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: Equity Support and Portfolio Management Officer – PINS0
Reference: ADB/18/056
Location: Côte d’Ivoire
Grade: PL5
Position N°: 50086910/50001307
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:
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:
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:
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.
Interested and qualified candidates should: Click here to apply
Application Deadline 15th May, 2018.
Job Title: Investment Officer – Affirmative Finance Action for Women in Africa (AFAWA) – AHGC
Reference: ADB/18/055
Location: Tunisia
Grade: PL.4
Position N°: 50093609
Reference: ADB/18/055
Location: Tunisia
Grade: PL.4
Position N°: 50093609
The Complex
- The Vice Presidency for ‘Agriculture, Human, and Social Development’ is a Sector Complex focusing on two of the Bank’s Ten Year Strategy High 5s priority of “Feed Africa” and “Improve Quality of Life for the People of Africa”.
- The complex objectives are (i) to develop, policy and strategy; (ii) provide deep sector expertise to the Regions by gathering pools of experienced individuals who can be consulted to provide sector expertise on complex transactions; (iii) develop new financing instruments; (iv) the Vice President will act as the spokesperson to represent the Bank with external stakeholders on aspects of “Feed Africa” and Improve Quality of Life for the People of Africa”.
The Hiring Department
- The role of the Gender, Women and Civil Society Department is under the Agriculture, Human and Social Development Complex focusing on the Bank’s TYS High 5s priority of “Feed Africa” and “Improve Quality of Life for the People of Africa”. Furthermore, “Improve Quality of Life for the People of Africa” will be operationalized with focus on Gender, Women and Civil Society.
- The Affirmative Finance Action for Women in Africa (AFAWA) Program is a flagship program of the Bank that was first announced during the Dakar Summit on Agricultural Transformation in Africa as the Bank’s contribution to supporting women in business in Africa, particularly in the agricultural sector. AFAWA was then developed to address the financing gap that exists with respect to access to finance by women in business, by catalyzing and optimally deploying resources towards the objective of improving women’s access to finance.
The Position
- The Affirmative Finance Action for Women in Africa (AFAWA) Investment Officer will be based in the African Development Bank’s Northern Regional Development, Integration, and Business Delivery Office in Tunisia, under the supervision of the AFAWA Program Coordinator and the leadership of the Director, Gender Women and Civil Society Department.
- The AFAWA Investment Officer will work on the design, structure and implementation of operations under the three pillars of the AFAWA Program (financing window, technical assistance and enabling environment), with a prime responsibility of delivering transformative investment and technical assistance projects that will create a positive impact on the empowerment of women in business across Africa.
Duties and Responsibilities
The AFAWA Investment Officer under the oversight of the AFAWA Program Coordinator (AHGC.0), will perform the following duties and have the following responsibilities:
The AFAWA Investment Officer under the oversight of the AFAWA Program Coordinator (AHGC.0), will perform the following duties and have the following responsibilities:
- Generate (originate, develop, structure) and evaluate AFAWA-related projects, with a particular focus on adopting the holistic approach of AFAWA, where the three pillars are developed around the projects.
- Actively participate in project teams to influence on AFAWA activities and results.
- Participate in or lead the review of both lending and non-lending projects, including policy-based operations within the ambit of the AFAWA Program, strengthening the provision of operational inputs for the mainstreaming of each AFAWA key performance indicators, including the identification of women entrepreneurship indicators and development outcomes and specific technical assistance and enabling environment activities.
- Provide appropriate technical expertise to the evolution of the AFAWA Program, to be translated into specific investment solutions based on the initial implementation phase of the Program.
- Provide market intelligence on the women’s market and business case for investing in women; recommend innovative and operational products/toolkits with the aim of addressing adequately the challenges women entrepreneurs face in accessing finance and achieve the objective of the AFAWA Program.
- Work closely with the Gender, Women and Civil Society Department, as well as the Financial Sector, Private Sector and other Sector Departments (notably the Agriculture Finance and Rural Development Department), to harmonize the integration of AFAWA in Bank’s operations.
- Contribute to policy dialogue in the regions on financial inclusion, economic opportunities, empowerment and leadership, trade and integrated value chains; attend technical trainings, seminars and policy summits in related areas.
- Build and maintain strong relationships with clients, global and regional private businesses, banking and multilateral partners to develop specific investment opportunities. Perform other duties as assigned by supervisor.
- Perform other duties as assigned by supervisor.
Selection Criteria
Including desirable skills, knowledge and experience:
Including desirable skills, knowledge and experience:
- Hold at least a Master’s degree or equivalent in Development Finance, Economics, or related field; relevant qualification in investment appraisal and project finance is a plus.
- Have a minimum of six (6) years of investment finance experience, with track record in investment structuring and Small & Medium-size Enterprise finance – experience in developing gender financing products is an asset.
- Good command of undertaking comprehensive due diligence, including financial and economic analysis of clients (financial institutions, Small & Medium-size Enterprises and larger enterprises);
- Experience in financial and investment policy engagement, particularly in relation to inclusive finance and women’s access to credit.
- Demonstrated good knowledge of applying a variety of investment instruments such as debt, equity, guarantees, and other complex financial deal structuring, specifically responding to the needs of the ultimate beneficiaries.
- Experience in addressing the challenges of developing business enabling environment, with good knowledge of the specific barriers faced by women entrepreneurs.
- Demonstrate understanding of regional social and economic issues, analysis and policy formulation; knowledge of the practices of major bilateral and multilateral partner development agencies in African countries is an added advantage.
- Ability to identify possible shortcomings of clients (and to propose solutions, formulated through detailed technical assistance proposals.
- Demonstrate strong analytical and reporting skills.
- Ability to perform in non-traditional sectors and work autonomously within deadline.
- Ability to communicate effectively (written and oral) in French, with a working knowledge of English.
- Competence in the use of standard Microsoft Office applications (Word, Excel, Access, PowerPoint); knowledge of SAP is desirable.
Interested and qualified candidates should: Click here to apply
Application Deadline 14th May, 2018
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