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. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5s), all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.
ENERGY INITIATIVES AND PARTNERSHIPS OFFICER
Reference: ADB/17/524
Location: Côte d’Ivoire
Grade: PL4
Position N°: 50052500
THE COMPLEX
The Vice Presidency for ‘Power, Energy, Climate and Green Growth’ is a Sector Complex focusing on the Bank’s Ten Years Strategy, High 5s priority of “Light up and Power Africa”.
The complex’s objectives are:
To develop policy and strategy;
To provide deep sector technical expertise to the Regions by gathering pool of experienced individuals who can be consulted for their expertise on complicated transactions;
To develop new financing instruments;
To act as spokesperson to represent the Bank with external stakeholders on all aspects of “Light Up and Power Africa”. The Complex focuses on areas of Power systems, policy and regulation, renewable energy; and, Climate and Green Growth.
THE HIRING DEPARTMENT/DIVISION
The Energy Partnerships Department’s core objective is building, strengthening, and maintaining the Transformative Partnership on Energy for Africa. This will require broad engagement with other DFIs, Regional Member Countries, Non-Regional Member Countries, and the private sector (corporates and financial institutions).
The Public Energy Initiatives and Partnerships Division places the Transformative Partnerships as the unifying platform for increased coherence and coordination amongst various energy sector stakeholders and initiatives leading to greater impact and investment
THE POSITION
The Energy Initiatives and Partnerships Officer will be responsible for coordinating partner engagement, mobilizing co-financing and supporting the design of new programmes for the successful implementation of the New Deal on Energy for Africa (NDEA).
More specifically, the incumbent will be responsible for actively managing partner relationships, supporting energy experts in resource mobilization for their projects, including the management and quality assurance of funding requests with internal/external facilities, and supporting the PENP team in designing new programmes and instruments to crowd-in public/private finance towards the NDEA objectives.
DUTIES AND RESPONSIBILITIES
Under the overall supervision and guidance of the Division Manager, the Energy Initiatives and Partnership Officer will perform the following:
Partners Engagement:
Contribute to the coordination of the Transformative Partnership on Energy for Africa to align with other development partners to help reduce duplication of efforts and to help pool resources;
Map the key donor stakeholders at regional and country level, manage relationship with relevant contact persons for the energy sector, and maintain up-to-date records on priority partnership activities.
Collaborate with governments, the regional economic communities, regional power pools and other authorities to identify investment needs;
Contribute to capacity building for national and regional coordination efforts in the energy sector and resource mobilization for this purpose;
Manage relationships with Governments, Regional Organizations, and Regional Economic Communities through transparent and effective arrangements;
Contribute to and manage in-country and regional energy sector stakeholder coordination mechanisms;
Organize convening events, providing content and logistical support, as well as supporting the deliberations and achievements of results.
Resource Mobilization:
Collaborate with public-sector multilateral and bilateral development banks, donors co-financing platforms and AfDB-hosted trust fund to mobilize co-financing for project preparation and project finance, as well as technical assistance to for public-sector capacity-building and enabling environment.
Support energy experts and investment officers in the Complex in the identification of co-financing sources as well as in the preparation of well-articulated and technically sound funding applications.
Develop and manage a pipeline of projects for co-financing, monitor funding application processes and ensure timely delivery to high quality standards.
Design a monitoring & evaluation framework for all the Bank’s co-financing activities in the energy sector and produce quarterly and annual reports on the Bank’s resource mobilization activities for the energy sector.
Administer a list of national and regional priority action projects for the development of Africa’s energy sector;
Programme/Project Design:
Support PENP team in the conceptualization and development of new programmes and initiatives aimed at addressing key bottlenecks in the energy sector and crowding-in resources from public-sector stakeholders (DFIs, Donors, Governments) as well as private players (impact and institutional investors, foundations).
Support energy experts and investment officers in the design and appraisal of new investment operations, with the view of crowding-in additional resources from partner institutions.
Contribute to the delivery of analytical and research work (“economic and sector work”) related to the energy sector to identify gaps and inform programme/project design.
Conduct gap analysis and national and regional sector planning in collaboration with other energy programmes and initiatives;
SELECTION CRITERIA
Including Desirable Skills, Knowledge and Experience:
At least a Master’s Degree or its equivalent in Engineering, Economics, Finance, Business Administration, International Relations, Public Policy Management or other related discipline;
Have a minimum of six (06) years of relevant practical working experience in energy sector issues, including energy sector policy and planning, public and/or private sector energy finance, resource mobilization and development of partnerships
Experience in energy initiatives and/ in a coordination/partnership role or regional energy institution
Experience working across multiple institutions and ensuring collaboration across public, private, and civil society sectors is essential;
Experience in a combination of the following areas is essential: infrastructure development and public-private sector partnerships, preferable in the energy sector.
