Location: Abidjan, Côte d'Ivoire
Position Grade: PL5
Position Number: 50103204; 50093478; 50093643
Posting Date: 24-Jan-2025
Closing Date: 23-Feb-2025
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 (2024 – 2033) and ensure greater developmental impact, five major areas (High 5s) have been identified for scaling up, namely, energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.
The Bank is seeking to recruit dynamic and skilled investment officers who will work on private sector investment transactions within the Industry and Services Division of the Industrial and Trade Development Department (PITD) in the Infrastructure, Private Sector and Industrialization (PIVP) Vice Presidency.
THE COMPLEX:
The Vice Presidency for ‘Private Sector, Infrastructure and Industrialization’ (PIVP) focuses on: (i) developing the private sector; (ii) deepening the financial sector; (iii) improving infrastructure (transport, urban, ICT; cross-cutting); (iv) accelerating industrialization; and (v) boosting intra-African trade. PIVP plays the lead role in: (i) preparing and supervising Non-Sovereign Operations (NSO) in PIVP Sectors; (ii) coordinating NSO processes; (iii) developing and sharing relevant Sector Knowledge; (iv) support the Regions on Sovereign sector operations; and (v) managing Complex Sovereign operations. PIVP combines analytical work and policy dialogue in its sector with financing of specific operations, be they loans, guarantees, or equity investments.
THE POSITION
The core responsibility of the Senior Investment Officer is to identify business opportunities, originate, structure, and execute transactions for non-sovereign (private sector) investments in sectors related to Industrial Value Chains, Manufacturing, Services, Pharmaceuticals, and Information & Communication Technology (ICT).
KEY FUNCTIONS:
Under the direct supervision of the Division Manager for Industry and Services, the Senior Investment Officer will:
Project Development and Processing
1. Liaise and coordinate with other Investment Officers and Bank staff in business development and the origination of a quality investment pipeline.
2. Proactively identify potential investment partners and opportunities based on industry experience, reputation, market potential, financial capability, and strategic fit.
3. Assess the attractiveness of specific investment opportunities with a strong focus on credit quality and development impact and make recommendations to management.
4. Build and maintain strong relationships with other departments, clients, industry leaders, and other financial and multilateral partners, to develop specific investment opportunities.
5. Prepare project concept notes and appraisal reports for presentation to the department, review committees, senior management and finally the Board of Directors.
6. Execute loans, guarantees or equity investments including processing mandates, conducting due diligence, structuring deals, negotiating terms and documentation, coordinating syndications, and processing internal approvals.
7. Collaborate constructively with sector colleagues to proactively find pragmatic solutions to emerging sector challenges.
8. Develop investment promotion strategies in Africa, including targeting potential investors and promoting AfDB's products and services proactively.
9. Work with the legal department to ensure that all deals have appropriate legal documentation and that financial close is achieved, and hand over projects to portfolio management staff.
Design specific innovative transactions, projects, and initiatives
1. Undertakes the work on various aspects of private sector investments and development in Industry and Services and aligns them with institutional objectives for Africa’s Industrialization.
2. Evaluate, structure, negotiate, and close new transactions, with a strong focus on credit and asset quality (including processing mandates, due diligence, negotiating term sheets and other documentation, syndications, and Board approvals).
3. Provide support to others and portfolio teams in processing and supervising projects.
External Liaison and Knowledge Sharing
1. Contribute to the documentation of lessons learned from investment operations and emerging best practices in areas of expertise.
2. Participate in and contribute to information and experience sharing sessions with internal and external stakeholders.
3. Participate in and contribute to activities for advocacy, dissemination and knowledge building relating to AfDB’s investments/operations, products and initiatives.
4. Provide peer review to other colleagues to share industry knowledge and information on key sectors.
5. Provide technical leadership and support to knowledge and lesson sharing approaches and events with internal and external stakeholders.
6. Build and maintain strong relationships with clients, industry leaders, project developers, financial and multilateral partners to develop investment opportunities.
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COMPETENCIES (skills, experience and knowledge)
1. At least a master’s degree in business administration, finance, banking or related areas.
2. Have a minimum of five (5) years of relevant professional experience in project finance, corporate banking and equity investment.
3. Proven ability in business development, origination, structuring, and executing deals in sectors related to industrial value chains, manufacturing, services, pharmaceuticals, information & communication technology (ICT).
4. Work experience in a multinational organization and knowledge of economic developments, sectoral and market trends in Africa. Experience working in a multinational organization in Africa and/or specialized experience in a similar organization(s) would constitute an additional asset(s).
5. Possess strong financial analysis and structuring skills (including experience in financial modelling) as well as sound business judgment.
6. Ability to contribute to sound investment decisions with a focus on credit quality and development impact.
7. Strong client relationship skills and ability to initiate, effectively and independently interact with senior management of potential clients.
8. Excellent problem-solving capabilities, applies business knowledge to the resolution of problems, and identifies solutions to the benefit of the client (internal and external) and the AfDB.
9. Excellent organizational, administrative, and time management skills
10. Proven ability to work with limited supervision and efficiently, to deliver under pressure and meet tight deadlines.
11. Willingness to travel extensively and flexibility for geographic mobility.
12. Excellent presentation skills
13. Ability to communicate orally and in writing effectively in French or English, with a good working knowledge of the other language.
14. Competence in the use of standard Microsoft Office applications (Word, Excel, Access, PowerPoint), SAP, and general IT Literacy.
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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To apply for this position, you need to be national of one of AfDB member countries.
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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