Investment Officer - Private Sector and Microfinance Department

• Grade: PL-5 to PL-3
• Position N°: NA
• Reference: ADB/12/129
• Publication date: 04/05/2012
• Closing date: 26/05/2012

Objectives

The Private sector and Microfinance Department is recruiting investment officers for all four sector-oriented origination divisions at grade levels PL 5 to PL3. The specific duties and responsibilities will vary between divisions and grade levels.

Generally, under the supervision of the Division Manager, Investment Officers:

• Promote private sector development in regional member countries (RMCs) through financing private enterprises, public-private partnerships (PPPs) and projects in various sectors which are technically feasible, financially and economically viable, and environmentally sound and create optimum added value, without sovereign guarantees in accordance with sound banking principles.
• Provide technical assistance and advisory services aimed at preparing or supporting private sector and PPP operations.
• Act as a catalyst in mobilizing domestic and foreign resources for investment in the private sector through co-financing operations with other institutions, commercial banks and Export Credit Agencies.

Duties and responsibilities

• Participate in or lead the planning and execution of promotion and project identification missions in selected RMCs in the various sectors in which the Bank is active. Such missions normally lead to the development of a pipeline of bankable projects, technical assistance programs and potential advisory services to be considered by OPSM.
• Participate in or lead the preliminary evaluation of project proposals to assess their feasibility for financial assistance and/or technical support by the Bank. This involves the initial screening of project applications, carrying out of desk reviews and evaluation of feasibility studies, preparing preliminary evaluation notes for presentation to the Department Management Team to determine a project’s suitability for inclusion in the pipeline, and more detailed project concept notes to obtain concept clearance for full appraisal or fact-finding missions.
• Participate in or lead the planning and execution of appraisal and fact-finding missions. This includes developing terms of reference for the mission and for short-term consultants to be engaged for the mission; coordinating the work of the mission team which usually includes professional staff from other departments within the Bank; carrying out independent research on the investment climate, project sponsors, management, economic, financial, marketing, technical, environmental and legal aspects of the project. The work also includes assessing the risks of projects and advising sponsors on appropriate mitigating measures; structuring/restructuring of projects to minimize financial risks; participating in negotiations, or conducting preliminary negotiations with sponsors on financing terms and legal conditions for the proposed investment/loan by the Bank.
• Prepare or lead the preparation of project appraisal reports for presentation to the Department, the various review committees and finally to the Board of Directors. This usually involves working with the investment analysis and modeling team to build and use the appropriate models for carrying out financial and economic analyses of the project; developing recommendations and justifications for the investments and defending these to the various levels of decision makers.
• Ensure that all conditions precedent have been fulfilled on a timely basis and all fees are billed and collected from clients.
• Process or oversee the first disbursement to projects and ensuring a smooth transition of primary responsibility for the project to the portfolio management team. Thereafter, assist the portfolio management team to ensure effective monitoring and supervision of the originated projects in the portfolio.
• Develop relationships within the Bank and with other institutions involved in private sector development (exchange of information on projects, policies, operational experience etc., identification of co-financing opportunities, organization of joint promotional activities etc.); Represent the Bank at and participate in seminars, workshops and conferences dealing with private sector issues.
• Play an active role in coaching and mentoring more junior investment officers.

Selection Criteria

Including desirable skills, knowledge and experience

• At least a Masters Degree in Business Administration, Finance, Banking or related areas, plus preferably a Bachelor Degree in engineering, finance or economics.
• Preferably a minimum of 5 years of relevant experience.
• Ability to build partnerships and deliver results that meet the needs and long-term interest of clients within and outside the institution;
• Ability to work independently and be creative and innovative;
• Integrity and ability to work in team;
• Good listener with demonstrated ability to present and win support for ideas as well as make effective and timely decisions;
• Excellent written and verbal communication skills in English and/or French, and preferably with a working knowledge of the other language.

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Investment Officer - Private Sector and Microfinance Department (88 KB)

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To apply for this position, you need to be national of one of AfDB member countries.

• Submitted by: Harold AKINGBADE-TAYLOR Division Manager CHRM.3, OIC CHRM.1
• Approved by: Gemina O. ARCHER-DAVIES Director, CHRM

Only applicants who fully meet the Bank's requirements and are being considered for interview will be contacted. Applicants will only be considered if they submit an online application, and attach a comprehensive Curriculum Vitae (CV). The AfDB President reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply: www.afdb.org/jobs