Portfolio Management Officer - NSBF Loans
Ref. Number: 22007
Department: Implementation Monitoring Department
Job Type: Global Recruitment
Posting Date: Dec. 22, 2021
Closing Date: Jan. 12, 2022
Portfolio Management Officer – NSBF Loans
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 104 approved members worldwide. We are capitalized up to USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
The Implementation Monitoring Department (IMD) is responsible for monitoring AIIB’s rapidly growing investment portfolio, which includes loans and equity investments with or without sovereign guarantees and assisting management and project teams to ensure portfolio quality.
To strengthen its portfolio management capabilities, IMD is recruiting a Portfolio Management Officer (PMO) for its NSBF Loan Operations. The PMO’s main responsibility is to work with the Project and Asset Management team of the IMD in actively monitoring and managing the NSBF loan portfolio to ensure that AIIB’s strategic objectives are met in terms of development impact and financial sustainability. The PMO will report directly to the Director General, IMD.
A. Pro-active monitoring of project performance and compliance
- Actively supervise financial performance, construction progress as well as operation and maintenance of NSBF infrastructure projects after handover to IMU (typically, after first disbursement).
- Assure client company (and/or project) compliance with loan documentation and investment agreements, including delivery of reporting and other requirements.
- Analyze periodic financial statements and other project reports, monitor compliance with financial and other covenants and develop an informed opinion about expected future project performance while identifying and updating risk factors.
- Process updates and provide recommendations to the Risk Management Department (RMD) regarding the internal Credit Ratings of NSBF projects, track evolution over time and flag any negative developments or downgrades for further scrutiny.
- Advise preemptively on project, sector and country issues which may impact the financial or developmental performance of individual projects.
- Actively identify and report issues that need Senior Management’s attention and provide advice on action plans.
B. Early identification of risks and design of appropriate remedies
- Identify and provide early warnings to management about critical deviations from the original investment plan or newly emerging risks, while simultaneously proposing appropriate remedies and coordinating related activities with internal and external stakeholders.
- Lead the disbursement process as well as “change” processes (waivers, amendments, consents or other events) to address deviations: liaise with external and internal parties to design, negotiate and implement changes in a way to ensure that the interests of the project and of AIIB are protected.
- Assist the IMU manager in developing a comprehensive early warning system throughout the loan portfolio.
C. Management of the relationship with internal and external stakeholders
- Build strong and close client relationships through the supervision process and add value to the client company by drawing on own experience and on AIIB resources.
- Effectively manage the relationship with external stakeholders (such as borrowers, sponsors, co-lenders, counsel, advisers and agents) and internal parties (including RMD, legal department, controllers’ department, treasury, management team), and ensure good communication with all to assess and implement the most appropriate course of action in any given situation, as smoothly as possible.
- Leverage the relationship with the Bank’s preferred clients with an eye towards developing potential follow-on business.
D. Generating experience and knowledge feedback loops
- Identify and summarize lessons learned from the existing portfolio and feed this knowledge back to other teams (including activities such as training IO staff).
- Guide junior team members in all tasks related with portfolio management.
E. Carrying out other duties as assigned by the Director General, IMD
- Master's degree (such as economics, finance, business administration, international relations or similar field relevant to the AIIB’s operations) or equivalent experience.
- Minimum 5-8 years of relevant working experience in managing a portfolio of private sector infrastructure projects or investments under a project finance structure. Such experience should include having actively managed a diverse portfolio of infrastructure projects during construction and operation, as well as in distress situation, generating project monitoring reports and recommending possible course of action and internal credit rating reviews, and successfully addressing complex project issues.
- Sound knowledge of credit analysis, project finance structuring, preparation and supervision (including roles of fiduciary and safeguards oversight for infrastructure investments) obtained through previous work at international commercial banks or multilateral financial institutions.
- Previous experience in deal origination, project structuring and negotiation is a strong asset but is not an absolute prerequisite.
- Very good understanding of issues that can affect the construction and operation of large infrastructure projects. Ability to identify and address operational issues and problems. Ability to assist in developing elements of learning and knowledge dissemination activities.
- Comfortable in handling projects’ financial models, reviewing overall integrity and reasonableness, and running sensitivities as needed. Experience in building and auditing financial models would be a plus.
- Ability to collaborate with others in the organization as well as proven ability to function in teams and contribute positively and productively to other team members and to the team's work and output, demonstrating respect for different points of view.
- Superior written and verbal communication skills in English with demonstrable ability to think strategically and synthesize complex issues (translated into effective oral and written brief and ability to comprehend and review complex project contracts).
AIIB is committed to diversity, transparency, and inclusion. We believe our strength comes from having a team with the right diverse skills, experiences and abilities selected through a merit-based competitive process. We actively encourage applications from people from both within and outside AIIB members, regardless of nationality, religion, gender, race, disability, or sexual orientation.
Previous experience and qualifications will determine the grade and job title at which successful applicants will enter AIIB.
Join us and help build the infrastructure for tomorrow and improve social and economic outcomes in Asia and beyond while growing your career in a diverse and innovative environment.