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
IDB Lab is looking for a dynamic and client-oriented individual in climate and/or biodiversity finance to support the development and supervision of the Global Environment Facility (GEF) and the Green Climate Fund (GCF) portfolio within IDB Lab, including both operational and knowledge activities. This will include developing operations in line with both GEF and GCF programming directives and IDB Lab priorities, including promoting innovative approaches to climate change, forestry, land degradation, biodiversity, and inclusive cities.
The Venture Capital Investments Division (LAB/VCI) at IDB Lab is the division responsible for originating and managing the portfolio of reimbursable operations (equity and debt). 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, climate related funding as an example, to support specific ventures with outstanding socioeconomic or environmental impact potential. IDB Lab adds relevant value to those ventures during their business consolidation and 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
- Support the origination of deal flow that could become potential equity or loan operations, mainly, by engaging and developing relationships with public and private institutions that support entrepreneurs in Mexico and Guatemala.
- Assess equity and loans opportunities, including coordinating and participating in the screening and due diligence processes; perform financial modeling, credit analysis, market analysis, among others; and prepare investments pitches and memorandums.
- Provide support to Investment Officers in the supervision of GEF and GCF projects in Mexico and Guatemala.
- Provide support to Investment Officers in the supervision of the โLow-Emission Climate-Resilient Agriculture Risk Sharing Facility for Micro, Small and Medium Enterprisesโ, funded by the GCF and IDB Lab, and operations financed by the facility.
- Coordinate and liaise with the Bank's GCF teams on project pipeline, design, approval and implementation.
- Prepare annual and multi-year budgets, disbursement projections and Annual Performance Reports (APRs) for the โLow-Emission Climate-Resilient Agriculture Risk Sharing Facility for Micro, Small and Medium Enterprisesโ and operations financed by the facility.
- Participate in the review, and approval of funds' capital call disbursements on behalf of GCF resources.
- Oversee the day-to-day activities for management of the โLow-Emission Climate-Resilient Agriculture Risk Sharing Facility for Micro, Small and Medium Enterprisesโ at the field level.
What you'll need
โข Education: Bachelorโs degree or equivalent advanced degree in areas related to Finance, Business, or a related field.
โข Experience:
- At least two years of relevant experience in investment and loan origination with a proven track-record working with both equity and debt, with a clear focus on climate and/or biodiversity finance.
- Work experience in top-tier startups, venture capital and private equity funds, or M&A, with LAC exposure, is a strong plus.
- Experience in the evaluation of projects sponsored by GEF, GCF or/and other similar entities is a plus.
โข Languages:Proficiency in Spanish and English, spoken and written, is required. Additional knowledge of French and Portuguese is preferable.
Key skills Financial Analysis & ModelingโQuantitative AnalysisCommunication SkillsWriting and EditingChange ManagementCollaboration, Teamwork and InclusionClient Relationship ManagementDesktop Tools/Microsoft Office Suiteโ
Requirements
- Citizenship: You must be a citizen of one of the IDB's 48 member countries and have no family members currently working at the IDB Group.
- 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
- Type of contract: National Consultant Full-Time.
- Length of contract :12 months initially, renewable upon mutual agreement for up to a cumulative maximum of 36 months.
- Work Location: On site.
What we offer
The IDB Group provides benefits that respond to the different needs and moments of an employeeโs life. These benefits include:
โข A competitive compensation package.
โข Leave and vacations: 2 days per month of contract + gender-neutral parental leave.
โข Health Insurance: the IDB Group provides a monthly allowance for the purchase of health insurance.
โข Savings plan: The IDB Group cares about your future, depending on the length of the contract, you will receive a monthly savings plan allowance.
โข Hybrid and flexible work schedules.
โข Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for all employees.
โข Development support: We offer learning opportunities to boost your professional profile such as seminars, 1:1 professional counseling, and much more.
Our culture
At the IDB Group we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions.
Diversity, Equity, Inclusion and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.
About the IDB Group
The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean.
About IDB Lab
IDB Lab is the innovation and venture capital arm of the Inter-American Development Bank Group. We discover new ways to drive social inclusion, environmental action and productivity in Latin America and the Caribbean. IDB Lab leverages financing, knowledge and connections to support early-stage entrepreneurship, foster new technologies, activate innovative markets and catalyze existing sectors. www.idblab.org