New member? Register

Administrative Jobs in Nigeria

Advertising Jobs Nigeria

Accounting Jobs in Nigeria

Auditing Jobs Nigeria

Arts Jobs in Nigeria

Agriculture Jobs in Nigeria

Architecture Jobs in Nigeria

Aviation Jobs in Nigeria

Automobile Jobs in Nigeria

Banking Jobs in Nigeria

Classified Jobs Nigeria

Computer & InfoTech Jobs

Customer Service Jobs

Civil Engineering Jobs

Cook Jobs

Database Jobs in Nigeria

Driving Jobs in Nigeria

Education Jobs for Nigerians

Estate Management Jobs

Electrical/Electronics Jobs

Engineering Jobs in Nigeria

ERP & SAP Jobs in Nigeria

Facility Mgt Jobs in Nigeria

Finance Jobs in Nigeria

Front Desk Jobs in Nigeria

Geology & Drilling Jobs

Government Public Service-

Hardware Jobs in Nigeria

Hospitality Jobs in Nigeria

Hotel Jobs

HR Jobs in Nigeria

Industrial Attachment (Internship)

Insurance Jobs in Nigeria

Internet & Work aHome Jobs

Java Jobs in Nigeria

Law Enforcement Jobs

Lecturing Jobs in Nigeria

Legal Jobs in Nigeria

Linux & Unix Jobs Nigeria

Marketing & Sales Jobs

Mass Communication Jobs

Maritime & Shipping Jobs

Medical & Healthcare Jobs

Military Jobs in Nigeria

Ministry & Parastatal Jobs

Computer Networking Jobs

NGO Jobs in Nigeria

Oil & Gas Jobs in Nigeria

Oracle Jobs in Nigeria

.Net Technology Jobs Nigeria

Personal Assistant Jobs

PHP & MySQL Jobs in Nigeria

Physician & Med Practioner

Public Sector/Service Jobs

Public Relation Jobs

Programming Jobs in Nigeria

Pri/Sec Sch Teaching Jobs

Real Estate Jobs in Nigeria

Research Jobs in Nigeria

Safety & Health Jobs

Secretarial Jobs in Nigeria

Security Jobs in Nigeria

Sales Jobs

Shipping & Maritime Jobs

Student Jobs in Nigeria

Mass Communication Jobs

Software Developer Jobs

System Admin Jobs in Nigeria

Teaching Jobs in Nigeria

Telecommunication Jobs

Unskilled Jobs Nigeria

Volunteer Jobs Nigeria

Web Developer Jobs Nigeria

Web Designer Jobs in Nigeria

Get Latest Nigerian Job Alert!
Enter your email below.

Delivered by FeedBurner

          Popular Jobs
Jemi Neil Consulting Job Recruitment (3 Positions)

Ericsson Nigeria Job Recruitment (4 Positions)

HNJ Exclusive Job GOODY Bag - April Week One UPDATE!

Latest Internship Job Recruitment in Nigeria - HNJobs (Weekly Recap)

Latest Customer Service / Front Desk Job Recruitment in Nigeria - HNJobs (Weekly Recap)

Latest Oil & Gas Job Opportunities in Nigeria - HNJ Exclusive

Latest Graduate Level Job Recruitment in Nigeria - HNJobs (Weekly Recap)

Regulatory Risk Analyst at Citibank Nigeria Limited

United Nations Development Programme (UNDP) Job Recruitment (4 Positions)

Ascentech Services Limited Job Recruitment (14 Positions)

Candel Company Limited Job Recruitment (4 Positions)

Tempkers Limited Job Recruitment (4 Positions)

Tek Experts Job Recruitment (7 Positions)

Alfred & Victoria Associates Job Recruitment (7 Positions)

Redwire Marketing Consulting Nigeria Limited Job Recruitment (3 Positions)

Greenswealth Corporate Services Limited Job Recruitment (3 Positions)

Health Connect 24x7 Job Recruitment (5 Positions)

Food and Agriculture Organization of the United Nations (FAO-UN) Job Recruitment (3 Positions)

Deloitte Nigeria Job Recruitment (18 Positions)

SPIE Oil & Gas Services Job Recruitment (4 Positions)

Save the Children Nigeria Job Recruitment (3 Positions)

Padua Petroleum Nigeria Limited (PPNL) Job Recruitment (3 Positions)

