Employment

1. JOB PURPOSE:

Note: Currently, there are two general types of Investment Specialists: a) Investment Specialists that are focused on private sector Infrastructure Finance; and b) Investment Specialists that are focused on Capital Markets and Financial Sectors. This is to reflect that ADB's private sector operations are currently focused on the following two specific sectors:

• Infrastructure: power (e.g. generation, transmission and distribution, including a particular focus on renewable power), transportation (e.g. roads, ports, railways, airports), water supply and waste treatment, and telecommunications; and
• Capital Markets: financial institutions and investment funds

Lead or assist in ADB's private sector assistance in the form of loans, equity, underwriting, guarantees and other appropriate forms of support to contribute to ADB’s developmental directions for the private sector and the overall goal of reducing poverty. Lead the identification, development, implementation and administration of private sector infrastructure financing to contribute to ADB’s developmental directions for the private sector and the overall goal of reducing poverty. Contribute to the development of policy, strategies and of country programs. Monitor the development impact of the portfolio and ensure key issues are considered and proper risk management is applied. Ensure the quality, development impact and alignment of the portfolio to ADB’s developmental goals for the private sector. Work within a framework of broad policies, principles and goals, applying a high degree of autonomy in selection of work methods

In general, Investment Specialists design financial solutions to manage investors’ risks in investing in developing countries. Solutions may include a combination of private and official funding sources. In providing assistance to the private sector, ADB uses equity investments, loans, guarantees, or syndications including fronting (“B” loan or lender of record and guarantor of record) and nonfunded risk participation arrangements to mobilize private investments. Equity may include subordinated loans, preferred stock, convertible loans, and other types of mezzanine financing. ADB’s guarantees cover risks that the private sector cannot absorb or manage on its own, such as political risks. Investment Specialists undertake the processing of projects up to Board approval, contribute to the development of policy, strategies and of country programs, monitor the development impact of the portfolio and ensure key issues are considered and proper risk management is applied. Work with broad policies and objectives, working directly with clients and with supervision for critical tasks.

2. EXPECTED OUTCOMES:

1. Strategy and planning

• Contribute to the development of policy and strategies for ADB’s developmental goals for the private sector in consultation with relevant stakeholder.
• Participate in country teams and missions for planning and programming purposes with particular focus on private sector development and operations and for the identification of investment opportunities in assigned developing member countries (DMCs).
• Assist in the formulation, processing, and negotiation of ADB’s private sector investments in financial institutions and capital markets areas in DMCs
• Lead or assist in developing a pipeline of (i) private equity funds and direct investments for ADB’s assistance in the above mentioned financial sectors; or in (ii) private sector infrastructure projects.
  
  

2. Project management

• Lead in the identification, development and processing of projects to be considered for ADB private sector infrastructure financing by leading discussions and negotiations with project developers, sponsors and financiers.
• Evaluate, analyze, process and execute private equity investments, both indirectly and through private equity investment funds.
• Work with third party financial institutions to develop and execute co-investments.
• Ensure key issues are incorporated in projects and proper risk management is applied.
• Review and recommend the adequacy and structure of financing arrangements, covenants, security arrangements, and reporting requirements.
• Undertake the implementation and administration of assigned complex private sector projects (i.e., direct investments and private equity funds in the portfolio, or private sector infrastructure financing programs and projects), ensuring compliance with required review procedures, agreed covenants and reporting requirements.
• When assigned, perform the role of a director on the board of ADB’s investee companies representing ADB’s interest in accordance with the principles of sound corporate governance.
  

3. External liaison

• Facilitate active relationships with financial intermediaries in the region including fund managers, institutional investors and other limited partners, sponsors and financiers.
  
  

4. External liaison

• Develop and foster synergistic relationships with both public and private partners within and outside of ADB’s DMCs,
• Focuses own and other efforts on understanding and meeting client needs (e.g., government agencies, private sector parties, non-government organizations.

