JOB DESCRIPTION

Join Our Mission to Foster Prosperity in Asia

Are you ready to make a difference on the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.

Organizational Setting and Reporting Relationship

The position of Associate Investment Officer is assigned to the Risk Analytics Unit under the Office of the Director General (OPSD-RAU) within the Private Sector Operations Department (PSOD). You will be based at our Headquarters in Manila, Philippines.

You will report to designated International Staff and Officer (as applicable).

Your Role

As an Associate Investment Officer, you will provide analytical support for processing portfolio and new transactions, with emphasis on analytical and technical support for the audit and the development of financial models based on best practice and ADB’s standards and templates. You will also provide analytical support to the area of portfolio management, and valuation of equity investments, or other areas of analytical support following RAU’s mandate.

You will:

a. Financial Modeling and Audit

• Build well-structured and user-friendly custom financial models for different types of corporate and infrastructure projects, for debt and equity investments, following industry best practice and PSOD’s criteria, and incorporating important findings from due diligence and comments from the different counterparties
• Audit, modify and sensitize financial models (including proper documentation of all changes) for different types of corporate and infrastructure projects, which were built by sponsors or origination teams for use in risk assessment
• Participate in selected due diligence, conference calls and missions
• Conduct financial analysis, due diligence, and benchmarking to understand key business drivers of the companies and use findings to develop custom financial models based on validated assumptions
• Conduct walkthrough of the financial models with counterparties

b. Risk Appraisal of New Transactions

• Review and assess the main transaction risks, covering, inter alia, sponsor, commercial and structure risks in the proposed financing
• Provide and recommend to origination teams on appropriate risk mitigation measures, deal structuring, security arrangements and financial covenants throughout the risk appraisal process
• Participate in the drafting risk appraisals for both concept review and final approval stages

c. Others

• • Conduct training programs on best practice in financial modeling, and accounting fundamentals and their integration to financial models
  • Provide support for ad hoc or special projects and assume other forms of assignments within PSOD

You will need:

• • • Bachelor’s degree in Business Administration, Finance, or relevant fields, preferably with advanced training.
    • Qualification such as Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) is an advantage.
    • At least 5 years of relevant professional experience in international bank, accounting firm, or multilateral/bilateral development organization, in financial modeling and forecasting, risk management or investment appraisal.
    • Demonstrated experience in: (i) building financial models for different corporates in various sectors and infrastructure projects, (ii) modifying and auditing complex financial models, and (iii) back-testing of financial models.
    • Mastery in Microsoft Excel with an ability to build granular models and different sensitivity scenarios for debt and equity transactions. Other IT skills such as Power BI or Power Query are an advantage.
    • Solid knowledge of accounting fundamentals (including sector-specific accounting standards) and application of these concepts in building custom financial models.
    • Familiarity with risk rating tools and developments in risk management.
    • Proficiency in report-writing and communications in English.
    • Please refer to the link for ADB Competency Framework for local staff grade TL4.

Benefits

ADB offers a rewarding salary and a comprehensive benefits package. The salary will be based on ADB’s standards and comparator markets, taking into account your qualifications and experience.

• • • Housing and education allowance (if applicable)
    • Retirement plan
    • Medical and health benefits
    • Paid leave (including parental)
    • Life and other insurance plans
    • Staff development

Additional Information

This appointment is open to internal and external applicants.

This is a fixed-term appointment for an initial fixed period of 3 years. At the end of the initial period, this appointment may, at the option of ADB, be extended once for up to 2 years, converted to a regular appointment, or ended on its expiration date. This decision will be made in the overall interest of ADB that: (a) it will require Staff’s particular blend of skills and experience in the foreseeable future; and (b) Staff’s performance is satisfactory and they are suitable for further employment.

About Us

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 69 members, 50 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 our Strategy 2030.

ADB only hires nationals of its 69 members.

To view ADB Organizational Chart, please click here.

ADB wants 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.

Visit ADB Careers FAQ for more information.

Level of Education: Bachelor Degree

Work Hours: 8

Experience in Months: No requirements