Division Manager - Syndications and Co-Financing, FIST1 Job

Division Manager - Syndications and Co-Financing, FIST1 Job

The African Development Bank updated its AfDB Career Portal on 13th May 2020 in which it has sought applications from eligible candidates to fill the post of Division Manager - Syndications and Co-Financing, FIST1.

The last date to apply is 12th June 2020 so submit your application with the correct candidate claim. Continue reading for more information.

The Role

Under the oversight of the Department’s Director, the Division Manager has the overall responsibility to:

Establish the African Development Bank as the leading arranger of syndicated development co-financing in Africa;

Mobilize 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 Banks’ risk capital;

Mobilize resources from the many development partners and other related agencies with whom the African Development Bank has ongoing relationships or with whom otherwise Memorandums of Understanding have been signed;

Integrate syndication and co-financing into operations, so that the mobilization 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/securitizations and any other balance sheet optimization mechanism.

Duties and responsibilities

The Division Manager-Syndications and Co-financing will ;

Manage the resources of the division to maximize 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, emphasizing the benefits of syndication and 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;

Selection Criteria

Hold at least of a Master’s degree or equivalent in Finance, Economics or Business Administration or related disciplines

Minimum experience of eight (8) years acquired in a reputable financial institution and at least 5 which should be in a supervisory capacity. A track record of direct responsibility for at least 5 successfully executed syndications deals is required;

Private sector experience will be an added advantage;

The 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 apply business knowledge to the resolution of problems and identifies solutions to the benefit of the client (internal and external) and the Organization  

Demonstrable knowledge and application of the systems, procedures, and culture within the Organization in order to deliver the required results.
Working knowledge of a range of financing alternatives and financial instruments and the ability to conduct a range of financial analysis and understanding of the project financing process.

Other details

Grade: PL2
Position N°: 50092453
Reference: ADB/20/060
Duty station: Abidjan, Côte d'Ivoire

How to apply

If you are the right person for this role then click here to apply or click here to know about other vacancies of AfDB Bank.

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