Insurance Officer – Investment and Credit Risk at World Bank Group

Duties and Accountabilities

• Establish, evaluate and monitor the insurance coverage of IFC’s investments. Prior to an investment being made, this will require careful identification and assessment of project risks and appropriate insurance solutions.
• Provide guidance to internal and external clients vis-à-vis risk assessment and insurance management value add service.
• Draft sustainable risk transfer proposal and insurance provisions in legal investment documentation.
• Negotiate insurance coverage with sponsors.
• Provide assistance to clients to achieve positive and sustainable development whilst developing local insurance markets in emerging countries.
• Provide leadership and guidance on non-recourse project financing involving multitude of Lenders without in-house capacity.
• Provide guidance to clients in handling insurance claims where needed.
• Provide value-added guidance on operational risk for upstream projects incubated by IFC 

Selection Criteria

• Master’s university degree (finance, accounting, business, engineering) with international Insurance qualifications.
• Minimum 5 years of working experience with a preference to those with experience in sophisticated construction and operational phase insurance within the insurance industry.
• Sound familiarity with Sub-Saharan Africa insurance and reinsurance market, including CIMA country operations.
• Strong Familiarity with Industries and Sectors, including Infrastructure, Energy, Financial Institutions, Manufacturing, Health and Education, among others.
• Demonstrated ability to work with cross-functional teams to provide insurance guidance
• Applied knowledge of innovative risk transfer solutions.
• Demonstrated experience working and leading lenders’ insurance advisors workstream.
• Ability to effectively multi-task and training internal and external clients.
• Ability to work collaboratively across the organization with superior influencing and interpersonal skills, demonstrating the capacity to deliver results under stressful timetables and environments.
• Self-starter with proven ability to work independently while being results-oriented, producing consistently high-quality results under tight deadlines.
• Proven ability to work effectively under a complex matrix organization and multicultural environment.
• Excellent presentation skills.
• Excellent oral and written English skills: fluency in a second language, preferably French.

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