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 is a special fixed-term appointment for a period of three (3) years following Section 3.1 (c.) of Administrative Order No. 2.01 (“Recruitment and Appointment’). This appointment is not convertible to a regular appointment. It may be extended on exceptional basis for a further fixed period at the option of ADB if the position continues to be required under the Australian Climate Finance Partnership (ACFP) fund. This position is coterminous with the ACFP fund.
If the successful candidate is an ADB staff member holding a regular appointment, his/her regular appointment will be converted to a special fixed-term appointment. A special fixed-term appointment will automatically and without prior notice expire at the end of the term.
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 Transaction Support Division (PSTS) within the Private Sector Operations Department (PSOD). PSTS is responsible for providing timely and effective business support to line-level PSOD staff and is composed of 3 teams: 1) Development Effectiveness; 2) Integrity Due Diligence and Technical Assistance; and 3) Safeguards. PSOD provides investment capital to private sector entrepreneurs, corporates and project sponsors, as well as financial intermediaries, such as banks, throughout developing Asia. It catalyzes, structures, and funds investments in privately held and 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 Economics Officer will be a member of the Development Effectiveness Team and will provide high-quality support to PSOD deal teams to ensure satisfactory development outcomes of ADB’s private sector operations. The position will contribute to PSODs development effectiveness reporting and communications and provide support to project divisions with the preparation of development effectiveness related documents such as design and monitoring frameworks, impact and outcome statements, economic analysis, evaluations, etc., consistent with ADB policies, strategies, and guidelines. The position will also support the measurement and monitoring of development effectiveness of private sector transactions in accordance with ADB’s development performance management system. The incumbent will report to the designate PSTS international staff and senior national staff.
Economic Evaluation of Projects
- Prepares economic analysis (cost-benefit analysis) for PSOD infrastructure projects supporting the justification of ADB funding, and following ADBs Guidelines for the Economic Analysis of Projects using existing excel cashflow models; and
- Prepares ex-post economic analysis for PSOD’s project completion reports.
Development Effectiveness Support
- Assists project teams in finding suitable indicators; prepares and comments on design and monitoring frameworks (DMF) ensuring quality of indicators for development effectiveness (development impact, outcome and outputs);
- Provides support to PSOD’s project teams in defining suitable indicators to reflect development goals, and suggests suitable labels and classifications like inclusive business, SDGs, subsectors or poverty classifications;
- Prepares development effectiveness monitoring report templates;
- Conducts sector, country or background research.
Development effectiveness data gathering and reporting
- Follows up and aggregates information regarding expected results of newly prepared projects;
- Documents and aggregates data reported by on-going projects;
- Visualizes progress against program targets;
- Contributes to a development effectiveness data tracking system as part of PSOD’s IT system which is currently under development; and
- Consolidates development effectiveness data for PSOD, and supports the preparation of internal PSOD reports on development effectiveness; and
- Supports PSOD’s contributions to ADB’s data management.
- Participates in sector and thematic networks to keep abreast of latest developments and issues of relevance to PSOD
Relevant Experience & Requirements
- Bachelor’s degree preferably with Master’s Degree or equivalent in economics, finance or business administration. University degree in related fields combined with additional relevant professional experience can be considered.
- At least 8 years work experience preferably with relevant professional experience in cost-benefit analysis and/or development impact assessments
- Proficient knowledge of and experience with the preparation of cost benefit analysis.
- Advanced knowledge of MS Excel; Basic financial modelling skills. Know-how of Excel Power BI, PowerApps or Data Bases would be an advantage.
- Excellent skills in data collection and processing, experience in data governance and the use of advanced data processing and visualization tools.
- Good understanding of project preparation and processing and the project cycle for private sector operations projects.
- Knowledge of some sectors and approaches relevant to multilateral development banks (finance sector, energy, climate change, etc).
- Knowledge of development effectiveness concepts, indicators definitions, results frameworks, classifications, and development related labels would be an asset.
- Excellent written and verbal communication skills in English.
- Please refer to the link for ADB Competency Framework for National Staff Levels NS1 to NS2.
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.
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.