Senior Investment Specialist
Job Vacancy | Monday, May 15, 2023
IMPORTANT INFORMATION:
ADB will be rolling-out its operating model which may result in the change of department/group and/or reporting arrangement(s). By proceeding with your application, you acknowledge and accept the possibility of such changes resulting from the new operating model (NOM).
Overview
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.
The position is assigned in the Infrastructure Finance 2 Division (PSIF2) or a Unit within the Private Sector Operations Department (PSOD). PSOD provides investment capital to private sector entrepreneurs, corporates and project sponsors, as well as financial intermediaries, such as banks, throughout developing Asia. It catalyzes, structures, and fund’s investments in privately held and state-sponsored companies across a wide range of industry sectors. As part of ADB’s organization-wide initiative, PSOD is responsible for implementing energy transition related projects in the private sector including those that come under the Energy Transition Mechanism (ETM). ETM is a transformative, blended-finance approach that seeks to retire existing coal-fired power plants on an accelerated schedule and replace them with clean power capacity.
Job Purpose
The [Senior] Investment Specialist will lead/support the origination, development, due diligence, approval and implementation of private sector energy transition financing projects and/or other infrastructure financing projects, contribute to the development of policies and strategies of country programs, and monitor the development impact of the portfolio and ensure key issues are considered and proper risk management is applied. The incumbent will report to Director, PSIF2 or team leader overseeing energy transition projects and will supervise national and administrative staff.
Responsibilities
a. Project Development and Processing
- Leads/Supports in the origination of a pipeline of private sector energy transition and/or other infrastructure finance projects and screens investment opportunities through client outreach, marketing and deal screening.
- Undertakes and manages the necessary due diligence, financial modeling, risk analysis and mitigation in the structuring of loans, equity investments, guarantees, B-loans or other forms of ADB assistance.
- Leads the internal approval process including interface with credit, safeguards, integrity, legal and other teams as well as management and the Board.
- With the support of internal and external counsel, ensures that appropriate legal documentation is successfully concluded for all deals in line with approvals and that financial close (i.e., first disbursement) is achieved in a timely fashion.
- Leads and undertakes the implementation and the hand-over of administration of private sector energy transition and/or infrastructure programs and projects, ensuring compliance with required guidelines, policies and procedures as well as agreed covenants and reporting requirements up to financing effectiveness; and
- Performs the role of a nominee director on the board of ADB’s investee companies representing ADB’s interests in accordance with the principles of sound corporate governance, if and when assigned.
b. External Liaison and knowledge Sharing
- Facilitates or leads active relationships with commercial lenders and other financial partners in the region and beyond as well as with developers, investors and governments; and
- Assesses and structures transactions to optimize balance between energy transition impacts and the potential for commercial co-financing and catalyzing of additional sources of capital.
- Participates in and contributes substantially to relevant learning events and other activities for advocacy, dissemination, and knowledge building.
- Maintains and shares knowledge of emerging best practices across the range of key themes and sectors with an emphasis on energy transition.
c. Strategy, Policy and Project Evaluation
- Provides strategic inputs and comments on projects, policy and other papers related to private sector operations and development across a range of key themes and sectors, with an emphasis on energy transition.
- Drafts, reviews and provides comments on project, policy and other papers related to private sector development and operations issues in various themes and sectors, with an emphasis on energy transition; and
- Participates in country teams for planning and programming purposes, particularly with respect to private sector development and operations and sector priorities.
d. Staff Supervision
- Provides leadership and support to reporting staff.
- Supervises the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance; and
- Ensures the on-going learning and development of reporting staff.
Qualifications
Relevant Experience & Requirements
- Master's Degree, or equivalent in business finance or any university degree relevant to the assigned sector; or University (e.g., bachelor’s) degree combined with 5 years specialized experience relevant to the position in similar organization/s can be considered
- At least 8 years of relevant professional experience in private sector finance, including hands-on experience in processing financings for power/energy projects on a non-/limited-recourse basis, analyzing credit risks, structuring transactions,
- Excellent verbal and written communication skills in English.
- International experience working in development in several countries, preferably in Asia.
- Please refer to this link for ADB Competency Framework for International Staff Level 4 and this link for International Staff Level 5.
General Considerations
The selected candidate, if new to ADB, is appointed for an initial term of 3 years.
ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB’s standards and computation, taking into account the selected individual’s qualifications and experience.
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.
Please note that the actual level and salary will be based on qualifications of the selected candidate.
