
IFC's Public-Private Partnership Transactions Advisory (CTAPA) provides sell side financial advisory services and acts as Lead Transaction Advisor to governments to structure and implement public-private partnerships (PPP) transactions, primarily for public services. Its aim is to increase access to basic infrastructure (electricity, water, transportation and telecommunications) and social services (health and education) and facilitate private investments.
CTA is looking to recruit an Extended Term Consultant (ETC) for its Middle East and North Africa (MENA) team who will support the regional team in the preparation and tendering of PPPs, as well as business development activities. The ETC will be focusing primarily on the Levant and GCC sub-regions, however the scope will also extend to the wider MENA region depending on business needs. The position can be based in Dubai or Amman. Duties and Accountabilities:
The ETC will be expected to perform as a core team member and will assist the project team leaders in the origination and execution of IFC’s advisory mandates in PPPs and privatizations across the MENA region. The selected candidates will be supporting project team leaders and will work in priority on any on-going mandated projects, as well as support business development efforts.
Duties include, but are not limited to:

  • Working closely with the PPP Projects team leaders to assist in the origination, due diligence, structuring, negotiation and bidding of infrastructure projects;

  • Assisting the PPP Projects team leaders in the day to day management of PPP Project execution, including review of legal and technical outputs, documentation and financial models. Duties will include, but will not be limited to

  • Preparation of proposals for potential mandates;

  • Supporting internal approval processes, including drafting of memos and internal documents;

  • Assisting in selection of PPP Projects consultants, including drafting of terms of reference and requests for proposals;

  • Participating in reviewing PPP Projects due diligence (legal, technical, Environmental and Social, etc.) and structuring and negotiating of PPP Projects;

  • Preparing and supervising PPP Projects financial models to structure, develop bankable projects and assist in presenting recommendations to internal IFC management and clients;

  • Participating in the drafting and preparation of bidding and Projects documents;

  • Assisting in preparation and reviewing prequalification and tender documentation;

  • Assisting in marketing the PPP Projects to potential investors, attending road-shows, conducting international competitive bidding, including prequalification, tendering and award, and negotiating of project agreements leading to commercial/financial closure;

  • Coordinate closely with other parts of the IFC including environmental, social, legal, other advisory, investment, Upstream, and World Bank in order to provide solutions to our clients;

  • Collaborate with stakeholders and form partnerships with staff across IFC (Investment, Upstream, etc.), the World Bank, and other external parties to deliver the best possible outcome to our government clients;

  • Understand World Bank program for countries in the region and work with World Bank team to engage with government counterparts to implement the “Maximizing Finance for Development” strategy.

Selection Criteria

  • MBA or equivalent qualification;

  • Minimum 5-8 years of relevant experience gained in the IFC PPP Transaction Advisory, IFC Investment side or with another leading financial institution working on PPP transaction advisory, M&A or privatization advisory on buy and/or sell side, project finance, private equity, project management – all with focus on the infrastructure sector;

  • Minimum 2-3 years of experience of sell-side PPP advisory is considered a plus;

  • Strong experience in infrastructure sectors (including power, transport, healthcare sectors) with knowledge of sector trends and legal and regulatory requirements and with proven track record of infrastructure/PPP transactions;

  • Strong grasp of legal documentation including risk allocation related to PPP projects including concessions as well as for privatizations;

  • Proven track-record of originating, advising, structuring and executing infrastructure transactions;

  • Strong analytical and financial modeling/structuring skills and sound business judgment in identifying potential business partners as well as strong business development and client relationship skills;

  • Ability to operate in large, culturally diverse and geographically dispersed teams;

  • Ability to work under pressure and deliver high quality work within deadlines to meet team objectives;

  • Willingness and ability to travel on short notice and frequently, as required;

  • Understanding of IFC’s strategic priorities and changing business model against the backdrop of IFC 3.0;

  • Genuine commitment to development and to the World Bank Group and IFC's mission, strategy and values;

  • Experience in a development institution is considered a plus;

  • Excellent written and oral communication skills in English is required. Arabic preferred.

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 for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two 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 second-year ET appointment are not eligible for future ET appointments.

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