Jobs in Tanzania

World Bank Vacancies Tanzania

Are you ready to make a global impact from the heart of East Africa? The World Bank is seeking dynamic, passionate professionals to join their team in Tanzania. This is your chance to be part of a prestigious international institution dedicated to reducing poverty and supporting sustainable development. With opportunities spanning a variety of fields, the World Bank in Tanzania offers an unparalleled platform for career growth, innovation, and the chance to contribute to meaningful change. Visit ajiratimes.com to explore these exciting vacancies. Seize this opportunity to advance your career while making a difference in the lives of millions. Join us at the World Bank and be the change you wish to see in the world. Apply today!

Matangazo ya Kazi Ajira Portal

Job #: req27872
Organization: IFC
Sector: Investment
Grade: GG
Term Duration: 3 years
Recruitment Type: International Recruitment
Location: Nairobi, Kenya; Dar Es Salaam, Tanzania
Required Language(s): English
Closing Date: 6/24/2024 at 11:59pm UTC

Description

The International Finance Corporation (IFC), part of the World Bank Group, is the foremost global development institution focused on the private sector in emerging markets. Operating in over 100 countries, IFC utilizes its capital, expertise, and influence to create markets and opportunities in developing nations. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, contributing to the eradication of extreme poverty and promoting shared prosperity.

FIG Overview

The Financial Institution Group (FIG) is a vital department within IFC, responsible for approximately 40% of IFC’s business volume, profitability, and development impact. FIG operates in various sub-sectors, including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, and Distressed Assets, providing both investment and advisory services worldwide. FIG Africa operates throughout the continent, with main hubs in Kenya, Morocco, Nigeria, Senegal, and South Africa.

Duties and Accountabilities

  • Develop a strong portfolio of high-quality investment opportunities through proactive business development and sector/country knowledge.
  • Build and maintain strong relationships with FIG clients, investors, arrangers, and key stakeholders.
  • Mobilize additional investors alongside IFC.
  • Engage with mid and senior-level clients to understand their business directions and challenges.
  • Lead investment transactions, incorporating lessons learned from previous investments and portfolio management.
  • Support upstream initiatives to address constraints to financial sector growth and inclusion.
  • Evaluate, structure, negotiate, and close transactions, including portfolio restructurings, rescheduling, capital increases, and equity sales.
  • Develop innovative financial structures for complex transactions.
  • Mentor and coach less-experienced staff.
  • Coordinate with social, environmental, governance, and technical assistance colleagues to enhance client businesses.
  • Monitor complex portfolio projects, ensuring value addition and development impact.
  • Review and analyze clients’ financial and operating performance, prepare risk ratings, supervision reports, and strategy papers.
  • Supervise and ensure the quality of portfolio reporting information prepared by junior staff.

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Selection Criteria

  • Education: Master’s degree in finance or a similar relevant field; CFA or CPA accreditation is a plus.
  • Experience: 10-14 years in the financial sector, with a solid operational understanding of commercial banks and other financial entities in Africa.
  • Networking: Established network of top-level contacts in the financial services and investment industries in Africa.
  • Skills:
  • Experience in identifying, evaluating, structuring, and negotiating private debt and equity investments.
  • Strong problem-solving and negotiation skills.
  • Ability to work on multiple projects under time constraints.
  • Ability to manage conflicting priorities and deliver high-quality work on time.
  • Strong client relationship and business development skills.
  • Excellent verbal and written communication skills in English; French is a plus.
  • Strong interpersonal skills and ability to work in multicultural teams.
  • Commitment to sustainable economic development.
  • Strong research, quantitative, and computer skills (Word, Excel, PowerPoint).

Core Competencies:

  • Benefits: Comprehensive benefits including a retirement plan, medical, life, and disability insurance, paid leave, and reasonable accommodations for individuals with disabilities.
  • Diversity: IFC is an equal opportunity and inclusive employer, committed to diversity and does not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

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