World Bank Group
Underwriter
Job #:
req34635 Organization:
MIGA Sector:
Operations Grade:
GF Term Duration:
3 years 0 months Recruitment Type:
International Recruitment Location:
Washington, DC, United States Required Language(s):
English Preferred Language(s):
French, Spanish Closing Date:
11/10/2025 (MM/DD/YYYY) at 11:59pm UTC
Description The 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, 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. The platform provides three types of coverages: credit guarantees for loans to the public or private sector; trade finance guarantees for trade finance projects involving public entities; and political risk insurance against non-commercial risks for private sector projects or public-private partnerships. For more information, 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, trade finance and/or structured 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/Platform) and underwriting guarantee transactions as the transaction lead. Depending on experience, the activities may also include supporting business origination and transaction structuring activities. Through this role, the underwriter will develop a broad knowledge of the Platform’s guarantee activities by working on transactions across the Platform’s full product line and across regions and sectors (energy and extractives industries, infrastructure, financial institutions, capital markets, manufacturing, agriculture, services, etc.).
Responsibilities
Lead a multi-disciplinary transaction team (sector, legal, environment and social, climate finance, reinsurance, gender, integrity, risk, development impact, etc.) through the transaction underwriting and approval process, including organizing and coordinating 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.
Collaborate with risk management officers to analyze country/sub-sovereign project risks and mitigants and with credit risk officers to support analysis of state-owned enterprises.
Collaborate with risk management officers and the transaction team to conduct development impact analyses of investment projects, including assessing the contribution to the host country’s development and broader impact on industry and stakeholders.
Develop recommendations for guarantee terms and conditions, including appropriate structures and risk mitigants.
Lead negotiations of new contracts of guarantee with prospective guarantors, in coordination with the relevant Team Lead/Sector Manager and MIGA’s Legal Department.
Engage with clients, conduct in-country and virtual due diligence meetings with host country officials, and collaborate with partners (World Bank, IFC, and other development finance partners).
Prepare high-quality guarantee proposal documents and present them to MIGA’s Senior Management and Board of Executive Directors.
Support new business origination and client management efforts to generate a robust pipeline of business, in coordination with Senior/Sector Underwriters, Sector Managers, and Regional Heads.
As required, create and deliver new business origination-focused presentations to sponsors, government officials, state-owned enterprises, financial institutions, and relevant groups.
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 or an equivalent combination of education and experience.
Relevant experience includes analyzing and executing limited non-recourse project financing, commercial or public sector investments, trade finance, or other structured financial transactions, and financial analysis with a focus on complex transactions in the emerging markets (including infrastructure and energy sectors).
Solid work experience related to negotiating complex financial and guarantee contracts.
Extensive knowledge of emerging markets finance and economic development and understanding of project finance, credit guarantees, trade finance, investment insurance, structured finance, and/or FDI in emerging markets.
Demonstrated high-level understanding of political, sovereign risk guarantee products and their application in project and export finance banking.
Demonstrated technical underwriting skills and a proven track record in complex project risk underwriting, project finance, corporate finance, trade finance, and/or structured finance.
Excellent analytical and communication skills (written and oral).
Effective interpersonal skills and ability to interact and lead with clients and colleagues from diverse backgrounds under pressure.
Ability to work independently and as a Transaction Lead.
Fluency in spoken and written English; fluency in French and/or Spanish is a plus.
WBG Culture Attributes
Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.
We are an equal opportunity and inclusive employer and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Learn more about working at the World Bank Group and its values.
#J-18808-Ljbffr
Job #:
req34635 Organization:
MIGA Sector:
Operations Grade:
GF Term Duration:
3 years 0 months Recruitment Type:
International Recruitment Location:
Washington, DC, United States Required Language(s):
English Preferred Language(s):
French, Spanish Closing Date:
11/10/2025 (MM/DD/YYYY) at 11:59pm UTC
Description The 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, 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. The platform provides three types of coverages: credit guarantees for loans to the public or private sector; trade finance guarantees for trade finance projects involving public entities; and political risk insurance against non-commercial risks for private sector projects or public-private partnerships. For more information, 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, trade finance and/or structured 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/Platform) and underwriting guarantee transactions as the transaction lead. Depending on experience, the activities may also include supporting business origination and transaction structuring activities. Through this role, the underwriter will develop a broad knowledge of the Platform’s guarantee activities by working on transactions across the Platform’s full product line and across regions and sectors (energy and extractives industries, infrastructure, financial institutions, capital markets, manufacturing, agriculture, services, etc.).
Responsibilities
Lead a multi-disciplinary transaction team (sector, legal, environment and social, climate finance, reinsurance, gender, integrity, risk, development impact, etc.) through the transaction underwriting and approval process, including organizing and coordinating 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.
Collaborate with risk management officers to analyze country/sub-sovereign project risks and mitigants and with credit risk officers to support analysis of state-owned enterprises.
Collaborate with risk management officers and the transaction team to conduct development impact analyses of investment projects, including assessing the contribution to the host country’s development and broader impact on industry and stakeholders.
Develop recommendations for guarantee terms and conditions, including appropriate structures and risk mitigants.
Lead negotiations of new contracts of guarantee with prospective guarantors, in coordination with the relevant Team Lead/Sector Manager and MIGA’s Legal Department.
Engage with clients, conduct in-country and virtual due diligence meetings with host country officials, and collaborate with partners (World Bank, IFC, and other development finance partners).
Prepare high-quality guarantee proposal documents and present them to MIGA’s Senior Management and Board of Executive Directors.
Support new business origination and client management efforts to generate a robust pipeline of business, in coordination with Senior/Sector Underwriters, Sector Managers, and Regional Heads.
As required, create and deliver new business origination-focused presentations to sponsors, government officials, state-owned enterprises, financial institutions, and relevant groups.
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 or an equivalent combination of education and experience.
Relevant experience includes analyzing and executing limited non-recourse project financing, commercial or public sector investments, trade finance, or other structured financial transactions, and financial analysis with a focus on complex transactions in the emerging markets (including infrastructure and energy sectors).
Solid work experience related to negotiating complex financial and guarantee contracts.
Extensive knowledge of emerging markets finance and economic development and understanding of project finance, credit guarantees, trade finance, investment insurance, structured finance, and/or FDI in emerging markets.
Demonstrated high-level understanding of political, sovereign risk guarantee products and their application in project and export finance banking.
Demonstrated technical underwriting skills and a proven track record in complex project risk underwriting, project finance, corporate finance, trade finance, and/or structured finance.
Excellent analytical and communication skills (written and oral).
Effective interpersonal skills and ability to interact and lead with clients and colleagues from diverse backgrounds under pressure.
Ability to work independently and as a Transaction Lead.
Fluency in spoken and written English; fluency in French and/or Spanish is a plus.
WBG Culture Attributes
Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.
We are an equal opportunity and inclusive employer and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Learn more about working at the World Bank Group and its values.
#J-18808-Ljbffr