Investment Specialist
Job Vacancy | Friday, March 22, 2024
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Join Our Mission to Foster Prosperity in Asia
Are you ready to make a lasting impact on the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.
Organizational Setting and Reporting Relationship
The position of Investment Specialist is assigned to the Portfolio Management Division (PSPM) within the Private Sector Operations Department (PSOD). You will be based at our Headquarters in Manila, Philippines.
You will report to Director, PSPM and will oversee both national and administrative staff.
Your Role
As an Investment Specialist, you will be working directly with clients, taking responsibility for a number of designated accounts within PSPM’s overall portfolio of debt, guarantees and other investments in infrastructure projects and corporates working in infrastructure, agribusiness, health and education sectors in developing Asia.
The Investment Specialist will be working directly with the Infrastructure / Corporate Finance team of PSPM, taking responsibility for the delivery of relationship management, credit supervision, development effectiveness for assigned portfolio, execution of active portfolio management strategies, and the overall management of a designated portfolio of accounts in DMC countries.
You will:
Project Management
- Assume primary account responsibility for a number of significant individual accounts. This includes client relationships, periodic reviews and updates, reporting and ensuring compliance with terms of approvals.
- Undertake the implementation and administration of private sector projects, ensuring compliance with transaction documents, covenants and reporting requirements, applicable policies and procedures and development effectiveness reporting.
- Initiate and support the monitoring, periodic review and progress reporting of project implementation, compliance with covenants and the achievement of desired development impact.
- For annual reviews, evaluate and review risk monitoring and evaluation, financial analysis, and proposes and oversee measures to mitigate identified risks. Raises key issues and applies proper risk management in projects.
- Provide project administration staff with guidance and functional support to ensure timely implementation and performance reporting, timely fielding of review missions, etc.
- Prepare, review or approve covenant compliance reports, waivers and amendments, annual reviews, ratings, and other documents submitted by project monitoring staff in connection with primary or secondary account relationships, such as fee payments, loan disbursements and repayments.
- Regularly monitor PSOD’s portfolio in terms of composition, size, quality, concentration, diversification, migration, valuation, and other criteria. Assess the impact of prospective new financings on existing portfolio.
- Ensure quality and consistency of reports and outgoing communications related to portfolio management. Upgrade and oversee the quality of project records management system in ADB’s online document management system or other equivalent systems.
External Liaison
- Facilitate or leads active relationships with commercial lenders and other financial partners in the region and beyond as well as with developers, investors and governments.
- Represent PSPM within ADB and manage relationships with PSPM’s stakeholders within ADB.
Policy and Project Evaluation
- Draft or comments on projects, policy and other papers related to private sector development and operations issues in various themes and sectors.
- Maintain and share knowledge of emerging best practices in area of expertise.
Knowledge Sharing
- Participate in and contribute to internal and external training and conferences and other activities for advocacy, dissemination and knowledge building
Strategy and Planning
- Provide information and analyses for the development of policy and strategies for ADB’s developmental goals for the private sector in consultation with relevant stakeholders.
- Participate in country teams and missions for planning and programming purposes with particular focus on private sector development and operations and for the monitoring of portfolio exposures as well as support to the identification of investment opportunities in assigned developing member countries (DMCs).
Staff supervision
- Provide leadership and support to reporting staff;
- Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance; and
- Ensure the on-going learning and development of reporting staff.
Qualifications
You will need:
- Master's degree in Business Administration, Finance, or its equivalent; or University degree and at least 5 years specialized experience relevant to the position can be considered
- At least 8 years of relevant professional experience, preferably in commercial financial institutions, leading development finance institutions, investment banks or consulting firms, including hands-on experience of portfolio management as well as experience in structuring and processing loans and equity investments for project transactions and corporates, analyzing credit risks, syndicating financial transactions, exit from equity investments and related banking activities.
- Good understanding of how to conduct advanced credit analysis, particularly in respect of project finance and corporate finance transactions, a deep understanding of debt markets and products.
- Experience in risk management, including rating methodologies, risk categories (market risk, credit risk, operational risk), etc.
- Extensive knowledge and understanding of loan, investment and credit products, including underwriting, pricing, servicing, accounting, exiting, etc. and with particular experience in developing markets.
- Ability to lead negotiations with borrowers, existing and prospective shareholders, sponsors, co-lenders and co-investors.
- Experience in dealing with distressed assets will be an advantage.
- Strong analytical and structuring capabilities.
- International experience working in development in several countries.
- Excellent verbal and written communication skills in English. Good oral and written communication skills in Russian language will be an added advantage.
- Please refer to the link for ADB Competency Framework for International Staff Level 4.
Benefits
ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB’s standards and comparator markets, taking into account your qualifications and experience.
- Paid leave (including parental)
- Medical and health benefits
- Life and other insurance plans
- Staff development
- Retirement plan
- Housing and education allowance (if applicable)
- Expatriate benefits (for international staff)
Additional Information
This is a fixed term appointment with option to renew for an initial period of 3 (three) years following Section 3.1 (b) of Administrative Order No. 2.01 (“Recruitment and Appointment’). This appointment is not convertible to a regular appointment. It may be extended on an exceptional basis for a further fixed period at the option of ADB. This appointment is open to internal and external applicants.
About Us
Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.
ADB only hires nationals of its 68 members.
To view ADB Organizational Chart, please click here.
ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.
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