Indigenous Non-profit and Non-governmental Organization Job Recruitment (4 Positions)

Center for Clinical Care and Clinical Research (CCCRN) Job Recruitment (3 Positions)

Management Systems International (MSI) Job Recruitment (4 Positions)

MindSmith Limited Job Recruitment (4 Positions)

Workforce Group Graduate & Exp. Job Recruitment (4 Positions)

Standard Chartered Bank Internship Programme 2020 - Global Banking

International Business Machines Corporation (IBM) Job Recruitment

CCNA - Technical Service Specialist - WFP at Canon Nigeria

Communication & Advocacy Specialist (Child Protection) at United Nations International Children's Emergency Fund (UNICEF)

Breadish Bakery Job Recruitment (3 Positions)

Norwegian Refugee Council (NRC) Job Recruitment (3 Positions)

Owens and Xley Consults Internship & Exp. Job Recruitment (6 Positions)

McDon Security Limited Job Recruitment (3 Positions)

Concept Group Job Recruitment (5 Positions)

Andela Nigeria Job Recruitment (17 Positions)

Mercy Corps Nigeria Graduate & Exp. Job Recruitment (11 Positions)

United Nations High Commissioner for Refugees (UNHCR) Job Recruitment (3 Positions)

SAP's Young Professional Program 2020

International Rescue Committee (IRC) Job Recruitment (4 Positions)

Country Lead, Program Communications at Mastercard Foundation

Prisdav Consulting Job Recruitment (6 Positions)

Geoplex Drillteq Limited Job Recruitment (3 Positions)

Coleman Cables and Wires Job Recruitment (3 Positions)

Oxfam Nigeria Job Recruitment (3 Positions)

ICAP (Columbia University) Job Recruitment (7 Positions)

Fast-growing National Microfinance Bank Job Vacancies (3 Positions)

Islamic Development Bank (IsDB) Job Recruitment

Outsource Africa Limited Job Recruitment (4 Positions)

Principal Investment Officer at the African Development Bank Group (AfDB)

Posted on Sat 31st Aug, 2019 - --- (0 comments)

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: Principal Investment Officer (SNOU)

Reference: ADB/19/170
Location: Abidjan, Cote D'ivoire
Position N°: 50093652
Grade: PL4

