Portfolio Manager, Fig, East and Southern Africa - Johannesburg, South Africa - international finance corporation

Description

Site:

South Africa,
Gauteng,
Johannesburg:


Sector:

Nonprofit/Community/Social Services/International Cooperation:


Role:

Other:

Date
:14/02/2023 (Expiry date
:02/03/2023)


Description
IFC is seeking to recruit a Portfolio Manager, FIG (Financial Institutions Group), East and Southern Africa. The position will be based in Johannesburg, South Africa.

The Portfolio Manager, FIG, East and Southern 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 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, East and Southern 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 writedowns 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 highperforming, wellmotivated 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, East and Southern 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 highquality 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 high