Established
in 1964, the African Development Bank is the premier pan-African development
institution, promoting economic growth and social progress across the
continent. There are 80 member states, including 54 in Africa (Regional Member
Countries). The Bank’s development
agenda is delivering the financial and technical support for transformative
projects that will significantly reduce poverty through inclusive and
sustainable economic growth. In order to sharply focus the objectives of the
Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five
major areas (High 5s), all of which will accelerate our delivery for Africa,
have been
identified, namely: energy, agro-business, industrialization,
integration and improving the quality of life for the people of Africa.
Position title: Private Sector Field Officer
Grade: LP5
Position N°: 50067768
Reference: ADB/17/419/2
Publication date: 19/09/2017
Closing date: 02/10/2017
Country: Cameroon
THE COMPLEX:
The Vice
Presidency for ‘Private Sector Infrastructure and Industrialization’ is a
Sector Complex focusing on the Bank’s TYS H5s priority of “Industrialize
Africa”. The objectives of the Complex are to: develop the ‘Africa Industrial
Strategy’; provide deep sector expertise to the Regions by leveraging on
experienced individuals who can be consulted on complex transactions; develop
new financing instruments; act as the Bank’s Spoke person on “Industrialize
Africa”
THE HIRING DEPARTMENT
The Private
Sector Development (PISD) mandate is to promote private sector development in
Regional Member Countries through activities aimed at improving the investment
climate. In line with bank ten year strategy, PISD will aim to strengthen the
enabling environment for private sector development conducive to the inclusive
growth and sustainable development, nurture public-private partnerships,
strengthen indigenous entrepreneurship, and strengthen African regional and
global integration, trade and investment inward flows for African member
countries. Greater emphasis is also put on Low-Income countries and Fragile
Situations.
The mandate
of the Portfolio Asset Management division (PISD2) is to implement the Private
Sector Development strategy through effective, efficient and consolidated
monitoring and supervision of projects, programs and investments supported by
the Bank through its private sector window. This will be achieved by drawing
lessons from past operations to help improve the quality of new operations;
loans, equity investments, guarantees and other projects.
THE POSITION:
The role of
the Private Sector Field officer is to maintain high quality of the private
sector portfolio in the country/region, develop Bank’s project pipeline in the
country/region and develop a strong relationships with different stakeholders
(Investors, Clients, Governments, Development Institutions).
Duties and responsibilities
Under the
overall supervision of the Division Manager and with guidance from other PISD
Division Managers and senior colleagues, the Private Sector Field Officer will
perform the following:
1. Undertake sustained supervision of on-going
private sector projects in the country/region and prepare relevant reports on
progress, compliance with covenants and implementation issues.
2. Undertake analytical work, including private
sector profiling and assessment of business / investment opportunities and the
competitiveness of the country, in particular within the regional markets,
while working with other donors in assisting and advising government improve
the business environment in the country.
3. Assist in the disbursement process of
approved projects and in examining compliance with conditions precedent.
4. Assist in problem solving and workouts of
distressed projects.
5. Track the receipt from projects of all reports
required under the investment agreements; follow up with clients on delinquent
reports, and keep an overall summary of reporting compliance for the portfolio.
6. Review quarterly operational and financial
reports from clients to monitor progress in project implementation and in
operations, and identify problems/issues.
7. Prepare the quarterly portfolio status
report for submission to Senior Management.
8. Prepare all annual supervision reports and
ensure appropriate input from Legal, Risk Management and Environmental Staff.
9. Deal with problem projects, including
handling of rescheduling, restructurings, and other instruments, and for
processing the internal documents required to obtain Board Approvals.
10. Participate in initial screening of
project proposals to assess their feasibility for financial assistance and/or
technical support by the Bank.
11. Attend/participate in
seminars/conferences/workshops dealing with private sector development and
public-private partnership in the country/region.
12. Contribute to the preparation of Country
Strategy Papers, with particular reference to Private Sector Development and
Private Sector Operations.
13. Participate in relevant donor-coordination
meetings and advise the Country Manager on approaches and policy issues
concerning Private Sector Development and Private Sector Operations.
14. Liaise at all times with the relevant
Divisions at PISD to ensure consistency and compliance;
Selection Criteria
Including desirable
skills, knowledge and experience
1. Hold at least a Master’s Degree or its
equivalent in Business, Finance or Economics or other related discipline;
2. Have a minimum of five (05) years of
relevant professional experience in a development financial institution and/or
strategic consultancy, investment or commercial banking, business development
and macroeconomic analysis
3. Expert knowledge with operations of
financial institutions and capital market structures and treasury products
4. Familiarity with portfolio management
concepts and the analytical tools needed to perform the required analysis;
5. Experience in credit risk, risk rating
methodologies, risk management frameworks, and relevant risk-related policies
6. Familiarity with financial institutions and
project financings/structured finance.
7. Having private sector experience will be an
added advantage.
8. Client and results oriented individual,
with strong analytical and communication (both verbally and in writing) skills,
sense of accuracy and attention to detail;
9. Ability to deal with sensitive issues in a
multi-cultural environment and to build effective working relations with colleagues;
10. A proven track record of working in teams
and creating an empowering and self-development oriented work environment.
11. Ability to communicate effectively
(written and oral) in English or French, preferably with a working knowledge of
the other.
12. Competence in the use of standard
Microsoft Office applications (Word, Excel, Access, PowerPoint);
13. Experience in the use of SAP is
advantageous.
THIS POSITION DOES NOT ATTRACT INTERNATIONAL TERMS AND CONDITIONS (THE POST HOLDER WILL BE CONSIDERED AS A LOCAL STAFF AND WILL NOT HAVE INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT)
Should you
encounter technical difficulties in submitting your application, please send an
email with a precise description of the issue and/or a screenshot showing the
problem to: HR Direct HRDirect@AFDB.ORG
How to Apply
Interested
persons should click here to apply
Application Closing Date
2nd
October, 2017
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