Associate Project Analyst

Reference Number:190547
Position Level :AS 6
Department :Private Sector Operations Department
Division :Risk Analytics Unit
Location :Asian Development Bank Headquarters
Date Posted :Wednesday, September 4, 2019
Closing Date : Wednesday, September 18, 2019 11:59 p.m. (2359 Manila Time, 0800 GMT)

Important Information

Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.

1 Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle

Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).

Overview

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.

ADB only hires nationals of its 68 members.

The position is assigned in the Risk Analytics Unit (RAU) within the Office of the Director General (OPSD) of the Private Sector Operations Department (PSOD). OPSD-RAU provides first line of defense support for risk appraisal of new and portfolio private sector operations of ADB, especially risk identification, due diligence support, financial statement and financial model review, and drafting of risk appraisals. PSOD provides financing and investment support to private projects, corporates, financial institutions and private equity funds throughout developing Asia and the Pacific. It advises, helps structure and provides and catalyzes financing for privately held and state-sponsored entities across a wide range of sectors. Its emphasis is on commercially viable transactions that generate financial returns while also delivering on ADB's organization-wide mission to promote environmentally sustainable and inclusive economic growth. To learn more about PSOD, watch the video on “Working with ADB on Private Sector Financing”.

To view ADB Organizational Chart, please click here.

Job Purpose

The Associate Project Analyst assists in performing financial statement processing and financial analysis for credit reviews, and risk assessments of ADB's nonsovereign loans (debt), investment (equity), and guarantees, including new proposals, quarterly and annual monitoring of existing counterparties, and other ad hoc requests for facility revisions. The work also includes risk ratings benchmarking and peer group analyses. Areas of investigation include credit, market, reputational and any other risks associated with the proposed transactions. Emphasis of the work will be in financial institutions.

The position will report to Advisor, OPSD and Head, RAU and/or designated International Staff and senior National Staff

Responsibilities

Works on all or a combination of the following tasks and/or clearly defined areas under the supervision and guidance from supervisors:

  1. Origination and Portfolio Management

  • Reviews audited financial statements of investee and borrower companies and inputs financial statements into templates/spreadsheets in the credit risk management system.
  • Ensures accuracy and correctness of financial spreads inputted to the risk rating tools.

  • Identifies and highlights key trends or outstanding issues in company financials.

  • Performs other financial analysis as required, such as credit analysis, risk assessment, financial, modeling, industry analysis, or other tasks.

  • Builds and updates datasets on financial performance and trends of group of counterparties to support portfolio reviews and risk benchmarking.

  • Performs quality control of financial statement spreads processed by consultants.

  • Performs a first-look assessment of the quality and financial risk profile of counterparties.

  • Participates in the drafting of risk appraisal reports.

    Performs independent review, desk research, and market checking on counterparties under review and interacts with Deal Team members to discuss points of credit analysis and obtains inputs on policy and portfolio aspects, as required.

b. Others

  • Conducts research and gathers relevant data from external sources, assists National Staff performing credit risk assessment and review, as required.
  • Provides support to other divisions and units in PSOD as and when needed for special projects and tasks.

  • Performs any other duties as may be required, such as retrieving files/documents for preparation of reports, preparing tables and charts for reports, etc.

  • Stays abreast of changes in accounting rules and standards.

Qualifications

RelevantExperience & Requirements

  • Bachelor's degree in accounting, economics, or finance, preferably from a well-recognized university. A Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or MBA qualification would be an advantage;
  • At least 5 years of experience in major commercial banks, investment banks, rating agencies or similar financial institutions, or accounting firms.

  • Fluency in thefinancial statement analysis of companies across a range of sectors.

  • Proven ability to undertake background research, analytical and evaluative work on difficult but well-defined tasks, collect and organize data and information, apply computer skills in analyzing and developing data, and prepare notes, papers and reports.
  • Good familiarity with risk rating tools, loan pricing instruments, and developments in the area of risk management. Knowledge of trade finance or microfinance is a plus.

  • Good computer skills with sound knowledge of common word-processing, spreadsheets, power point, graphics software used within ADB, financial modeling and macro. Strong command of database applications, Visual Basic, and web design software preferred.

  • Effective report-writing and communication skills in English.

  • Please refer to the link for ADB Competency Framework for Administrative Staff Levels 6-7.

General Considerations

ADB offers competitive remuneration and a comprehensive benefitspackage. Actual appointment salary will be basedon ADB's standards and computation, taking into account the selected individual'squalifications and experience.

ADB seeks to ensure thateveryone is treated with respect and given equal opportunities to work in aninclusive environment. ADB encourages all qualified candidates to applyregardless of their racial, ethnic, religious and cultural background, gender,sexual orientation or disabilities. Women are highly encouraged to apply.

Deadline/closing date: 
Wednesday, September 18, 2019