The African Development Bank (AfDB) is seeking to fill the role of Chief Equity Management Officer.

Established in 1964, the AfDB is the premier pan-African development institution, promoting economic growth and social progress across the continent.

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

• Lead and coordinate the ongoing supervision activities of all Private Equity Funds investments
• Coordinate and oversee the advisory committees and Annual General Meetings (AGMs) of Private Equity Funds
• Oversee the activities of the direct equity investments
• Review all annual supervision reports and project status reports prepared by portfolio management officers of Private Equity Funds
• Lead, guide, and ensure harmonisation in the processing of all requests for waivers and other changes in the terms of investment agreements
• Lead and guide portfolio management officers with problem investments, including handling of rescheduling, restructuring, and other instruments, and processing the internal documents required to obtain approvals in line with delegation of authority matrix, including board approval
• Oversee, ensure compliance, and clear the processing of disbursement requests and distribution notices related to equity investments
• Coordinate and ensure the review of all quarterly reports by portfolio officers and share with portfolio officers the matters which can apply to other investments
• Assist as expert lead in the preparation of the semi-annual equity portfolio report and annual portfolio review report for submission to the senior management and the boards
• Through the oversight of the quarterly valuation review, coordinate with portfolio management officers and work with risk management and accounting officers on maintaining accurate risk rating of the individual investees and coherent financial data
• Contribute to reviews of policies, practices, and procedures, as necessary, to identify and scope areas for improvement
• Lead and oversee the sharing of lessons learnt and ensure assigned portfolio management officers provide input at entry of new investments
• Guide portfolio officers to ensure quality at entry
• Ensure that the transfer process of investments from origination sector teams to portfolio management team is performed in line with process
• Oversee quality of data in the equity portfolio management software, eFront, including the accurately detailing of the capital calls and distribution
• Establish effective partnerships with internal and external customers, partners, and stakeholders, using a range of communication and facilitation skills
• Handle other ad hoc assignments as requested by the management team of PINS

Requirements

• Master’s degree in Business Administration, Finance, Accounting, Law, Economics or a related field
• Seven years, minimum, of relevant professional experience in the bank or a similar institution and/or in strategic consultancy
• Experience and understanding of direct equity investment
• Good Knowledge of equity valuation methods
• Proven ability to acquire new skills (particularly in legal, investment, risk capital, technology, and innovative sectors)
• Capacity to adapt to the rapidly evolving needs of the bank’s non-sovereign operations ecosystem
• Knowledge of international economic development issues will be an asset
• Sense of initiative and innovation in proposing solutions to internal and external clients and partners’ needs
• Ability to respond swiftly to new situations and to anticipate eventual challenges and roadblocks
• Ability to communicate effectively (written and oral) in English or French
• Strong interpersonal skills and ability to communicate at all levels
• Competence in the use of bank standard software (Word, Excel, Access, PowerPoint)
• Knowledge of SAP and eFront (desirable)

To apply and for more information, click here.

Photo source: Rwanda Government