Principal Portfolio Management Specialist | Asian Development Bank

Principal Portfolio Management Specialist

Overview

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 67 members, 48 of which are from the Asia and Pacific region. ADB's mission is to reduce poverty and promote sustainable economic growth in the region. ADB's main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.

ADB only hires nationals of its 67 members.

The position is assigned in the Nay Pyi Taw Office of the Myanmar Resident Mission (MYRM) within the Southeast Asia Department (SERD). SERD is responsible for maintaining client relations and delivering ADB assistance to countries in the Southeast Asian region. MYRM is responsible for country partnership and strategy, policy dialogue and client relationship, business development, knowledge management, project quality assurance, sector analytic work, and loan and technical assistance processing and administration in Myanmar.

To view ADB Organizational Chart, please click here.

Job Purpose

The Principal Portfolio Management Specialist will assist the Country Director in supervising the overall portfolio administration in MYRM; lead the monitoring of the status and progress of loans, grants, and Technical Assistance (TAs) projects in Myanmar; and continue to improve performance of the overall country portfolio. The position will also lead the identification and execution of corrective actions to address implementation problems to improve project and portfolio performance to contribute to achieving the objectives of the Country Partnership Strategy (CPS); assist in project design to ensure smooth and timely implementation including possible advance actions; play an active role in ADB's support to institutional and capacity strengthening in project implementation and portfolio management; and help coordinate ADB's lending and non-lending operations with other development partners and stakeholders. The incumbent will report to the Country Director and may supervise the National staff and Administrative staff in MYRM especially within its project administration unit (PAU).

Responsibilities

  • In coordination with the Country Director, plan and oversee the implementation of the annual work-plan for the PAU team.

  • Oversee and report on the following for both delegated and non-delegated projects (i) administration, review, and progress of TA and project/program implementation; (ii) achievement of contract awards and disbursements (iii) compliance with covenants; and (iv) compliance with ADB's safeguard policy.

  • Lead country portfolio review missions (CPRM), in coordination with project administration units (PAUs) of sector divisions and project teams, engaging in high-level discussions with senior management of the government, including preparation and finalization of memorandums of understanding or aide-memoires.

  • Lead and coordinate activities for the harmonization of policies and practices related to project implementation among development partners.

  • Lead and provide guidance and high-level advice to project teams and government executing and implementing agencies for the identification and implementation of action items needed to resolve implementation issues and problems.

  • Act as MYRM focal for ADB's participation in the Joint Country Portfolio Review (JCPR) exercise with JICA and World Bank for coordinated and collaborative actions to help improve Myanmar's overall ODA management in general and three institutions' portfolio performance in particular.

  • Oversee knowledge building and dissemination to improve local capacity for project administration through planning and conducting training programs for the government counterparts, project management units, and other stakeholders to strengthen their institutional capacity for project implementation and portfolio management.

  • Assist MYRM Country Director in administrative matters including budget and staff management and representing MYRM in meetings and events as necessary.


Qualifications

Relevant Experience & Requirements

  • Master's or equivalent degree in engineering, economics, finances, project management or other related fields. Alternatively, university degree in related fields combined with additional relevant professional experience can be considered.

  • Minimum of 12 years of relevant professional experience including international work experience in project processing, project administration and portfolio management.

  • Excellent written and verbal communication skills in English is required.

  • Strong knowledge of procurement, consultant recruitment, project management, preferably in infrastructure sector operations (transport, rural and/or urban development).

  • Proven experience as mission leader, with experience in loan processing.

  • Ability to provide leadership for solving difficult implementation problems, supervising complex project review missions and supporting loan processing.

  • Experience in the procurement and administration of large works and goods contracts and accreditation in PASS for procurement and consulting services.

  • Attitude of striving for results (meeting deadlines, solving problems, delivering Key Result Areas) and helping others to achieve results.

  • Proven track record in successfully leading teams.

  • Demonstrated experience in liaison with government officials, non-government agencies, technical specialists, and staff from development partners.

  • Commitment to learning and change.

  • Please refer to the link for ADB Competency Framework for International Staff Level 6.

General Considerations

The selected candidate 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.

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