Senior Economics Officer

Job Vacancy | Monday, November 14, 2022

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 prior to their appointment in the new category.

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 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.

The position is assigned in the Transaction Support Division (PSTS) within the Private Sector Operations Department (PSOD). PSTS is responsible for providing timely and effective business support to line-level PSOD staff and is composed of six (6) teams: 1) development impact; 2) integrity due diligence and technical assistance; 3) environment safeguards; 4) social development safeguards; 5) gender; 6) development effectiveness and economic analysis.


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.


ADB is undergoing a review of its operating model which may result in a change of department/group and/or reporting arrangement(s). By proceeding with your application, you acknowledge and accept the possibility of such changes resulting from the new operating model (NOM).

To learn more about PSOD, watch this video.

To view ADB Organizational Chart, please click here.

Job Purpose

The Senior Economics Officer will be a member of the Development Effectiveness and Economic Analysis Team and will support to PSOD deal teams to ensure satisfactory development outcomes of ADB’s private sector operations. The position will contribute to PSODs development effectiveness reporting and communications and provide support to project divisions with the preparation of documents such as design and monitoring frameworks, economic analysis, development impact evaluations, poverty analysis etc., consistent with ADB policies, strategies, and guidelines. The incumbent will report to Director, PSTS and or designated international staff and will supervise administrative staff.

Responsibilities

a. Economic Evaluation of Projects

  • Prepares economic analysis (cost-benefit analysis) for PSOD infrastructure projects supporting the justification of ADB funding, and following ADBs Guidelines for the Economic Analysis of Projects using existing excel cashflow models; and

  • Prepares ex-post economic analysis for PSOD’s project completion reports.

b. Development Effectiveness Support

  • Provides support to PSOD’s project teams with respect to development effectiveness of project concepts, and assists project teams in finding suitable indicators, impact chains and labels like inclusive business, subsector or poverty classifications;

  • Prepares and comments on the design and monitoring frameworks (DMF) ensuring quality of indicators for development effectiveness (development impact, outcome and outputs) and effective monitoring;

  • Consolidates development effectiveness data for PSOD, and supports the preparation of internal PSOD papers on development effectiveness; and

  • Supports the preparation of reports and publications related to development impact based on indicators and aggregated portfolio reporting or collected from projects, and undertaking consolidation of such data and coordination with regional departments and other ADB support departments, as relevant.

  • Supports the piloting and implementation of the new ex-ante development impact framework for PSOD

c. Development effectiveness data gathering and reporting

  • Follows up and aggregates information regarding expected results of newly prepared projects;

  • Documents and aggregates data reported by on-going projects;

  • Visualizes progress against program targets;

  • Contributes to a development effectiveness data tracking system; and

  • Supports PSOD’s contributions to ADB’s data management.

d. Knowledge sharing:

  • participates in sector and thematic networks to keep abreast of latest developments and issues of relevance to PSOD

  • Supports in the development of guidelines and training material for project teams related to Theory of Change and Development Effectiveness.

Qualifications

Relevant Experience & Requirements

  • Bachelor’s degree preferably with Master's Degree or equivalent in economics, finance or business administration.

  • At least 10 years of relevant professional experience in cost-benefit analysis and/or development impact assessments and at least 5 years with supervisory experience;

  • Proficient knowledge of and experience with the preparation of cost benefit analysis.

  • Advanced knowledge of MS Excel; Basic financial modelling skills and/or know-how of Power BI would be an advantage.

  • Excellent skills in data collection and processing, experience in data governance and the use of advanced data processing and visualization tools.

  • Good understanding of project preparation and processing and the project cycle for private sector operations projects.

  • Knowledge of some sectors and approaches relevant to multilateral projects, preferable on energy or climate change.

  • Knowledge of development effectiveness concepts, indicators definitions, results frameworks, classifications, and development related labels would be an asset.

  • Excellent written and verbal communication skills in English.

  • Please refer to the link for ADB Competency Framework for National Staff Level NS4.

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.