Private Sector Development Specialist
Closing Date: 26 January 2012 , 5:00 p.m. (1700 Manila Time, 0900 GMT)
Job Purpose:
Identify, develop, implement, and administer loans, technical assistance (TA) projects, and nonlending products and services in private sector development, financial market, and financial management areas. Contribute to the formulation of strategies for the development of the private sector and the financial market in developing member countries (DMCs) of the Asian Development Bank (ADB). Provide advice, expertise, and technical guidance to the financial analysis and financial management activities of the East Asia Department (EARD). Work with broad policies and objectives, working directly with clients, with supervision for critical tasks.
Expected Outcomes
Strategy and planning
- In consultation with relevant government agencies and resident missions, provide information on and conduct analyses for the development of policies and strategies on the financial market and private sector of DMCs.
- Contribute information (e.g., financial market and private sector development indicators) on and conduct analyses for the economic and sector work and interdepartmental working groups.
- Participate in preparing the country partnership strategy and conducting midterm reviews including the assessment of capacity development requirements for financial management at the country level; and assisting in the completion of country financing parameters, where necessary.
- Contribute to the review and update of ADB’s policies and guidelines with respect to financial analysis and financial management.
Project management
- Take the lead in developing, processing, and administering loan and TA projects in financial market and private sector development areas.
- Identify opportunities for ADB assistance projects aimed at operationalizing development policies for the financial market and private sector.
- Provide technical support and advice to improve the development impact of financial market and private sector projects and for designing financing arrangements, including those involving public–private partnerships and structured financing in project design.
- Participate in the review of and provide technical support to EARD sector divisions, including review of papers, feasibility studies, report and recommendation of the President, and other relevant documents to ensure consistency and enhance the quality, financial viability, and sustainability of EARD projects and/or programs.
- Interact with EARD divisions and/or resident missions to contribute in improving the quality of financial management systems and procedures of executing agencies in managing project funds, maintaining project accounts and submitting timely and reliable financial reports.
- Assist EARD divisions and/or resident missions in reviewing project financial statements and audit reports, and resolving audit qualifications and ensuring that disbursement activities proceed on an uninterrupted basis.
Knowledge sharing
- Participate in and contribute to internal and external training and conferences on financial market and private sector development and other activities for advocacy, dissemination, and knowledge building.
- Assist EARD divisions and/or resident missions in capacity building for projects of executing agencies, specifically in the area of financial management.
- Serve as a training resource person for financial analysis and/or financial management at the division, department, and organization level.
Staff supervision
- Provide leadership and support to reporting staff.
- Manage the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
- Ensure the ongoing learning and development of reporting staff.
Educational Requirements:
Master's Degree, or equivalent, in business administration, finance, economics or other related field. University degree in business, finance, economics, commerce or other related fields, combined with specialized experience in similar organization/s, may be considered in lieu of a Master’s degree
Relevant Experience And Other Requirements:
- Suitability to undertake the responsibilities mentioned above at the required level.
- At least 8 years of relevant professional experience in financial market and private sector development, management and/or financing in the private sector and mobilizing funds using capital market instruments as well as in project administration.
- Excellent oral and written communication skills in English.
- International experience working in several countries.
Core Competencies:
Application of Technical Knowledge and Skills
- Regularly shares knowledge on new international best practice trends in comparator situations
- Proactively applies relevant international best practices to own work
- Convinces others to adopt international best practice by explaining the situational relevance and benefits
Client Orientation
- Helps colleagues work effectively with clients in different contexts and from diverse backgrounds and country situations
- Adapts own approach and style when interacting with clients, as opposed to requiring them to adapt
- Draws upon international best practice in exploring solutions with clients
- Confirms the clients’ understanding and agreement before progressing
Achieving Results and Problem Solving
- Draws on own and others’ multi-country experience to identify viable courses of action when conducting analyses
- Helps internal and external clients achieve quality results beyond presenting problems and precedent
- Highlights possible solutions for project issues based on relevant multi-country and/or multi-client experience
- Regularly contributes insights and experiences to colleagues in the division to help them achieve quality results
- Overcomes unexpected difficulties and challenges to produce desired outcomes
Working Together
- Maintains collaborative relationships within the department
- Works effectively with diverse colleagues in own and other divisions and departments
- Flexibly alters positions and adjusts previously stated points of view to support the group consensus
- Follows through on team priorities in the absence of a team leader
Communication and Knowledge Sharing
- Checks the audience’s level of understanding and awareness of required follow-up actions
- Consistently seeks and addresses feedback on own performance
- Creates knowledge products endorsed for wider distribution based on lessons and multi-country experience
- Independently amends and clarifies messages and documents
Innovation and Change
- Actively supports work improvement and/or organizational change by work and deed
- Develops and adopts change plans to support division initiatives on which one works
- Considers current and future client needs in proposing ideas
- Vocalizes early support for change
- Recommends inputs to new policies, systems and processes in immediate work area
Immediate Reporting Relationships / Other Information:
- Supervisor: Director, Public Management, Financial Sector and Regional Cooperation Division (EAPF), East Asia Department
- The following staff positions may be supervised by the incumbent:
- Administrative Staff
- National Staff
- Women are encouraged to apply
Note: Applications for current vacancies are received through the ADB Recruitment Center (ARC), a system that automates ADB's recruitment process. ARC facilitates the submission of applications, and enables applicants to check status of their applications on ADB's website. You will need to create an account before making any submissions.
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