About AfDB: Established in 1964, the African Development Bank (AfDB) is the leading pan-African development institution, dedicated to fostering economic growth and social advancement across the continent. With 80 member states, including 54 in Africa (Regional Member Countries), AfDB’s mission is to provide financial and technical support for transformative projects aimed at significantly reducing poverty through sustainable economic growth.
Position Overview:
We are seeking a highly qualified Chief Investment Officer (SNOU) for an exciting opportunity at AfDB. Based in Abidjan, Côte d’Ivoire, this role offers a position grade of PL3 within the Senior Vice-Presidency (SNVP). The SNVP plays a pivotal role in managing the Bank Group and driving a performance-oriented culture to achieve strategic objectives.
Role And Responsibilities:
As the Chief Investment Officer, you will lead the Specialized Finance Unit (SNOU) responsible for resolving distressed and underperforming corporate/project finance loans and equity exposures. Your key responsibilities include:
- Monitoring the financial and operational performance of impaired projects and devising recovery solutions.
- Preparing regular reports on project resolution activities.
- Identifying lessons learned and sharing workout experiences to enhance the quality of investments.
- Analyzing financial forecasts, cash flow, and debt capacity for borrowers.
- Leading internal teams for business reviews and interacting with various stakeholders.
- Preparing action plans and resolution options for non-performing investments.
- Handling ad-hoc projects to add value to the Bank.
Qualifications And Competencies: To excel In This Role, You Should Have:
- A Master’s Degree in Economics, Business Administration, Finance, or related field.
- Professional qualifications in Accounting, Legal, or Banking (an advantage).
- A minimum of seven (7) years of progressive experience.
- Demonstrable experience in banking, financial institutions, or consulting firms advising on workouts, restructurings, and non-performing investments.
- Diverse experience in international investments and recovery.
- Strong analytical and modeling abilities.
- Excellent communication skills in English or French (knowledge of both is beneficial).
- Competence in standard software applications (Word, Excel, Access, PowerPoint).
Application Deadline: Don’t miss this opportunity to join AfDB’s dynamic team. The application closing date is October 25, 2023.
