Principal Investment Specialist

The Principal Investment Specialist leads direct equity investments within the Equity Investments Unit of the Private Sector Operations Department at ADB headquarters in Manila. The role involves origination, processing, portfolio management, strategic planning, and staff supervision to support sustainable development and private sector growth in Asia-Pacific.

Responsibilities

• Contribute to the development and implementation of the PSOD equity operational framework and business plan.
• Lead the origination of new investment opportunities and provide structuring advice for all direct equity investments.
• Market ADB's direct equity business to intermediaries and companies to build a pipeline of attractive investment opportunities.
• Advise and establish best practice approaches for structuring, valuations, pre-IPO pricing, and bidding strategies.
• Lead primary account and relationship responsibilities for assigned key accounts.
• Review or approve covenant compliance reports, waivers and amendments, annual reviews, ratings, valuation reports, exit proposals and other documents in connection with primary or secondary account relationships.
• Lead and oversee the monitoring of the financial health and development impact of the portfolio.
• Monitor periodic review and progress reporting of project implementation, compliance with financial covenants, and Environmental and Social safeguards standards.
• Monitor payments of fees, loan servicing, receipt of income/dividends from equity investment and equity divestment.
• Monitor financial analysis tools, risk evaluation and review, and measures to mitigate identified risks.
• Monitor PSOD's portfolio composition, size, quality, concentration risk, diversification, credit quality migration, valuation movements, and other criteria.
• Ensure quality and consistency of reports and communications related to portfolio management.
• Compare exit alternatives and implement approved exit options including sell down, hedging, and other exit management measures.
• Assess the impact of prospective new financings on existing portfolios.
• Lead the quality of project records management systems.
• Identify emerging risks and project implementation problems and identify action plans to mitigate such risks and in restructuring or workout activities.
• Prepare and monitor annual portfolio management plans.
• Lead the development of a sound portfolio management strategy.
• Design tools, instruments and models to optimize PSOD's portfolio or a specific component of the portfolio and implement its optimization strategy.
• Lead and participate in new initiatives and change projects.
• Lead the coordination and expansion of programs introducing international best practices at investee companies regarding corporate governance, credit procedures, risk management, internal controls.
• Measure expected development, environmental and social safeguard outcomes in existing and proposed interventions.
• Lead the portfolio review, credit review, and extended annual review reports (XARRs) of the portfolio.
• Lead and facilitate active relationships with financial intermediaries, institutional investors, and other commercial partners.
• Maintain and share knowledge of emerging best practices in project/corporate financing, private equity, corporate social responsibility, and overall investment management.
• Analyze market and investment trends.
• Supervise the performance of team members providing clear direction and regular monitoring and feedback.
• Provide coaching and mentoring to individuals and ensure their ongoing learning and development.

Requirements

• Master's degree or equivalent, in business administration, finance, or related fields; or University degree in business administration, finance, or related fields; or University degree and at least 5 years specialized experience relevant to the position can be considered.
• At least 12 years of combined professional financial and emerging markets experience in the private sector with remarkable work in project processing, administration of private sector projects covering capital markets, financial institutions, corporate finance, project finance, privatization, financial structuring etc.
• International experience working in several countries.
• Knowledge and understanding of how to conduct advanced credit and valuation analysis in respect of one or all of project & corporate finance transactions, financial institutions and private equity funds, in addition to a deep understanding of debt and equity markets and products is essential.
• Strong risk management expertise, including rating methodologies, risk categories (market risk, credit risk, operational risk), etc.
• Extensive knowledge and understanding of loan, investment and credit products, including underwriting, pricing, servicing, accounting, exiting, etc. and with particular experience in developing markets.
• Ability to lead negotiations with investee companies, borrowers, fund managers, existing and prospective shareholders, sponsors, co-lenders and co-investors.
• Experience in dealing with distressed assets is an advantage.
• Strong analytical and structuring capabilities.
• Proven leadership qualities and interpersonal skills.
• Supervisory and team management skills are essential, along with the ability to drive a high-performance culture and lead by example.
• Experience managing a team with diverse interdisciplinary skills.
• Willingness to travel extensively to developing member countries.
• Excellent oral and written communication skills in English, in particular strong ability in business writing.

Skills

• Project Financing
• Corporate Finance
• Capital Markets
• Financial Institutions Sector
• Private Equity
• Credit Analysis
• Valuation Analysis
• Debt Markets
• Equity Markets
• Risk Management
• Rating Methodologies
• Market Risk
• Credit Risk Analysis
• Operational Business Risk
• Loan Underwriting
• Investment Products
• Credit Products
• Financial Structuring
• Negotiation
• Distressed Assets
• Analytical Skills
• Team Management
• Leadership
• Business Writing

Languages

English