Senior Investment Specialist – ADB – Manila

Location:
Manila, Philippines
Industry Sector:
International Public Sector
Type of contract:
Contract
Salary:
Competitive

Senior Investment Specialist – ADB – Manila

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Senior Investment Specialist – ADB – Manila

Responsibilities

Fund Management
  • Administers and monitors the fund in accordance with the fund documentation, operational guidelines and ADB policies and procedures;
  • Liaises internally to ensure effective fund management with, for example, risk management, legal, safeguards, portfolio monitoring, accounting, treasury, cofinancing, external relations and the strategy and policy department;
  • Works with PSOD’s portfolio management division to support operations in the administration, monitoring, and risk management of projects cofinanced by third parties;
  • Liaises with JICA and maintains relationship to ensure funds are being used as effectively and efficiently as possible in accordance with the fund documentation;
  • Maintains investor communications and generates routine investor and financial reporting preparation and distribution packages;
  • Works with JICA to address any fund management issues, or queries or requests relating to JICA’s approval and support for LEAP eligible transactions;
  • Arranges fund investment committee meetings and other key milestones for transactions as they progress through ADB’s processing cycle;
  • Administers and manages capital call requirements, and manages cash flow including projections;
  • Leads the fund’s annual meeting with donors including preparation and delivery of presentations and documents;
  • Supervises and monitors cash flow, disbursements, reflows, dividends and distributions, expenses, and fund accounting operations;
  • Maintains accurate records of all fund transactions, review of financial and other reports;
  • Supervises account closings and reconciliations, valuation of the fund’s assets and accrual of the fund’s income and expense;
  • Monitors the returns, development metric and other performance measures of the fund;
  • Manages expenses and assigned cost center;
  • Analyzes funding issues and suggests corrective actions;
  • Works with auditors to execute annual financial audits and review statements;
  • Participates in the liquidation and dissolution of the funds required
Project Processing and Administration
  • Works with PSOD’s deal teams to support the origination of a pipeline of eligible private sector infrastructure transactions for the LEAP fund including screening of ADB’s pipeline of non-sovereign transactions;
  • Assesses and structures transactions to maximize the potential for commercial co-financing and catalyzing of additional sources of capital;
  • Undertakes due diligence, risk analysis and mitigation, and supports the negotiation and structuring of transactions utilizing third party funds, and provides inputs to transactions’ documentation (e.g., term sheets, loan agreements, shareholder agreements and guarantees);
  • Supports ADB’s internal approvals process including interfacing with credit, safeguards, integrity, legal and other teams as well as management and the ADB Board;
  • Screens transactions to assess benefits, and adherence to established principles for the use of blended concessional financing: (i) additionality, (ii) crowding-in, (iii) commercial sustainability, (iv) reinforcing markets, and (v) promoting high standards;
  • Authors concessional funding applications and provides inputs into ADB’s transaction processing documents such as concept notes, financing proposals and credit applications;
  • Supports the preparation of Technical Assistance (TA) papers and applications for TA funding (either as stand-alone TAs or components of investment);
  • Participates 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 ADB’s developing member countries;
  • Prepares and presents information packages to relevant fund investment committees;
  • Supervises the processing of transactions and resolves transactional issues;
  • Acts as a member of a separate ADB project team to represent the interest of a third-party funds in ADB’s processing of transactions when needed to manage and reduce potential conflicts of interest;
  • Supports PSIS in ad hoc work as needed
External Liaison
  • Liaises with third party fund contributors including JICA to ensure projects are aligned with the appropriate financing mandate and fulfill all conditions under co-financing agreements including approvals as needed, monitoring, evaluation and reporting
  • Handles correspondence and queries
Knowledge Sharing
  • Leads, drafts, reviews and provides comments on project, policy and other papers related to private sector development and operations issues in various themes and sectors;
  • Conducts analysis and prepares inputs for strategy and discussion papers on infrastructure and emerging market financing, blended finance and other topics;
  • Provides inputs to ongoing initiatives/discussions with donors about engaging the private sector in infrastructure financing activities;
  • Participates in and contributes to internal and external training and conferences and other activities for advocacy, dissemination and knowledge building relating to third party financing;
  • Maintains and shares knowledge of emerging best practices in fund management
Staff Supervision
  • Takes the role of team leader to develop capabilities/potential of reporting staff
  • Tracks the performance of reporting staff and ensures the on-going learning and development of reporting staff.

Relevant Experience & Requirements

  • Master’s degree, or equivalent, in business administration, finance and accounting, engineering or related fields; university degree combined with a specialized experience in similar organization/s may be considered in lieu of a master’s degree
  • At least 10 years of experience in investment management with demonstrated ability to manage investment portfolios and client relationships
  • Relevant experience in financing private sector infrastructure projects in emerging markets
  • International experience working in development in several countries
  • Excellent oral and written communication skills in English, including a demonstrated ability to communicate ideas clearly and confidently with good presentation skills in one-on-one settings or to larger groups
  • Highly motivated and strong work ethic
  • Excellent organizational, multi-tasking and time management skills with demonstrated ability to work efficiently and meet deadlines
  • Strong interpersonal skills and ability to work effectively with large, culturally diverse teams at all levels
  • Please refer to the link for ADB Competency Framework for International Staff levels 5-6.
Closing date for applications 21 January 2020 before midnight.

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