Insurance Officer

World Bank Group • Washington, DC

15d

About The Position

Build a career with impact. Working at the World Bank Group (WBG) provides a unique opportunity to help countries solve their greatest development challenges. As one of the largest sources of funding and knowledge for developing countries, the WBG is a unique partnership of five global institutions dedicated to ending poverty, increasing shared prosperity, and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, the WBG works with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges.
The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions, and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.

The successful candidate would join IFC’s Insurance Services Group (CIRTI), a unit in Investment and Credit Risk Department. CIRTI is responsible for providing support to Investment Departments in all underlying investments covering assessment of risk and insurance issues, compliance with agreement covenants and guidance to clients.

CIRTI is seeking an Insurance Officer with expertise across a broad range of industry sectors (including Infrastructure and Natural Resources, Financial Institutions, Manufacturing, Agribusiness & Services), who will have primary responsibility for Insurance activities in Europe, Central Asia and LAC regions (location to be determined).

The location of the position will be Washington DC or such other location as may be agreed on a case by case basis, subject to HR and regional requirements and constraints.

Requirements

• Master university degree (finance, accounting, business, engineering) with international Insurance qualifications.
• Minimum of 8-10 years of working experience with a preference to those with 8 years in sophisticated construction and operational phase insurance within insurance industry.
• Significant experience of managing and supporting projects and related insurance needs in multiple geographical regions.
• Strong Familiarity with Industries and Sectors including Infrastructure, Energy, Financial Institutions, Manufacturing, Health and Education, among others.
• Demonstrated ability of leading cross-foundational teams to provide insurance guidance
• Applied knowledge of innovative risk transfer solutions.
• Demonstrated experience working and leading lenders’ insurance advisors workstream.
• Proven ability to effectively multi-task and training internal and external clients.
• Ability to work collaboratively across the organization with superior influencing and interpersonal skills, demonstrating the capacity to deliver results under stressful timetables and environment.
• Excellent negotiation skills and ability to seek innovative and constructive solutions to support IFC in achieving its financial and development goals.
• Self-starter with proven ability to work independently while being results-oriented, producing consistently high-quality results under tight deadlines. Highest standards of integrity. Strong independence of thought and ability to express candid opinions
• Recognized as a team player and a leader. Excellent interpersonal skills. Ability to build strong relationships across boundaries.
• Proven ability to work effectively under a complex matrix organization and multicultural environment.
• Excellent oral and written English skills

Nice To Haves

• fluency in European Languages preferred.

Responsibilities

• Establish, evaluate and monitor the insurance coverage of IFC’s investments. Prior to an investment being made, this will require careful identification and assessment of project risks and appropriate insurance solutions.
• Provide guidance to internal and external clients vis-à-vis risk assessment and insurance management value add service.
• Draft sustainable risk transfer proposal and insurance provisions in legal investment documentation.
• Negotiate insurance coverage with sponsors.
• Provide assistance to clients to achieve positive and sustainable development whilst developing local insurance markets in emerging countries.
• Provide leadership and guidance on non-recourse project financing involving multitude of Lenders without in-house capacity.
• Provide guidance to clients in handling insurance claims where needed.
• Provide value add guidance on operational risk for upstream projects incubated by IFC

Benefits

• The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level