Principal Investment Specialist

Job Posting Organization:
The Asian Development Bank (ADB) is a prominent multilateral development bank established in 1966, headquartered in Manila, Philippines. ADB's mission is to alleviate poverty and promote sustainable development across the Asia-Pacific region. With 69 member countries, including 50 from the Asia-Pacific region, ADB plays a crucial role in addressing complex challenges through innovative financial tools and strategic partnerships. The organization is committed to fostering inclusive, resilient, and sustainable growth, and it emphasizes respect and equal opportunities for all employees, encouraging diversity in its workforce.

Job Overview:
The Principal Investment Specialist position is a key role within the Equity Investments Unit of the Private Sector Operations Department at ADB. This position involves leading direct equity investments, providing strategic advice on private sector operations, and overseeing junior team members. The specialist will be responsible for the origination and processing of new investment opportunities, managing key accounts, and ensuring effective portfolio management. The role requires a deep understanding of financial markets, investment strategies, and risk management, as well as the ability to lead negotiations and maintain relationships with various stakeholders. The Principal Investment Specialist will also contribute to the development of operational frameworks and business plans, ensuring alignment with ADB's mission and objectives.

Duties and Responsibilities:
The Principal Investment Specialist will have a comprehensive set of responsibilities, including:

• Origination and Processing: Develop and implement the equity operational framework, lead the origination of new investment opportunities, and provide structuring advice for direct equity investments.
• Management of Key Accounts: Oversee primary account responsibilities, review compliance reports, and manage relationships with key stakeholders.
• Portfolio Management: Monitor the financial health and development impact of the portfolio, ensuring compliance with financial covenants and environmental standards.
• Strategy and Planning: Prepare annual portfolio management plans and develop strategies to optimize the portfolio.
• Knowledge Center: Lead initiatives to introduce best practices in governance and risk management at investee companies.
• External Liaison: Maintain relationships with financial intermediaries and share knowledge of market trends.
• Staff Supervision: Supervise team members, providing direction and feedback to ensure high-quality work and professional development.

Required Qualifications:
Candidates must possess a Master's degree or equivalent in business administration, finance, or related fields, or a University degree with at least 5 years of specialized experience relevant to the position. A minimum of 12 years of combined professional experience in financial and emerging markets is required, with a strong background in project processing and administration of private sector projects. Candidates should have international experience and a deep understanding of credit and valuation analysis, risk management, and investment products, particularly in developing markets. Proven leadership and interpersonal skills, along with the ability to manage diverse teams, are essential for this role.

Educational Background:
The educational requirements for the Principal Investment Specialist position include a Master's degree or equivalent in business administration, finance, or related fields. Alternatively, a University degree in these areas, combined with significant specialized experience, may be considered. The emphasis is on advanced knowledge and skills relevant to investment management and financial analysis.

Experience:
The position requires at least 12 years of relevant professional experience, particularly in financial markets and private sector project administration. Candidates should have a proven track record in project finance, corporate finance, and investment management, with experience in dealing with distressed assets being an advantage. International experience across multiple countries is also a key requirement, along with strong analytical and structuring capabilities.

Languages:
Fluency in English is mandatory, with excellent oral and written communication skills, particularly in business writing. Proficiency in additional languages may be considered an asset, enhancing the candidate's ability to engage with diverse stakeholders across the region.

Additional Notes:
This is a fixed-term appointment with the option to renew, initially for a period of up to 3 years. The role is based at ADB's headquarters in Manila, and relocation expenses will be covered. The appointment is open to both internal and external applicants, and ADB offers a competitive salary and comprehensive benefits package, including housing and education allowances, retirement plans, medical benefits, and paid leave. ADB is committed to diversity and encourages applications from all qualified candidates, particularly women.