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Portfolio Assistant
Job Title: Portfolio Assistant
Location: Johannesburg, South Africa
Company: IFC
Job Summary: To support investment staff in the supervision and management of IFC's Sub-Saharan investment portfolio.
Job Description: The Financial Institutions Group has a growing portfolio and investment activities with commitments currently totaling over US$5 billion in 190 clients across Sub-Saharan Africa and MENA. The Portfolio Team of IFC's Financial Institutions Group (FIG) in Sub-Saharan Africa and MENA is seeking to recruit a Portfolio Assistant to support investment staff in the supervision and management of IFC's investment portfolio and business processing with focus on the Sub-Saharan portolio. This position is based in Johannesburg, South Africa, and the incumbent will be an integral member of a team of Investment Officers (IOs) working under the oversight of the Portfolio Manager (PM) based in Johannesburg. The roles and responsibilities may include but will not be limited to: 1. Provide procedural, administrative and analytical support to the appointment of nominee directors on the boards of portfolio clients; Track IFC participation in annual and extraordinary general meetings of shareholders of portfolio clients where IFC holds an equity stake. 2. Continually update the equity sales plan and prepare quarterly dividend projections in close coordination with investment officers and relevant internal departments. 3. Track and enforce quarterly completion status of Investment Rating Platform (IRP) actions and equity valuations on a quarterly basis; Prepare data and materials for quarterly portfolio review and watch list meetings. 4. Track and cancel committed but unutilized amounts; close dormant /inactive projects; enforce development outcome and reach data submissions on an annual basis; update entries in the loan loss reserve system. 5. Track the environmental & social performance of portfolio clients and pro-actively follow up with investment teams to ensure that action items are addressed in a timely manner. 6. Monitor and support collection of bills and fees related to portfolio activities and clients. 7. Ensure that collateral information has been entered into IFC’s collateral management system.
Requirements: Bachelor’s degree in finance, accounting or economics. Minimum 2 years’ relevant work experience in finance, banking or portfolio management in a major financial institution Excellent organizational and time management skills with proven ability to work promptly and efficiently under pressure and meet tight deadlines Sound numerical, analytical and conceptual skills, including prior exposure to analysis of financial statements of financial institutions or medium/larger sized companies; Demonstrated attention to detail and precision in analysis and presentation. Prior exposure to directorship appointments, social & environmental requirements for financial institutions, and credit ratings for financial institutions. Prior experience in interacting with mid-level technical/managerial counterparts at financial institutions or medium/larger sized companies. Demonstrated experience in extracting portfolio and client data from internal corporate databases. Strong skills in Excel including lookup and reference functions, advanced charting, conditional formatting, dashboards, analytical data tables, and in Power Point including knowledge of design views, outlines, slide transitions, background designs, customization, text & object enhancement, animation, slide show management. Strong written and verbal communication skills - demonstrated ability to communicate succinctly, clearly and persuasively. Experience from multicultural work environment and demonstrated knowledge of Africa region business culture and practices. Ability to think independently, analyze problems and identify appropriate solutions.
How to apply: Please apply online via: www.ifc.org
Closing Date: 10/04/2018
Additional information: The Financial Institution Group (FIG) is one of IFC’s key Departments responsible for a significant portion of IFC’s business volume, profitability and development reach, approximately 40%. FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered globally to IFC’s clients through IFC’s global network. FIG has three main objectives: 1) financial inclusion 2) servicing the real economy and 3) mobilizing third-party resources.
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