Date of last update: 01/11/2021 2021-11-01
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
The World Bank Group is one of the world's largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.
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Description
Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.
The Infrastructure Practice Group
Globally, 840 million people live more than 2 kilometers from all-weather roads, 1 billion people lack electricity, and 4 billion people lack Internet access. Access to basic infrastructure services is critical for creating economic opportunities for the poor. The Infrastructure (INF) Practice Group is charged with developing sustainable solutions to help close infrastructure gaps in developing and emerging economies. For more information: https://www.worldbank.org/en/topic/infrastructure
INF Vice Presidential Unit (VPU) currently consists of four global practices (GPs): Energy & Extractives (EEX), Transport, Digital Development (DD) and Infrastructure Finance, PPPs and Guarantees (IPG).
Energy and Extractives Global Practice (EEX)
Energy is at the heart of development. Energy makes possible the investments, innovations and new industries that are the engines of jobs, inclusive growth and shared prosperity for entire economies. Universal access to affordable, reliable and sustainable and modern energy – Sustainable Development Goal (SDG) 7 -- is essential to reach other SDGs and is at the center of efforts to tackle climate change. For more information: https://www.worldbank.org/en/topic/energy
There are around 300 staff professionally mapped to the Energy and Extractives Global Practice, of which about 90 mapped to EEX global units. Remaining staff is within regional energy units. EEX has an annual lending program in the order of US$5-7 billion a year, an active portfolio of some $40 billion, and a rich program of Advisory and Analytical Work. Regional energy units oversee and develop lending and non-lending energy operations in different subsectors including renewable energy, energy efficiency, utility performance, grid and off-grid access, regulatory and policy reforms.
There are three global units for EEX: (a) the Infrastructure Energy Extractives Industry Unit (IEEXI) oversees and contributes to lending and non-lending activities in mining and hydrocarbon development with particular emphasis on transparency, governance, capacity building, and gender opportunities together with the regional units; and takes the leadership on global extractives initiatives; (b) the Infrastructure Energy Global Programs (IEEES) oversees mobilization and deployment of trust funds (Energy Sector Management Assistance Program (ESMAP) and the climate funds); and (c) the Infrastructure Energy Global Knowledge & Expertise (IEEGK).
The Infrastructure Energy Global Knowledge & Expertise (IEGGK)
IEEGK staff are responsible for delivering on global analytical tasks and for supporting country and regional operational and analytical engagements, with cross support accounting for a large share of their work programs. At the global level, the IEEGK staff collaborate closely with INF's chief economist office on a programmatic series of global flagship studies, aimed at expanding knowledge in strategic areas and helping operations' design and implementation. At the country and regional levels, staff in IEEGK take the lead on embedding frontier global knowledge and expertise in infrastructure country engagements, including joining teams in lending and analytical operations, providing peer review services and supporting the role of Global Directors in quality enhancement activities for selected strategic operations and analytical tasks.
Duties and accountabilities:
The Senior Energy Finance specialist will act as the focal point on financial analysis in IEEGK. He/she will contribute to energy sector engagements focused on financial recovery of energy utilities, including analysis of financial situation of utilities, preparation of financial recovery plans underpinned, as necessary, with financial models. The Senior Energy Finance Specialist will also contribute to the engagements supporting clean energy transition by helping look into financing, cost and affordability aspects of transition. The Senior Energy Finance Specialist will interact closely with the energy economists and financial analysts helping facilitate consistency of financial analysis of energy utilities across the Energy and Extractives Global Practice. He/she will provide cross-support to energy task teams in select countries and lead/support global knowledge products.
Specific responsibilities will include:
• Act as the focal point for the EEX for questions involving utility financial analysis and project financial analysis
• Contribute to the analytical work, policy dialogue and lending operations in the energy sector focused on utility financial recovery issues
• Lead or contribute to the global analytical work focused on utility financial performance analysis and financial recovery
• Contribute to the energy sector engagements supporting clean energy transition/ decarbonization focusing on financing, cost and affordability issues of the transition
• Represent the World Bank in meetings with other multilateral organizations and donors and in international fora
• Support senior management by preparing briefs on energy sector financial issues
• Contribute to other global knowledge products produced by IEEGK
• Serve as a peer-reviewer for energy sector engagements focused on utility performance improvement
• Carry out ad-hoc corporate tasks and corporate reviews as a staff member of the IEEGK.
Selection Criteria
• PhD or Master's degree in economics, finance, business administration, accounting or a related field
• At least 8 years of relevant energy sector experience
• Demonstrated skills in financial modelling
• Demonstrated ability to develop solutions for utility turnaround, such as financial recovery plans, utility debt restructuring
• Experience of economic and financial analysis of energy projects
• A consistent track record in carrying out high quality and timely analytical reports and activities
• Experience of working in Development Finance Institutions is desirable
• Operational experience of designing and implementing World Bank lending operations supporting policy and regulatory reforms (particularly Development Policy Financing operations) is desirable
• Excellent oral and written communication skills, including an ability to communicate complex issues in simple terms and to engage in evidence-based dialogue with regional energy teams and their client counterparts.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories
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Type of contract: Staff (Permanent and Fixed Term)
Macro-area: Multiple
Level of experience: Senior Professional, more than 5 years
Area of work Definition: Banking and Finance
Type of organisation: Multilateral Organisations