Job for Chief Energy Investment Officer – ONEC2 at AfDB

African
Development Bank (AfDB) established to strengthen dialogue
between the Bank and the Government, is recruiting to fill the below
position:

Job Title: Chief Energy Investment Officer – ONEC2

Reference: ADB/16/018
Location: Nigeria
Grade: PL-3
Position N°: 50083758

Objectives

  • The Energy, Environment and Climate Change Department (ONEC) is
    in charge of managing the Bank Group energy operations in Regional
    Member Countries (RMCs).
  • It helps address climate change and environmental issues by
    incorporating them into Bank Group supported operations and giving them
    the visibility required.
  • ONEC Department includes two energy divisions and a third
    division which is responsible for climate change and environment issues.
  • The main objective of the Eastern and Southern Africa Energy
    Division (ONEC.2) is to build on the Bank’s sector skills and strengthen
    its capacity to become the leader in strategy, development, financing
    and implementation of energy projects and programs in Eastern and
    Southern Africa.

Duties and Responsibilities
The Chief Energy Investment Officer will work under the general
supervision and guidance of the Manager, Eastern and Southern Africa
Energy Sector. His/her core duties/responsibilities will include the
following:

  • Plan and lead identification, appraisal and negotiation
    missions. This includes coordinating the work of the mission team which
    usually includes professional staff from other departments within the
    Bank; carrying out independent research on the investment climate,
    project sponsors, management, economic, financial, marketing, technical,
    environmental and legal aspects of the project.
  • Contribute to the development of strategic plans and programmes;
    participate in Country Strategy Papers (CSPs) preparation missions for
    allocated countries; contribute to and participate in the preparation of
    policy papers on private sector operations and issues.
  • Build up Bank’s interdepartmental collaboration on Energy
    private sector operations, and partnerships with other institutions
    involved in private infrastructure and Private Public Partnership (PPP)
    sector development (exchange of information on projects, policies,
    operational experience etc., identification of co-financing
    opportunities, organization of joint promotional activities etc. );
  • Perform other ad hoc assignments relating energy PPPs assigned
    by management, including the preparation of briefs, speeches and papers.
  • The work also includes assessing the risks of projects and
    advising sponsors on appropriate mitigating measures; structuring of
    projects to minimize financial risks; participating in negotiations, or
    conducting preliminary negotiations with sponsors on financing terms and
    legal conditions for the proposed investment/loan by the Bank.
  • Be responsible for designing partial-risk guarantees and
    partial-credit guarantees and structuring and assessing all facets of
    risks in the sector in the region.
  • Provide a variety of technical expertise, including structuring
    AfDB guarantees, preparing market assessments, developing creative
    financing solutions, conducting risk assessments, and producing and/or
    presenting to senior members within and outside the Bank.
  • Lead in the origination, structuring, and assessment of the
    credit risk of project guarantees in collaboration with other technical
    operating units.
  • Identify guarantee opportunities in the region.
  • Prepare or co-ordinate the preparation of Project Concept Notes
    and Project Appraisal Reports for presentation to peer reviewers,
    Country Teams, Operations Committee (OpsCom) and finally to the Board of
    Directors.
  • The work involves overseeing the production of financial models
    for carrying out financial and economic analyses of the project;
    developing recommendations and justifications for the investments and
    defending these at the various management committees and Board of
    Directors.
  • Prepare or oversee preliminary evaluation of project proposals
    to assess their feasibility for financial assistance and/or technical
    support by the Bank.
  • This involves the screening of project applications, carrying
    out of desk reviews and evaluation of feasibility studies, preparing
    preliminary evaluation notes (PENs) for presentation to Private Sector
    Operations Departmental Management Team (PSO DMT) to obtain concept
    clearance approval for launching preparation missions.
  • Process or oversee the disbursement of approved projects on timely basis ensuring that all conditions precedent were fulfilled.
  • Lead supervision of portfolio projects, including review of
    progress reports, preparing project supervision reports for management
    review and recommending appropriate measures to deal with problem
    projects.

Selection Criteria
Including desirable skills, knowledge and experience

  • Good listener with demonstrated ability to present and win support for ideas as well as make effective and timely decisions;
  • Capacity to initiate and manage innovations and change.
  • Competence in the use of Bank standard software applications (Word, Excel, PowerPoint, Access, MS Projects);
  • The incumbent should also have competence in (or
    ability/willingness to become quickly familiar with) the use of various
    tools available and applied by the Bank such as SAP.
  • Excellent written and verbal communications in English and/or French. A good working knowledge of the other language is a must
  • A minimum of a Master’s degree in Engineering, Economics, Finance, Business or other related field.
  • A minimum of seven (7) years of relevant professional experience
    in PPP project origination and sector analysis; with a full
    understanding of the principles of project cycle and project
    implementation;
  • Proven ability to interact competently with the staff of
    government and donor agencies on issues relating to aid coordination, as
    well as with the private sector;
  • Proven ability to build and lead a team of professional staff,
    and utilize talent and expertise of team members in a productive way;

How to Apply

Click here to apply online

Deadline:17th February, 2016.


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