World Bank Group Job Recruitment

The World Bank Group – Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2018, the WBG committed $67 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $24 billion was concessional finance to its poorest members. It is governed by 188-member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.

We are recruiting to fill the position below:

Job Title: Senior Energy Specialist

Job #: req8409
Location: Abuja, Nigeria
Organization: World Bank
Sector: Energy
Grade: GG
Term Duration: 4 years – 0 months
Recruitment Type: Local Recruitment

Description

• Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges.
• The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development.
• With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org

Western and Central Africa

• Western and Central Africa is a region with diverse cultures, beliefs, languages, and lifestyles – marked by contrasts of stability and conflict; affluence and poverty.  Home to about half a billion people, it encompasses 22 countries stretching from the westernmost point of Africa across the equator and partly along the Atlantic Ocean to the Republic of Congo in the South.
• The sub-region is rich in resources and brimming of opportunities. It made impressive progress in regional cooperation and includes two monetary and economic cooperation unions – the West African Economic and Monetary Union (WAEMU), the Central African Economic and Monetary Community (CEMAC) that cover 13 countries between them and the Economic Community of West African States (ECOWAS), which includes 15 member countries and headquartered in Abuja, Nigeria.
• Yet these vast opportunities are tempered by persistent gaps in education, health, and skills, which have Africa only reaching forty percent of its estimated potential. Moreover, conflict, food insecurity, population growth, and the disruptive forces of climate change threaten to curtail or even reverse the progress that has been made over the past decades.
• The COVID-19 pandemic has brought back to the forefront the risks posed by weak health systems and poor surveillance. Many countries in the region that learned difficult lessons from the West Africa Ebola outbreak in 2014 are applying some of the lessons and using all existing instruments and expertise to curb the pandemic while prioritizing the poorest and most vulnerable people.

The World Bank Western and Central Africa Region, comprised of approximately 1,139 staff mostly based in about 22 country offices, is committed to helping countries to realize their considerable development potential and become more competitive in the global economy by focusing on the following priorities:

• Creating Jobs and Transforming Economies: We are working with countries across Africa to stimulate job creation and economic transformation by leveraging all sources of finance, expertise, and solutions to promote investment.
• Building up the Digital Economy: We are supporting Africa’s vision to ensure that every African individual, business, and government is connected by 2030.
• Institutions more Efficient and Accountable: Our support is helping governments strengthen public policy processes, manage resources effectively, and reinforce fair and reliable delivery of public services.
• Investing in People: We are at the forefront of helping African countries accelerate human capital gains and empower women by improving their access to education and skills acquisition, sexual and reproductive health services, and employment opportunities.
• Supporting Climate Change Mitigation and Adaption:  In the face of increasing climate-related risks, we are working with African countries to advance efforts to adopt renewable energy, climate-smart agriculture, and green infrastructure.
• Addressing the Drivers of Fragility, Conflict and Violence: Given the cross-border nature of conflicts in Africa, we are employing an approach that simultaneously focuses on the drivers of fragility while also supporting well-targeted regional initiatives to create opportunities for peace and shared prosperity.
• Building Partnerships and Working across the African Continent: We are scaling up our work on regional integration, taking a holistic view of the continent that covers both North and Sub-Saharan Africa.

The World Bank is a dedicated partner for Western and Central African countries, helping them deliver strong development outcomes for their people. A brighter future for the region is a better future for the world.

Unit Context:

• The Energy & Extractives Global Practice of the World Bank Group is made up of more than 300 professionals, a lending program in the order of US$5-7 billion a year, an active portfolio of some $40 billion, and a rich program of Advisory and Analytical Work.
• The EEX GP focuses on: providing affordable, reliable and sustainable energy to meet the needs of fast-growing economies and to ensure universal access to modern energy services for people in client countries; and, strengthening policy and institutional frameworks to promote transparent and equitable growth of the extractives sectors for public benefit.
• There is a strong emphasis on private sector resource mobilization and catalyzing financing from commercial and other sources of development and climate finance.
• The Africa energy sector grouping consists of four Units across two regions of East and Southern Africa and newly created VPU of West and Central Africa. The position for locally recruited Senior Energy Specialist is based in Abuja, Nigeria, with the primary work focus on the energy sector portfolio within the Nigeria Country Management Unit, but also providing limited cross support to the West and Central Africa region.
• The Bank is engaged in all aspects of the electricity sector – generation, transmission, distribution, rural electrification and off-grid– through development policy financing, program for results, investment financing support, technical assistance and guarantee operations.
• The Nigeria Energy Sector country program is one of largest programs of World Bank in any country including operations across the energy sector value chain. This includes a variety of on-going and planned lending operations along with ambitious knowledge and analytical agenda.
• The lending operations involve various WB lending instruments such as investment project financing, guarantees for public-private partnerships, program for results, technical assistance, and development policy lending.  In addition, the team manages a strong knowledge agenda to inform the policy dialogue in the sector.

