Renewable Energy Project Finance Analyst Job Vacancy in Barentu, Eritrea – Renewable Energy Finance
Job Description
Position:Renewable Energy Project Finance Analyst
Company:World Bank
Location:Barentu, Eritrea
Experience:5+ years in project finance within renewable energy sector
Education:Master’s degree in Finance, Economics, or related field
Employment Type:Full-time
Industry:Renewable Energy Finance
Department:Finance & Investment
Salary:150,000 SSP – 250,000 SSP per month
Vacancies:1
Company Overview
The World Bank is a leading international financial institution dedicated to reducing poverty and supporting sustainable development worldwide. In Eritrea, the World Bank collaborates with government agencies, private sector partners, and civil society to finance projects that drive economic growth, improve infrastructure, and promote environmental stewardship. Through its presence in Barentu, the Bank focuses on leveraging the region’s renewable energy potential to create resilient energy systems, stimulate local employment, and attract further investment. As part of its commitment to transparent and inclusive development, the World Bank offers a dynamic work environment where professionals can contribute to high‑impact projects that align with the United Nations Sustainable Development Goals.
Job Overview
The Renewable Energy Project Finance Analyst will play a pivotal role in structuring, evaluating, and managing financing solutions for renewable energy initiatives across Eritrea. Reporting to the Senior Investment Officer, the analyst will conduct financial modeling, risk assessment, and due‑diligence for solar, wind, and hybrid projects, ensuring alignment with both World Bank standards and local regulatory frameworks. This position offers a unique opportunity to influence the financing landscape of clean energy in Eritrea while working alongside a multidisciplinary team of engineers, economists, and policy experts.
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Key Responsibilities
- Develop detailed financial models for renewable energy projects, incorporating capital costs, operating expenses, revenue streams, and financing structures.
- Perform comprehensive risk analyses, including market, credit, operational, and environmental risks, and propose mitigation strategies.
- Prepare investment memoranda, term sheets, and loan documentation in compliance with World Bank policies and Eritrean regulations.
- Collaborate with project developers, government officials, and private investors to negotiate financing terms and secure funding commitments.
- Monitor project performance post‑disbursement, tracking financial covenants, cash flows, and key performance indicators.
- Support the preparation of periodic reports for senior management, donors, and stakeholders, highlighting financial health and impact metrics.
- Stay abreast of global renewable energy financing trends, policy changes, and emerging financial instruments such as green bonds and blended finance.
Required Skills
- Advanced proficiency in financial modeling software (Excel, VBA, or specialized tools).
- Strong analytical abilities with a focus on risk assessment and mitigation.
- Excellent written and verbal communication skills for preparing reports and presenting to diverse audiences.
- Knowledge of renewable energy technologies and market dynamics in East Africa.
- Familiarity with World Bank procurement and financing guidelines.
- Ability to work independently and as part of a cross‑functional team in a multicultural environment.
Education
A Master’s degree in Finance, Economics, Business Administration, or a related discipline is required. Professional certifications such as CFA, FRM, or PMP are considered an advantage.
Experience
Minimum of five years of experience in project finance, investment analysis, or structured finance, preferably within the renewable energy sector. Prior experience working with multilateral development banks or international donors is highly desirable.
Salary
The position offers a competitive salary ranging from 150,000 SSP to 250,000 SSP per month, commensurate with experience and qualifications. Additional performance‑based incentives may be provided.
Benefits
- Comprehensive health insurance covering employee and dependents.
- Retirement savings plan with employer contributions.
- Generous paid leave, including annual, sick, and parental leave.
- Professional development allowance for certifications and conferences.
- Relocation assistance for candidates moving to Barentu.
Training
- On‑boarding program covering World Bank policies, Eritrean regulatory environment, and renewable energy financing basics.
- Access to internal e‑learning platforms and external courses on green finance.
- Mentorship from senior investment officers and sector specialists.
Working Environment
The role is based in the World Bank Barentu office, offering a modern workspace equipped with high‑speed internet, collaborative meeting rooms, and a supportive team culture. Employees benefit from flexible working arrangements, including occasional remote work, while maintaining regular interaction with field teams and project sites across Eritrea.
Application Process
Interested candidates should submit an online application through the World Bank Careers portal, attaching a detailed CV and a cover letter outlining relevant experience and motivation for the role. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for virtual interviews followed by an on‑site assessment.
Equal Opportunity Statement
The World Bank is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, ethnicity, disability, or any other characteristic protected by law. All qualified applicants will receive consideration for employment.
