Investment Manager (Portfolio Management Unit) at OPEC Fund for International Development

The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are:  Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.

We are recruiting to fill the position below:

Job Title: Investment Manager (Portfolio Management Unit)

Location: Austria
Department / Unit: Private Sector Operations / Portfolio Management
Required Languages: English / German
Contract Type: Fixed Term Contract
Grade: Professional
Job Category: F
Recruitment Status: International

Job Profile

• This position is responsible for managing a portfolio of the Private Sector Department’s loans (mainly in infrastructure and financial institution sectors), including loan negotiation, implementation of approved operations and continuous monitoring of the assigned portfolio, all in accordance with related finance documents, the departmental strategy and framework and the OPEC Fund’s policies and procedures, in order to contribute to a compliant and optimal project portfolio.  

Duties and Responsibilities
Review & analysis and reporting:

• Reviews and negotiates legal documentation
• Reviews actual and projected annual disbursement
• Supervises processing disbursement requests, review of withdrawal applications, verification of compliance with disbursement conditions/loan covenants, and follow up on submission of required documents and review of their completeness/validity
• Reviews financial covenants, financial model, compliance certificates, external project reports, and other financial reports of borrowers
• Prepares and reviews credit risk rating and monitoring reports (quarterly or annually)
• Reviews and processes waiver, amendment, consent, and rescheduling/restructuring requests
• Conducts monitoring missions and if required, participates in appraisal/due diligence missions
• Stays abreast of country, sectoral, market and product developments 
• Provides recommendations and suggestions to the Director, Portfolio Management for any improvement of the work efficiency and productivity.

Stakeholder management and engagement:

• Negotiates and closes new transactions with borrowers, shareholders, and co-lenders
• External stakeholder management, which are mainly borrowers, co-financiers, and external advisors in order to monitor project implementation in line with the provisions of signed agreements and approved procedures
• Internal stakeholder management, mainly with Risk Management Department, Legal Department, Loan Management, Development Effectiveness, and ESG
• Participates in departmental working groups and organizational taskforces as required
• Represents the OPEC Fund at external conferences, meetings, symposia, and other external events in connection with project review and monitoring.

Carries out other tasks that are related to the job function, assigned by the Director Portfolio Management.

Qualifications and Experience

• Master’s Degree in Accounting, Finance, Commerce, Economics or a (closely) related field.
• A minimum of five (5) years relevant professional experience, of which 3 years should have been obtained within the Private Sector department of a major international development finance institution and/or within a banking environment (including commercial or investment banking, or fund management)
• Experience in managing a portfolio of financial institutions and or project and corporate finance transactions
• Sound negotiation skills, including negotiating loan documentation
• Demonstrated quantitative, qualitative, financial analysis and financial modelling skills
• Strong analytical and problem-solving skills as well as sound business judgment to identify issues and present creative and practical solutions
• Sound financial analytical writing skills with focus on detail
• High initiative and ability to work independently as well as with team members in a collaborative environment
• Strong sense of responsibility
• Strong interpersonal skills with a high level of integrity and drive for achieving results
• Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity
• Fluent in English. Good working knowledge of Arabic, German or Spanish is an added advantage.

Competencies:

• Subject Matter Knowledge - The in-depth understanding and expertise in specific fields relevant to the OPEC Fund's operations and the individual's role.
• Collaboration and Teamwork - The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.
• Customer Centricity  - The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships. 
• Effective Planning and Follow Up - The ability to set clear goals and priorities; skillfully organize tasks for efficiency; consistently follow through on commitments and plans. 
• Sense of Responsibility - The ability to demonstrate ownership and accountability in tasks and outcomes; uphold reliability and commitment to fulfilling responsibilities. 

Application Closing Date
1st March, 2025.