African
Development Bank Group (AfDB) – 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 80 member states,
including 54 in Africa (Regional Member Countries).
Development Bank Group (AfDB) – 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 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. In order to sharply focus the
objectives of the Ten Year Strategy (2013 – 2022) 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.
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 (2013 – 2022) 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.
We
are recruiting to fill the position below:
are recruiting to fill the position below:
Job
Title: Principal
Investment Officer (Origination)
Reference: ADB/17/426
Locations: Nigeria, Côte d’Ivoire, South Africa, Kenya and Tunisia
Grade: PL4/PL5
Position N°: 50093755 – 50093760 – 50093734 – 50093605 – 50093612 –
50093621
Title: Principal
Investment Officer (Origination)
Reference: ADB/17/426
Locations: Nigeria, Côte d’Ivoire, South Africa, Kenya and Tunisia
Grade: PL4/PL5
Position N°: 50093755 – 50093760 – 50093734 – 50093605 – 50093612 –
50093621
The
Complex
Complex
- The
Vice Presidency for ‘Power, Energy, Climate and Green Growth’ is a Sector
Complex focusing on the Bank’s Ten Year Strategy and first High 5s
priority of “Light up and Power Africa”. - The
complex’s objectives are: - To
develop policy and strategy; - To
provide deep sector technical expertise to the Regions by gathering pool
of experienced individuals who can be consulted for their expertise on
complex transactions; - To
implement new financing instruments; - To
act as spokesperson to represent the Bank with external stakeholders on
all aspects of “Light Up and Power Africa”. - The
Complex will focus on areas of Power systems, policy and regulation,
renewable energy; and, Climate and Green Growth.
The
Department
Department
- The
Energy Financial Solutions, Policy and Regulations department is
responsible for advising Regional Member Countries in the establishment of
relevant policies and regulations and to structure energy investments. - The
department is also responsible for coordinating relevant flagship
programs: Early stage Project support and Financing Catalyst and
Country-wide Transformation. - Under
the department there are two divisions, namely: Energy Policy Regulations
and Statistics Division and Financial Solutions Division.
The
Hiring Division
Hiring Division
- The
Energy Financial Solutions Division provides leadership in the structuring
of financing instruments to attract both public and private sector
investments into the power sector. - These
instruments include grant funding, debt, equity, blended finance,
guarantee instruments, leasing and innovative capital markets solutions. - The
Financial Solutions Division leads on non-sovereign energy sector
operations and provides financial expertise, including structuring
investments across the full spectrum of the energy sector.
The
Position
Position
- The
responsibility of the Investment Officer is to ensure the technical
strength of the Bank’s activities in support of transactions linked to
private sector investments in the electricity sector. - The
main task of the job holder will be to identify business opportunities and
execute transactions related to private investments in energy value chain
and collaborate with the hubs and governance units in supporting
regulatory reforms to allow successful Independent Power Projects (IPP)
investment, as well as process financing instruments through to board
approval for IPP projects.
Duties
and Responsibilities
Under the overall supervision and general guidance of the Division Manager,
Financial Solutions, the Investment Officer (Origination) will perform the
following:
and Responsibilities
Under the overall supervision and general guidance of the Division Manager,
Financial Solutions, the Investment Officer (Origination) will perform the
following:
- Coordinate
the delivery of flagships as relevant to ensure delivery of the New Deal
on Energy objectives; - Support
the structuring of projects involving public and private sector
participation (e.g. in the form of IPP, PPPs and project finance
operations) in close coordination with Hub teams, Power Systems, Renewable
Energy and Energy Efficiency teams; - Work
across the energy value chain and be involved in new business processing
until financial closure; - Contribute
towards developing a strong pipeline of good quality investment
opportunities through anticipating market trends and employing
sector/country knowledge; - Support
negotiation of energy project documents, including Investment Agreement,
shareholders’ Agreement, Concession Agreements, Power Purchase Agreements,
Engineering Procurement and Construction (EPC) Contracts, Operations and
Maintenance (O&M) Agreements, Fuel Supply Agreements, etc.; - Have
a thorough understanding of the power and utilities, including markets,
major operators and technologies; and provide advice to Power and Energy
Complex team members in the regional hubs concerning the processing of
transactions linked to IPP investments. - Develop
a good understanding of project and concession financing, tendering of IPP
projects, policy issues, license conditions, tariff regimes, and
collaborate on these matters as appropriate with sector policy specialists
and government regulators and officials; - Support
evaluation, structuring, negotiation, and closure of new transactions,
including lending, portfolio restructurings, rescheduling, capital
increases, equity sales, leasing, and capital markets solutions; - Develop
innovative and appropriate financial structures for complex transactions; - Participate
in negotiation/documentation phase; negotiate to develop solutions and
overcome bottlenecks in the transaction life-cycle; - Support/advise
the evaluation, structuring, negotiation of new transactions; - Have
an appreciation of applicable capital markets and leasing solutions that
may be employed in financing the energy sector; - Co-ordinate
the work of financial analysts as well as internal and external
stakeholders; - Perform
any other duty assigned by the Division manager or Director.
Selection
Criteria
Including Desirable Skills, Knowledge and Experience:
Criteria
Including Desirable Skills, Knowledge and Experience:
- Hold
at least a Master’s Degree in Economics, Finance, Business and/or a
professional qualification such as: Chartered Financial Analyst (CFA),
Chartered Accountant (ACCA), etc. - Proven
ability to identify, process and negotiate complex transactions in the
energy sector from a private sector standpoint and in particular related
to Independent Power Projects (IPP) investments. - Ability
to review and understand complex financial models; proven ability to
construct financial models from scratch would be a strong bonus. - Appreciation
of company valuation techniques, corporate and project finance concepts as
well as capital markets solutions. - Having
private sector experience will be an added advantage. - Communication:
Good listener with demonstrated ability to present and win support for
ideas. - Client
Orientation and team working skills. Ability to deal with sensitive issues
in a multi-cultural environment and to build effective working relations
with colleagues. - Have
a minimum of six (6) years for PL4 position and five (5) years for PL5
position of relevant experience in financial structuring in the energy
value chain gained from within a Commercial/Investment Bank, Development
Finance Institution, Energy Utility, Infrastructure/Private Equity Fund,
Sovereign Wealth Fund, Energy Project Developer, established
Accounting/Consulting Firm, etc. - Strong
leadership and coaching skills, with a proven track record of creating an
empowering and self-development oriented work environment. - Ability
to communicate orally and in writing effectively in French or English,
with a good working knowledge of the other language. - Competent
in the use of standard Microsoft Office applications (Word, Excel, Access,
PowerPoint)
How to Apply
Interested and qualified candidates should:
Click here to apply
Application
Deadline: 4th
October, 2017.
Deadline: 4th
October, 2017.
