The Principal Investment Specialist will lead the origination, development, due diligence, approval and implementation of private sector corporate and project finance loans, which can include developmental and commercially sustainable projects in sectors such as energy (solar, wind, hydro, waste-to-energy and geothermal power generation, transmission and distribution, and utilities), water and waste (water supply, distribution, wastewater treatment, solid waste management), transport (electric mobility, and transport services), telecommunications, manufacturing and decarbonization of industry, primarily in East Asia. The Principal Investment Specialist will contribute to the development of policies and strategies of country programs and monitor the development impact of the portfolio and ensure key issues are considered and proper risk management is applied. The Principal Investment Specialist will report to Director, PSIF2 and will supervise national and administrative staff.
Project Development and Processing:
Leads in the origination of a pipeline of infrastructure finance projects and screens investment opportunities through client outreach, marketing and deal screening.
Manages and undertakes the necessary due diligence, financial modeling, risk analysis and mitigation in the structuring of loans, equity investments, guarantees, B-loans or other forms of ADB assistance.
Leads the internal approval process including interface with credit, safeguards, integrity, legal and other teams as well as management and the Board.
With the support of internal and external counsel, ensures that appropriate legal documentation is successfully concluded for all deals in line with approvals and that financial close (i.e., first disbursement) is achieved in a timely fashion.
Leads and undertakes the implementation and the hand-over of administration of private sector energy transition and/or infrastructure programs and projects, ensuring compliance with required guidelines, policies and procedures as well as agreed covenants and reporting requirements up to financing effectiveness; and
Performs the role of a nominee director on the board of ADB’s investee companies representing ADB’s interests in accordance with the principles of sound corporate governance, if and when assigned.
External Liaison and knowledge Sharing:
Facilitates or leads active relationships with commercial lenders and other financial partners in the region and beyond as well as with developers, investors and governments; and
Assesses and structures transactions to optimize balance between energy transition impacts and the potential for commercial co-financing and catalyzing of additional sources of capital.
Participates in and contributes substantially to relevant learning events and other activities for advocacy, dissemination, and knowledge building.
Maintains and shares knowledge of emerging best practices across the range of key themes and sectors with an emphasis on energy transition.
Strategy, Policy and Project Evaluation:
Provides strategic inputs and comments on projects, policy and other papers related to private sector operations and development across a range of key themes and sectors, with an emphasis on energy transition.
Drafts, reviews and provides comments on project, policy and other papers related to private sector development and operations issues in various themes and sectors, with an emphasis on energy transition; and
Participates in country teams for planning and programming purposes, particularly with respect to private sector development and operations and sector priorities.
Provides leadership and support to reporting staff.
Supervises the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance; and
Ensures the on-going learning and development of reporting staff.
Relevant Experience & Requirements:
Master's Degree or equivalent; University degree relevant to assigned sector combined with 5 years specialized experience in similar organization/s may be considered in lieu of a master’s degree.
At least 12 years of relevant professional experience in private sector infrastructure and corporate finance, including hands-on experience in originating loans, guarantees and/or equity transactions, managing due diligence, financial modeling, mitigating credit and other risks, negotiating term sheets and finance documentation and related project and corporate finance activities.
Specific and relevant experience in emerging market financing and investments, preferably in Asia and the Pacific.
Excellent verbal and written communication skills in English.
International experience working in development in several countries, preferably in Asia.