EOI - Financial Sector Development and Investment Specialist - PIFD 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: Expression of Interest for Financial Sector Development and Investment Specialist - PIFD

Location: Abidjan, Cote d'Ivoire
Consultant type: Individual Consultant
Job Family: Finance

Brief Description

• Under the general supervision of the Financial Intermediation and Inclusion (PIFD.1) Division Manager, We have the pleasure to inform you that the African Development Bank Group (‘AfDB’ or the ‘Bank’) will require the Services of a Private Sector Development and Investment Specialist hereafter the ‘Consultant’ to support in the origination of new financial sector investments across Africa; processing of ongoing operations as well as other projects and initiatives of the Division’s growing business operations and activities in support of financial sector development in Africa.

Duties and Scope of Work

• Under the overall guidance of the Manager –Financial Intermediation and Inclusion Division(PIFD1) and under the immediate supervision of the assigned Task Manager(s), the consultant will be required to perform the following duties:
• Participating in or leading the preliminary evaluation of both lending and non-lending projects.
• This involves the initial screening of project applications, carrying out of desk reviews and evaluation of feasibility studies, preparing preliminary evaluation notes for presentation to the Department Management Team and more detailed project concept notes to obtain concept clearance for full appraisal or fact-finding missions;
• Participating in the planning and execution of appraisal and fact-finding missions. This includes developing terms of reference for the mission, monitoring the work of the mission team, and carrying out independent research. The work also includes assessing the risks of projects and advising on the appropriate structure or conducting preliminary negotiations with sponsors;
• Preparing project appraisal reports for presentation to the Department, the various review committees and finally to the Board of Directors;
• Ensuring that all conditions precedent have been fulfilled on a timely basis and all fees are billed and collected from clients;
• Developing relationships within the Bank and with other institutions involved in financial markets development; Participating in seminars, workshops and conferences dealing with financial markets issues;
• Coordinating closely with social environmental, and technical assistance colleagues in order to add value to our client's businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact;
• Assist in integrity due diligence for potential clients;
• Building and maintaining strong relationships with clients, global and regional private businesses, banking and multilateral partners to deepen the financial sector and to develop specific investment opportunities;
• Any other duties as may be assigned by the manager,PIFD1

Required Qualification and Experience

• Advanced Degree at Master’s level in Finance, Banking, Economics, Business Administration,or any related field;
• At least seven (7) years of relevant professional experience involving lending or investment and nonlending operations or activities aimed at financial sector development in emerging and/or developing markets;
• Demonstrated good knowledge of RMCs or developing economies, the capacity of conceptual and strategic analysis, and good command of undertaking comprehensive due diligence including financial analysis of financial institutions, including banks, non-bank financial institutions and private equity funds;
• Demonstrated  good  knowledge  of  applying  a  variety  of  financial  intermediation instruments such as debt, equity, guarantees, and other complex financial deal structuring;
• Ability to identify possible shortcomings of client (financial) institutions and to propose solutions, formulated through detailed technical assistance proposals;
• Capacity to conduct independent research and analyses, identify problems, propose solutions, and make recommendations to Management;
• Capacity to prepare reports and documents. Capacity to present and defend the consistency of proposed programs and projects. 
• Capacity to work within specified time limits;
• Strong interpersonal skills and ability to interact directly and independently with senior management of potential clients, financial and technical partners, and government officials, and colleagues from various cultural backgrounds;
• Excellent communication and negotiation skills; Proficiency in French (spoken and written) is essential, an excellent command of English is preferable;
• Command of standard computer software applications; proficiency in the use of Microsoft Office applications (Word, Excel, and PowerPoint);
• Excellent knowledge of Bank’srulesandprocedureswouldbeanasset.

Accountability & Reporting:

• The consultant will be housed in the Financial Inclusion and Intermediation Division and will report to the Division Manager

Duration and Payment
Duration:

• The consultant will be employed for 12 months. The position will be based in Abidjan (however, the consultant may be working remotely) and the tentative starting date is 12th June 2023.

Professional Fees and Reimbursable:

• The consultant will be paid a competitive monthly rate in accordance with Bank guidelines.

Travel:

• All travel arrangements and payment shall be in accordance with the Bank’s Travel Policy (P.I003/2000asamended).

Payment:  

• Payment shall be made in USD or Euros not later than 45 days based on monthly invoices (and copies of receipt invoices) submitted by the consultant after the end of the month in duplicate, but only after submission and acceptance of any / all associated deliverables.

Application Closing Date
2nd June, 2023.