Lead Syndication / Co-Financing Officer - Private Sector and Microfinance Department

• Grade: PL-2
• Position N°: 0948
• Reference: ADB/12/001
• Publication date: 09/01/2012
• Closing date: 05/02/2012

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Objectives

The Syndication & Co-financing Unit within OPSM.1 is responsible for arranging financing under the Bank’s A/B-loan programme with commercial investors and syndicating facilities to other Development Finance Institutions. The objectives of this include to:

• Establish African Development Bank as the leading arranger of syndicated development co-financing in Africa;
• Mobilise funding from all external investors – commercial banks, DFIs, ECAs, funds, etc. – to leverage the development impact of the deployment of the Bank’s risk capital;
• Integrate syndication and co-financing into OPSM’s operations, so that the mobilisation of external funding becomes the standard business model;
• Support investment officers in identifying co-financing opportunities and promoting the Bank’s distribution services to borrowers / sponsors;
• Assist with the structuring and pricing of proposals by feeding back market intelligence;
• Expand the use of other risk mitigation products.
• Enable the Bank to manage its portfolio through the sale of existing assets.

Duties and responsibilities

Under the supervision of the Division Manager, the incumbent’s duties and responsibilities will include :

• Providing structuring guidance to investment officers and actively participate in presenting proposals and mandate letters to clients, emphasising the benefits of syndication and co-financing;
• Marketing the B-loan product and establishing working relationships with the widest possible group of commercial co-financiers;
• Devising and implementing enhanced co-operation in syndication between DFIs;
• Providing market pricing and risk appetite feedback to OPSM management for their consideration of all private sector facilities;
• Acting as Deputy and OIC in the absence of the unit head;
• Recommending improvements to syndication guidelines and unit procedures;
• Identifying existing assets for potential secondary sale, obtain market feedback on likely cost of sale and, where applicable, seek all necessary approvals (in conjunction with Portfolio Management Division, OPSM.5);
• Support the development of risk mitigation products, including guarantees.

Selection Criteria

Including desirable skills, knowledge and experience

• A minimum of a Master’s degree in Business Administration, Finance, Economics, Management or other relevant fields;
• At least eight (8) years’ banking experience including credit training or relevant skills within the Bank or other relevant institution;
• Wide network of contacts among relevant investors;
• Strong people and communication skills including the ability to construct arguments and influence others;
• Familiarity with market practice, banking law and a wide range of industries and financial products;
• Ability to build working relationships (internal and external);
• Ability to guide and train others while working with minimal day-to-day supervision and under pressure.

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