Principal Investment Specialist
- Internationally competitive, paid in US dollars
- Manila, National Capital Region, Philippinen
- Festanstellung, Vollzeit
- Asian Development Bank
- 31 Okt 17 2017-10-31
The Principal Investment Specialist will be a member of the Portfolio Management Division senior management team and will be expected to lead and supervise component parts of the team and portfolio, depending upon experience, and will contribute to the build-out and development of a “best in class” asset and portfolio management function.
Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 67 members, 48 of which are from the Asia and Pacific region. ADB's mission is to reduce poverty and promote sustainable economic growth in the region. ADB's main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.
This position is in the Portfolio Management Division (PSPM), which is part of the Private Sector Operations Department (PSOD). PSPM is accountable for the pro-active management, reporting and review of ADB's growing portfolio of private sector loan, guarantee, equity, and private equity fund investment assets. including managing client relationships. PSPM is currently composed of Infrastructure (Project & Corporate Finance transactions), Financial Institutions and Private Equity Funds teams.
PSOD provides investment capital to private sector entrepreneurs, corporates and project sponsors, as well as financial intermediaries, such as banks, throughout developing Asia. We catalyze, structure, and fund investments in privately held and state-sponsored companies across a wide range of industry sectors. Our emphasis is on commercially viable transactions that generate financial returns while also delivering on ADB's organization-wide mission to promote environmentally sustainable and inclusive economic growth. PSOD is looking for exceptional project and corporate financiers or developers able to identify, structure and close innovative, developmentally and financially robust debt, equity and guarantee transactions.
The Principal Investment Specialist will be a member of the PSPM senior management team and will be expected to lead and supervise component parts of the team and portfolio, depending upon experience, and will contribute to the build-out and development of a “best in class” asset and portfolio management function. The role holder will report to the head of division, Director, PSPM and will supervise international, national and administrative staff.
Management of Key Accounts - this includes but is not limited to:
1) assuming primary account and relationship responsibility for assigned key transactions; and2) reviewing or approving, as the case may be covenant compliance reports, waivers, amendments, consents, annual reviews, ratings, valuation reports, exit proposals and other documents submitted by PSPM staff in connection with primary or secondary account relationships.
Portfolio Management - includes but is not limited to leading and supervising the following:
1) overseeing the monitoring of the financial health and development impact of the portfolio, ensuring that key issues like portfolio and prudential exposure limits are considered and strategic objectives are attained;2) monitoring periodic reviews and progress reporting relating to project implementation, compliance with financial covenants, compliance with Environmental and Social safeguards standards;3) monitoring of payments of fees, receipt of income/dividends from equity investment and equity divestment;4) monitoring the tools being used for financial analysis, risk evaluation and review, and measures to mitigate the identified risks;5) monitoring PSOD's portfolio in terms of composition, size, quality, concentration risk, diversification, credit quality migration, valuation movements, and other criteria;6) ensuring quality and consistency of reports and outgoing communications related to portfolio management;7) comparing exit alternatives and executing approved exit options, which include sell down, hedging, and other exit management measures;8) assessing the impact of prospective new financings on existing portfolio;9) overseeing the quality of project records management system in ADB's online document management system or other equivalent systems; and10) leading in the identification of emerging risks and project implementation problems, and leading the identification of action plans to mitigate against such risks and may be involved in restructuring, or workout activities.
Strategy and Planning - includes but is not limited to:
1) preparing and monitoring annual portfolio management plans;2) leading and overseeing the development of a sound portfolio management strategy;3) designing tools, instruments and models to optimize PSOD's portfolio or a specific component of the portfolio, and execute its optimization strategy effectively; and4) leading, supervising and participating in a number of initiatives and change projects.
Knowledge Center for Governance, Risk Advisory, and Development Impact - includes but is not limited to:
1) leading and overseeing the coordination and expansion of existing and future programs introducing international best practices at investee companies with regard to corporate governance, credit procedures, risk management, internal controls, and other initiatives;2) measuring expected development, environmental and social safeguard outcomes in existing and proposed interventions in close liaison with the Private Sector Transaction Support team (PSTS); and,3) leading and managing the portfolio review, credit reviews and extended annual review reports (XARRs) of the portfolio.
External Liaison and Knowledge Sharing - this includes but is not limited to:
1) Facilitating active relationships with financial intermediaries in the region, institutional investors and other commercial partners;2) Maintaining and sharing knowledge of emerging best practices in project / corporate financing, private equity, corporate social responsibility, and overall investment management;3) Developing and maintaining relationships with the key business and political leaders in developing Asia; and, 4) Analysing and reporting on market and investment trends.
Staff Supervision - this includes but is not limited to:
1) creating and leading multidisciplinary teams and ensure the overall quality of work;2) supervising the performance of teams and individuals providing clear direction and regular monitoring and feedback on performance; and3) providing coaching and mentoring to team and individuals and ensure their ongoing learning and development.
Relevant Experience & Requirements
- Master's Degree, or equivalent, in Business Administration, Finance, or related fields. University degree in Business Administration, Finance, or related fields combined with specialized experience in similar organization/s, may be considered in lieu of a Master's degree.
- At least 12 years of combined professional financial and emerging markets experience in the private sector with remarkable work in project processing, administration of private sector projects covering capital markets, financial institutions, corporate finance, project finance, privatization, financial structuring etc.
- An understanding of how to conduct advanced credit and valuation analysis in respect of one or all of project & corporate finance transactions, financial institutions and private equity funds, in addition to a deep understanding of debt and equity markets and products is essential
- Strong risk management expertise, including rating methodologies, risk categories (market risk, credit risk, operational risk), etc.
- Extensive knowledge and understanding of loan, investment and credit products, including underwriting, pricing, servicing, accounting, exiting, etc. and with particular experience in developing markets
- Ability to lead negotiations with investee companies, borrowers, fund managers, existing and prospective shareholders, sponsors, co-lenders and co-investors
- Experience in dealing with distressed assets in an advantage
- Strong analytical and structuring capabilities
- Proven leadership qualities and interpersonal skills
- Supervisory and team management skills are essential, along with the ability to drive a high-performance culture and lead by example
- Experience in managing a team with diverse interdisciplinary skills
- Ability to multi task is essential
- There will be frequent travel to developing member countries (DMCs)
- Excellent oral and written communication skills in English, in particular a strong ability in business writing
- International experience working in development in several countries
The selected candidate is appointed for an initial term of three (3) years.
ADB offers competitive remuneration at the range between USD 155,900 and 218,300 per year for this vacancy and a comprehensive benefits package. Actual appointment salary will be based on ADB's standards and computation, taking into account the selected individual's qualifications and experience.
ADB only hires nationals of its 67 member countries.
ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates who are nationals of ADB member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.
Please note that the actual level and salary will be based on qualifications of the selected candidate.
To apply, visit https://www.adb.org/careers/170840.
Deadline for applications is on 27 November 2017.