Senior Sector Economist – Infrastructure & Natural Resources – Private Sector Development
Senior Sector Economist – Infrastructure & Natural Resources, Private Sector Development
Based: Washington, DC
Background / General Description:
The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in developing economies around the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity.
As part of our commitment to creating a dynamic, creative and diverse working environment, we have launched a recruitment drive aimed to attract nationals of Sub-Saharan and Caribbean countries.
The infrastructure sector remains one of the organization’s key priorities under IFC 3.0, and IFC’s activities in sector have expanded significantly over the last few years. The Infrastructure and Natural Resources Industry Group (CNG), through its support for investment and advisory clients, expands the reach of services in the power, water and transport sub-sectors, and promotes sustainable oil, gas and mining.
The Infrastructure & Natural Resources Sector Economics team (CSEIN) is looking for a Senior Sector Economist, based in Washington, DC. As part of a 15-member team and reporting to the Head of CSEIN, the Senior Economist will be a key contributor to the various facets of strategy and economics work. S/he will work closely with CNG Management, investment staff, economists / strategists within CSEIN, as well as regional and IFC support department counterparts. S/he will also represent the group across the WBG and externally, and participate in a range of other functions.
Duties and Accountabilities:
- Contribute to the development of overall CNG strategy, sub-sector strategies, market/sector analysis, and annual planning documents.
- Coordinate CNG input on key IFC and WBG initiatives, including Maximizing Finance for Development (MFD).
- Support the Head in communications, knowledge/learning, and program management. More specifically, prepare briefs, reports, and presentations to various stakeholders including senior management and the Board, as well as external stakeholders, on issues in related to CNG work.
- Work with CNG investment teams to prepare economic assessments of IFC investment projects, including the projects’ direct and broader impact, as well as provide expert advice and support to operational teams and managers on trends, key risks, and sector analysis with particular attention to strategic fit, role/additionality and ex-ante development impact, during the project life cycle, in coordination with the industry specialists.
- Interface with other Industry Groups, Corporate Strategy, Climate Business department and IEG.
- Undertake strong analytical work based on rigorous applied economics in collaboration with CNG investment and advisory teams to inform both sector strategies and operational decisions and provide solutions for private sector development.
- Monitor and analyze trends and developments in the CNG space at the global, regional and country level, and produce reports with a focus on challenges, priorities, and opportunities for market creation and private investment in the sector.
- Supervise and mentor junior staff as needed.
- A graduate degree (PhD preferred) in economics/finance/public policy or other relevant graduate degree from a reputable university.
- An extensive relevant work experience demonstrating analytical skills in economics and private sector development work, with a focus on CNG issues in emerging countries. Familiarity with infrastructure sectors would be an advantage.
- Prior work experience focusing on the financial sector in a Development Finance Institution (DFI) or in the private sector, and track record of working on infrastructure development strategies and policy related aspects.
- Proven ability to undertake strong analytical work from conceptualisation to publication with limited supervision.
- Knowledge of IFC or similar operational and portfolio work and a good understanding of investment projects and areas of focus is desirable.
- Well versed in investment project development outcomes’ assessment tools and methodologies.
- Strong analytical and quantitative skills.
- Excellent written and verbal communication skills and ability to communicate effectively with high level stakeholders.
For further details and to apply, please visit the microsite.
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Closing date for applications: June 18 2018.