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Apply: AfDB Principal Investment Officer

AfDB

Deadline: 19 September, 2020

Location: Abidjan, Ivory Coast

The African Development Bank (AfDB) is recruiting to fill the position of Principal Investment Officer.

AfDB’s mission is to spur sustainable economic development and social progress in its regional member countries (RMCs).

Responsibilities

  • Monitor the financial and operational performance of impaired projects, offer recovery solutions and effective execution and implementation of agreed workout strategies
  • Prepare regular reports as required on all project resolution activities
  • Identify lessons learnt 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
  • Prepare 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)
  • Conduct business reviews to understand the issues facing companies and offer 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
  • Prepare 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 optimise problem investments, whilst understanding the need to protect the over-arching developmental mandate of the bank and minimise any reputational fall-out
  • Prepare internal papers and memoranda for investment proposals

Requirements

  • Master’s degree in Economics, Business Administration, Finance, or a related discipline
  • Professional qualifications in Accounting, Legal or Banking (desirable)
  • Six years, minimum, of relevant progressive experience
  • Experience of working either in a workout or recovery team for a bank or financial institution
  • Experienced working both geographically and sectorally
  • Ability to assess the effectiveness and efficiency of incumbent management teams, making recommendations on how to change or improve teams in investee companies
  • Ability to think laterally in order to solve problems
  • Ability to apply innovative approaches and new methods to solve problems while remaining efficient in a fast-paced, changing and challenging institutional environment
  • Ability to make effective and timely, well-determined recommendations or decisions
  • Ability to deliver results that meet the needs and interests of clients within and outside the bank
  • Excellent written and verbal communications in English or French
To apply and for more information, click here.

Photo source:  Rwanda Government

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