Principal Investment Specialist
Job Vacancy | Wednesday, September 20, 2023
SHARE THIS PAGE
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.
This position is based in Manila and assigned to the Financial Institutions Division (PSFI) within the Private Sector Operations Department (PSOD). PSFI is responsible for deal identification and processing, up to signing and first disbursement, for the financing of nonsovereign banks and non-bank financial institutions in all ADB developing member countries. PSOD provides financing and investment support to private projects, corporations, financial institutions, and private equity funds throughout developing Asia and the Pacific. It advises, helps structure, and provides and catalyzes financing for privately held and state-sponsored entities across a wide range of sectors. Its emphasis is on commercially viable transactions that generate financial returns while also delivering on ADB's organization-wide mission to promote environmentally sustainable and inclusive economic growth. PSOD is looking for exceptional financiers with a banking and/or investment background and proven leadership ability, able to identify, structure and close innovative, developmentally and financially robust debt, equity and guarantee transactions and guide a team.
To view ADB Organizational Chart, please click here.
Job Purpose
The Principal Investment Specialist supports the origination, development, due diligence and processing of financial sector transactions through ADB Board approval and financial closure. The incumbent will report to the Director, PSFI. The incumbent will supervise national and administrative staff.
Responsibilities
a. Project Development and Processing
- Identifies and develops a pipeline of financial sector projects;
- 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;
- Integrates climate finance and disaster risk considerations into the identification and development of financial sector projects, ensuring alignment with the organization's goals to promote sustainable and resilient investments;
- Lead the internal approvals 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 all deals with appropriate legal documentation is successfully concluded in line with approvals and that financial close (i.e., first disbursement) is achieved in a timely fashion; and
- Lead the implementation and the hand-over of administration of projects, ensuring compliance with required guidelines, policies, and procedures as well as agreed covenants and reporting requirements up to financing effectiveness.
b. External Liaison
- Develops and facilitates active relationships with commercial lenders and other financial partners in the region and beyond as well as with investors and governments.
c. Policy and Project Evaluation
- Drafts or comments on projects, policy, and other papers related to private sector development and operations issues.
d. Knowledge Sharing
- Participates in and contributes to internal and external training and conferences and other activities for advocacy, dissemination, and knowledge building; and
- Maintains and shares knowledge of emerging best practices in area of expertise.
e. Strategy and Planning
- Participates and supports country teams and missions for planning and programming purposes with focus on private sector operations for the identification of investment opportunities in assigned developing member countries.
f. Staff Supervision
- Provides leadership and support to reporting staff;
- Supervises the performance of reporting staff, provides clear direction and regular monitoring and feedback on performance; and
- Ensures the ongoing learning and development of reporting staff
Qualifications
Relevant Experience & Requirements
- Master's degree, or equivalent is preferred or University (e.g., bachelor's) degree relevant to assigned sector combined with specialized experience in similar organizations/s, may be considered in lieu of a master’s degree.
- At least 12 years of relevant financial and emerging markets experience, including hands-on experience in analyzing credit risks, structuring, and executing loans and/or equity investments.
- Good understanding of climate finance, disaster risk, and the role of financial institutions in promoting these areas.
- Demonstrated track record of closing successful loan and/or equity transactions including in developing markets.
- Strong analytical capabilities
- Excellent client management skills
- Ability to negotiate with existing shareholders, sponsors, co-lenders, and co-investors.
- Ability to maintain productive relationships with institutional investors and other limited partners, sponsors, and financiers.
- Excellent verbal and written communication skills in English.
- International experience working in development in several countries
- Please refer to the link for ADB Competency Framework for International Staff Levels 6.
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.
