Associate Investment Officer

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030. ADB only hires nationals of its 68 members.

The position is assigned in the Portfolio Management Division (PSPM) within the Private Sector Operations Department (PSOD). PSPM is accountable for the pro-active management, reporting and review of ADB's growing private sector debt and guarantee portfolio, including overseeing project implementation and administration as well as managing client relationships over a diverse range of sectors and geographies. PSPM is responsible for managing all risk aspects of the portfolio including credit risk, safeguards risk, integrity risk, as well as the delivery of the development effectiveness goals of projects. PSOD provides investment capital to private sector entrepreneurs, corporates, and project sponsors, as well as financial intermediaries, such as banks and private equity funds, throughout developing Asia. It catalyzes, structures, and funds investments in privately held and state-sponsored companies across a wide range of industry sectors. PSOD's 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.

Job Purpose

The Associate Investment Officer works as a member of the PSOD Middle Office. The position is responsible for the credit administration process and for client services in terms of onboarding, disbursements, covenant monitoring and billing. The role involves working with borrowers, multiple PSOD staff and a wide range of internal and external stakeholders. The role requires strong decision-making skills, the ability to operate with limited supervision and mentoring of junior staff / new joiners. The staff will report to the Principal Investment Specialist / Team Head of PSOD Middle Office in HQ on administrative as well as operational matters.

Responsibilities

• Onboarding and Closing: Ensures accurate system entries to reflect transaction approvals, signings, terminations and cancellations. Coordinates with other ADB units on the timely recording of the transactions; and supervises the process / acts as an approver in the absence of Team Leader.
• Project Monitoring: Ensures adherence by clients to their obligations for timely and accurate submission to ADB of periodic reports and follows up as needed. Coordinates with Deal Teams in case of covenant breaches or unexpected developments in a transaction. Coordinates with other ADB units on further review and action on relevant reports received; and ensures the periodic portfolio reporting is done in a timely manner.
• Disbursements: Ensures processing of disbursement requests, review of withdrawal applications, verification of compliance with disbursement conditions and/or loan covenants, follow up on submission of required documents and review of their completeness and/or validity; and supervises the disbursements processed by other team members in the absence of the Team Leader.
• Database Maintenance: Ensures completeness of database of legal documentation, financing and security documents, and project contracts for new project approvals, as well as completeness of documents created in PSPM post-origination. Supports the creation and maintenance of project-related databases, tracking portfolio size, composition, and other characteristics, for management information; and ensures the periodic portfolio / Key Risk Indicators reporting is done in a timely manner.
• Administrative and Planning Support: Participates in the planning of various initiatives designed to facilitate PSPM's interaction with other ADB units and in the development of systems and procedures to facilitate the credit administration process. Coordinates the preparation of inputs for the annual work program and/or budget and assists in finalizing PSPM's submissions related to ADB's annual planning and budget exercises and mid-year reviews of annual budgets. Supports a wide variety of initiatives at HQ, including participation in cross-functional meetings, knowledge sharing, and strategy related; and ensures the Middle Office function is being represented well through active participation in the relevant initiatives.

Qualifications Relevant Experience & Requirements

Bachelor's degree in finance or business (or related fields), preferably with advance training in Portfolio analysis and management. At least 6 years of work experience preferably in the field of lending in corporate finance, project finance, infrastructure finance, or financial institutions preferably with a leading international financial institution, investment bank, infrastructure fund or consultancy firm. Excellent understanding of finance & business principles, and strong skills in client management. Strong negotiation and decision-making skills. Ability to conduct discussions with internal and external clients with limited supervision. Strong analytical thinking skills, with the ability to comprehend causal links, make pros-and-cons analysis, and analyze factors to reach a decision. Ability to independently identify tasks and priorities within the area of responsibility; formulate and then execute plans for the completion of such tasks. Ability to work in a multicultural setting, be a strong team player and guide junior staff to facilitate work planning and quality delivery. Excellent written (including effective report writing) and verbal communication skills in English is required.

General Considerations

The selected candidate, if new to ADB, is appointed for an initial term of 3 years. ADB offers competitive remuneration 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 seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates 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.