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
The IDB Lab is looking for a dynamic and client-oriented individual to support the investment officers in our fund of funds strategy as part of its Investment Unit team in headquarters.
You will work in the VCI Division (LAB/VCI) at IDB Lab, responsible for originating and managing the portfolio of reimbursable operations. (LAB/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 to support specific ventures with outstanding socioeconomic or environmental impact potential. IDB Lab adds relevant value to those ventures during their business consolidation and initial 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
- Coordinate efforts of roll-out and implementation of IDB Lab scouting and screening (process, โCall for Proposalsโ, in close support and coordination with the leading Investment Officers as well as other internal teams. This may involve activities such as deck analysis, call and/or meet with prospects and evaluate investment opportunities.
- Assist the LAB/VCI team in investment due diligence analysis, project documents preparation, and other approval processes, in close coordination with other teams such as Legal, Institutional Integrity, Development Effectiveness and Environmental and Social Team, among others.
- Support the supervision of the portfolio of operations and assist the team in the portfolio management of projects under execution in IDB Labยดs fund investments portfolio.
- Prepare periodic reports extracting lessons and perform detailed analysis of the proposals received through the Call for Proposals, identifying findings and trends regarding: 1) GP profile (track record, past returns), 2) target markets (primary/secondary), sectors and stages, 3) fund size vis-a-vis fund investment strategy/geographic focus, 4) approach for gender and diversity, 5) fund terms & governance, 6) business and impact KPIs, among other relevant aspects.
- Support the execution of knowledge sharing/development and connection related activities, such as the organization of IDB Labยดs annual Fund Managers Meeting, production of thematic studies, fundsยด portfolio evaluation, update the database of contacts, among others.
- Support IDB Labโs Chief Investment Officer and Investment Officers in the creation of any strategic guidelines and documents for the fund investment strategy.
What you'll need
โข Education: Bachelorโs degree or equivalent (in areas related to Finance, Business, or related field). CFA will be highly valued.
โข Experience:
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- At least 2 years of experience in investments, preferably venture capital, with relevant transactional track record (including the preparation of Investment Memoranda, presentation to Investment Committees, terms and conditions negotiations). Experience in Latin America and the Caribbean will be highly valued.
- Work experience in top-tier venture capital and private equity funds, startups, or M&A, with LAC exposure, is a strong plus.
โข Languages: Oral and written proficiency in English and Spanish is required; knowledge of Portuguese and/or French is a plus.
Requirements
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.
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
International consultant Full-Time, 12 months (up to 36 months).
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.
-Leaves and vacations: 2 days per month of contract + gender-neutral parental leave.
-Health Insurance: the IDB Group provides a monthly allowance for the purchase of health insurance
-Savings plan: The IDB Group cares about your future, depending on the length of the contract, you will receive a monthly savings plan allowance.
-We offer assistance with relocation and visa applications for you and your family when it applies.
-Hybrid and flexible work schedules
-Development support: We offer learning opportunities to boost your professional profile, such as seminars, 1:1 professional counseling, and much more.
-Health and well-being: Access to our Health Services Center that provides preventive care and health education for employees.
-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.
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