Experience/understanding of public sector energy finance
Experience/understanding of blended public-private finance and application to energy sector.
Private sector experience is advantageous.
Clear understanding of the drivers and barriers to success in complex regulatory, political and cultural environments;
Knowledge of energy sector development in Africa and familiarity with the work of major entities active in the energy sector;
Experience working across multiple institutions and ensuring collaboration across public, private, and civil society sectors;
Experience in combinations of the following areas (preferably in the energy sector): Government or a regional organization, infrastructure development, sector analysis and planning, public-private sector partnerships, development bank, project preparation facilities;
Experience in bi-lateral and multi-lateral public sector entities, preferably in Africa, and in a coordination/partnership role;
Proven ability to build multi-stakeholder partnerships to manage complex objectives and achieve results;
Knowledge of energy sector development in Africa, including sector gap and planning analyses, and familiarity with the work of major national and regional entities active in the energy sector, including development banks and key donors;
Proven track record of building partnerships for development impact;
Innovation & Creativity
Communication
Client Orientation
Problem Solving
Team working and relationships
Operational Effectiveness
Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
Competence in the use of standard Microsoft Office applications (Word, Excel, Access, PowerPoint); Knowledge of SAP is an added advantage.
CHIEF FINANCIAL ANALYST
Reference: ADB/17/525
Location: Côte d’Ivoire
Grade: PL3
Position N°: 50000926
THE COMPLEX
The Vice Presidency for Finance oversees the financial management of the Bank.
This encompasses the Bank’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization, the strengthening of the non-statutory financial resources and instruments; and the overall asset/liability management for the Bank.
The Vice Presidency for Finance is also responsible syndications, co-financing as well as the innovation, development and marketing of the Bank’s financial products and services.
In addition, the Administrator of the Staff Retirement Plan reports to the Vice-President Finance.
THE HIRING DEPARTMENT/DIVISION
The Syndication, Co-Financing and Client Solutions Department is responsible for the design and introduction of new financial products as well as the provision of structured finance solutions to the Bank’s clients.
The Department is also responsible for the syndication and co-financing of all the Bank’s transactions including but not limited to balance sheet management through secondary market sales and securitization of the Bank’s asset portfolio.
The Client Solutions Division (the “Division”) has primary responsibility for the innovation, development and marketing / dissemination of the Bank Group’s financial products as well as its local currency funding operations.
The Division also provides financial technical expertise and advisory services on project teams supporting task managers and investment officers in originating, structuring, appraising, negotiating, restructuring, secondary sales and closing of transactions.
The Division has the additional responsibility for the lending rate management of the Bank and in assisting Bank clients’ to manage market related risk through derivative based hedging solutions.
THE POSITION
Reporting to the Division Manager, the Chief Financial Analyst will be part of a team of finance spe…ts providing financial solutions and specific finance expertise in support of investments across all sectors and regional member countries of the Bank.
S/He will develop, structure and implement innovative financial solutions, develop new products and deploy a range of Bank products to attract financing from the private sector.
This will include, but not limited to, activities related to the deployment of the Bank’s Guarantee Program.
DUTIES AND RESPONSIBILITIES
Under the overall supervision and guidance of the Division Manager, the Chief Financial Analyst will perform the following:
Development and Marketing of Financial Products:
Design and implement new and/or enhanced financial products for financing, leverage of Bank capital and risk management.
Lead the design of new guarantee approaches and/or financial instruments to meet the changing needs of commercial lenders and institutional investors.
Support the general dissemination and implementation of the Bank’s financial products. This involves developing and delivering training, marketing and communication modules, helping to resolve important funding and risk management issues, and applying a broad knowledge of financial markets and operational issues of each product to ensure high quality outcomes for the Bank and its clients.
Identify sources of risks in the Bank’s lending products and develop processes to assess and mitigate such risks and in addition provide technical support to borrowers in identifying, monitoring and managing risks arising from the implementation of the lending products.
Coordinate the development of relevant pricing methodologies for new products and assess their impact on relevant financial, risk management and lending policies.
Write product specification, technical guidelines and implementation modalities for the Bank’s financial products.
Monitor the performance of products and services, and where necessary, analyze, develop and implement changes to existing product range to ensure that they continue to adequately meet borrower needs.