Duties & Accountabilities

• IAWE4 seeks a Senior Energy Specialist based in Abuja, Nigeria to support the Africa Energy program’s strategic, advisory, and operational work. Specifically, it is expected that the selected candidate will be leading task teams on project preparation and implementation, providing required technical contributions in preparatory and analytical work to be carried out by other teams, making necessary inputs into EEX and CMU corporate reporting outputs (including the preparation of a new Country partnership Framework for Nigeria), supporting donor coordination and liaising with local and international counterparts (including the private sector), as necessary.
• The Nigeria Energy Sector Program is also addressing the response to the economic shock-related COVID-19 and oil market downturn through restructuring of some of the current projects in the energy sector portfolio.
• The Nigeria energy team also supports the implementation of interconnection projects within the West Africa Power Pool and anticipates further engagement in regional electricity interconnection projects across West Africa and Central Africa Power Pools.

The responsibilities of the selected candidate will include:

• Lead operational work (policy dialogue, lending and supervision, AAA), including being the Task Team Leader for Program for Results and Investment Projects of the Nigeria Energy Sector Portfolio.
• Develop relationships based on trust with various levels of Government officials to ensure Government led energy reforms through Power Sector Recovery Plan are implemented.
• Provide inputs and guidance on financial restructuring/ financial viability of utilities as needed for public-private partnerships including promoting collaboration within the World Bank Group, especially relevant post-Covid 19.
• Create partnerships with Nigerian stakeholders as well as donors on design and implementation of energy sector interventions;
• Supporting teams on strategic energy issues and implementation of the sub-region’s access agenda including implementation of Nigeria Electrification Program, efforts to turnaround financial performances of utilities, maximize finance for development, increasing the participation of the private sector in energy;
• Actively participate in overseeing World Bank-supported energy country program in Nigeria with the aim to enhance quality and pro-poor focus and accelerate implementation;
• Work with IFC and MIGA for a WBG collaboration on potential PPP opportunities in Nigeria;
• Develop and maintain close relationships with local public and private stakeholders, support policy dialogue and keep abreast of developments in the energy sector.

This internal requisition is open to WBG staff as well as External candidates.

Selection Criteria

• A Masters’ level degree in engineering, energy planning, finance, economics, business administration or equivalent areas;
• At least 8 years of relevant experience in the energy sector with demonstrated ability to engage credibly on a range of issues in the energy sector in different regions;
• Prior experience of having worked in Nigeria power sector based in Nigeria for at least two years is essential requirement;
• Operational experience in energy sector investment finance, with good understanding of energy issues and recent technological advancements and business models;
• Operational experience in the following areas is highly desirable: energy policy and tariff regulation analysis and advisory, utility regulation, power market development and regional integration, off-grid electrification, gas-to-power Value Chain, project development and execution, utility commercialization and project finance.
• Experience in utility financial analysis and/or utility reform and ability to develop solutions (e.g. financial recovery plans, utility debt restructuring, payment collection improvement, tariff methodology and adjustment, operations performance improvement, etc.); financial modeling of utilities including working across sectors with different departments like MTI Global Practice of WB equivalent;
• Hands-on project management experience, an ability to efficiently manage many activities simultaneously, a flair for problem-solving and an ability to self-navigate through complex bureaucratic environments;
• Problem-solving and solution-driven approach backed by a passion for cross-sectoral development challenges;
• Excellent interpersonal skills and proven ability to build strong partnerships with clients, different stakeholders and colleagues across units and departmental boundaries in a multi-cultural environment with virtual teams located in different countries;
• Work experience in multilateral institutional, especially in Sub-Saharan Africa, would be an advantage;
• Good written and oral communication skills in English;
• Ability to communicate complex issues in simple terms and to engage in evidence-based dialogue with clients;

Required Professional Competencies:

• Knowledge and Experience in Development Arena – Understands policy making process; distills operationally relevant recommendations/lessons for clients.
• Policy Dialogue Skills – Identifies and assesses policy issues and plays an active role in the dialogue with the government and/or other stakeholders.
• Integrative Skills – Working to develop an integrated view across all facets of current sector.
• Energy Sector Technologies – Direct experience with depth in at least one area: power generation, transmission and distribution, renewables, energy efficiency, etc.
• Energy Policy, Strategy and Institutions – Familiarity with energy policies, strategies, institutions, and regulations.
• Lead and Innovate – Develops innovative solutions.
• Deliver Results for Clients – Proactively addresses client’s stated and unstated needs.
• Collaborate Within Teams and Across Boundaries – Collaborates across boundaries, gives own perspective and willingly receives diverse perspectives.
• Create, Apply and Share Knowledge – Applies knowledge across WBG to strengthen solutions for internal and/or external clients.
• Make Smart Decisions – Interprets a wide range of information and pushes to move forward

