Operations Officer (Financial Analyst)

The Caribbean Development Bank (CDB/the Bank) is seeking to recruit a dynamic professional for the role of Operations Officer (Financial Analyst). The successful candidate will be based at CDB’s headquarters in St. Michael, Barbados.

THE DEPARTMENT

The Projects Departments (PD) is accountable for the pipeline and portfolio of capital and Technical Assistance (TA) projects. The PD is responsible for the identification, appraisal and supervision of all capital and TA projects and sector loans in the Bank’s portfolio. In addition, the Department is responsible for monitoring and reporting on the status of the Bank’s loan portfolio; for the preparation of sector analyses and policy papers, delivery of capacity development training in BMCs in the areas of project development, project management and macro-economic management; and for provision of assistance to micro- and small- enterprises.

THE DIVISION

The Economic Infrastructure Division (EID) is responsible for project cycle activities from project identification through implementation, associated with infrastructure projects, including tourism heritage sites. Post-disaster response is also the responsibility of EID.

THE ROLE

Operations Officers are collectively responsible for the identification of potential projects and TA interventions for inclusion in the Bank’s pipeline. The preparation, appraisal and implementation supervision activities account for a significant portion of the responsibilities of the position. The OO (Financial Analyst) is accountable for due diligence, probity and professional excellence in the discharge of the position’s specific responsibility for the financial, economic and institutional analyses/inputs of assigned projects. The position is also responsible for supervision of institutional and financial performance of Executing Agencies in the operational stage of the investment.

KEY RESPONSIBILITIES

The job will require the OO (Financial Analyst) to:

• Assume the lead role in designing financial and economic models in the preparation and appraisal of assigned projects.
  • Undertake institutional capacity assessments of potential borrowers, including governance arrangements, management capacity and system (IT infrastructure, internal controls etc.) policies and processes.
    • Develop and build client/partner relations at technical/professional project levels and promote the generation of new business for the Bank.
      • Identify and develop capital and capacity building projects and TA interventions in collaboration with BMCs for consideration by the Bank.
        • Provide advice and guidance to the borrower on the application of CDB’s policies and procedures relating to preparation and appraisal for assigned projects.
          • Negotiate programme development and implementation with BMC clients and development partners.
            • Supervise institutional aspects of projects under implementation, including review of project reports for consistency with CDB’s policies and procedures and approved project requirements.
              • Identify and recommend remedial measures where issues arise during project implementation.
                • Analyse project proposals to ensure rigour and completeness in design and the minimisation of risk.
                  • Contribute as a team member to the preparation and appraisal of quality loan/grant financing proposals in respect of assigned projects. Specialist inputs include financial/economic analyses, checking for consistency of information, and ensuring that issues related to compliance with CDB’s policies, procedures and standards are identified and resolved during the appraisal process.
                    • Undertake institutional supervision of entities with loans in the operational stage as assigned.

                      QUALIFICATIONS

                      The successful candidate should have:

                      • A post-graduate degree in Business, Finance, Economics, Accounting, Development Studies
                        • A minimum of eight (8) years’ relevant experience in the practice of financial and economic analysis of investment projects with emphasis on the preparation of projected financial and economic analysis.