Senior Energy Economist – World Bank, International Recruitment
|4 years 0 months
|Washington, DC,United States
|8/17/2023 (MM/DD/YYYY) at 11:59pm UTC
Description: Senior Energy Economist – World Bank, International Recruitment
Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work 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. Visit www.worldbank.org.
The Infrastructure Practice Group
Globally, 840 million people live more than 2 kilometers from all-weather roads, 1 billion people lack electricity, and 4 billion people lack Internet access. Access to basic infrastructure services is critical for creating economic opportunities for the poor. The Infrastructure (INF) Practice Group is charged with developing sustainable solutions to help close infrastructure gaps in developing and emerging economies. For more information: https://www.worldbank.org/en/topic/infrastructure
INF Vice Presidential Unit (VPU) currently consists of four global practices (GPs): Energy & Extractives (EEX), Transport, Digital Development (DD) and Infrastructure Finance, PPPs and Guarantees (IPG).
Energy and Extractives Global Practice (EEX)
Energy is at the heart of development. Energy makes possible the investments, innovations and new industries that are the engines of jobs, inclusive growth and shared prosperity for entire economies. Universal access to affordable, reliable and sustainable and modern energy – Sustainable Development Goal (SDG) 7 — is essential to reach other SDGs and is at the center of efforts to tackle climate change. For more information: https://www.worldbank.org/en/topic/energy
There are around 300 staff professionally mapped to the Energy and Extractives Global Practice, of which about 90 mapped to EEX global units. Remaining staff is within regional energy units. EEX has an annual lending program in the order of US$5-9 billion, an active portfolio of some $40 billion, and a rich program of Advisory and Analytical Work. Regional energy units oversee and develop lending and non-lending energy operations in different subsectors including renewable energy, energy efficiency, utility performance, grid and off-grid access, regulatory and policy reforms.
There are three global units for EEX: (a) the Infrastructure Energy Extractives Industry Unit (IEEXI) oversees and contributes to lending and non-lending activities in mining and hydrocarbon development with particular emphasis on transparency, governance, capacity building, and gender opportunities together with the regional units; and takes the leadership on global extractives initiatives; (b) the Infrastructure Energy Global Programs (IEEES) oversees mobilization and deployment of trust funds (the Energy Sector Management Assistance Program (ESMAP) and the climate funds); and (c) the Infrastructure Energy Global Knowledge & Expertise (IEEGK).
The Infrastructure Energy Global Knowledge & Expertise (IEGGK)
IEEGK staff are responsible for delivering on global analytical tasks and for supporting country and regional operational and analytical engagements, with cross support accounting for a large share of their work programs. At the global level, the IEEGK staff contribute to global analytical activities, aimed at expanding knowledge in strategic areas and helping operations’ design and implementation. At the country and regional levels, staff in IEEGK take the lead on embedding frontier global knowledge and expertise in infrastructure country engagements, including joining teams in lending and analytical operations, providing peer review services and supporting the INF’s efforts to shape the Bank’s narrative on energy transition and energy access.
IEEGK embeds a knowledge hub for economic and financial analysis. More specifically, the scope of the Hub includes economic analysis of projects (including financial analysis and analysis of distributive impacts across different stakeholders) and financial analysis of utilities to improve the production, retention, updating, and dissemination of knowledge among EEX regional units and task teams. The main objective of the Hub are to make more of the World Bank’s relevant knowledge readily available to energy task teams by (i) setting up a streamlined, simplified, and fit-for-purpose suite of tools and ensuring their adequate maintenance and dissemination; and (ii) providing targeted support to teams engaged in economic and utility financial analysis both at a project level or via Economic-Financial Analysis Labs.
Duties and accountabilities: Senior Energy Economist – World Bank, International Recruitment
The Senior Energy Economist will be part of the Economic and Financial Analysis Hub of the IEEGK. He/she will also support other areas of IEEGK’s work program, including the energy transition stream, the utility performance improvement stream and hydropower stream. The Senior Energy Economist will also be cross supporting regional operations.
Specific responsibilities will include:
- As a key member of the Economic and Financial Analysis Hub, act as one of the focal points of EEX on project economic and financial analysis issues
- Lead or contribute to the knowledge products of IEEGK focused on energy transition and utility performance improvement
- Produce guidance notes and tools focused on project economic and financial analysis to ensure high quality and consistency of analysis among the EEX operations
- Work with the knowledge management and learning officer to organize trainings and other knowledge sharing events focused on project economic and financial analysis
- Cross support regional energy teams with the economic and financial analysis of complex operations
- Lead or contribute to the global analytical work carried out by the IEEGK
- Represent the World Bank in meetings with other multilateral organizations and donors and in international forums
- Support senior management by preparing briefs on energy sector economic issues
- Serve as a peer-reviewer for energy sector engagements
- Carry out ad-hoc corporate tasks and corporate reviews as a staff member of the IEEGK.
Selection Criteria: Senior Energy Economist – World Bank, International Recruitment
- Master’s degree or PhD in economics, finance, business administration, utility regulation, energy systems, or equivalent areas
- At least 8 years of relevant energy sector experience
- Experience of work on energy policy and regulatory issues (e.g. energy subsidy reforms, tariff reforms, institutional reforms)
- Experience of economic and financial analysis of energy projects or companies
- Experience in senior positions with electricity utilities, project developers, power sector institutions (regulator, system or market operator, system planner, etc.) or similar.
- A consistent track record in carrying out high quality and timely analytical reports and activities
- Experience of working in Development Finance Institutions is desirable
- Operational experience of designing and implementing World Bank lending operations supporting policy and regulatory reforms (particularly DPFs) is desirable
- Excellent interpersonal skills and proven ability to build strong partnerships with different stakeholders and colleagues across units and departmental boundaries
- Excellent oral and written communication skills, including an ability to communicate complex issues in simple terms and to engage in evidence-based dialogue with regional energy teams and their client counterparts
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.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
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