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 Banks 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: Chief Co-Financing Officer
Position N°: 50076438
The Hiring Department
- The Vice Presidency for Finance oversees the financial management of the African Development Bank Group (the “Bank”).
- This encompasses the Bank’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank.
The role of the Syndications, Co-Financing and Financial Technical Services Department (FIST) is to:
- Provide centralized syndication, co-financing and financial technical services to the entire Bank cutting across both public and private sector lending activities and across products;
- Establish and coordinate the achievement of bank-wide co-financing targets and key performance indicators; and
- Develop and implement financial products.
Duties and Responsibilities
- Reporting to the Syndications and Co-financing Division Manager, the Chief Co-Financing Officer develops and maintains close relationships with co-financiers with a view to facilitating and maximizing co-financing of sovereign and non-sovereign projects utilizing both existing and new co-financing arrangements and facilities.
- Existing arrangements presently include the Nigerian Trust Fund, the Accelerated Co-Financing Facility for Africa (Japan), the Africa Growing Together Fund (China), Agence Française de Développement (France), the European Union, the Korean Economic Development Cooperation Fund, the Islamic Development Bank and other ad hoc arrangements based on general cooperation agreements (MOUs).
Under the overall supervision of the Syndications and Co-financing Division Manager, the Chief Co-Financing Officer will perform the following:
- Creatively and proactively, strive to ensure the effective utilization, implementation and management of the Bank’s existing and future co-financing facilities and partnership arrangements.
- Origination responsibilities - in consultation with the sector teams, identify potential targets for utilization of cofinancing facilities and discuss with the sector teams on pitching; origination includes providing structuring guidance to investment officers and task managers and actively participate in presenting proposals to clients
- Facilitate communication and the flow of information within the Bank and with external stakeholders;
- Coordinate with key internal counterparts (Office of the Vice President for Regional Development, Integration and Business Delivery; Regional and Country Program Officers; Sector Departments and project Task Managers among others) to identify co-financing opportunities in the Bank’s pipeline for the attention of relevant co-financing facilities coordinators.
- Manage/coordinate one or more co-financing facilities or partnership arrangements as may be assigned, serving as primary point of contact and representative of the African Development Bank to the partner institutions in all matters related to the facilities in question.
- Acquire and apply expert knowledge of Bank’s co-financing facilities and Bank’s project cycle to support and ensure Bank’s overall achievement and compliance with co-financing and partnership agreements as well as Bank’s applicable policies and procedures.
- Track, acquire, consolidate, verify and analyse relevant information from many sources, both internal and external, including information on project evaluation and development results.
- Prepare regular/required reports on co-financing activities etc., support and contribute to the preparation of other internal and external reports as needed.
- Promote knowledge and awareness of Bank’s co-financing arrangements; prepare a variety of other documents and materials as may be required from time to time, e.g., for promotion and public relations, training, explaining the achievements and development results attained through co-financing, etc.
- Contribute constructively to the design and development of new facilities/arrangements.
- Contribute constructively to the formulation and review of relevant Bank policies, rules and procedures.
Including desirable skills, knowledge and experience:
Application Closing Date
- A Master's Degree (or its equivalent) in Development Economics, Business Administration or related disciplines.
- At least six (6) years of relevant experience acquired in, e.g., a reputable development finance institution or bilateral aid agency.
- The ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other language.
- Additional useful languages, e.g., Japanese, Chinese, Korean, Arabic
- Strong writing skills are essential; plus analytical and quantitative skills.
- Understanding of global aid architecture and familiarity with current development issues and events in the development arena.
- Knowledge of Bank or other multilateral development banks/development finance institutions project cycle activities and applicable rules, policies, procedures and standard practices, including procurement and disbursement.
- Experience with Bank or comparable large public/international organization administrative rules and procedures, e.g., budget, work program, recruitment and management of consultants, etc.
- Ability to fully utilize systems, policies and procedures to solve problems and deliver required results.
- Demonstrated strategic, creative and logical thinking, initiative, problem-solving, common sense, sound reasoning and judgement.
- Ability to plan and organize, achieve desired results on a timely basis.
- Professional demeanor – diplomatic, punctual, well-organized, respectful, ethical, reliable, confident, decisive.
- Teamwork – collaboration, networking, relationship management.
- Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
- Demonstrated competence in the use of standard software (Word, Excel, Access, PowerPoint, SharePoint).
- Experience with SAP work environment.
26th April, 2019.
How to Apply
Interested and qualified candidates should:
Click here to apply online