Organisation of Educational Cooperation Senior Investment Officer Jobs in Ethiopia

Organisation of Educational Cooperation Senior Investment Officer Jobs in Ethiopia

General Background

The OEC: The Organisation of Educational Cooperation (OEC) is an international intergovernmental organisation, founded in January 2020 by countries from across the Global South, to “contribute to the equitable, just, and prosperous social transformation of societies by promoting balanced and inclusive education, in order to attain the fundamental rights to liberty, justice, dignity, sustainability, social cohesion, and material and immaterial security for the peoples of the world”.

The CLUB: The Common Leveraging Union of Borrowers (CLUB) – a key instrument of the OEC - is an innovative solution to the several challenges and constraints faced today by sovereign borrowers in the Global South.

The CLUB is a union of borrowing countries (OEC Member States) which have combined forces to jointly apply for development loans, oversee the national utilisation of the loan funds, and repay the borrowed amounts.

This novel approach, which seeks to be operational in the next two years, has numerous potential benefits for low-income borrowers, including unhindered access to debt instruments, enhanced bargaining power in loan negotiations, and incentives for effective loan utilisation.

The main functions of FINDEV are to:

Provide technical and policy support to Member States in developing context appropriate frameworks for the implementation of sustainable public private partnerships

Host and support the Common Leveraging Union of Borrowers (CLUB)

Collectively secure more favourable financing and debt relief for the CLUB members

Reinforce the case and actively advocate for a more equitable international financial system considering the interests of Member States.

Job Title: Senior Investment Officer

Department and Section: Department of Financing for Development (FINDEV), Section of CLUB Coordination

Duty Station: Headquarters (Addis Ababa)

Duration: Indeterminate appointment

Category and Level: T3, Step I (mid-level technical)

Role Summary

Under the overall authority of the Secretary-General, the guidance of the Under-Secretary-General for FINDEV, and the direct supervision of the CLUB Coordination Chief of Section, the Senior Investment Officer will be responsible for providing financial analysis and advice on the terms of the loan proposals/agreements as well as support the Creditor Liaison Officer during the loan/debt negotiation phase with prospective lenders.

This position provides the unique opportunity of joining the core team of a new international organisation – contributing to its lasting construction and influencing its future trajectory – and an innovative international financing instrument.

Duties

Provide financial analysis and advice to the CLUB team on the terms of the loan proposals (i.e., amount raised, maturity period, debt covenants etc.)

Support the CLUB negotiate the

key terms of debt agreements with lenders. These include, but are not limited to, interest rates, term structure, financial covenants etc.

Provide financial advice to the CLUB team prior to accepting or rejecting loan/debt agreements and work with the Legal Advisor to review the accuracy of each agreement

Provide updates to the CLUB team on a bi-weekly and ad-hoc basis on current market conditions and deals pipeline

Conduct analysis to assess the attractiveness of specific financing opportunities with a strong focus on credit quality and development impact
Contribute to developing discussion materials including reports and presentations for discussions between the CLUB and prospective lenders

Review the financial analysis and debt valuation models provided by the Investment Analyst

Line manage the Investment Analyst

Competencies

Strong academic qualifications at master’s degree level or higher

Proficient use of Microsoft Office and in particular Excel and PowerPoint

Advanced modelling in Excel (VBA/Macros) and knowledge of programming languages / statistical tools (Python, R, STATA) is highly appreciated
Very good understanding of valuation theory, methodologies, and applications

Demonstrated experience in international development finance is not required but will be considered an asset

Proven experience in debt agreement negotiations and/ or loan syndication are a major plus

Excellent verbal and written communication skills

Strong interpersonal skills

Strategy formulation and deal negotiation experience are assets

Qualifications

At least 10 years of relevant experience, working at an international financial institution and/or investment banking departments with emphasis on Debt Capital Markets.

Previous experience at a multilateral development bank is particularly relevant and appreciated

Master’s degree (or higher) in Finance, Economics, or other related fields

Professional qualifications (CFA, FRM or accountancy qualifications - CPA or equivalent) are also an asset.

Language Requirements

Candidate must be fluent in English.

Additional fluency in one or more OEC official languages (Arabic, French, and Spanish) will be considered an asset


How to Apply

This position is open to international applicants. All applications must be sent to HRE@OEC-OCE.ORG and must include:

Subject line: “CLUB JOB TITLE – Application”
Curriculum Vitae
Letter of Motivation
Any other relevant information

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