Provide financial advisory and technical services including debt management and an understanding of Bank products and financial services.
Share experiences and exchange information with similar Divisions in other MDBs and keep a— of financial innovation that can help the Bank’s borrowers. In addition, monitor economic and political trends in the international capital and money markets, and assess their impact on the Bank’s borrowing terms and conditions.
Financial Solutions, Advisory and Finance Technical Expert Support:
Provide financial technical expertise and advisory services on project teams in originating, structuring, appraising, negotiating, restructuring, secondary sales and closing of transactions in various sectors utilizing the breadth of available instruments.
Provide technical support and financial expert advice to operational staff that assist borrowers in making decisions on the choice of the lending products and the packaging of loans consistent with their financial and economic circumstances.
Review and negotiate project documentation, including mandate letters, term sheets, loan and common term agreements.
Lead the Divisions interventions in supporting task managers developing guarantee transactions (for e.g. but not limited to infrastructure projects and capital market financings), including support during upstream preparation, structuring, negotiation, and closing of the transactions. Draft, as appropriate, project related documentation, including guarantee term-sheets and in collaboration with legal counsel, finalize the terms and condition of Bank’s support. Contribute to the operational documents and provide support for internal processing, review transaction agreements, and coordinate across project components with other team members.
Support task managers to design of appropriate structures and solutions to meet the growing and evolving needs of clients.
Assist in formulating regional country member policy for the choice of financing terms.
Assist Bank clients’ in their debt management strategies through the design of customized derivative based hedging solutions.
Domestic Capital Markets Funding:
Assist in Bank’s initiative to issue domestic bonds in African Capital markets and on-lend to projects.
Manage the process of local currency papers preparation to seek approval to designate specific regional member countries’ currencies as approved lending currencies of the Bank and thereafter establish medium term note programs in the underlying countries.
Lead the development of local currency funding strategies for Bank projects utilizing domestic bond issuance, cross currency swaps or synthetic derivative structures.
Design structured transactions (partial credit guarantees, securitizations, credit enhancements, and risk sharing facilities) to assist clients mobilize local currency in domestic capital markets or through syndicated loan structures or commercial lenders.
Contributing to the development and adaptation of financial policies and programmes:
Support the Management of the Division on various matters that relate to policy, strategic issues and project interventions.
Participate and represent the Division as a key member of all the Asset and Liability Management Committee working groups and in technical working groups.
People Management:
Mentor Financial Analysts in the Division to market, design and develop investment and policy operations of the Bank that are intended to mobilize private sector capital.
Promote and support personal development of staff in the Division, by helping to establishing knowledge sharing and training programs to keep the team a— of new finance concepts and techniques.
SELECTION CRITERIA
Including desirable skills, knowledge and experience:
Hold at least a Master’s Degree (or its equivalent) in Finance / Banking, Business Administration, Economics, Accounting or related discipline.
A professional qualification in one of the aforementioned fields.
Have a minimum of seven (7) years of relevant professional experience with good market knowledge – particularly in relation to transaction structures, products, fixed income, derivatives, equity, African capital markets, due diligence, financial analysis of project finance and corporate finance lending and equity investments, risk management instruments.
A Chartered Financial Analyst (CFA) charter holder or an International Capital Markets Association certification will be a plus.
Strong background in investment and development banking with experience in working with private sector projects, state owned entities, utilities/infrastructure authorities and government.
Finance – Working knowledge of a range of financing alternatives and financial instruments; can conduct a range of financial analyses.
Knowledge of market instruments and market sources of financing (sovereign bond financing, municipal/sub-sovereign financing, syndicated lending/infrastructure finance), other sources of financing (e.g., other IFIs, export credit agencies, concessionary bilateral financing, etc.); and risk management/hedging products (e.g., swaps, forwards, futures, options, etc.).
Knowledge of fund raising and on-lending activities in developing capital markets, particularly in Africa.
A full understanding of the capital markets and demonstrated understanding of project finance and the use of risk mitigation instruments to catalyze private capital.
Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other language.
Good knowledge of the use of standard software (Word, Excel, Access, PowerPoint, and web tools).
Treasury Systems – Summit, Reuters and Bloomberg applications.
Deadline
3rd January, 2018.
TO APPLY
Click on Job Title below:
ENERGY INITIATIVES AND PARTNERSHIPS OFFICER
CHIEF FINANCIAL ANALYST
DUE DATE: 20 January, 2018
Latest Recruitment at the African Development Bank Group (AfDB), Wednesday 20, December 2017
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