Principal Investment Officer Job opening at African Development Bank Group (AfDB)

 

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 19^th, 2020

 

Application Guidelines:

To apply, click on the link below. 

https://bit.ly/2Z12a7L 

 

Senior Disbursement Assistant Job opening at African Development Bank Group (AfDB)

 

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: Senior Disbursement Assistant, FIFC.3

Location: Abidjan, Cote d'Ivoire

Role Responsibilities:

As the Senior Disbursement Assistant, you will –  

• Analyze and determine the appropriateness of borrowers’ requests for disbursements and the supporting documentation.
• Determine whether they should be approved, reduced or rejected in accordance with Bank’s policies and procedures. This requires the identification of irregularities and non-compliance with Bank procedures and policies, as well as highlighting circumstances for further investigation where the Bank may be exposed to financial risk.
• Review and recommend changes to disbursement systems, policies and procedures to promote timeliness, accuracy and efficiency in processing while maintaining appropriate internal controls.
• Draft clear and concise correspondence to borrowers of operational staff on disbursement-related issues.
• Processing special commitment amendments and prepare amendment letters.
• Respond to questions from Task Team Leaders, borrowers, commercial banks, and suppliers on payments, balances, and application status.
• Cooperate with concerned departments and stakeholders to resolve disbursement issues promptly.
• Monitoring borrowers’ utilization of special account funds, ensuring that the funds are properly accounted for and used in accordance with Bank procedures.
• Participate in loan disbursement missions to verify use of resources and resolve disbursement issues.
• Contributing to improving the efficiency of disbursement operations by ensuring that records and reports are always properly maintained and updated.
• Participate in technical discussions and loan negotiations to ensure that disbursement arrangements are compliant with Bank Group disbursement policies.
• Providing input on audit reviews, and monitor borrower compliance with audit findings, as requested by the Disbursement Officer.

 

Required Qualifications:

• Hold minimum of a bachelor’s degree or its equivalent in Accounting or Business Administration.
• A minimum of five years of direct relevant experience preferably in accounting in a large organization.
• Familiarity with disbursement policies, guidelines and procedures of multilateral development institutions
• Excellent understanding of basic general accounting concepts and principles, and their application.
• Analytical, systematic, strong numerical skills, attention to details.
• Ability to plan and coordinate schedules in order to meet tight deadlines
• Excellent understanding of internal control concepts and business aptitude for figures and attention to detail
• Ability to adopt new policies, systems and processes in a timely fashion.
• Excellent Client Orientation, Achieving Results and Problem Solving, Communication and Knowledge Sharing, Innovation and Change.
• Ability to communicate effectively (written and oral) in English or French preferably with a good working knowledge of the other language.
• Ability to communicate (Oral) in Portuguese would be an advantage.
• Competence in the use of standard MS Office software (Word, Excel, PowerPoint, Project Knowledge of SAP would be an advantage.
• Certification in one or more SAP modules (preferably FI-MM) will be an added advantage.

 

Application Deadline:

September 13^th, 2020

 

Application Guidelines:

To apply, click on the link below. 

https://bit.ly/3gPAWXP