The Associate Investment Officer will work as a member of the deal team alongside dealing officers from both origination (while the transaction is signed and closed) and portfolio teams.
The incumbent will be responsible for all analysis, risk management and client relationship aspects of assigned transactions from first disbursement to final repayment.
The role involves working with borrowers, multiple PSOD staff and a wide range of internal and external stakeholders. The incumbent will report to designated PSPM international staff.
The role may involve travel to ADB's developing member countries.
Credit monitoring -1) undertakes the preparation of credit monitoring reports (annual, semiannual or quarterly); 2) analyzes client financial data, problems and remedial actions, and performing valuation of equity based on standard financial models;
3) works with dealing officers regarding warning signals or potential problems in transactions and design and coordinating remedial action;
and 4) participates in missions related to monitoring of projects.
Project monitoring -1) ensures adherence by clients to their obligations for submission to ADB of periodic reports on time and accurately and make follow-
ups; 2) undertakes communication with clients in case of covenant breaches or unexpected developments in a transaction; 3) works with clients and other PSPM staff to design remedial measures (waivers, demand letters, others) and implement them jointly with other ADB departments (Office of Risk Management, Office of the General Counsel, Treasury Department, Controller's Department and others);
4) monitors the development effectiveness parameters and environmental and social management system compliance of transactions for compilation in PSOD's Development Effectiveness Report;
5) implements technical advisory programs arranged for clients or projects; and 6) supports client-relationship management and participate in face to face meetings and / or business trips.
Disbursements -1) ensures 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;
2) prepares correspondence, and re-estimating project costs and ADB's share of financing commitments; and 3) ensures the development of disbursement projections, actual disbursements, and tracking of shortfalls and identify the underlying causes of such shortfalls.
Database maintenance -1) ensures 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; and 2) supports the creation and maintenance of project related databases, tracking portfolio size, composition, and other characteristics, for management information.
Project Annual Reviews and Project Completion Reports -1) performs desk review, collects data, assesses financial and developmental performance of projects, conducts interviews and participates in missions to evaluate projects for extended annual review reports (XARR);
and 2) prepares XARRs jointly with PSOD staff or consultants.
Administrative and Planning Support -1) participates in the planning of various initiatives designed to facilitate PSPM's interaction with other ADB departments and in the development of systems and procedures to facilitate liaison and contact with partner institutions;
and 2) coordinates the preparation of inputs for the annual work program and / or budget and assist with finalization of PSPM's submissions related to ADB's annual planning and budget exercises and mid-
year reviews of annual budgets.
Relevant Experience & Requirements
Bachelor's degree in finance or business (or related fields), preferably with Master's degree.
At least 6 years of relevant work experience in the field of lending to and equity investments in corporate financing, project finance, infrastructure finance, or financial institutions preferably with a leading commercial bank, international financial institution, investment bank, infrastructure fund or consultancy firm.
Good understanding of credit and valuation analysis of corporate, financial institutions and / or project finance transactions.
Deep understanding of credit risk and how financial, business and market dynamics impact individual project and portfolio performance.
Excellent understanding of finance business principles and strong skills in client management.
Strong financial and credit analysis skills in multiple financial products including loans, equity investments, and guarantee.
Strong analytical thinking, with 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 collect and organize required data and information, apply appropriate computer skills in analyzing and organizing the data, and prepare notes, papers and detailed, multi-chapter reports.
Skills and confidence required to conduct discussions and negotiations with clients with limited supervision.
Able to work in a multicultural setting and strong team player.
Excellent written and verbal communication skills in English.
Please refer to the link for ADB Competency Framework for National Staff Levels 1 to 2.
The selected candidate is appointed for an initial term of 3 years.
ADB offers competitive remuneration and a comprehensive benefits package . Actual appointment salary will be based on ADB's standards and computation, taking into account the selected individual's qualifications and experience.
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.
Please note that the actual level and salary will be based on qualifications of the selected candidate.