Chief Portfolio Management Officer at African Development Bank - AfDB

Position Number: 50065689
Position Grade: PL3

The Complex

• The Vice Presidency for Private Sector, Infrastructure and Industrialization is central to the Bank’s mission of developing the private sector, improving infrastructure and accelerating industrialization.
• The complex main functions are to (i) strengthen the enabling environment for private sector [and financial sector] development conducive to inclusive growth and sustainable development, (ii) support the development of reliable and sustainable infrastructure, including cities and urban development, and (iii) place renewed emphasis on industrial and trade performance in support of structural transformation across Africa.
• The Complex leverages knowledge, co-financing, and partnerships to attract private capital and work with governments on delivering the Bank’s development agenda.

The Department / Division

• The Non-Sovereign Operations and Private Sector Support Department (PINS) is a central support department for non-sovereign (NSO) related activities. PINS mainly aims to support the NSO departments of the Bank to implement effective, coherent and harmonized Private Sector Operations.
• PINS extends support to these entities during the origination and implementation phases and is also responsible for the central management of the Bank’s private sector portfolio.
• PINS2 has primary responsibility for the day-to-day management of all project-related activities after the first disbursement on a project, until the project is closed out of the portfolio.

The Position

• The Chief Portfolio Management Officer position’s primary responsibility is to monitor and supervise projects assigned after first disbursement has been achieved, to ensure compliance with loan agreement and covenants, support development and quality of new transactions through engagement in project teams and engage in consultative meetings with key stakeholders with the aim of driving the Bank’s Private Sector Development strategy and the High 5s operational priorities.
• He or she will provide technical expertise and advisory services for supporting the implementation and monitoring of projects, aimed at maintaining the quality of the financial sector portfolio in the Regional Member Countries.
• The Chief Portfolio Management Officer will promote proactive general portfolio management of financial sector projects in accordance with agreed covenants. S/he will participate in Working Groups at different committee levels to support project preparation and effective board approval.
• The Chief Portfolio Management Officer will assess the financial and operational sustainability of financial sector clients and drive activities to ensure success rate of NSO operations. S/he will promote the Bank’s financial products to external stakeholders.

Key Functions
Under the supervision of the Division Manager, the Chief Portfolio Management officer will perform the following duties:

• Monitor and supervise field and desk supervision of all financial sector investments and when needed arrange for appropriate staffing of missions, including consultants.
• Ensure clients comply with development outcome and additionality requirements as specified within the loan agreement.
• Review quarterly operational and financial reports from clients to assess the financial sustainability of the clients, ensure compliance with covenants, monitor progress in sub-project implementation identifying problems for effective resolution.
• Prepare consolidated reports on the financial sector portfolio for senior management’s information and decision.
• Manage the processing of subsequent disbursement requests in consultation with the relevant Investment Officer, ensuring that disbursement conditions precedents are satisfied and client successfully on lent the previous disbursements to qualifying projects.
• Manage reporting and documentation as per terms of the loan agreement; follow up with clients on delinquent reports and keep an overall summary of reporting compliance for the portfolio.
• Handle, in collaboration with the legal department, all requests for waivers for approval and all other changes in the terms of investment agreements.
• Deal with problem transactions, including handing of restructuring and other instrument, and for processing the internal documents required to obtain Board Approvals.
• Prepare all annual supervision reports and ensure appropriate input from legal, risk management and environmental staff.
• Prepare the documentation for the quarterly departmental portfolio review meetings, schedule these meetings and keep records of discussions and decisions arising out of these meetings for follow up.
• Prepare the quarterly portfolio status report (PSR) for submission to senior management.
• Lead and coordinate the financial sector input in the preparation of the annual portfolio review report for submission to the board.
• Review the documents for board meetings for companies on which AfDB has Board seats; brief AfDB representatives on issues to be discussed and monitor the reporting by representatives of the outcome of the meetings.
• Advise and be a member of the origination and appraisal teams on financial sector transactions with focus on improving the design, preparation and implementation of projects to strengthen the quality of the portfolio at entry.
• Build and maintain strong relationships with existing clients to develop new investment opportunities through monitoring and supervision activities; coordinate the development of client engagement strategies for select existing clients.
• Lead, develop and mentor a diverse team of Portfolio Officers, ensuring that the team is high performing, well-motivated, and has clear deliverables.
• Establishes effective partnerships with internal, external customers, partners, and stakeholders, using a range of communication and facilitation skills.
• Handle other ad hoc assignments as requested by the Management team of PINS.

Competencies (Skills, Experience, and Knowledge)

• A Master's Degree in Business Administration, Finance, Economics or related discipline relevant to the position.
• A minimum of seven (7) years of relevant experience in Africa / emerging markets, with proven record of accomplishment.
• Comprehensive understanding of private sector investment and portfolio management techniques.
• Good knowledge of strategies, policies, procedures and practices of development finance institutions.
• Ability to procure services from consultants and ensure efficiency and quality delivery.
• Ability to effectively plan, direct, organize and administer diverse activities, to ensure effective delivery of work program.
• Proven interpersonal skills demonstrated by the ability to work in a multi-cultural, multi-ethnic environment, with sensitivity and respect for diversity and the ability to build trust and provide leadership to different team members.
• Significant experience with proven success in developing and managing key client relationships.
• Excellent written and verbal communications in English or French, preferably with a working knowledge of the other language.
• Ability to build effective client and other relationships (both internally and externally).
• Competence in the use of Bank standard software (SAP, Word, Excel, Access, PowerPoint).