Operations Officer at IFC – Johannesburg, South Africa

April 20, 2010 | Posted by admin | 241 views

Close Date: 22-Apr-2010
Background / General description:

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is a global investor and advisor committed to promoting projects in its developing member countries that are economically beneficial, financially and commercially sound, and environmentally and socially sustainable
IFC finances private sector investments, mobilizes capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and advice to governments and businesses in the developing world. The Global Financial Markets Department s Housing Finance Group aims to increase the availability and affordability of residential housing in developing countries. It does so by introducing a steady source of new housing finance product ideas, technical assistance, strategic formulations, policy, procedures and effectiveness measures to better meet client requirements and leverage the IFC s own resources. The IFC employs a broad range of financial and non-financial tools to develop and improve primary and secondary mortgage markets and their financial mechanisms.
Duties and Accountabilities:

# Among other duties the specialist will be called upon to: Lead/support the appraisal, structuring, negotiation and processing of housing finance projects

# Lead/support the growth of the housing finance investment portfolio in the region by taking a pro-active role in both developing new business and processing and closing of housing finance investment transactions;

# Lead the supervision of projects, including client interaction, analytical assessments, on-site reviews and the preparation of internal report documentation

# Manage/support client relationships, particularly with respect to advisory services

# Contribute to the evaluation of mortgage markets and to IFC s regional strategy of mortgage markets and their implementation;

# Lead/support the fundraising process for housing finance advisory interventions

# Provide best-practice and technical advice to IFC staff and external clients

# Maintain good relationships with clients and government officials, develop marketing and training tools for housing finance;

# Mentor and coach less-experienced investment staff; and

# Build best-practice and participate in knowledge dissemination.
Selection Criteria:

# Master s degree in finance, economics or other related areas; accreditation as a CFA or CPA is considered a plus;

# 8+ years of experience in the housing finance business, with evidence of growing expertise in a variety of housing finance related disciplines : origination, servicing and operations of primary and secondary market activities; project and institutional risk management; real estate based lending; and credit underwriting; portfolio supervision; regulatory work in banking supervision of commercial or specialized mortgage lending institution. Experience in mortgage-backed securitization will be considered a plus.

# Strong analytical and problem solving skills to identify issues and present creative, practical solutions;

# Capacity to deal with conflicting priorities and deliver high quality work on schedule; facility to work successfully in multicultural teams and across boundaries;

# Ability to build and maintain relationships with the business community and governmental authorities; and

# Excellent presentation skills in English (oral and written); French is highly desirable. IFC offers a highly challenging and rewarding working environment with outstanding opportunities for professional growth, as well as attractive conditions. All applications will be treated in strictest confidence. Only applicants selected for interviews will be contacted.
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http://applicant.worldbank.org/psc/HRERECP/EMPLOYEE/HRMS/c/ROLE_APPLICANT.ERVIEWJOBS_PASSKEY.GBL?JOB_REQ_NBR=100731

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