Deadline: 12 June, 2020
Location: Abidjan, Ivory Coast
African Development Bank (AfDB) is currently seeking applications from eligible applicants for the post of Division Manager (Syndications and Co-Financing).
AfDB’s mission is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.
The Division Manager (Syndications and Co-Financing) will work under the oversight of the Department’s Director.
Responsibilities
- Establish AfDB as the leading arranger of syndicated development co-financing in Africa
- Mobilise funding from all external investors – commercial banks, Development Finance Institutions, Export Credit Agencies, Pension Funds, etc – to leverage the development impact of deployment of the Bank’s risk capital
- Mobilise resources from the many development partners and other related agencies with whom AfDB has ongoing relationships or with whom otherwise Memorandums of Understanding have been signed
- Integrate syndication and co-financing into operations, so that the mobilisation of external funding becomes the standard business model
- Support investment officers and task managers in identifying co-financing opportunities and promoting the unit’s products to borrowers/sponsors
- Assist with the structuring and pricing of proposals by feeding back market intelligence
- Enable the Bank to manage its existing portfolio of assets through secondary sales/securitisations and any other balance sheet optimisation mechanism
- Manage the resources of the division to maximise its effectiveness in supporting investment officers and task managers, marketing investors and executing transactions
- Provide structuring guidance to investment officers and actively participate in presenting proposals and mandate letters to clients, emphasising the benefits of syndication and co-financing
- Establish working relationships with the widest possible group of commercial co-financiers
- Execute A/B-loan co-financings and Development Financial Institutions’ syndications, sharing responsibilities where appropriate with co-arrangers
- Conduct market soundings, pricing and provide risk appetite feedback to senior management for their consideration
- Review syndication guidelines and make recommendations for amendments and improvements
- Develop internal operational processes and procedures for the division
- Develop training, communication and marketing material and conduct staff and co-financiers information campaign
- Act as deputy and officer-in-charge in the absence of the departmental Director
- Identify existing assets for potential secondary sale, obtain market feedback on likely cost of sale and, where applicable, seek all necessary approvals
- Work with, inter alia, operations (both public and private)/financial control/financial treasury, financial management, legal and other departments within the Bank to establish capacity to act as agent for all B-loans, Development Financial Institutions’ syndications and other co-financings
Requirements
- Minimum of a master’s degree or equivalent in Finance, Economics, Business Administration or related disciplines
- Eight years, minimum, of experience acquired in a reputable financial institution, five of which should be in a supervisory capacity
- A track record of direct responsibility for at least five successfully executed syndication deals is required
- Private sector experience will be an added advantage
- Ability to propose innovative and creative approaches to activities in order to enhance performance and create added benefits to the Bank and its clients
- Ability to communicate clearly and concisely and work with others to maximise team effectiveness and develop strong working relationships within and outside of the organisation
- Ability to apply business knowledge to the resolution of problems and identify solutions to the benefit of the clients (internal and external) and the organisation
- Demonstrable knowledge and application of the systems, procedures and culture within the organisation in order to deliver the required results
- Working knowledge of a range of financing alternatives and financial instruments and ability to conduct a range of financial analysis and understanding of project financing process
- Strong analytical, quantitative and financial market skills
- Ability to plan strategically in an uncertain environment and achieve desired results timely
- Good negotiating skills
- Ability to lead, guide, develop, mentor and motivate staff members to achieve optimum performance in their roles
- Ability to communicate effectively (written and oral) in English or French with a good working knowledge of the other language
- Proficiency in the use of standard MS Office software applications, particularly Word, PowerPoint, Excel and SAP
To apply and for more information, click here.
Photo source: AfDB
