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 to support the investment officers in loan operations as part of its Investment Unit team in Santiago, Chile.

The Investment Unit (INV) at IDB Lab is the unit responsible for originating and managing the portfolio of reimbursable operations (equity and debt).  IDB Lab Investment 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 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 you’ll do

• In collaboration/coordination with IDB Lab Ecosystem Building (EB) Unit specialist in Chile,  originate deal flow that could become potential loans opportunities, mainly, by working and developing relationships with public and private institutions that support entrepreneurs as well as with the Investment Officers in the different countries across the region.

• Assess loans opportunities in high impact and high growth start-ups and SMEs, 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.  

• Keep track and record all the loans opportunities analyzed by the INV team annually and update the internal systems (AirTable and SalesForce) to reflect the selection process.

• Prepare strategic documents related to IDB Lab’s loans.

• Support discussions, comments, and interactions in key investment review instances.

• Support the Investment Officers in the supervision of loan positions within the IDB Lab’s financial portfolio, adding value to foster these firm’s impact and growth.

• Coordinate with other IDB Lab units the preparation of IDB Lab country reports, including portfolio, pipeline and potential pipeline information.

• Handle relationship with the Representation in Chile on behalf of the INV team.

• 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 five years of transactional experience in debt operations in a financial provider institution (banks, debt funds, investment banks, etc.), with relevant 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.

•  Expertise analyzing and/or monitoring complex financial conditions and covenants.

• Expertise in optimizing credit processes (origination, underwriting, pricing, administration, monitoring, and management), including audit data.

•    Languages:  Oral and written proficiency in English and Spanish is required; knowledge of Portuguese and/or French is a plus.

Key skills

Requirements

•    Citizenship: You are either a citizen of Chile or a citizen of one of our 48-member countries with residency or legal permit to work in Chile.

•    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 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 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.

· Hybrid and flexible work schedules.

· Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for all employees.

· 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 IDB Lab

IDB Lab is the innovation and venture laboratory of the Inter-American Development Bank Group. Our purpose is to 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 the development of new technologies, activate innovative markets and catalyze existing sectors. www.idblab.org.