The Complex
  • The Senior Vice-Presidency (SNVP) is responsible for supporting the President in the day-to-day management of the Bank Group to achieve its strategic objective and drive performance culture that will align all processes and systems to deliver high impact results.
  • The SNVP provides effective leadership and exceptional coordination to ensure implementation and monitoring of key corporate decisions as well as the identification of necessary corrective measures and actions.
  • The SNVP leads senior management discussions, decision-making processes and the implementation of key Board and Management decisions. The hiring Unit, SNOU reports to the SNVP.
The Hiring Unit
  • The SNOU provides specialized knowledge and services to resolve distressed and underperforming corporate/project finance loans and equity exposures and assists with the identification and management of problem projects on the Bank’s watchlist.
  • The SNOU works closely with Portfolio Management and Risk Management to plan, organise, resourrce and implement the activities related to private sector project identification, preparation, appraisal, implementation and portfolio management.
  • SNOU leads “Jeopardy” projects where there is a risk of loss to the Bank, and supports portfolio management on “Joint Venture” watchlist projects. Restoring positive operations restructuring Balance Sheets and rescheduling loans to match sustainable debt service capacity is the ideal outcome, returning the project to portfolio management. Other outcomes may range from one-time cash settlements to exit (severing the Bank’s relationship before potential adverse PR associated with failure and job losses) debt for equity and warrant conversions of excess unsustainable debt (to preserve the Bank’s upside value after improvements) through to enforcement of collateral and business or asset sales.
  • SNOU carefully balances purely commercial remedies against the development, social and environmental mandate of the Bank when assessing resolution strategies, whilst managing the overall reputation of the Bank.
  • In addition to managing the unit’s portfolio of underperforming projects, SNOU also shares key lessons learned and promotes “early warning signs” across front office teams to identify and react to problems when they start, not just when the projects are deeply impaired. This preserves value for the Bank and keeps Non-Performing Loans, loan arrears and provisions to a minimum and assists with improving the quality of investments at entry.
The Position
  • The Investment Officer will utilize in-depth knowledge and experience to deliver resolution strategies for problem projects and demonstrate strong leadership skills for direct reports in the Unit as well as internal and external interaction and consensus building.
  • S/he leverages the prior project knowledge from portfolio managers who can be highly valuable temporary members of a tailored SNOU Jeopardy or Joint Venture team and will bring a new vision and objective thinking to decide on the best path forward for the underperforming project. S/he will lead others in the rapid diagnosis of distressed situations and design and implement optimal rehabilitation and exit strategy; take into account the unique characteristics and issues for each project.
  • The incumbent may also be invited from time to time to observe the Credit Risk Committee (CRC) investment process and Board Approval process in order to bring his or her experience to the attention of the Bank. S/he will also represent the Bank professionally with external parties, including auditors/advisors/consultants, Government representatives, Co-investors, Central Banks, Regulators and also at technical and DFI conferences.
Duties and responsibilities
Key Function:
  • Under the supervision and guidance of the Head of Unit (SNOU), the Investment Officer will undertake the following:
  • Monitor the financial and operational performance of impaired projects, offer recovery solutions and effect execution and implementation of agreed workout strategies;
  • Prepare regular reports as required on all project resolution activities;
  • Identify Lessons Learned to disseminate SNOU’s workout experience to other investment departments within the Bank to assist Portfolio Management to identify warning signs at an earlier stage and improve quality at entry;
  • Preparation of financial forecasts and perform cash flow analysis to determine the debt carrying capacity of borrowers and the return potential for equity investments, participate in due diligence of companies and determine, document and present options for approaching investment resolutions (e.g. trade sale, restructuring, refinancing, turnaround, workout, enforcement and insolvency processes, debt for equity swaps or any other rescue approaches);
  • Conduct business reviews to understand the issues facing companies and offering practical solutions; interact with accountants, legal, financial and sectoral consultants; interact with senior management of investee companies; liaise with other co-investors and DFIs and construct financial and valuation models with sensitivities as required;
  • Prepare action plans and different resolution options for each non-performing or impaired investee company for the SNOU Head and other team members to present to the internal CRC including recommended strategies to resolve and optimise problem investments whilst understanding the need to protect the over-arching developmental mandate of the Bank and minimise any reputational fall-out.
  • Prepare internal papers and memoranda for investment proposals.
Selection Criteria
Competencies (skills, experience and knowledge):
  • A Master’s degree Economics, Business Administration, Finance or related discipline.
  • Professional qualifications in Accounting, Legal or Banking are a strong advantage.
  • A minimum of six (6) years of relevant progressive experience.
  • Formal insolvency practitioner license/membership of professional trade bodies is a strong advantage.
  • Demonstrable track record and professional experience of working either in a workout or recovery team for a bank or financial institution; or having worked for a major accounting or consulting firm advising clients on workouts, restructurings or non-performing investments or portfolios.
  • Diverse experience both geographically and sectorally of investing and divesting across different types and sizes of businesses. International investment experience is a must.
  • Experience with Private Equity Funds adding value to investments and/or Project Finance would be an advantage
  • Ability to assess the effectiveness and efficiency of incumbent management teams, making recommendation on how to change or improve teams in investee companies.
  • Sound business judgment, with creative problem solving skills and ability to think laterally in order to solve problems; and the ability to apply innovative approaches and new methods to solve problems while remaining efficient in a fast-paced, changing and challenging institutional environment.
  • Strong analytical and modelling capabilities and ability to lead transactions from inception to completion.
  • Advanced corporate negotiating and influencing skills in workout and investment situations.
  • Solid experience in project management and cross-functional working with diverse teams.
  • Possess the necessary team skills required to lead specialized teams and analyze actions from the perspectives of multiple stakeholders.
  • Demonstrated ability to make effective and timely, well-determined recommendations or decisions.
  • Strong communication skills and the ability to deliver results that meet the needs and interests of clients within and outside the Institution. Understanding cultural sensitivities is key to this role
  • Ability to operate effectively in a matrix management environment, both as team leader and team member.
  • Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues.
  • Demonstrates integrity, Sound judgment, and highest ethical standards.
  • Excellent written and verbal communications in English or French, with a working knowledge of the other language.
  • Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint). Ability to provide strategic advice to the Bank on emerging financial and development issues, as well as corporate issues.
Application Closing Date
29th September, 2019.

How to Apply

Interested and qualified candidates should:
Click here to apply online


Comments (0)

Post a Comment
Name: *
Email: *
Comment: *