Associate Investment Officer
Job Vacancy | Tuesday, April 23, 2024
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- Reference Number 240262 Position Level NS 1 Department Private Sector Operations Department Division Portfolio Management Division, PSOD Location Asian Development Bank Date Posted Tuesday, April 23, 2024 Closing Date Wednesday, May 8, 2024 11:59 p.m. (2359 Manila Time, 0800 GMT)
Join Our Mission to Foster Prosperity in Asia
Are you ready to make a lasting impact on the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.
Organizational Setting and Reporting Relationship
The position of Associate Investment Officer is assigned to the Portfolio Management Division (PSPM) within the Private Sector Operations Department (PSOD). You will be based at our Headquarters in Manila, Philippines.
You will report to the Director, PSPM and designated International Staff and senior National Staff on administrative as well as operational matters.
Your Role
As an Associate Investment Officer, you will be responsible for the credit administration process and for client services in terms of onboarding, disbursements, covenant monitoring and billing. The role involves working with borrowers, multiple PSOD staff and a wide range of internal and external stakeholders. The role requires strong decision-making skills, the ability to operate with limited supervision, and mentoring of junior staff / new joiners.
You will:
Onboarding and Closing - Ensure accurate system entries to reflect transaction approvals, signings, terminations and cancellations.
Project Monitoring
Ensure adherence by clients to their obligations for timely and accurate submission to ADB of periodic reports and follows up as needed. Coordinate with Deal Teams in case of covenant breaches or unexpected developments in a transaction. Coordinate with other ADB units on further review and action on relevant reports received; and Ensure the periodic portfolio reporting is done in a timely manner.Disbursements
Ensure 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; and Supervise the disbursements processed by other team members in the absence of the Team Leader.Database Maintenance
Ensure completeness of database of legal documentation, financing and security documents, and project contracts for new project approvals, as well as completeness of documents created in PSPM post-origination. Support the creation and maintenance of project-related databases, tracking portfolio size, composition, and other characteristics, for management information; and Ensure the periodic portfolio / Key Risk Indicators reporting is done in a timely manner.Administrative and Planning Support
Participate in the planning of various initiatives designed to facilitate PSPM's interaction with other ADB units and in the development of systems and procedures to facilitate the credit administration process. Coordinate the preparation of inputs for the annual work program and/or budget and assists in finalizing PSPM's submissions related to ADB's annual planning and budget exercises and mid-year reviews of annual budgets. Support a wide variety of initiatives at HQ, including participation in cross-functional meetings, knowledge sharing, and strategy related; and Ensure the Middle Office function is being represented well through active participation in the relevant initiatives.Qualifications
You will need:
Bachelor's degree in finance or business (or related fields), preferably with advanced experience in credit administration. At least 6 years of work experience preferably in the field of lending in corporate finance, project finance, infrastructure finance, or financial institutions preferably with a leading international financial institution, investment bank, infrastructure fund or consultancy firm. Excellent understanding of finance & business principles, and strong skills in client management. Strong negotiation and decision-making skills. Ability to conduct discussions with internal and external clients with limited supervision. 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; formulate and then execute plans for the completion of such tasks. Ability to work in a multicultural setting, be a strong team player and guide junior staff to facilitate work planning and quality delivery. Excellent written (including effective report writing) and verbal communication skills in English is required Please refer to the link for the ADB Competency Framework for National Staff Level 1.Benefits
ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB’s standards and comparator markets, taking into account your qualifications and experience.
About Us
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.
To view ADB Organizational Chart, please click here.
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.
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