Associate Investment Officer - Asian Development Bank - Manila, Philippines

Infrastructure Finance Division 1, Private Sector Operations Department

Closing Date: 6 December 2012 , 5:00 p.m. (1700 Manila Time, 0900 GMT)

 

Job Purpose:

Provide support and coordination to the Infrastructure Finance Division 1 (PSIF 1) of Private Sector Operations Department in the processing and administration of ADB’s private sector investments and technical assistance. Contribute to the maintenance of good quality portfolio in PSIF 1.

Expected Outcomes

Under the guidance of a senior staff, contributes independently to the work unit by completing a variety of tasks assigned, covering all or a combination of the following functions:

Project Processing

Provides analytical support to Investment Specialists and Team Leaders in the areas of credit and financial due diligence, review of contracts and project documents, development of financial models and in general assessing the risk and credit profile of proposed infrastructure investments in the form of debt, equity and guarantees.
Performs analysis of financial statements and financial projections/models, perform sensitivity analysis and stress testing, in co-ordination with team leaders and external clients.
Participates in selected due diligence missions and provide support to Team Leaders in negotiations with project developers, sponsors, and financiers to facilitate the financial closing of transactions and implement projects.
Provides logistical support and interact with external technical advisors, consultants and lawyers representing ADB in specific transactions.
Undertakes relevant industry and country research, as needed, as a part of transaction risk assessment.
Assists in drafting initial and final credit memorandum, preparing summaries of project documents, risk assessment analyses and other required documents as may be needed from time to time throughout the project processing cycle.
Interfaces with internal departments within ADB, including the Office of Risk Management and the Safeguards Specialists, and assist the Team Leader in addressing credit-related and other issues identified by such departments in respect of transactions under processing.
Assists in creating, maintaining and updating comprehensive credit files related to transactions under processing.

Assists in Investment Committee meetings and other meetings.

Project Administration
Maintains a database of all project and financing documents relating to each project. Liaise with the central file keeper to maintain orderly electronically filed documents for each project.
Undertakes activities required to process disbursement requests, including verification of compliance with disbursement conditions and liaison within ADB and with cofinanciers. Verifies fee computation.
Monitors billing statements of Controller’s department and payments from the borrowers, and follow up on any delays in payments.
Monitors borrowers’ compliance with covenants. Monitor and follow up on submission of financial statements, technical, insurance, safeguard, and other reports. Review these reports and draw to dealing officers' attention any perceived issues.
Drafts memorandum to obtain management approval for waivers and consents requested by the borrower. Liaise with Office of the General Counsel, Office of Risk Management, technical advisor, and other relevant parties to consider such waivers and requests. Respond to other requests and needs of the borrower.
Drafts quarterly/annual review reports and help maintain the internal data and reporting systems. Participate in missions, meetings, and conference calls as necessary.
Provides projections, data and statistics on the PSIF1 portfolio for reporting and planning as required.
Others
Provides guidance/coordinates the work of lower level analysts within the division.
Performs other tasks as assigned and reflected in the incumbent’s workplan

Educational Requirements:

• Bachelor's degree in Finance and/or Accounting, preferably with advanced training

Relevant Experience And Other Requirements:

Work experience

• At least 6 years of relevant experience, preferably in project finance or corporate finance.

Technical knowledge

• Demonstrates knowledge and understanding of Bank operational processes and procedures.
• Proven ability to undertake research and analysis on difficult but well defined tasks, collect and organize required data and information, apply appropriate computer skills in organizing and analyzing the data; and prepare notes, papers and sections of reports.

- Good analytical thinking with ability to comprehend causal links, make pros and cons analysis, and analyze factors to reach a decision.
- Effective report-writing and communication skills in English
People and leadership skills
- Able to guide Administrative Staff (AS) to facilitate work planning, delivery and quality review
- Able to work collaboratively with teams as a constructive team member.

• Strong oral and written communications skills

Core Competencies:

Application of Technical Knowledge and Skills

• Applies updated advancements in own knowledge area to relevant tasks
• Applies knowledge and practical skills to independently perform some complex tasks
• Conveys the need to use updated project approaches

Client Orientation

• Delivers Divisional contributions across a variety of products and services to meet the needs of different clients
• Proposes options to clients that may better meet their needs than current approaches
• Defines and delivers to agreed standards with clients

Achieving Results and Problem Solving

• Conducts detailed research and analysis to determine appropriate methods for addressing the causes of issues
• Self-monitors achievement of results according to work plans
• Identifies different stakeholder needs and desired outcomes when planning for outcomes
• Independently solves problems and makes recommendations

Working Together

• Maintains collaborative relationships within the Department
• Works effectively with diverse colleagues in own and other Divisions and Departments
• Flexibly alters positions and adjusts previously stated points of view to support the group consensus
• Follows through on team priorities in the absence of a team leader

Communication and Knowledge Sharing

• Checks with audience’s level of understanding and awareness of required follow up actions
• Consistently seeks and addresses feedback on own performance
• Creates knowledge products endorsed for wider distribution
• Independently amends and clarifies messages and documents

Innovation and Change

• Actively supports work improvement and/or organizational change by work and deed
• Develops and adopts change plans to support Division initiatives on which one works
• Considers current and future client needs in proposing ideas
• Vocalizes early support for change
• Recommends inputs to new policies, systems and processes in immediate work area

Immediate Reporting Relationships / Other Information:

• Supervisor: Designated International Staff and senior National Staff 

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