African Development Bank Group (AfDB) was Established in the year 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. The Bank is seeking to build a management team that will lead the successful implementation of this vision.
They are actively recruiting for the position below.
Role Title: Principal Investment Officer, SNOU
Location: Abidjan, Cote d'Ivoire
Role Responsibilities:
As the Principal Investment Officer, you will be responsible for –
- Monitoring the financial and operational performance of impaired projects, offer recovery solutions and effect execution and implementation of agreed workout strategies.
- Preparing regular reports as required on all project resolution activities.
- Identifying Lessons Learned to disseminate SNOU’s workout experience to other investment departments within the Bank to assist Portfolio Management to identify warning signs at an earlier stage and improve quality at entry.
- The preparation of financial forecasts and perform cash flow analysis to determine the debt carrying capacity of borrowers and the return potential for equity investments, participate in due diligence of companies and determine, document and present options for approaching investment resolutions (e.g. trade sale, restructuring, refinancing, turnaround, workout, enforcement and insolvency processes, debt for equity swaps or any other rescue approaches);
- The conduct of business reviews to understand the issues facing companies and offering practical solutions; interact with accountants, legal, financial and sectoral consultants; interact with senior management of investee companies; liaise with other co-investors and DFIs and construct financial and valuation models with sensitivities as required;
- Preparing action plans and different resolution options for each non-performing or impaired investee company for the SNOU Head and other team members to present to the internal CRC including recommended strategies to resolve and optimize problem investments whilst understanding the need to protect the over-arching developmental mandate of the Bank and minimize any reputational fall-out.
- Preparing internal papers and memoranda for investment proposals.
Required Qualifications:
- Hold a minimum of a master's degree in Economics, Business Administration, Finance or relevant field.
- Professional certification in Accounting, Legal or Banking are a strong advantage.
- A minimum of six years of relevant working experience.
- Formal insolvency practitioner license/membership of professional trade bodies is a strong advantage.
- Proven track record and professional experience of working either in a workout or recovery team for a bank or financial institution; or having worked for a major accounting or consulting firm advising clients on workouts, restructurings or non-performing investments or portfolios.
- Diverse experience both geographically and sectorally of investing and divesting across different types and sizes of businesses. International investment experience is a must.
- Proven experience with Private Equity Funds adding value to investments and/or Project Finance would be an advantage
- Ability to assess the effectiveness and efficiency of incumbent management teams, making recommendation on how to change or improve teams in investee companies.
- Sound business judgment, with creative problem-solving skills and ability to think laterally in order to solve problems; and the ability to apply innovative approaches and new methods to solve problems while remaining efficient in a fast-paced, changing and challenging institutional environment.
- Excellent analytical and modelling capabilities and ability to lead transactions from inception to completion.
Application Deadline:
September 19th, 2020
Application Guidelines:
To apply, click on the link below.
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