Equity Support and Portfolio Management Officer - PINS0 at the African Development Bank Group (AfDB)

African Development Bank Group (AfDB) - 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.

We are recruiting to fill the position below:

Job Title: Equity Support and Portfolio Management Officer - PINS0

Reference: ADB/18/056
Location: Côte d’Ivoire
Grade: PL5
Position N°: 50086910/50001307

The Complex

• The Vice-Presidency for Private Sector, Infrastructure and Industrialization is central to the Bank’s mission of developing the private sector, improving infrastructure and accelerating industrialization.
• The complex main functions are to (i) strengthen the enabling environment for private sector [and financial sector] development conducive to inclusive growth and sustainable development, (ii) support the development of reliable and sustainable infrastructure, including cities and urban development, and (iii) place renewed emphasis on industrial and trade performance in support of structural transformation across Africa.
• The Complex leverages knowledge, co-financing, and partnerships to attract private capital and work with governments on delivering the Bank’s development agenda.

The Hiring Department

• The role of the Bank’s Non-Sovereign Operations and Private Sector Support Department of the Bank (PINS) is to promote private sector in Regional Member Countries, ensuring that it plays a central role in laying the foundations in the development role of the Bank, in line with the Bank’s 10 Year Strategy and HI 5 initiatives.

The Position
The main responsibilities of  the position holder are:

• Provide origination support on the equity investment operations of private sector projects, primarily at origination level throughout the project cycle;
• Assist with the equity portfolio activities (advisory committees, reporting and analytics).
• Contribute to the asset class business intelligence (market trends, benchmarking, etc.)

Duties and Responsibilities
Under the general guidance and supervision of the Chief Private Sector Transaction Officer, the Equity Support and Portfolio Management Officer will perform the following duties and responsibilities:

• Assist the NSO sectors departments to evaluate equity project proposals, teasers, pitch books and financial models to assess their feasibility and readiness for investment by the Bank;
• Participate in compilation of full equity investments deal flow  for the NSO Departments department and the Bank and produce the  preparation of the long- and short-lists of selected projects, including leveraging on connections and co-investment opportunities;
• Prepare and regularly update web-based material on the Bank's equity business and coordinate with Client Management Team on external (wholesale) engagement with client and Communications Team;
• Implement granulated market database of market intelligence which will be internal to the Equity Cluster to be used to generate  reports as needed;
• Be current with all developments on PE Investments in Africa through training, monitoring of general news sources and participation in external activities;
• Assist in the organization of internal workshops, meetings and training sessions to enhance general PE industry knowledge inside the Bank ;
• Assist the Equity portfolio Management activities including the Advisory Committee Meetings and project supervision duties,
• Produce necessary BTORs, PSRs, ASRs, XSRs for  assigned projects
• Assist in the analysis of projects and portfolio trends and report on portfolio quality in terms of financial performance, operational performance, environmental impacts and development effectiveness;
• Assist the internal and external auditors to perform periodic review of internal controls;
• Attend seminars/conferences/workshops dealing with Private Equity development on the continent to enhance PE industry knowledge ;
• In collaboration with others (PINS, consultants, and wider AfDB interest groups as appropriate) update and produce when required review of equity related framework, guidelines and manuals;
• Handle other ad hoc assignments as requested by the management team of PINS.

Selection Criteria
Including desirable skills, knowledge and experience:

• At least a Master’s degree (or its university equivalent) in Finance or  Economics;
• A minimum of five (5) years of relevant professional experience in the Bank or a similar institution and/or in strategic consultancy, Private Equity Fund, Asset Management.
• Strong knowledge of equity valuation methods for sector based investments.
• Strong Experience in investment appraisal, project finance, and/or corporate finance;
• Experience in direct equity investment and private equity funds appraisal
• Proven ability to acquire new skills (particularly in legal, investment, risk capital, technology and innovative sectors)
• Capacity to adapt to the rapidly evolving needs of the Bank’s Non-Sovereign Operations ecosystem.
• Knowledge of international economic development issues is not essential, but would be an asset.
• Sense of initiative and innovation in proposing solutions to client needs;
• Ability to respond swiftly to new situations and to anticipate new issues;
• Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
• Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint). Knowledge of SAP is desirable.

Application Closing Date
15th May, 2018.

Method of Application
Interested and qualified candidates should:
Click here to apply online