WBG Core Competencies:

• Lead and Innovate – Develops innovative solutions with others.
• Deliver Results for Clients – Achieves results and identifies mission-driven solutions for the client.
• Collaborate Within Teams and Across Boundaries – Initiates collaboration across boundaries and broadly across the WBG and brings differing ideas to the forefront.
• Create, Apply and Share Knowledge – Creates, applies and shares knowledge from across and outside WBG to strengthen internal and/or external client solutions.
• Make Smart Decisions – Recommends and takes decisive action.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

Application Closing Date
8th September, 2020 at 11:59pm UTC.

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

Job Title: Investment Officer – Infrastructure Africa

Job #: req8478
Location: Lagos
Organization: IFC
Sector: Investment
Grade: GG
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment

Description
IFC – a sister organization of the World Bank and 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 2019, we invested more than $19 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

Sustainable infrastructure is critical for addressing developmental challenges in emerging markets. IFC offers long-term financing and industry-leading expertise to develop infrastructure projects that provide essential services – including energy & electricity, telecommunications, transportation, water & and sanitation, natural resources – in partnership with the private sector. As part of the World Bank Group, we also work with governments and development partners to create a business environment that attracts private capital to infrastructure sectors.

The Africa Infrastructure team is seeking an Investment Officer for our office in Lagos, Nigeria. The selected candidate will report to the New Business Manager Infrastructure, Southern Africa, Nigeria and East Africa.

Duties and Accountabilities

• The Investment Officer will identify new investment opportunities, execute transactions and actively manage portfolio projects predominantly in Nigeria.

Business Development:

• Source and assess opportunities, identify bankable projects in Nigeria anticipating market trends and employing sector/country knowledge; synthesize information into internal reports for decision making purposes.

Structuring and Negotiation:

• Evaluate, structure, negotiate, and close new debt and equity transactions, portfolio restructurings, capital increases, equity sales, etc.
• Develop innovative and appropriate financial structures for complex transactions.

Deal Execution and Transaction Management:

• Deliver all transactions and accountabilities of the role efficiently, on a timely and expeditious basis and using best practice standards
• Ensure that defined transactional requirements recorded in documentation are executed accordingly
• Monitor the portfolio and report development results internally and externally
• Coordinate closely with social, environmental, legal, and technical assistance colleagues in structuring transactions, to add value to our clients’ businesses, find pragmatic solutions to project and sector challenges, and achieve sustainable development impact.

Strategy Development and Knowledge Sharing:

• Contribute to drafting strategies for sectors, countries, or regions for business development; and develop and execute strategies for more complex client engagements with the objective of building a robust investment pipeline
• Build IFC’s knowledge base for best practices and participate in knowledge sharing and dissemination
• Initiate collaboration and share expertise as a subject matter expert, providing advice, peer review and contribution to knowledge products across WBG to strengthen internal and/or external client solutions
• Promoting the IFC brand and representing IFC at various conferences and workshops.

Coordination with WBG:

• Support World Bank and MIGA colleagues on sector reform and unblocking constraints to attracting private sector capital.

Mentoring and Coaching:

• mentor and coach less-experienced colleagues to help build talent and grow the skill base of staff.

Selection Criteria

• Master’s Degree in Finance or similar relevant education.
• 10 – 12 years of experience with a development finance institution, a commercial bank, an international financial institution or a private equity firm with tasks related to private sector financing.
• Proven track-record of sourcing, structuring and closing private investment projects in infrastructure sectors, ideally including investments in Africa.
• Strong business development and client relationship skills demonstrated by track record; sound business judgment in screening and identifying leads.
• Deep industry and market knowledge of at least one infrastructure sector (energy & electricity, telecommunications, transportation, water & and sanitation, natural resources); telecoms experience is a plus; understanding of infrastructure challenges faced by countries within the region.
• Ability to interact directly and independently with the senior management of potential clients, financial and technical partners as well as senior government officials
• Project finance and equity investment experience is essential; strong credit skills backed by references and deal sheet; demonstrated ability to structure complex debt and equity transactions.
• Track record of portfolio supervision of complex projects.
• The position requires regional and international travel; hence the candidate should be willing and open to travel.
• Excellent verbal and written communication skills in English; French is a plus.
• Strong inter-personal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds.
• Highly motivated, committed to highest ethical standards.
• Genuine commitment to sustainable development.

Application Closing Date
22nd September, 2020 at 11:59pm UTC.

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

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