Associate Project Analyst

POSITION TITLE                  : Associate Project Analyst
POSITION NUMBER              : 10309
POSITION LEVEL                  : AS6
RECRUITMENT TYPE             : Local Hire
POSITION LOCATION            : VRM
TYPE OF APPOINTMENT        : Standard

Overview

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 outposted to the Viet Nam Resident Mission (VRM) and assigned in the Portfolio Management Division (PSPM) within the Private Sector Operations Department (PSOD). PSPM is accountable for the pro-active management, reporting and review of ADB’s growing private sector debt and guarantee portfolio, including overseeing project implementation and administration, as well as managing client relationships over a diverse range of sectors and geographies. PSPM is responsible for managing all risk aspects of the portfolio including credit risk, safeguards risk, integrity risk, as well as the delivery of the development effectiveness goals of projects.

PSOD provides financing and investment support to private projects, corporates, financial institutions and private equity funds throughout developing Asia and the Pacific. We advise, help structure and provide and catalyze financing for privately held and state-sponsored entities across a wide range of sectors. Our 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. PSOD is looking for exceptional financiers with a banking and/or investment background and proven leadership ability, able to identify, structure and close innovative, developmentally and financially robust debt, equity and guarantee transactions and guide a team. To learn more about PSOD, watch this video.

To view ADB Organizational Chart, please click here.

Job Purpose

The Associate Project Analyst works as a member of the PSOD Middle Office.  The position is responsible for the credit administration process and for client relationship in terms of onboarding, disbursements, covenant monitoring, and billing. The role involves working with borrowers, multiple PSOD staff and a wide range of internal and external stakeholders.

Engagement with VRM colleagues, across functions, is a requisite of the position, with strong knowledge sharing, and involvement in a wide variety of Viet Nam focused ADB initiatives.

The staff will report to the designated PSPM International Staff (IS) on substantive technical, policy-related and operational aspects. For administrative matters, both designated PSPM IS and Country Director, VRM are to be consulted.

Responsibilities

a. Onboarding and Closing

• Ensures accurate system entries to reflect transaction approvals, signings, terminations and cancellations; and
• Coordinates with other ADB units on the timely recording of the transactions.

b. Project Monitoring

• Ensures adherence by clients to their obligations for timely and accurate submission to ADB of periodic reports and follows up as needed;
• Coordinates with Deal Teams in case of covenant breaches or unexpected developments in a transaction; and
• Coordinates with other ADB units on further review and action on relevant reports received.

c. Disbursements

• Ensures processing of disbursement requests, review of withdrawal applications, verification of compliance with disbursement conditions and/or loan covenants, follow up on submission of required documents and review of their completeness and/or validity.

d. Database Maintenance

• Ensures completeness of database of legal documentation, financing and security documents and project contracts for new project approvals, as well as completeness of documents created in PSPM post-origination; and
• Supports the creation and maintenance of project related databases, tracking portfolio size, composition, and other characteristics, for management information. 

e. Administrative and Planning Support

• Participates in the planning of various initiatives designed to facilitate PSPM's interaction with other ADB units and in the development of systems and procedures to facilitate the credit administration process; and
• Coordinates the preparation of inputs for the annual work program and/or budget and assists in finalizing PSPM's submissions related to ADB's annual planning and budget exercises and mid-year reviews of annual budgets. 
• Supports a wide variety of initiatives at VRM, including participation in cross functional meetings, knowledge sharing, and strategy related.

Relevant Experience & Requirements

• Bachelor's degree in finance, business or related fields, preferably with advanced training.
• At least 5 years of work experience preferably in credit administration and/or corporate lending, including experience with corporate finance, project finance, and/or lending to financial institutions.  Preferably obtained with a leading international financial institution, investment bank, or fund.
• Good understanding of finance business principles and strong skills in client management.
• Excellent process management and co-ordination skills.
• Able to work in a multicultural setting and strong team player.
• Excellent written and verbal communication skills in English.
• Please refer to the link for ADB Competency Framework for Administrative Staff levels 6.

General Considerations

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 Viet Nam.

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.

IMPORTANT INFORMATION:

Close relatives* 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.

*Close 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).

This position is for outposting to Viet Nam Resident Mission (VRM) 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.

This vacancy is a local staff position. It is open only to nationals and residents of Viet Nam.

Interested applicants may apply at https://www.adb.org/careers/210422

Organization: ADB
Location: Hanoi
Application deadline: 2021-09-30
Send application to: https://www.adb.org/careers/210422