African Development Bank established to strengthen dialogue between the Bank and the Government is recruiting to fill the below position:
Nigeria Country Office, (NGFO)
Grade:
Local Professional(LP) 4
Supervisor:
Resident Representative, NGFO
Objectives
The African Development Banks Country Office in Abuja, Nigeria (NGFO) has been established to strengthen dialogue between the Bank and the Government, development partners, the private sector, and civil society, in the identification and design of its development policies and programmes, as well as to assist with implementation, monitoring and evaluation of the poverty reduction strategy.
The Office also seeks to assist the operational functions of the African Development Bank (AfDB) Group in the launching and follow up of Bank supported projects and programs in Nigeria. The major functions of the Office fall under the areas of country programming, project administration, promotion of a participatory approach. regional integration, and aid -coordination, in line with the partnership principles and with a view to achieving development effectiveness and sustained impact of Bank Group-supported development operations in Nigeria.
The African Development Bank invites applications from suitably qualified candidates to fill the position of Principal Private Sector Field Officer. This is a local professional category position and does not attract international terms and conditions. Posting will be in the Nigeria Country Office, in Abuja.
ONLY APPLICANTS WHO ALREADY HAVE THE RIGHT TO LIVE AND WORK IN NIGERIA WILL BE CONSIDERED FOR THIS POSITION. AfDB WILL NOT SUPPORT APPLICATIONS FOR WORK PERMITS AND RELOCATION.
Duties and Responsibilities
Under the administrative supervision of the Resident Representative and the technical supervision of the Manager, Portfolio Management Division, within the Private Sector and Microfinance Department (OPSM). the incumbent will assume the following strategic and non- strategic duties and responsibilities:
Policy/ Strategy related responsibilities
Operational responsibilities
Requirements
Application Closing Date
- Support the Bank’s intervention in private sector development, on the basis of its strategy aiming at improving the investment climate, supporting private enterprises, strengthening financial systems. establishing a competitive infrastructure, and promoting trade;
- Contribute to the improvement of the investment climate by supporting actions and initiatives in the area of governance, anti-corruption, public procurement, disengagement of the public sector, legal judicial and land reforms;
- Promote private sector development by developing financial intermediation and deepening the financial sector;
- Identify, process and monitor investments (lines of credit, equity, quasi equity, guarantees and loans);
- Provide technical assistance and advisory services on the development of capital markets and financial sector reforms;
- Play a catalytic role in the mobilization of domestic and external resources to invest in the private sector;
- Contribute to the preparation of Country Strategy Papers, with particular reference to Private Sector Development (PSD) and Private Sector Operations (PS0).
- Advise in the financial intermediation area and support chief investment officers to design, prepare and implement initiatives/programs designed to strengthen and diversify local financial intermediaries, regional and sub-regional DFls, and activities focusing on private institutions;
- Participate in business development missions, to promote and to identify potential projects to be funded; establish links between the Bank and senior management of financial institutions, chambers of commerce, government departments and private companies. Assess the enabling environment and investment opportunities; identify opportunities for privatization in the PMR and assess the needs for technical assistance and advisory services;
- Participate in assessment missions and discussions on economic, financial, legal, commercial and technical information/data necessary to evaluate potential lending transactions; During these missions, lead or participate in the negotiations on the terms with the promoters of the project;
- Prepare assessment reports and proposals for investment to the private sector operations committee and Management for review. These reports encompass all project key parameters, including cost, the financing plan, the financial projections, the environmental aspects and the preliminary loan terms. After Management’s approval, coordinate the preparation of the final document to be submitted to Board approval;
- Process requests for disbursement related to approved loans and equity participation, and ensure that project sponsors comply with their contractual obligations;
- Undertake sustained supervision of on-going private sector projects and prepare relevant reports on progress, compliance with covenants and implementation issues; If issues are forecast or identified prior to or during the implementation, take timely corrective action; if a close supervision of the project is required, ensure supervision visits on the ground or investigations;
- Review quarterly operational and financial reports from clients to monitor progress in project implementation and in operations, and identify problems/issues:
- Prepare all annual supervision reports and ensure appropriate input from Legal, Risk management and Environmental Staff:
- Coordinate the preparation of summaries on issues relating to the private sector for Management, and coordinate contribution from other organizational units within the Bank: Prepare the quarterly portfolio status report for submission of Senior management;
- Coordinate the recruitment of consultants for projects under responsibility, including terms of reference, participate in the selection and recruitment of candidates, supervise and evaluate the work of consultants:
- Attend/participate in seminars/conferences/workshops dealing with private sector development and public-private partnership in the country/region:
- Prepare Bank’s documents for seminars/conferences/workshops on issues relating to the private sector, including the preparation and presentation of reports;
- Liaise at all times with the relevant Division at OPSM to ensure consistency and compliance with OPSM’s strategic objectives and AfDB wide policies.
- A minimum of a Master’s degree in Business, Finance or Economics:
- A minimum of six (6) years of relevant professional experience in a development financial institution and/ or accounting firm, investment or commercial banking, strategic consultancy:
- Client and results oriented individual:
- Strong analytical skills, sense of accuracy and attention to detail:
- Ability to deal with sensitive issues in a multi-cultural environment and to build effective working relations with colleagues:
- A proven track record of working in teams and creating an empowering and self-development oriented work environment;
- Excellent written and verbal communication skills in English, preferably with a working knowledge of French, and Competence in the use of standard Microsoft programs (Word, Excel, Access, PowerPoint) and preferably. including use of SAP and OCS.
26th September, 2012.
Method of Application
Interested candidate should:
Note: Only applicants who fully meet the Bank’s requirements and are being considered for interview will be contacted.
