INTRODUCTION

The Caribbean Development Bank (CDB/the Bank) is seeking a dynamic professional to fill the role of Coordinator, Development Finance (CDF) in the Private Sector Division (PSD) of the Projects Department. The successful candidate will be based at CDB’s headquarters in St. Michael, Barbados.

THE DIVISION

The operations of the Private Sector Division (PSD) are anchored in the Private Sector Development Policy and Strategy which is focused on enhancing private sector ecosystems to facilitate the development of dynamic and internationally competitive, high-growth firms and fostering new expanded partnerships with the regional private sector. The focus of the Division is driven by the following three strategic priorities:

• Improving the investment and business climate in the Region
  • Promoting access to finance
    • Promoting equitable enterprise development, especially in the case of Micro, Small and Medium-sized Enterprises (MSMEs)

      THE ROLE

      Reporting to the Head, Private Sector Division, the Coordinator, Development Finance is responsible for planning and coordinating, through a team of Development Finance Officers (DFOs) the identification, preparation, appraisal, and supervision of loans/equities/lines of credit and technical assistance to the private sector and financial institutions. The CDF:

      • provides a consistently high level of technical and procedural advice and guidance to the DFOs and Bank clients in project identification, preparation, appraisal, and supervision activities; and
      • Represents the bank on key issues relating to the establishment of loans/equities/lines of credit and technical assistance for the private sector and financial institutions.

        KEY RESPONSIBILITIES

        1. Lead the development of strategy, policy, technical documents, and tools focused on increasing access to appropriate and affordable finance aligned to CDB's Strategic Priorities and Objectives.
        2. Plan the work programme under the assigned portfolio, based on objectives agreed with Head, Private Sector Division, and allocate workloads and resources to staff with a view to achieving objectives.
        3. Prepare project preparation/appraisal/supervision budgets and processing schedules for assigned projects for agreement with the Head.
        4. Undertake direct preparation, appraisal and supervision of the most complex and/or innovative of the projects assigned or, if circumstances warrant, delegate coordination responsibilities to experienced senior staff who can effectively perform the required role.
        5. Ensure quality control of the work assigned by reviewing and processing related documents, analysing and discussing problem areas and rendering advice and coordinating discussion to resolve problems identified.
        6. Participate and play a lending role in Project Identification Missions and prepare policy papers as required and undertake any tasks that forms part of the Division’s work programme on the direction of the Head or Director, Projects Department.
        7. Manage the assigned team and work programme, evaluate individual team member’s performance on each assignment and provide leadership as well as the highest level of technical and procedural guidance to staff through interpretation of Bank policy, procedures, project design and organisation and management of operations.
        8. Guide and mentor staff in the Division and assist the Head in Staff Performance Evaluation at the appropriate time as per guidelines, recommending as necessary appropriate internal or external training to remedy deficiencies identified.
        9. Develop and build client relations at senior levels and play a promotional role in generating new business for the Bank.
        10. Serve as a focal point on operational issues, relevant to his/her portfolio, to the Bank’s clients as well as its regional and international development partners.
        11. Provide inputs when in the preparation and appraisal of projects by DFOs in PSDD and other areas of the Bank.
        12. Support resource mobilisation strategies for the lending and investment portfolios
        13. Provide insight to guide program development into new areas of interest in response to emerging demands to facilitate the development of innovative financial instruments.
        14. Develop strategic partnerships within CDB (ORM, ESU, RE/EE ) and externally with key stakeholders, including other MDBs, Financial Institutions, Governments, Civil Society.
        15. Organize knowledge management resources and tools to strengthen the quality of knowledge projects and to facilitate regular information dissemination/knowledge transfer internally and externally.
        

        SELECTION CRITERIA

        The Coordinator Development Finance is required to be experienced in corporate and/or project financing, preferably including trade finance, and knowledgeable of the operations of financial institutions lending to the private sector and a broad understanding of the financial sector and capacity building initiatives that support institutional strengthening.

        The successful candidate should have significant experience in originating and supervising equity and debt transactions and be knowledgeable of financial trends and innovations introduced in the market by regional key players, especially in trade finance and banking, insurance, and FinTech.

