Investment Specialist

IMPORTANT INFORMATION:

Close relatives¹ of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.

¹Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle

Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).

In the event that the staff appointed to a new category (i.e. from AS to NS, or from NS to IS) is rated at 2 or lower in the first two performance reviews after appointment at the new level, they will return to the level occupied immediately prior to their appointment in the new category.

Overview

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.

ADB only hires nationals of its 68 members.

The position is assigned in the Social Sectors Team (SST) under the Office of the Director General (OPSD) of the Private Sector Operations Department (PSOD). SST supports projects and companies primarily in the health and education sectors by providing assistance in the form of debt and direct equity investments. PSOD provides investment capital to private sector entrepreneurs, corporates and project sponsors, as well as financial intermediaries, such as banks, throughout developing Asia. We catalyze, structure, and fund investments in privately held and state-sponsored companies across a wide range of industry sectors. Our emphasis is on commercially viable transactions that generate financial returns while also delivering on ADB’s organization-wide mission to promote environmentally sustainable and inclusive economic growth. To learn more about PSOD, watch this video.

To view ADB Organizational Chart, please click here.

Job Purpose

The Investment Specialist will assist in the identification, screening, due diligence, structuring, obtaining of approvals, negotiation, implementation and closing of successful direct debt financing and equity investments in health and education sector companies across ADB’s developing member countries (DMCs). The incumbent will report to Deputy Director General, PSOD and may supervise national / administrative staff and consultants.

Responsibilities

a. Transaction Origination and Processing – will include not limited to:
• Assists in the identification, development, and processing of transactions in the health and education sectors to be considered for ADB private sector investment;
• Nurtures active relationships with companies in the health and education sectors, financiers, and various advisors in the region, including through business development travels;
• Assists in developing a pipeline for ADB private sector investment in the health and education domain by identifying potential debt or equity transactions presenting both a strong developmental impact potential and robust financial profile;
• Undertakes comprehensive financial assessment, including analysis of audited financial statements, financial modeling including sensitivity analysis, credit rating for debt transactions, and valuation for equity transactions;
• Undertakes comprehensive due diligence on market, commercial, technical, environmental, social, corporate governance, and integrity issues related to the proposed transactions;
• Structures and negotiates the proposed financial assistance, ensuring proper risk management is applied;
• Presents the transaction rationale and make recommendation on the proposed transaction terms to ADB’s Management and Board;
• Ensures a prompt financial closing of the transaction, with legal documentation reflecting the decisions of ADB’s Management and Board; and
• Ensures compliance with internal guidelines, policies, and procedures, as well as with market best practices.

b. Strategy and Planning – will include but not limited to:
• Contributes to the development of policy and strategies for ADB’s developmental goals for the private sector in the health and education domain in consultation with relevant stakeholders; and
• Coordinates work with other departments on project related and strategy policy matters, including through participation in the Health and Education Thematic Groups.

c. Knowledge Sharing – will include but not limited to:
• Participates in and contribute substantially to relevant learning events and other activities for advocacy, dissemination, and knowledge building;
• Drafts, reviews, and provides comments on project, policy, and other papers related to private sector development and operations in the health and education domain.; and
• Maintains and shares knowledge of emerging best practices in the health and education sectors.

d. Staff Supervision – will include but not limited to:
• Takes the role of project team leader and supervise the work of team members for individual transactions;
• Supervises the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance;
• Ensures the on-going learning and development of reporting staff.

Qualifications

Relevant Experience & Requirements

• A University Degree in Business Administration or Finance or equivalent preferably at post-graduate level or its equivalent.
• At least 6 years work experience preferbaly in corporate and project lending, investment banking or private equity, leading direct cross-border debt or equity transactions with exposure to the health or education sectors in Asia.
• Excellent financial modeling, equity valuation, corporate and project finance, and other core banking and investment skills.
• Familiarity with legal documentation for typical banking or private equity transactions
• International experience working in multiple countries
• Excellent written and verbal communication skills in English is required
• Please refer to the link for ADB Competency Framework for International Staff Levels 3-4.

General Considerations

The selected candidate, if new to ADB, is appointed for an initial term of 3 years.

ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB’s standards and computation, taking into account the selected individual’s qualifications and experience.

ADB HQ is currently operating under limited occupancy and most staff continue to work from home.

ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.

Please note that the actual level and salary will be based on qualifications of the selected candidate.