Investment Specialist, Manila

Closing date: Wednesday, 6 May 2015

Reference Number: ADB-HR-15-0294

Department: Private Sector Operations Department

Division: Private Sector Investment Funds & Special Initiatives Div

Location: ADB HQ

Date Posted: Tuesday, 21 April 2015

Closing Date: Wednesday, 6 May 2015 5:00 p.m. (1700 Manila Time, 0800 GMT)

Job Purpose

ADB's investment funds and special initiatives (PSIS) division makes private equity (PE) fund and direct equity investments across a broad range of sectors in Asia. These sectors include (a) infrastructure, (b) climate change related; (c) financial services; and (d) education and health. ADB's PE business also focuses on growth equity and buyout funds that cater to the developing and frontier markets in Asia. As a member of the PSIS team, the investment specialist is expected to source, evaluate and execute commercially-oriented private equity investment opportunities (both fund and direct co-investments originated by investee funds) that support ADB's development objectives for the private sector and overall goal of reducing poverty. Work with broad policies and objectives, working directly with clients, with supervision for critical tasks.

Expected Outcomes

Project Management

• Conduct industry and market research to learn of fund management teams in Asia that align with ADB's PE investment strategy and mandate for the private sector
• Cultivate and maintain relationships with those fund managers in order to position ADB for investment
• Analyze potential fund investment opportunities, including evaluating the fund manager's track record, investment strategy, value-add, and investment team
• Draft and present internal proposals for approval by ADB's Investment Committee and Board
• Negotiate, structure and complete fund documentation
• Support fund raising activities for the fund
• Serve on Advisory Boards of portfolio entities, as required
• Attend annual investor meetings for underlying funds
• Identify and execute co-investment transactions that support ADB's mission, strategies and policies
• Work closely with the portfolio monitoring unit in implementing effective fund monitoring and administration. Ensure compliance with investment strategy, covenants, environmental and social safeguard requirements, and recommend corrective actions as necessary. Actively monitor fund financial performance and actions, including divestitures

Economic, Sector and Thematic Work

• Draft, review and provide comments on project, policy and other papers related to private sector development and operations issues in various themes and sectors

Knowledge Sharing

• Participate in and contribute to relevant internal and external sessions, training and conferences and other activities for advocacy, dissemination and knowledge building
• Maintain and share knowledge of international best market practices and global and regional trends in the targeted sectors

Strategy and Planning

• Work with division team to help achieve ADB's PE fund business goals and objectives
• Participate in country teams and missions for planning and programming purposes with particular focus on private sector development and operations and for the identification of investment opportunities in assigned Developing Member Countries of ADB

Staff supervision

• Take the role of team leader and supervise the work of team members in executing deals
• Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance
• Ensure the on-going learning and development of reporting staff

Education Requirements

• Master's Degree in finance, business administration or equivalent. University degree combined with specialized experience in similar organization/s may be considered in lieu of a Master's degree

Relevant Experience

• At least 8 years of relevant professional experience in investment banking, private equity, or management consulting. Direct investing experience with a private equity fund, fund of funds, institutional investor, sovereign wealth fund, or similar entity, with a focus on equity and quasi-equity investments preferred
• Strong practical experience in structuring, negotiating and monitoring fund investments and direct co-investment transactions, preferably in a fund of funds context
• Strong understanding of and experienced in building financial models for valuations and financial returns analysis
• Highly motivated and strong work ethic
• Proactive self-starter, with proven ability to initiate (including being resourceful in identifying fund managers) and bring deals to completion
• Sound business judgment, problem solving and commercial instincts
• Excellent organizational, multi-tasking and time management skills with demonstrated ability to work efficiently and meet tight deadlines
• Strong interpersonal skills and ability to work effectively with large, culturally diverse teams at all levels
• Excellent oral and written communication skills in English are required, including a demonstrated ability to communicate ideas clearly and confidently with good presentation skills in one-on-one settings or to larger groups (inside and outside of ADB)

Core Competencies

Application of Technical Knowledge and Skills

• Regularly shares knowledge on new international best market practice and global and regional trends in targeted sectors
• Proactively applies relevant international best market practices to own work
• Convinces others to adopt international best market practices by explaining the situational relevance and benefits

Client Orientation

• Helps colleagues work effectively with clients in different contexts and from diverse backgrounds and country situations
• Adapts own approach and style when interacting with clients, as opposed to requiring them to adapt
• Draws upon international best market practice in exploring solutions with clients
• Confirms the clients' understanding and agreement before progressing

Achieving Results and Problem Solving

• Draws on own and others' multi-country experience to identify viable courses of action when conducting analyses
• Helps internal and external clients achieve quality results beyond presenting problems and precedent
• Highlights possible solutions for project issues based on relevant multi-country and/or multi-client experience
• Regularly contributes insights and experiences to colleagues in the Division to help them achieve quality results
• Overcomes unexpected difficulties and challenges to produce desired outcomes

Working Together

• Maintains collaborative relationships within the Department
• Works effectively with diverse colleagues in own and other Divisions and Departments
• Flexibly alters positions and adjusts previously stated points of view to support the group consensus
• Follows through on team priorities in the absence of a team leader

Communication and Knowledge Sharing

• Checks the audience's level of understanding and awareness of required follow up actions
• Consistently seeks and addresses feedback on own performance
• Creates knowledge products endorsed for wider distribution based on lessons and multi-country experience
• Independently amends and clarifies messages and documents

Innovation and Change

• Actively supports work improvement and/or organizational change by work and deed
• Develops and adopts change plans to support Division initiatives on which one works
• Considers current and future client needs in proposing ideas
• Vocalizes early support for change
• Recommends inputs to new policies, systems and processes in immediate work area

Immediate Reporting

• Supervisor: Director
• The following staff positions may be supervised by the incumbent:
  • Administrative Staff
  • National Staff

We encourage diversity in our workplace and support an inclusive work environment. Women are especially encouraged to apply.

Applications for current vacancies are received through the ADB Recruitment Center (ARC), a system that automates ADB's recruitment process. ARC facilitates the submission of applications, and enables applicants to check status of their applications on ADB's website. You will need to create an account before making any submissions.

Apply for this Vacancy

Applications for current vacancies are received through the ADB Recruitment Center (ARC), a system that automates ADB's recruitment process. ARC facilitates the submission of applications, and enables applicants to check status of their applications on ADB's website. You will need to create an account before making any submissions.