Underwriter

Company: World Bank Group
Location: Washington
Posted on: March 18, 2025

Job Description:

UnderwriterJob #: req32057Organization: MIGASector: OperationsGrade: GFTerm Duration: 3 years 0 monthsRecruitment Type: International RecruitmentLocation: Washington, DC, United StatesRequired Language(s): EnglishPreferred Language(s): French, Spanish & /or RussianClosing Date: 3/26/2025 (MM/DD/YYYY) at 11:59pm UTCDescriptionThe Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group with a mission to promote foreign direct investment into developing countries to help end extreme poverty and boost shared prosperity on a livable planet. MIGA houses the World Bank Group (WBG) guarantee platform which brings together products and experts from the World Bank, International Finance Corporation (IFC), and MIGA for simplicity, efficiency, and speed. MIGA serves as a one-stop shop for all WBG guarantee business, providing the best guarantee solutions for clients to meet project needs and development priorities.MIGA's Operations Department (MIGOP) leads MIGA's guarantee business development and origination activities, structures transactions, leads projects through the underwriting and approval process, and manages guarantees portfolio. Within MIGOP, the Global Transaction Team (GTT) is a dedicated team of Analysts, Underwriters, and Senior Underwriters with a focus on underwriting MIGA's guarantee transactions.MIGOP is seeking a highly experienced, motivated, and proactive Underwriter with strong project finance, public sector finance, political risk insurance, and/or trade finance underwriting skills, as well as client and new business origination skills, preferably gained in the energy and general infrastructure or financial sectors.While reporting to the Manager for GTT, the day-to-day activities of the Underwriter will focus mainly on leading transaction teams (comprised of individuals from across the Agency) and underwriting guarantee transactions as the transaction team lead. Depending on experience, the activities may also include supporting business origination and transaction structuring activities.DUTIES AND RESPONSIBILITIES

• Lead a multi-disciplinary transaction team within MIGA through the transaction underwriting and approval process, including the organization and coordination of due diligence meetings and missions.
• Conduct sector and project risk assessments, including contractual risk allocation and the technical and commercial viability of the investment project.
• Prepare and use complex financial models to analyze the financial viability of the investment project or support credit analysis for credit enhancement transactions.
• Work together with risk management officers to analyze country/sub-sovereign/project risks and mitigants.
• Collaborate with risk management officers and the transaction team to conduct development impact analyses of investment projects.
• Develop recommendations for the contract of guarantee terms and conditions.
• Lead the negotiation of new contracts of guarantee with prospective guarantee holders and/or their advisors.
• Engage closely with MIGA's clients and conduct due diligence meetings with host country government officials.
• Prepare high-quality guarantee proposal documents and present them for consideration to MIGA's Senior Management and Board of Executive Directors.
• Support MIGA's new business origination and client management efforts aimed at generating a robust pipeline of business.
• Create and deliver new business origination-focused presentations to sponsors, government officials, and financial institutions.Selection Criteria
• Must have a Master's degree (e.g., in Finance, Economics, International Business, or related field) and at least 5 years' relevant experience.
• Solid work experience related to negotiating complex financial and guarantee contracts.
• Extensive knowledge of emerging markets finance and economic development.
• Demonstrated high-level understanding of political, sovereign risk guarantee products.
• Demonstrated technical underwriting skills and proven track record in complex project risk underwriting.
• Excellent analytical and communication skills (both written and oral).
• Effective interpersonal skills and ability to interact and lead effectively with clients and colleagues.
• Ability to work independently and as a Transaction Team Lead.
• Fluency in spoken and written English required, and fluency in French, Spanish and/or Russian desired.The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave. We are proud to be an equal opportunity and inclusive employer.
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Keywords: World Bank Group, Washington DC , Underwriter, Other , Washington, DC