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.
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 Energy Division (CWEN) within the Central and West Asia Department (CWRD). CWRD is responsible for maintaining client relations and delivering ADB assistance to countries in the Central and West Asia region. CWEN provides loans, grants, and technical assistance projects for energy infrastructure development and sector reform in the Central and West Asia region. CWEN also develops strategic regional plans for energy and trade facilitation infrastructure and policy directions.
To view ADB Organizational Chart, please click here.
The Finance Specialist (Energy) identifies, develops, implements and administers loans, grants and technical assistance (TA) projects, and non-lending products and services (NLPS) in the energy sector, particularly focusing on the financial and economic aspects of such products and services. Contribute in developing operational strategies and programs in the energy sector in the Developing Member Countries (DMCs) of the CWRD. Work within a framework of broad policies, principles and goals, working directly with clients, with supervision for critical tasks. The incumbent will report to Director, CWEN and will supervise administrative staff and national staff as may be assigned.
• Provide information and analyses towards the development of strategies for the energy sector in DMCs in consultation with relevant government agencies and Resident Missions (RMs), by identifying opportunities for ADB support in the energy sector in the region and integrating ADB’s policies and guidelines in the design and implementation of energy sector projects.
• Participate in country programming activities and ADB’s subregional activities regarding the energy sector and ensure that operational strategies and programs for the sector are adequately reflected in the resulting country/regional programming documents.
• Contribute information and analyses by conducting detailed financial review of the sustainability of the energy sector agencies and recommend suitable financial restructuring and reform strategies.
• Participates in developing projects, TAs, sector works in the energy sector and undertake activities for the administration of sector and program loan and TA projects.
• Participates in processing loans and TAs in areas requiring policy, institutional and operational reforms, cross-border infrastructure projects, and risks analysis.
• Review and analyze past financial and current performance of EAs and evaluate their management accounting and financial control policies, practices, systems, and procedures.
• Evaluate the financial viability of projects proposed for ADB financing and assess the impact of the projects on the EA’s future financial performance including risk analysis, cost recovery, tariff, and affordability issues.
• Recommend appropriate loan covenants and action plans for the management and financial strengthening of the EAs.
• Monitor the financial performance of the project and EAs through analysis of the project accounts, financial statements, and audit reports during project implementation.
• Propose appropriate and innovative financing instruments, mobilize cofinancing resources and promote public private partnership for large energy sector projects.
• Participate in and contribute to internal and external training and conferences on the energy sector and other activities for advocacy, dissemination and knowledge building.
• Lead work on energy sector reforms especially on financial recovery plans for state-owned-enterprises in DMCs and their financial reporting and financial management • Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance and ensure the on-going learning and development of reporting staff.
Relevant Experience & Requirements
• Master’s degree in Engineering, Finance, Economics, Business Administration, Social Sciences or relevant fields preferably with specialization in the energy sector. In lieu of such energy sector specialization, extensive energy sector work experience with exposure to commercial and/or public finance projects may be considered.
• Suitability to undertake the responsibilities mentioned above at the required level
• Minimum of 8 years of relevant professional experience in the energy sector preferably in areas of commercial and/or public finance projects. Strong project administration skills and/or field experiences would be an advantage.
• Good understanding of energy sector issues, both technical and operational.
• Strong analytical, interpersonal and cross-cultural skills to liaise effectively with DMC government officials, staff and management of executing agencies, representatives of civil societies, and other agencies concerned.
• Procurement Accreditation Skills Scheme (PASS) accreditation preferred (nonaccredited applicants may be considered though will be required to complete accreditation within one year of appointment).
• Excellent written and verbal communication skills in English is required
• International experience working in several countries
• Please refer to the link for ADB Competency Framework for International Staff Level 4.
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.