        The successful candidate should have:

        • A Master's degree in Finance, Business Administration, Accounting, Economics or similar.
        • At least eight (8) years of relevant professional experience in financing for Micro, Small, and Medium-sized Enterprises (MSMEs), including loan origination, credit analysis, and portfolio management. Including substantial experience managing a team.
        • Sound experience in financial and economic appraisals of investment projects and structuring debt and equity transactions.
        • Strong knowledge of the Caribbean financial institutions market, including market players, pricing levels, and financial sector regulations.
        • Excellent credit analysis, financial modelling, accounting, planning, and organizational skills.

          Function-specific Competencies

          The CDF should demonstrate strong proficiency in the following competencies:

          • Ability to achieve results and empower others towards achieving objectives.
          • Capacity to foster a collaborative and high-performance team culture, promoting teamwork and mutual support.
          • Proficiency in communicating complex financial and investment issues clearly and concisely, both verbally and in written form.
          • Mastery of relevant computer applications and financial modelling tools necessary for investment analysis and project management.
          • Ability to operate sensitively in a multicultural environment and build effective working relationships with clients, colleagues and other development partners.
          • Ability to adapt to challenging timelines and sudden or frequent changes in priority to accomplish objectives.
          • Exceptional communication skills, both written and verbal, with the ability to convey complex technical concepts clearly and persuasively.

            BEHAVIOURAL COMPETENCIES

            Competency

            Definition

            Delivering High Quality Work

            Critically reviews work processes to ensure quality; addresses problems that could impact quality; makes sure project deliverables and services meet all requirements and expectations; does not make the same mistakes twice.

            Displaying Technical Expertise

            Keeps his/her technical skills current; effectively applies specialised knowledge and skills to perform work tasks; understands and masters the technical skills, knowledge, and tasks associated with his/her job; shares technical expertise with others.

            Acting Strategically

            📚 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗝𝗼𝗯 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗡 𝗶𝗻 𝟮𝟬𝟮𝟯! 🌍🤝 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗡 𝟮𝟬𝟮𝟯 𝘄𝗶𝘁𝗵 𝘁𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝗨𝗡𝗛𝗖𝗥, 𝗪𝗙𝗣, 𝗨𝗡𝗜𝗖𝗘𝗙, 𝗨𝗡𝗗𝗦𝗦, 𝗨𝗡𝗙𝗣𝗔, 𝗜𝗢𝗠 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿𝘀! 🌐

            ⚠️ 𝐂𝐡𝐚𝐧𝐠𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐟𝐞 𝐍𝐨𝐰: 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐣𝐨𝐛 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐎𝐖!

            Aligns day-to-day activities around broader organisational goals and objectives; prioritises resources based on the strategic objectives of the organisation; recognises and rewards people based on how their actions support the broader needs of the organisation.

            Acting Decisively

            Moves quickly to make decisions and commits to a clear course of action; comfortable making decisions based on partial information; willing to take risks in order to maintain momentum; shows a strong bias toward action.

            Communicating Effectively

            Consistently communicates with clarity and thoroughness to optimise audience understanding. Communicates information in a clear, concise, and timely manner. Demonstrates effective speaking and presentation skills.

            Driving for Results

            Bottom-line oriented and pushes self and others to achieve results. Keeps current on project status; makes sure people are aware of project status and what they need to do to keep things moving; redirects project resources and activities to overcome setbacks; elevates project concerns to senior levels of leadership when appropriate.

            Acting as a Champion for Change

            Actively identifies problems and opportunities for change and implements solutions where appropriate. Maintains effectiveness when experiencing major changes in work tasks or the work environment; and supports people in their efforts to try new things.

            TERMS OF APPOINTMENT

            This is a full-time position with the successful candidate being contracted on a two-year basis in the first instance, with the possibility of renewal. The salary is competitive and commensurate with qualifications and experience. A pension plan, life and medical insurances are included in the benefits package.

            Before you proceed to apply, please consider the following requirements:

            • You must be a national of one of CDB’s member countries.

            • You will be required to produce evidence of any educational and professional qualifications to support your application if you are selected for an interview.

            • All appointments are subject to satisfactory background checks and references.

              CDB fully respects the need for confidentiality of the information supplied and assures you that we will not discuss your background and interest with anyone, including references, without your prior consent.

              The deadline for submission of applications is December 17, 2023 at 11:59 pm AST.

              The Caribbean Development Bank is an equal opportunity employer and values diversity. We encourage all qualified candidates to apply regardless of their racial, ethnic, religious, cultural background, gender, sexual orientation, or disabilities. Women are strongly encouraged to apply.

              The Bank provides reasonable accommodation to individuals with disabilities participating in the job application or interview process. Please contact us to request such accommodation