Financing Partnerships Officer

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 a membership of 69 countries, including 50 from the Asia-Pacific region, ADB works collaboratively with its members and partners to address complex challenges and foster inclusive, resilient, and sustainable growth. The organization employs a diverse workforce and is committed to creating an inclusive environment where all employees are treated with respect and given equal opportunities. ADB encourages applications from all qualified candidates, particularly women, and aims to maintain a workplace that reflects the diversity of its member countries.

Job Overview:
The Financing Partnerships Officer position is situated within the Partner Funds Division of the Climate Change and Sustainable Development Department at ADB. This role is crucial in supporting the administration of project-specific cofinancing, trust fund management, and IT system development related to fund management operations. The officer will be responsible for providing technical support in cofinancing administration, ensuring compliance with financing agreements, and facilitating communication with financing partners. The role also involves managing relationships with active cofinanciers, developing financing partnerships strategies, and contributing to the digitization of fund management processes. The officer will report to designated technical international staff and may oversee junior staff, consultants, and contractors, making this a pivotal role in the organization's mission to foster prosperity in Asia.

Duties and Responsibilities:
The duties and responsibilities of the Financing Partnerships Officer include:

• Project-Specific Cofinancing Administration: Providing technical support in PSC administration, reviewing narrative and financial project reports, coordinating responses to financing partners' queries, monitoring cofinancing agreement milestones, drafting cofinancing agreement amendments, and ensuring timely adjustments of forex and fees.
• Trust Fund Management and Administration: Supporting fund teams in managing relationships with cofinanciers, ensuring agreements with trust fund contributors are current, preparing and negotiating agreements for replenishments, and providing technical guidance in streamlining trust fund administration processes.
• IT System Development Support: Acting as a subject matter expert in the design and user acceptance testing of the Integrated External Funds Management System, coordinating with IT and related departments on sovereign cofinancing requirements, and performing other duties as assigned.

Required Qualifications:
Candidates must possess a Bachelor's degree in Business Administration, Finance, Economics, or related fields, preferably with advanced training. A minimum of 8 years of relevant experience in the entire project cycle from processing to implementation is required. Candidates should have extensive analytical skills, a working knowledge of bilateral donors and international multilateral institutions' policies, and an understanding of statistical and financial accounting concepts. Proficiency in written and verbal English is mandatory, and familiarity with ADB's Competency Framework for TL5 is also necessary.

Educational Background:
The educational background required for this position includes a Bachelor's degree in Business Administration, Finance, Economics, or related fields. Advanced training in these areas is preferred, indicating a higher level of expertise and understanding of the financial and administrative processes relevant to the role.

Experience:
The position requires at least 8 years of relevant experience, which should encompass the entire project cycle from processing to implementation. This experience should include extensive analytical skills and familiarity with the policies and practices of bilateral donors and international multilateral institutions regarding institutional lending and project financing.

Languages:
Proficiency in English is mandatory for this position, both written and verbal. While English is the primary language required, knowledge of additional languages may be considered an asset but is not explicitly stated as a requirement.

Additional Notes:
This is a fixed-term appointment with the option to renew, initially for a period of up to 3 years or until the Normal Retirement Date (NRD), whichever comes first. ADB may choose to renew the appointment for an additional 3 years based on various factors, including the staff's performance and the organizational unit's needs. The position offers a competitive salary and a comprehensive benefits package, including a retirement plan, medical and health benefits, paid leave, life insurance, and staff development opportunities. ADB is committed to hiring nationals from its 69 member countries and encourages applications from all qualified candidates.