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
We are looking for a dynamic, client-oriented with strong analytical and financial skills individual to support the investment officer in debt operations as part of the Loans team in the Venture Capital Investments (VCI) unit.
The VCI team at IDB Lab is the unit responsible for originating and managing the portfolio of reimbursable operations (equity and debt). IDB Lab VCI Unit 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 innovative 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).
The loans team in VCI provides structured and venture debt financing to support growth and scale of early growth stage companies that are leveraging innovation and technology in their business models and addressing development challenges in LAC.
What you’ll do
- In collaboration/coordination with IDB Lab team members, originate and screen deal flow that could become potential debt opportunities, mainly, by working and developing relationships with private sector stakeholders as well as with the Investment Officers in the different countries across the region.
- Assess debt opportunities in high-impact and high growth start-ups and innovative companies, including coordinating and participating in the sourcing, screening, structuring and due diligence processes; performing financial analysis, financial modeling, supporting credit underwriting analysis, market analysis, coordinating with internal stakeholders, among others; and drafting investment concept notes and memorandums along the investment process.
- Keep track and record all the debt opportunities analyzed by the VCI team and update IDB Lab’s internal systems to reflect the sourcing and screening process.
- Prepare and support strategic documents and presentations related to IDB Lab’s loans portfolio, leads and pipeline.
- Support discussions, comments, and interactions in key investment review instances.
- Support the Investment Officers in the supervision of debt positions within the IDB Lab’s financial portfolio.
- Coordinate with other IDB Lab units the preparation of IDB Lab country reports, including portfolio, pipeline and potential pipeline information.
- Provide support to IDB Lab´s portfolio management team.
What you'll need
- Education: Master’s degree or equivalent (in areas related to Finance, Business, or related field). CFA will be highly valued.
- Experience:
- At least 5 years of concrete transactional experience in debt operations in a financial provider institution (corporate banking, debt funds, investment banks, etc.), with relevant and concrete track record in financial analysis and modelling, 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.
- Expertise analyzing and/or monitoring complex financial conditions and covenants.
- Expertise in optimizing credit processes (origination, underwriting, pricing, administration, monitoring, and portfolio management).
- 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. Must be eligible to work in job location(s) without the need for sponsorship.
Consanguinity: You have no family members (up to 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
Consultant: National consultant Full-Time, 12 months (up to 48 months, subject to eligibility).
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.
-Leave and vacations: 2 days per month of contract + gender-neutral parental leave.
-Health Insurance: the IDB Group provides a monthly allowance to supplement 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.
-On-site position with the occasional flexibility of teleworking.
-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.
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.