Location
Post of duty: Washington, District of Columbia, USA.
We improve lives
The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.
About this position
IDB Lab is looking for a dynamic and client-oriented individual to support third party private syndication and co-investment of resources for loan and equity operations as part of its Venture Capital Investments (VCI) team in HQ.
The Venture Capital Investments Division (LAB/VCI) at IDB Lab is the division responsible for originating and managing the portfolio of reimbursable operations (equity and debt). VCI has a systemic role of filling key funding gaps, bridging key connections in different fields (e.g. public and private) and mobilizing key ecosystem resources, from climate related funding to gender and diversity funding, to support specific ventures with outstanding socioeconomic or environmental impact potential. IDB Lab adds relevant value to those ventures during their business consolidation and expansion and fosters their impact towards solving some of the most pressing development and inclusion challenges of different sectors in LAC (Fintech, Edtech, Healthtech, Agtech/Biotech, etc.).
What youโll do
The main functions of the Syndication and Co-Investments Officer / Private Finance Operations Specialist will be to:
- Build the loan syndication and equity co-investment strategy to mobilize private sector resources to venture capital type of deals led by IDB Lab, in coordination with CIO.
- Structure and package loan syndication or equity co-investments, determining the terms and conditions, pitching the opportunity to potential lenders or co-investors and securing commitments, ensuring the deal is finalized and that the syndicate or co-investment is properly structured.
- Lead the development of relations and partners engagements for syndication of loans and co-investment of equity, in coordination with the respective Investment Officers, Portfolio Officers and CIO, setting a list of partners to circulate deals to.
- Ensure the correct accountability of loan syndication and equity co-investments as core mobilization.
- Work closely with the Finance, Resource and People team to process, record and collect the associated closing fees.
- Monitor the loan and equityโs performance, providing reports to partners, in coordination with Portfolio Management.
- Maintain and update the list of Syndication and co-investment deals in coordination with Portfolio Management.
- Engage GPS as a lead counterpart whenever a GPS-managed partner is part of the mobilization effort.
What you'll need
- Education: Masterโs degree in Finance, Business or other fields relevant to the responsibilities of the role. A CFA certification will be highly valued.
- Experience:
- At least four years of relevant transactional experience, preferably five years of relevant experience, in equity and debt operations in a financial provider institution (investment banking, commercial banking, or corporate finance), with relevant track record in mid-to-senior roles. Experience in Latin America and the Caribbean a will be highly valued.
- Expertise analyzing and/or monitoring complex financial conditions.
- Languages: Proficiency in Spanish and English, spoken and written, is required. Additional knowledge of French and Portuguese is preferable.
Please note that for this position, the final candidates will be required to successfully pass a background check to the satisfaction of the IDB Group, as a pre-employment condition, which will be conducted by third-parties.
Requirements
โข Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents.
โข 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
โข International: International staff contract, 36 months initially, renewable upon mutual agreement.
What we offer
The IDB group provides benefits that respond to the different needs and moments of an employee's life. These benefits include:
-A competitive compensation package, including an annual base salary expressed on a net-of-tax basis.-Leaves and vacations: 24 days of paid time off + 8 personal days + sick leave + gender-neutral parental leave.
-Health Insurance: IDB Group provides employees and eligible dependents with a robust medical benefits program that covers medical, dental, vision, preventive care, and prescription drugs.
-Pension plan: defined benefit pension plan that provides financial security and support employees in planning for their future.
-We offer assistance with relocation and visa applications for you and your family when it applies.
-Hybrid and flexible work schedules.
-Health and well-being: Access to our Health Services Center that provides preventive care and health education for employees.
-Development support: We offer tools to boost your professional profile, such as mentoring, 1:1 professional counseling, training and learning opportunities, language classes, mobility options, among others.
-Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, and others.
Our culture
At the IDB, we work so everyone brings their best and authentic selves to work while finding their purpose. Our people consistently strive for excellence, and we recognize and celebrate the impact of their contributions.
In our efforts to drive innovation, we intentionally include all voices, cultivate a sense of belonging and champion fairness. We welcome individuals from underrepresented groups to join us and share their unique perspectives.
We ensure that individuals with disabilities are provided reasonable accommodations to participate in the job interview process. If you require an accommodation to complete this application, please email us at accommodations@iadb.org.
Our Human Resources Team reviews carefully every application.