IDB Invest - Portfolio Management Officer / Senior Officer – Infrastructure & Energy Sector – Location: Country Office in Latin American and/or the Caribbean.
ABOUT THE IDB Invest:
IDB Invest aims to be the partner of choice for the private sector in Latin America and the Caribbean. We finance projects to advance clean energy, modernize agriculture, strengthen transportation systems, and expand access to financing.
Like the Inter-American Development Bank (IDB), our commitment is to economic growth and social inclusion; that is central to our identity, as part of the IDB Group. But our focus is on the private sector.
As the private sector arm of the IDB Group, we know the region. We work where our clients are and can provide them with customized financing solutions and expert advice tailored to their specific industry and market.
IDB Invest is owned by its 47 member countries, 26 of which are in the Latin American and Caribbean region. Each country’s voting power is proportional to the number of IDB Invest shares it holds.
OUR CULTURE:
Our people are committed and passionate about improving lives in Latin America and the Caribbean, and they get to do what they love in a diverse, collaborative, and multicultural work environment. We are the first Latin American and Caribbean development institution to be awarded the EDGE certification, recognizing our strong dedication to gender equality. We encourage women, afro-descendants, Indigenous peoples, the LGBTQ+ Community, and persons with disabilities to apply. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request a reasonable accommodation to complete this application.
About this position
We are currently searching a dynamic professional to support the Portfolio Management Division in monitoring, from signature to repayment, a portfolio of loans and guarantees to private sector and non-sovereign guarantee counterparts primarily in the Infrastructure & Energy sector.
The Team: The Investment Operations Department (INO) follows a matrix model, with three segment divisions covering Infrastructure & Energy, Financial Institutions and Corporates, and three transversal areas such as the Financial Products Division (capital market solutions, resource mobilization, equity and mezzanine, and trade and supply chain finance), the Business Support Team, and the Portfolio Management Division.
What you will do:
The supervision will require regular and ad hoc analysis of the counterparts’ financial performance and reviews of the loan documentation to ensure compliance with contracts, covenants etc. The successful applicant will be the central point of contact for the clients assigned to their portfolio, identifying breaches, and proposing solutions to resolve contractual events, thereby ensuring the stability and financial health of IDB Invest’s portfolio of outstanding loans and guarantees.
Under the direct supervision of the Portfolio Head of Infrastructure & Energy projects, the position’s main responsibilities involve: Work autonomously and/or with other INO/PTM members in coordinating a portfolio of loan and guarantee transactions primarily with project finance and corporate counterparts. Acquire and analyze information to assess counterparty compliance with financing agreements and to mitigate risk. Conduct financial statement analysis, analyze financial projections, prepare risk rating proposals and periodic supervision reports to assess the credit standing of IDB Invest’s counterparts. Assess status/events affecting loans and guarantees and, where necessary, disseminate information/prepare recommendations for appropriate action and next steps. Engage directly with borrowers, shareholders, IDB Invest's B-lenders and co-lenders as well as agents and internal counterparts. Participate in client monitoring meetings. Follow on-going developments in the relevant industry sector(s). Ensure that assigned counterparts align with IDB Invest internal risk policies and guidelines liaising closely with IDB Invest's credit risk management, environmental and social, legal and finance departments, among others. Participation in activities that support inclusiveness (mentoring, recruitment, leadership development, on-boarding, etc.) Propose and support actions to improve and streamline internal processes. Contribute to the development and assessment of developmental effectiveness indicators. Collect and disseminate loan/guarantee credit risk information. Provide support to the Portfolio Management Division and the Investment Operations Department in all other tasks required.
Education: An advanced degree (at least Master’s, MBA, or equivalent) in Economics, Finance, Business Administration, Engineering, Development Studies, or other field.
Experience: At least eight (8) years for Senior Officer or six (6) years for Officer of professional relevant experience in the credit assessment and/or rating of corporate and/or project finance counterparts, gained within a bank, financial institution and/or rating agency.
Language: Proficient in Spanish and English required; knowledge of Portuguese and/or French is a plus.
Key skills
Technical track:
Learn continuously. Collaborate and share knowledge. Focus on clients. Communicate and influence. Innovate and try new things.
Requirements
Citizenship: You are either a citizen of one of Latin America or the Caribbean member countries or a resident with legal permit to work in one of these countries. Consanguinity: You have no family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.
Type of contract and duration
National staff contract, 36 months initially, renewable upon mutual agreement.
What we offer