Vacancy for Principal Investment Officer at African Development Bank Group (AfDB)

Employment Nigeria 28-Oct-2017 AFRICA , Banking and Finance

African Development Bank Group (AfDB) - the premier pan-African development institution, promoting economic growth and social progress across the continent.

POSITION : Principal Investment Officer (Origination)

The 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

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

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.

Responsibilities

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 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;
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/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

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.
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.
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.
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)
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.

Sorry the application deadline for this job has elapsed

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Vacancy for Principal Investment Officer at African Development Bank Group (AfDB)

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