Investment Officer
Job Vacancy | Monday, September 30, 2024
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- Reference Number 240658 Position Level NS 2 Department Private Sector Operations Department Division Private Sector Investment Funds and Special Initiatives Division Location Asian Development Bank Headquarters Date Posted Monday, September 30, 2024 Closing Date Monday, October 14, 2024 11:59 p.m. (2359 Manila Time, 0800 GMT)
Join Our Mission to Foster Prosperity in Asia
Are you looking to have 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 Investment Officer is assigned to the Investment Funds and Special Initiatives Division (PSIS) within the Private Sector Operations Department (PSOD). You will be based at our Headquarters in Manila, Philippines.
You will report to PSIS designated International Staff and senior National Staff.
Your Role
As an Investment Officer, you will provide technical support to PSIS in the performance of operational and administrative tasks related to planning work and administration of private equity funds.
You will:
a. Credit monitoring of assigned PSIS accounts
- Prepare the credit monitoring reports (annual, semiannual and quarterly).
b. Project monitoring
Monitor the development effectiveness parameters and environmental and social management system (ESMS) compliance of transactions for compilation in PSOD's Development Effectiveness Report. Communicate covenant breaches or unexpected developments in a transaction and work with clients, PSIS staff and other ADB departments to design and implement remedial measures such as waivers and demand letters. Ensure clients submit periodic reports to ADB on time and accurately, and follow up.c. Disbursements
Act as focal for PSOD's middle office, managing disbursement requests, reviewing withdrawal applications, ensuring compliance with conditions and covenants, following up on document submissions, preparing correspondence, and re-estimating project costs and ADB's financing commitments. Help develop disbursement projections, monitor actual disbursements, track shortfalls, and identify their underlying causes.d. Database maintenance
Ensure the completeness of databases for legal documentation, financing and security documents, and project contracts for new project approvals, and post-origination documents. Manage the creation and maintenance of project-related databases, tracking portfolio size, composition, and other characteristics for management information. Maintain databases of transaction covenants and other milestones and oversee junior staff to ensure their correct application.e. Project Annual Reviews and Project Completion Reports
Conduct desk reviews, collect data, assess project performance, conduct interviews, and participate in missions for extended annual review reports (XARR), either independently or with PSOD staff/consultants. Oversee and train junior staff in XARR preparation skills.f. Administrative and Planning Support
Participate in planning initiatives to facilitate PSIS's interaction with other ADB departments and partner institutions and coordinate the preparation of inputs for the annual work program and budget. Help finalize PSIS's submissions for ADB's annual planning, budget exercises, and mid-year reviews. Schedule and oversee administrative and planning tasks for junior staff.Qualifications
You will need:
Bachelor's degree in accounting, business, or economics; preferably with advanced training At least 8 years work experience Knowledge of operational processes and procedures of multilateral/International Finance Institutions. Experience in training and supervising junior staff in work planning, research, analysis, and report preparation Ability to undertake research and analyze data using computer software to monitor performance of Funds; prepare detailed reports in collaboration with other PSIS staff Skills to interview and negotiate internal and external clients that may require international travel Proficiency in oral and written English, with strong report-writing abilities.Please refer to the link for ADB Competency Framework for National Staff Level 2.
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.
Paid leave (including parental) Medical and health benefits Life and other insurance plans Staff development Retirement plan Housing and education allowance (if applicable) Expatriate benefits (for international staff)Additional Information
ADB will be rolling-out a new job grading structure on 1 January 2025, which may result in a change of the position grade and title with no change in the terms of reference. By proceeding with your application, you acknowledge and accept the possibility of such changes resulting from the new job grading structure.
This position is funded by a temporary funding source (e.g., a trust fund, financing facility, or capital expenditure budget) and therefore, the renewal of the appointment and its duration are subject to the availability of the funding source.
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 our Strategy 2030.
ADB only hires nationals of its 68 members.
To view ADB Organizational Chart, please click here.
ADB wants 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.
Visit ADB Careers FAQ for more information.
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