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.
1Close 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).
In the event that the staff appointed to a new category (i.e. from AS to NS, or from NS to IS) is rated at 2 or lower in the first two performance reviews after appointment at the new level, they will return to the level occupied immediately prior to their appointment in the new category.
This position is for outposting to Indonesia Resident Mission (IRM) and is open to internal and external applicants. If the successful candidate is an external candidate, he/she may initially be based in HQ prior to be outposted. If the successful candidate is an internal candidate, the outposting will be immediate.
his vacancy is a local staff position. It is open only to nationals and residents of Indonesia.
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, which is outposted to the Indonesia Resident Mission (IRM), is assigned in the Social Sectors Team (SST) under the Office of the Director General (OPSD) of the Private Sector Operations Department (PSOD). SST supports projects and companies primarily in the health and education sectors by providing assistance in the form of debt and direct equity investments. PSOD provides investment capital to private sector entrepreneurs, corporates and project sponsors, as well as financial intermediaries, such as banks, throughout developing Asia and the Pacific. It catalyzes, structures, and funds investments in privately held and publicly listed companies including state-sponsored companies across a wide range of industry 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 this video.
To view ADB Organizational Chart, please click here.
The Associate Investment Officer will provide technical support and coordination in the processing of ADB’s private sector investments (up to financial closing) with a specific focus on the health and education sectors. The incumbent will report to the designated OPSD International Staff on substantive technical, policy-related and operational aspects. For administrative matters, Country Director, IRM is to be additionally consulted.
• Assists and participates in the identification, development and processing of financing opportunities in the health and education sectors, undertaking the needed business development, due diligence, risk analysis and mitigation work towards the structuring and negotiation of loans, equity investment, guarantees or other forms of financial assistance;
• Contributes in the areas of credit and financial due diligence by helping develop financial models and in general assessing the risk and credit profile of proposed investments;
• Reviews and analyzes financial statements and financial projections, performing sensitivity analysis and stress testing and making necessary recommendations;
• Participates in due diligence missions and provides technical support and recommendations to project team leaders;
• Undertakes relevant industry and country research as a part of transaction risk assessment and provides recommendations to the project team leader;
• Prepares internal Investment Committee and Board memoranda, summaries of project documents, risk assessment analyses and other required documents throughout the project processing cycle;
• Engages with the Office of Risk Management and the Safeguards Specialists to address credit-related and environment and social safeguards-related issues;
• Prepares presentation materials; and
• Maintains comprehensive credit files related to transactions under processing.
Strategy and Planning
• Contributes to the development of policy and strategies for ADB’s developmental goals for the private sector in consultation with relevant stakeholders and assists in developing a pipeline of private sector projects in the health and education sectors.
• Performs other duties/functions that may be assigned as reflected in the incumbent’s workplan.
Relevant Experience & Requirements
• Bachelor’s degree in economics, finance, business administration or a field related to development, preferably with advanced training;
• At least 6 years of relevant experience in corporate finance, investment banking or private equity, preferably working on transactions in the health and/or education sectors.
• Proven ability to undertake research and analysis on difficult but well-defined tasks, collect and organize required data and information, apply appropriate IT skills in organizing and analyzing the data; and prepare notes, papers and sections of reports.
• Good analytical thinking with ability to comprehend causal links, make pros and cons analysis, and analyze factors to reach a decision.
• Effective report-writing and communication skills in English
• Able to guide Administrative Staff (AS) to facilitate work planning, delivery and quality review
• Able to work collaboratively with teams as a constructive team member.
• Strong oral and written communications skills
• Please refer to the link for ADB Competency Framework for National Staff Levels 1-2.
The selected candidate, if new to ADB, is appointed for an initial term of 3 years.
ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB’s standards and computation, taking into account the selected individual’s qualifications and experience.
The position is a local staff position with local remuneration package. It is open to persons who are both nationals and residents of Indonesia.
ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.
Please note that the actual level and salary will be based on qualifications of the selected candidate.