Deadline: 24 August 2015
The International Finance Corporation (IFC) is currently seeking applications from the eligible applicants for the post of Senior Housing Finance Specialist based in Nairobi, Kenya.
IFC, the private sector arm of the World Bank Group, is a global leader, investor and advisor committed to projects in its developing member countries that reduce extreme poverty and boost shared prosperity.
Key Job Responsibilities
The Senior Housing Finance Specialist will perform the following functions-
- Lead the implementation of the housing finance strategy and program for one of IFC’s regions for both investment and advisory services. Evaluate markets for formal and informal sector housing construction and finance within the region, identify viable entry points for IFC. Identify potential collaborations with other departments of IFC and with the Global Practices of the World Bank Group.
- Create and execute business plans including staffing and other resources, both investment and advisory and collaboration with World Bank Group Global Practices, ensuring strong coordination between each. Monitor program budgets facilitating regular reporting, reviews and audits.
- Conduct the appraisal, structuring, negotiation and processing of housing finance projects.
- Drive 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 housing finance investment transactions.
- Supervise projects, including client interaction, analytical assessments, on-site reviews and the preparation of internal project documentation for results, sustainability and development effectiveness.
- Develop and manage client relationships.
- Contribute to the fundraising process for housing finance advisory services to the degree that any advisory projects are not priced to cover costs.
- Provide best-practice technical advice to IFC staff and external clients.
- Develop and maintain strategic relationships with clients and government officials, support the development of marketing and training tools for housing finance.
- Mentor and coach less-experienced investment and advisory services staff and help build talent and grow skill base of staff.
- Build teams, network of peers and partnerships for success; and
- Build IFC’s knowledge base for best practices in housing finance and participate in knowledge sharing and dissemination.
Eligibility Criteria
Applicants must have-
- Master’s degree in finance, economics or other related areas; accreditation as a CFA or CPA is considered a plus.
- Minimum 8-12 years of experience in housing finance, 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 transacting in or developing capital markets, particularly with mortgage-related securities, will be considered a plus.
- Strong financial and credit skills; demonstrated ability to structure a variety of complex financial instruments (debt and equity).
- Ability to interact directly and independently with the senior management of potential clients, of financial and technical partners as well as senior government officials.
- Good management skills with proven track record of success in developing client relationships and execution of client engagements.
- Knowledge and Experience in International Economic Development Arena and commitment to sustainable development.
- Excellent business judgment and strong analytical and problem solving skills to identify issues and present creative, practical solutions.
- Great team player, able to mentor and train more junior staff.
- Capacity to deal with conflicting priorities and deliver high quality work on schedule; facility to work successfully in multicultural teams and across boundaries.
- Excellent oral and written presentation skills in English are required; additional major languages such as French, Spanish, Chinese or Arabic are desirable.
How to Apply
Applications must be submitted through online process.
For more information, please visit IFC.
