| JOB NAME |
Division Manager, Financial Solutions [Abidjan, Côte d'Ivoire]
POSTED BY: African Development Bank Group
REF:AFDBG 2010
Date Published:Wednesday, May 22, 2024
Date of Expiration:Monday, November 18, 2024 EXPIRED
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| LOCATION OF THIS JOB |
 Cote d'Ivoire | ABIDJAN in Cote d'Ivoire |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
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| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
Location: Abidjan, Côte d'Ivoire
Position Grade: PL2
Position Number: 50092427
Posting Date: 21-May-2024
Closing Date: 20-Jun-2024
THE BANK:
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 81 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 (2023 – 2032) 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
THE COMPLEX:
The Vice Presidency for ‘Power, Energy, Climate and Green Growth’ is a Sector Complex focusing on the Bank’s Ten-Year Strategy High 5s priority of “Light up and Power Africa”. The complex’s objectives are (i) to develop policy and strategy; (ii) provide deep sector technical expertise to the Regions by a gathering pool of experienced individuals who can be consulted for their expertise on complicated transactions; (iii) develop new financing instruments; (iv) represent the Bank with external stakeholders on all aspects of “Light Up and Power Africa”. The Complex focuses on areas of financial solutions, power systems development, policy and regulation, renewable energy as well as climate change and green growth.
THE HIRING DEPARTMENT/DIVISION:
The role of the Energy Financial Solutions, Policy and Regulation department is to: structure financing to support private sector investors, utilities and project developers; and provide technical assistance to national and regional institutions in the establishment of relevant policies and regulations to facilitate energy investments. The department comprises two divisions: the “Energy policy, Regulation and Statistics” Division and the “Energy Financial Solutions” Division.
THE POSITION:
The “Energy Financial Solutions” Division Manager will manage a team of Investment Officers that will collectively have the overall responsibility for providing financial expertise and structuring investments across the full spectrum of the Bank’s financing instruments, covering debt, equity, guarantees and capital markets solutions.
KEY FUNCTIONS:
Under the overall supervision of the Director, Energy Financial Solutions, Policy & Regulation Department, the incumbent will perform the following duties:
1. Coordinate origination, due diligence and approval of investments to support delivery of the New Deal on Energy for Africa.
2. Run the “Financial Solutions” Division to structure investments across the full spectrum of the energy sector and manage a team of investment officers and financial analysts.
3. Engage with other departments (e.g. Power Systems Development and Renewable Energy & Energy Efficiency) during the preparation of projects and provide requisite expertise on financial and economic analysis involving both public and private stakeholders.
4. Lead the appraisal of projects involving private sector participation such as Independent Power Projects, and corporate/project finance operations).
5. Lead mobilization of resources (syndication, co-financing/blended finance) and design of new financing approaches to crowd in private sector participation in energy related investments.
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| REQUIREMENTS FOR THIS JOB |
COMPETENCIES (skills, experience and knowledge):
1. Have at least a Master's degree in Engineering, Business Administration, Economics, Finance and/or a professional qualification such as: Chartered Financial Analyst (CFA), Chartered Accountant (ACCA), or related field?
2. Have at least eight (8) years’ experience (including three (3) years management experience) in project finance structuring, corporate finance, equity investments, guarantees and capital markets solutions...
3. Experience of working across multiple institutions and ensuring collaboration across public, private, and civil society sectors is essential.
4. Experience in a combination of the following areas will be essential: infrastructure development and policy; public-private sector partnerships; and/or regulatory / legal specializations.
5. Understanding of the power sector value chain, including upstream, midstream and downstream activities. Ability to innovate and create financing solutions to meet clients’ requirements.
6. Ability to communicate effectively and mobilize key actors to delivery (private sector, public sector).
7. Proven ability to build and direct a high performing team to achieve visionary and challenging goals.
8. Proven interpersonal skills demonstrated by the ability to work in a multi-cultural, multi-ethnic environment, with sensitivity and respect for diversity and the ability to build trust and provide leadership to different team members.
9. Highly developed negotiation skills proven to yield positive outcomes with counterparts, both internal and external.
10. Ability to listen and communicate effectively with counterparts.
11. Clear understanding of the drivers and barriers to success of energy projects and appropriate structuring.
12. Deep knowledge of energy sector developments in Africa and familiarity with the work of different types of financial institutions.
13. Highly developed strategic thinking skills allied to an ability to translate strategic concepts and direction into the implementation of workable and sustainable policies and regulations.
14. Understanding of climate finance and track record of structuring and implementing blended finance solutions.
15. Ability to communicate effectively (written and oral) in English or French, with a working knowledge of the other.
16. Competence in the use of standard Microsoft Office Suite applications and preferably SAP.
THIS POSITION IS CLASSIFIED INTERNATIONAL STATUS AND ATTRACTS INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT.
Should you encounter technical difficulties in submitting your application, please send an email with a precise description of the issue and/or a screenshot showing the problem to: HR Direct HRDirect@AFDB.ORG(link sends e-mail)
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Applicants who fully meet the Bank's requirements and are considered for further assessment will be contacted. Applicants should submit a concise Curriculum Vitae (CV) and any additional documents that may be stated as required. The President of the African Development Bank reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer. Female candidates are strongly encouraged to apply. http://www.afdb.org
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