Investment Officer

Job Vacancy | Monday, November 14, 2022

IMPORTANT INFORMATION:

ADB will be rolling-out its operating model which may result in the change of department/group and/or reporting arrangement(s). By proceeding with your application, you acknowledge and accept the possiblity of such changes resulting from the new operating model (NOM).

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 Portfolio Management Division (PSPM) within the Private Sector Operations Department (PSOD). PSPM is accountable for the pro-active management, reporting, and review of ADB's growing portfolio of private sector loan and guarantee assets, including overseeing project implementation and administration and managing client relationships.

PSOD provides investment capital to private sector entrepreneurs, corporates, and project sponsors, as well as financial intermediaries, such as banks, throughout developing Asia and the Pacific. 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. To learn more about PSOD, please visit PSOD page on the ADB website.

To view ADB Organizational Chart, please click here.

Job Purpose

The Investment Officer provides direct technical support to PSPM dealing officers. The position is responsible for all risk and client relationship aspects of assigned transactions from the first disbursement to final repayment and works with borrowers, various PSOD teams, ADB's Office of Risk Management (ORM), and a wide range of internal and external stakeholders. The incumbent will report to designated international staff and senior National staff, and may supervise administrative staff.

Responsibilities

a. Credit monitoring

  • With limited guidance, independently undertakes the preparation of credit monitoring reports (annual, semiannual or quarterly);
  • With limited guidance, independently analyzes client financial data, evaluates risks , and prepares and updates financial forecasts.
  • Works directly with dealing officers regarding warning signals or potential problems in transactions and formulate remedial action plans; and
  • Participates in missions related to the monitoring of projects.

b. Project monitoring

  • With limited guidance, independently ensures adherence by clients to their obligations for submission to ADB of periodic reports on time and accurately and make follow-ups;
  • Undertakes direct communication with clients in case of covenant breaches or unexpected developments in a transaction;
  • Directly works with clients and other PSPM staff to prepare remedial measures (waivers, demand letters, others) and implement them jointly with other ADB departments (ORM, Office of the General Counsel, Treasury Department, Controller's Department and others);
  • Independently monitors the development effectiveness parameters and environmental and social management system compliance of transactions for compilation in PSOD's Development Effectiveness Report;
  • Directly implements technical advisory programs arranged for clients or projects; and
  • Directly supports client-relationship management and participates in face to face meetings and/or business trips.

c. Disbursements

  • With limited guidance, independently, ensures processing of disbursement requests, review of withdrawal applications, verification of compliance with disbursement conditions and/or loan covenants, follow up on submission of required documents and review of their completeness and/or validity;
  • Independently prepares correspondence, and re-estimates project costs and ADB's share of financing commitments;
  • With limited guidance, independently ensures the development of disbursement projections, actual disbursements, and tracking of shortfalls and identify the underlying causes of such shortfalls.

d. Database maintenance

  • Ensures completeness of database of legal documentation, financing and security documents and project contracts for new project approvals, as well as the completeness of documents created in PSPM post-origination; and
  • Contributes and supports the creation and maintenance of project-related databases, tracking portfolio size, composition, and other characteristics, for management information.

e. Project Annual Reviews and Project Completion Reports

  • With limited guidance, independently performs desk review, collects data, assesses financial and developmental performance of projects, conducts interviews, and participates in missions to evaluate projects for extended annual review reports (XARR); and
  • With limited guidance, independently prepares XARRs jointly with PSOD staff or consultants

f. Planning and Division Support

  • Contributes and participates in the planning of various initiatives designed to facilitate PSPM's interaction with other ADB departments and in the development of systems and procedures to facilitate liaison and contact with partner institutions; and
  • Coordinates the preparation of inputs for the annual work program and/or budget and assists with finalization of PSPM's submissions related to ADB's annual planning and budget exercises and mid-year reviews of annual budgets.

Qualifications

Relevant Experience & Requirements

  • Bachelor's degree in finance, business or related fields, preferably with a Master's degree or equivalent
  • At least 8 years of relevant work experience in credit lending and equity investments in financial institutions, preferably with a leading international financial institution, investment bank, infrastructure fund or consultancy firm; experience in corporate finance, project finance or infrastructure finance will be an added advantage;
  • Excellent understanding of finance business principles and strong skills in client management.
  • Strong financial and credit analysis skills in multiple financial products including loans, , and guarantees.
  • Strong analytical thinking skills, with the ability to comprehend causal links, make pros-and-cons analysis and analyze factors to reach a decision.
  • Ability to independently identify tasks and priorities within the area of responsibility and to formulate and execute plans for the completion of such tasks.
  • Proven ability to undertake research and analysis on difficult tasks.
  • Ability to collect and organize required data and information, apply appropriate computer skills in analyzing and organizing the data, and prepare notes, papers, and detailed, reports.
  • Skills and confidence required to conduct discussions and negotiations with clients with limited supervision.
  • Ability to work with teams in a multicultural setting and guide junior staff to facilitate work planning, delivery, and quality review
  • Excellent written and verbal communication skills in English Please refer to the link for ADB Competency Framework for National Staff Level 2.

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.