African Development Bank Group Division Manager - Syndications and Co-Financing Jobs in Nigeria

African Development Bank Group Division Manager - Syndications and Co-Financing Jobs in Nigeria

The Position

Under the oversight of the Department’s Director, the Division Manager has the overall responsibility to:

  • Establish the African Development Bank as the leading arranger of syndicated development co-financing in Africa;

  • Mobilize funding from all external investors – commercial banks, Development Finance Institutions, Export Credit Agencies, Pension Funds, etc. – to leverage the development impact of deployment of the Banks’s risk capital;

  • Mobilize resources from the many development partners and other related agencies with whom the African Development Bank has ongoing relationships or with whom otherwise Memorandums of Understanding have been signed;

  • Integrate syndication and co-financing into operations, so that the mobilization of external funding becomes the standard business model;

  • Support investment officers and task managers in identifying co-financing opportunities and promoting the unit’s products to borrowers / sponsors;

  • Assist with the structuring and pricing of proposals by feeding back market intelligence;

  • Enable the Bank to manage its existing portfolio of assets through secondary sales/securitizations and any other balance sheet optimization mechanism.

    Duties and Responsibilities

    The Division Manager-Syndications and Co- financing will:

  • Manage the resources of the division to maximize its effectiveness in supporting investment officers and task managers, marketing investors and executing transactions;

  • Provide structuring guidance to Investment Officers and actively participate in presenting proposals and mandate letters to clients, emphasizing the benefits of syndication and financing;

  • Establish working relationships with the widest possible group of commercial co-financiers;

  • Execute A/B-loan co-financings and Development Financial Institutions’ syndications, sharing responsibilities where appropriate with co-arrangers;

  • Conduct market soundings, pricing and provide risk appetite feedback to senior management for their consideration;

  • Review syndication guidelines and make recommendations for amendments and improvements;

  • Develop internal operational processes and procedures for the division;

  • Develop training, communication and marketing material and conduct staff and co-financiers information campaign

  • Act as deputy and Officer-In-Charge in the absence of the departmental Director;

  • Identify existing assets for potential secondary sale, obtain market feedback on likely cost of sale and, where applicable, seek all necessary approvals;

  • Work with, inter alia, Operations (both public and private) / Financial Control / Financial Treasury, Financial Management, Legal and other departments within the Bank to establish capacity to act as agent for all B-loans, Development Financial Institutions’ syndications and other co-financings.

    Selection Criteria

  • Hold at least of a Master's degree or equivalent in Finance, Economics or Business Administration or related disciplines

  • A minimum experience of eight (8) years acquired
    in a reputable financial institution and at least 5 which should be in a supervisory capacity. A track record of direct responsibility for at least 5 successfully executed syndications deals is required;

  • Private sector experience will be an added advantage;

  • The ability to propose innovative and creative approaches to activities in order to enhance performance and create added benefits to the Bank and its clients;

  • The ability to communicate clearly and concisely and work with others to maximize team effectiveness and develop strong working relationships within and outside of the Organization.

  • Ability to apply business knowledge to the resolution of problems and identifies solutions to the benefit of the client (internal and external) and the Organization

  • Demonstrable knowledge and application of the systems, procedures and culture within the Organization in order to deliver the required results.

  • Working knowledge of a range of financing alternatives and financial instruments and ability to conduct a range of financial analysis and understanding of project financing process.

  • Strong analytical, quantitative and financial market skills

  • Ability to plan strategically in an uncertain environment and achieve desired results timely.

  • Good negotiating skills

  • Ability to lead, guide, develop, mentor and motivate staff members to achieve optimum performance in their roles.

  • Ability to communicate effectively (written and oral) in English or French with a good working knowledge of the other language.

  • Proficient in the use of standard MS Office software applications, particularly Word, PowerPoint, Excel and SAP.

    How to Apply

  • For more information and job application details, see; African Development Bank Group Division Manager - Syndications and Co-Financing Jobs in Nigeria

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