Posted on :
21 Apr, 2020
21 Apr, 2020
Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten-Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5s) have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.
Job Title: Chief Transaction Support Officer
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 HIRING DEPARTMENT/DIVISION:
The role of the Bank’s NSO and Private Sector Support Department (PINS) is to promote private sector in Regional Members Countries (RMCs), ensuring that it plays a central role in laying the foundations in the development role of the Bank, in line with the Bank’s 10 Year Strategy and HI 5 initiatives.
As part of the Private Sector Support Department, the Strategy and Transaction Support Division is responsible for preparing strategies, policies, guidelines, and analytical tools relevant to the private sector development; it also ensures global client management and undertakes specialized assignments for the Regions, providing ad hoc advice on transaction bankability, structuring, Project Modelling and designs and implements technical assistance for Private Sector operations.
The Chief Transaction Support Officer is responsible for leading the Equity and Structuring Support Team that supports and advises Non-Sovereign Operations towards credit enhancement, transaction bankability, and financial sustainability.
S/he is also responsible for (i) Developing structuring approaches in response to the Bank’s specific commercial and legal requirements, including market requirements of co-financiers where the Bank is acting as Mandated Lead Arranger and (ii) Supporting NSO sectors departments to evaluate equity project proposals, teasers, pitch books and financial models to assess their feasibility and readiness for investment by the Bank.
Duties and responsibilities
Under the supervision of the Division Manager, the Chief Transaction Support Officer will lead the Equity and Structuring Support Team and will perform the following duties:
Closing Date : 08 May, 2020