Job: Guarantees and Syndications Specialist

Location: Manila, Philippines 
Deadline: Wednesday, 09 October 2013 

Description

Job Purpose:

Promote financing partnerships and cofinancing arrangements by 1) originating, structuring, and executing credit and political risk guarantees for capital market and/or infrastructure transactions for ADB's non-sovereign (i.e., commercial/corporate) and sovereign clients, and 2) reinsuring guarantees issued, and insuring and entering into risk participations on loans made by ADB. Contribute to mobilizing financing and risk sharing capacity from international and local financing partners in the public or private sectors in support of capital market and infrastructure and financial market transactions. Work with other institutions to effectively support loan and guarantee syndications and assist in managing syndicated loans and guarantees. Work with broad policies and objectives, working directly with clients, with supervision for critical tasks.

Expected Outcomes

a. Strategy and Planning

• Support the regional departments (RDs) and PSOD in formulating direct value-added cofinancing strategies for Country Partnership Strategies (CPSs).
• Support the operational departments in identifying opportunities requiring commercial cofinancing.
• Advise on appropriate cofinancing structures for transactions involving low to moderate levels of risks and potential financing partners during transactions design and program formulation.
• Recommend improvements to ADB's cofinancing policies, guidelines and practices.

b. Project Management

• Advise on direct value added cofinancing structures and identify financing partners during transaction design.
• Support teams at the Private Sector Operations Department (PSOD) and the RDs for transactions with cofinancing from commercial sources.
• Identify, structure, execute, and assist in syndicating/distributing cofinancing (including guarantees and syndications) for transactions involving ADB's non-sovereign and sovereign clients in the infrastructure and financial sectors.
• Work with other financing parties to effectively support loan syndications.
• Contribute to advising governments of developing member countries (DMCs) and/or executing agencies on employing credit enhancement structures.
• Support the administration of transactions with guarantees and syndicated loans, including maintaining adequate documentation.

c. Business Development

• Mobilize commercial cofinancing through the application of guarantees and syndication arrangements.
• Contribute to promoting the innovative application of cofinancing and risk sharing structures and arrangements for more effective resource mobilization and market development.
• Work closely with the operational departments in mobilizing external resources for debt financing.
• Participate in building financing partnerships with major commercial lending agencies and investment banks, institutional investors, insurers, reinsurers and the commercial arms of multilateral and bilateral agencies.
• Build awareness of syndication opportunities.

d. Knowledge Management

• Contribute to efforts to increase awareness of ADB's credit enhancement operations among other financing parties and ADB staff.
• Participate in preparing staff instructions on Syndications.
• Contribute to maintaining knowledge of emerging best practices in loan and guarantee syndications.
• Contribute to preparing related in-house seminars and workshops, updates of commercial cofinancing transaction briefs, manuals, brochures and other publications.

e. Staff Supervision

• Provide leadership and support to reporting staff.
• Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
• Ensure the on-going learning and development of reporting staff.

Educational Requirements:

• Master's Degree, or equivalent, in a business or finance related field. University degree in a business or finance related field combined with specialized experience in similar organization/s, may be considered in lieu of a Master's degree.

Relevant Experience And Other Requirements:

• Suitability to undertake the responsibilities mentioned above at the required level
• At least 8 years of relevant professional work experience in project and/or structured finance, including hands-on experience in originating, structuring, executing, and reinsuring guarantees or political risk insurance on project finance transactions for infrastructure and/or financial sector transactions
• Excellent oral and written communications skill in English
• International experience working in development in several countries

Core Competencies:

Application of Technical Knowledge and Skills

• Regularly shares knowledge on new international best practice trends in comparator situations
• Proactively applies relevant international best practices to own work
• Convinces others to adopt international best practice by explaining the situational relevance and benefits

Client Orientation

• Helps colleagues work effectively with clients in different contexts and from diverse backgrounds and country situations
• Adapts own approach and style when interacting with clients, as opposed to requiring them to adapt
• Draws upon international best practice in exploring solutions with clients
• Confirms the clients' understanding and agreement before progressing

Achieving Results and Problem Solving

• Draws on own and others' multi-country experience to identify viable courses of action when conducting analyses
• Helps internal and external clients achieve quality results beyond presenting problems and precedent
• Highlights possible solutions for project issues based on relevant multi-country and/or multi-client experience
• Regularly contributes insights and experiences to colleagues in the Division to help them achieve quality results
• Overcomes unexpected difficulties and challenges to produce desired outcomes

Working Together

• Maintains collaborative relationships within the Department
• Works effectively with diverse colleagues in own and other Divisions and Departments
• Flexibly alters positions and adjusts previously stated points of view to support the group consensus
• Follows through on team priorities in the absence of a team leader

Communication and Knowledge Sharing

• Checks the audience's level of understanding and awareness of required follow up actions
• Consistently seeks and addresses feedback on own performance
• Creates knowledge products endorsed for wider distribution based on lessons and multi-country experience
• Independently amends and clarifies messages and documents

Innovation and Change

• Actively supports work improvement and/or organizational change by work and deed
• Develops and adopts change plans to support Division initiatives on which one works
• Considers current and future client needs in proposing ideas
• Vocalizes early support for change
• Recommends inputs to new policies, systems and processes in immediate work area

• Includes the core benefits and reasons for change when developing comprehensive change roll out plans
• Influences and persuades decision makers by presenting business cases supporting the proposed changes

Immediate Reporting Relationships / Other Information:

• Supervisor: Director
• The following staff positions may be supervised by the incumbent:
• Administrative Staff
• National Staff

More Info and Application