Overview

Job Title: Climate Financial Specialist

Job ID: Req30212

The Sector: Climate Change

Job location: Dar es Salaam

The term duration: 3 years and 0 months

The Grade: GF

Type of recruitment: Local recruitment

The Closing date: November 17, 2025 ,  11:59 pm UTC

International Finance Corporation (IFC)

 

 

 

The Description:

The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution concentrating on the private sector in emerging nations. We operate in over 100 countries, leveraging our resources, experience, and influence to create markets and opportunities. Our purpose is to use the power of the private sector to end extreme poverty and promote shared prosperity on a livable world. For additional information, go to www.ifc.org.

The Financial Institutions Group (FIG) is one of IFC’s key industrial groupings, accounting for approximately 40% of the organization’s total transaction volume and capital at risk. FIG operates in a variety of sub-sectors, including microfinance, SMEs, gender, climate, insurance, capital markets, housing, distressed assets, and others, providing both investment and consulting services to IFC clients via the IFC’s global network.

 

The IFC’s priorities in FIG as an industry organization are:

  • Expand investment and advisory solutions in the region while maintaining high profitability and impact.
  • Develop new and maintain existing client connections to position IFC as the preferred partner for critical clients.
  • Manage a portfolio of assets to maximize profitability and effect.
  • Encourage local businesses while increasing transparency and corporate governance.
  • Encourage foreign investment by mobilizing B loans and parallel loans.
  • To introduce and create new financial solutions, products, and platforms.
  • Form long-term connections with powerful regional players.
  • Create client, sector, and country-level solutions using upstream and downstream interventions that can be scaled and duplicated.
  • Be a worldwide thinking leader and pioneer in product and client solutions.
  • Meet high climate finance investment targets across several industries within FIG.

 

Climate Business is one of the WBG’s strategic priorities, and the IFC has set an ambitious climate action plan with a target of 35% by 2025.

The goal (focus) is to help IFC’s client FIs build viable and scalable climate finance operations by leveraging their client base and forming partnerships with a variety of market players such as energy utility companies, energy service companies, equipment vendors, international supply chains, and other stakeholders who support climate-smart investments and emissions reduction.

IFC is looking for a Climate Specialist to help develop a successful FIG Climate Business program in East and Southern Africa. The Specialist will collaborate with a multidisciplinary team to help partner financial institutions and other program partners develop and implement the program. The Specialist will also collaborate closely with the worldwide network of practitioners to contribute and share information and best practices. S/he will also be in charge of collaborating with a wide range of public and private sector stakeholders to identify climate business opportunities in the subregion, as well as disseminating lessons learned from the IFC’s program in order to have a significant impact on the subregion’s sustainability and climate change agenda through financial institutions. The Specialist will be based in Dar Es Salaam, Tanzania, and will be expected to travel regionally. The Climate Finance Specialist will be responsible to a Senior Climate Specialist stationed in Africa.

The Specialist is required to assist the FIG regional team in generating new business leads for investment and advisory services, as well as implementing and monitoring a portfolio of investment and advisory projects with financial institutions (FIs) related to the product. He/she will be responsible for assisting the FIG team in the creation of product strategy, assisting Client Relationship Leads, and providing technical expertise and assistance to AS and IS transactions across the project life cycle, from business development to oversight.

 

 

 

The duties and responsibilities will include, but are not limited to:

  • To work with the regional Climate team to create new possibilities, manage internal and external stakeholders, process investments, and manage portfolios.
  • To collaborate on client strategies/engagement plans, as well as pitch books for industries and countries, with a focus on climate and financial intermediaries.
  • Develop and maintain relationships with mid-level clients and other stakeholders (government, development partners, and WBG) in order to identify commercial prospects.
  • To analyze potential clients’ operational and financial performance, as well as their credit and integrity risks.
  • Conduct assessments on Paris Alignment and Climate Risk in investments.
  • To build complicated financial models, conduct due diligence and financial research, and/or give quality control on financial analysis/projections created by analysts to assess the advantages and risks of transactions.
  • To assess and describe the impact on development, as well as the IFC’s role/additionality in climate-related deals.
  • To lead climate risk and opportunity evaluations for investment transactions, leveraging learning from IFC’s previous investments and portfolio management.
  • Collaborate with internal stakeholders (legal, environmental, and social specialists, and economists) to discover strategies to improve project development impact and financial sustainability.
  • Conduct credit and risk assessments, financial projections, covenant compliance evaluations, impact reporting, and monitor changes to risk flags to determine the performance of the allocated portfolio with minimum supervision.
  • Be responsible for quarterly rating reviews or loan loss reserves for the assigned portfolio. Run equity valuation models to see whether the exit strategy should be modified.
  • To supervise and guarantee the integrity of portfolio reporting information generated by junior personnel, offering a more comprehensive industry, sub-sector, and country perspective on project risks and concerns.
  • To engage with mid-level project customers to understand their business directions and issues, which may lead to new opportunities, and assist in the construction of client engagement plans, if needed.
  • To make follow up with mid and senior level clients to resolve project-related issues.

 

 

The Selection criteria:

As the position necessitates extensive understanding of climate finance and its connection with financial institutions. The successful candidate will have:

  • A Master’s degree in finance, economics, or a related field; CFA or CPA certification is regarded comparable.
  • A minimum of (at least) 5 years of expertise sourcing, arranging, and closing investments in equity and debt, including capital markets, with a focus on financial intermediaries.
  • A thorough understanding of the financial mechanisms used to fund climate-friendly initiatives, as well as how banks, insurance firms, capital markets, and other financial intermediaries normally operate in the climate-friendly financing space.
  • An extensive knowledge of Asia’s clean energy and environmental markets, as well as international best practices and industry trends.
  • Participate successfully, one must have a good awareness of the perspectives of commercial banks, insurance firms, and other financial intermediaries, including their business drivers, scope of operations, and interests.
  • The expertise or experience with measures and techniques for measuring climate investments, such as GHG accounting.
  • An awareness of IFC Climate Definitions, ICMA Principles, and Climate Risk.
  • A thorough understanding of IFC financial instruments, requirements, primary investment agreements/standard contracts and conditions, all aspects of transactions to provide input for optimal structuring of a prospective opportunity, and internal deal and portfolio processing.
  • Knowledge/ understanding of industry drivers, business/market development cycles, how business success and long-term competitiveness/viability are judged within industries, and how industry dynamics may change within a country/region.
  • A proven analytical, financial analysis, equity valuation, and financial modeling skills are required to examine and draw conclusions from firm financial information or initiatives, as well as industry indications. Able to supervise and provide quality control input on financial models created by analysts.
  • Grasp of credit and non-financial risks associated with simple projects and specific components of a complex project, as well as how to successfully reduce such risks based on a grasp of how the IFC evaluates risk/reward ratios.
  • Capability to identify hurdles to market creation prospects in a given country by drawing on relevant corporate expertise and synthesizing information on the local regulatory and economic backdrop, industry/sector and landscape, and constraints customers face when expanding their business.
  • Ability to form productive and mutually advantageous relationships/networks both within and externally in order to uncover business prospects, consider alternative structures, and handle challenges.
  • An excellent written and verbal communication, as well as presenting abilities, are required to effectively influence client perception and support.
  • The ability to create brief, well-organized documents and reports that are suitably focused on the most important topics pertinent to the target audience.
  • The ability to provide valid viewpoints and new insights about project outcomes with project leaders in a succinct, unified, and focused way.
  • The excellent oral and written presentation abilities in English are necessary.