Reference Number:190722
Position Level:IS 6
Department:Private Sector Operations Department
Division:Infrastructure Finance Division 1
Location:Asian Development Bank Headquarters
Date Posted:Friday, May 8, 2020
Closing Date:Friday, May 22, 2020 11:59 p.m. (2359 Manila Time, 0800 GMT)
IMPORTANT INFORMATION:
Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.
1Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle
Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).
In the event that the staff appointed to a new category (i.e. from AS to NS, or from NS to IS) is rated at 2 or lower in the first two performance reviews after appointment at the new level, they will return to the level occupied immediately.
This is a re-advertisement. Previous applicants need not apply. Applications received in response to previous posting will be considered together with applications received in response to this advertisement.
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 aprosperous, 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 1 Division (PSIF1) within the Private Sector Operations Department (PSOD). PSIF1 is responsible for deal identification and processing, up to signing, for nonsovereign infrastructure projects in Central, West and South Asia. 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 funds investments in privately held and state-sponsored companies across a wide range of industry 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 project and corporate financiers or developers able to identify, structure and close innovative, developmentally and financially robust debt, equity and guarantee transactions. To learn more about PSOD, watch the video on " Working with ADB on Private Sector Financing".
To view ADB Organizational Chart, please click here.
Job Purpose
The Principal Investment Specialist leads and oversees the origination, development, due diligence, approval and implementation of private sector infrastructure financing projects, contributes to the development of policy and strategies of country programs, and monitors the development impact of the portfolio and ensures key issues are considered and proper risk management is applied. The incumbent will report to Director, PSIF1 and will supervise national and administrative staff.
Responsibilities
a. Project Development and Processing
Leads in the origination of a pipeline of private sector infrastructure finance projects and screens investment opportunities in Central, West and South Asia through client outreach, marketing and deal screening;
Leads, oversees, 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 and oversees 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, oversees and undertakes the implementation and the hand-over of administration of private sector 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, as assigned.
b. External Liaison
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 maximize the potential for commercial co-financing and catalyzing of additional sources of capital
c. Strategy, Policy and Project Evaluation
Provides strategic inputs and comments on project, policy and other papers related to private sector operations and development across a range of key themes and sectors;
Drafts, reviews and provides comments on project, policy and other papers related to private sector development and operations issues in various themes and sectors; and
Participates in country teams for planning and programming purposes, particularly with respect to private sector development and operations and sector priorities.
d. Knowledge Sharing
Maintains and shares knowledge (inside and outside of ADB) on lessons learned from private sector operations and emerging best practices in areas of expertise
Participates in and contributes to activities for advocacy, dissemination, and knowledge building relating to ADB's integrity, governance and safeguards policies
e. 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; university degree relevant to assigned sector combined with specialized experience in similar organization/s may be considered in lieu of a master's degree.
At least 12 years of relevant professional experience in private sector finance, including hands-on experience in processing investments for infrastructure projects, analyzing credit risks, structuring transactions, syndicating financing and other related commercial banking activities; and
Experience working in at least one of the following sectors: power, environmental infrastructure, water and wastewater, and transport.
Excellent oral and written communication skills in English.
International experience working in development in several countries preferably in Central, West and South Asia
Please refer to the link for ADB Competency Framework for International Staff Levels 6.
General Considerations
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.