5. Policy and project evaluation

• Periodically monitor and evaluate the development impact of (i) ADB’s capital markets and financial sectors projects; or (ii) private sector infrastructure financing projects.
• Draft, review and provide comments on project, 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 private equity, corporate social responsibility, and overall investment management.
  

6. Staff Supervision

• Take the role of mission leader and supervise the work of mission members.
• Supervise the performance of teams and individuals providing clear direction and regular monitoring and feedback on performance.
• Provide coaching and mentoring to team and individuals and ensure their on-going learning and development.
  

3. EDUCATION REQUIREMENTS:

A university degree in business administration, finance, or related fields; preferably at post-graduate degree or its equivalent in business administration from a leading graduate school of business

4. RELEVANT EXPERIENCE AND OTHER REQUIREMENTS:

• Suitability to undertake the responsibilities mentioned above at the required level
• At least 10 years of relevant professional experience in including but not limited to hands-on experience in processing direct private equity investments and investments in private equity funds or loans for infrastructure projects, including structuring loan transactions, financial modeling, syndicating term loans, undertaking due diligence, identifying, mitigating and analyzing risks, executing successful transactions
• Ability to negotiate with financial intermediaries, existing shareholders, sponsors, co-lenders and co-investors, governments and relevant contractual counterparts
• Strong leadership qualities and interpersonal skills
• Strong analytical and structuring capabilities
• Experience in managing a team with diverse interdisciplinary skills
• Demonstrated ability to contribute to the financial sustainability of given operations
• Excellent oral and written communication skills in English
• International experience working in development in several countries
  

5. CORE COMPETENCIES:

Technical Knowledge and Skills
- Able to apply technical skills in a team leadership role to resolve and manage complex issues in relation to private sector development and operations
- Able to apply advanced technical knowledge, skills and expertise in capital markets and financial sectors or private sector infrastructure financing
- Able to use technical expertise to advise and support Country teams and DMCs in developing policy, and in project design

Client Orientation
- Has a high level of understanding of the needs of key clients in DMCs
- Applies highly developed skills to support external client groups
- Seeks feedback from stakeholders on the quality of service and effectiveness of support provided

Achieving Results
- Focuses on achieving work-related deadlines to meet the expected results of the Division
- Regularly monitors the progress of work assignments to ensure performance targets are met on time
- Prioritizes work to ensure expected results are achieved

Working Together
- Develops the team working skills of direct reports
- Motivates the team to work effectively together and with others outside the team
- Works cooperatively with others to resolve difficulties and conflicts in relation to priority areas and strategies

Learning and Knowledge Sharing
- Develops innovative processes with staff for knowledge and information sharing
- Empowers staff under supervision to make continuous improvements
- Encourages the team to share their learning and knowledge

6. IMMEDIATE REPORTING RELATIONSHIPS:

The position reports to: Director,

The following staff positions report to the Investment Specialist: Professional Staff, National Officers and Administrative Staff

7. IMPORTANT INSTRUCTIONS:

Established in 1966 and headquartered in Manila, Philippines, ADB's multicultural staff come from over 50 member countries. ADB offers an internationally competitive salary paid in US dollars. Salaries and benefits are generally free of tax except for citizens of some countries, primarily the USA and the Philippines, whose incomes are taxed by their respective governments. While the position advertised is for the ADB Headquarters in Manila, Philippines, ADB staff must be prepared to serve in any location outside its Headquarters at the discretion of Management. Applicants must be nationals of one of ADB's member countries.

Apply electronically, quoting Ref. No. EXT-PS09-204(2) and job title on subject line and attaching application form to email address PS-jobs@adb.org

International experience will be taken into consideration.

Women are actively encouraged to apply.

Due to the volume of applications, ADB will not be able to respond to inquiries about application status and will only contact shortlisted candidates. Applications lacking the job reference number and job title or using the wrong e-mail address will not be considered.