Finance Specialist (Energy)

Job Purpose:

Identify, develop, implement and administer loans, technical assistance (TA) projects, and non-lending products and services (NLPS) in the energy sector, particularly focusing on the financial and economic aspects of such products and services. Contribute in developing operational strategies and programs in the energy sector in the Developing Member Countries (DMCs). DMCs of the Central and West Asia Department (CWRD). Work with broad policies and objectives, working directly with clients, with supervision for critical tasks.

Expected Outcomes

a. Strategy and Planning
- Provide information and analyses towards developing sector strategies and operational programs for the developmental stage of individual DMCs and their sector needs.
- Participate in and contribute to country programming ensuring that operational energy strategies are adequately reflected.
- Coordinate with the Resident Missions (RMs) for consistency, integration of policy commitments, and knowledge sharing.
- Contribute information and analyses for economic and sector work in the energy sector.
- Conduct detailed financial review of the sustainability of energy sector agencies and recommend suitable financial restructuring and reform strategies.
- Contribute information and analyses to interdepartmental working groups on the energy sector.

b. Project Management
- Participate in developing projects, TAs, sector works in the energy sector.
- Participate in processing loans and TAs in areas requiring policy, institutional and operational reforms, cross-border infrastructure projects, and risk analysis.
- Review and analyze past financial and current performance of EAs and evaluate their management, accounting and financial control policies, practices, systems, and procedures.
- Evaluate the financial viability of projects proposed for ADB financing and assess the impact of the projects on the EA’s future financial performance including risk analysis, cost recovery, tariff, and affordability issues.
- Recommend appropriate loan covenants and action plans for the management and financial strengthening of the EAs.
- Monitor the financial performance of the project and EAs through analysis of project accounts, financial statements, and audit reports during project implementation.
- Integrate ADB’s policies and guidelines in the design and implementation of energy sector projects.
- Undertake activities for the administration of sector and program loan and TA projects.
- Propose appropriate and innovative financing instruments, mobilize cofinancing resources and promote public private sector partnership for large energy sector projects.

c. Knowledge Sharing
- Participate in and contribute to internal and external training and conferences on the energy sector and other activities for advocacy, dissemination and knowledge building.

d. Staff Supervision
- Provide leadership and support to reporting staff.
- Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
- Ensure on-going learning and development of reporting staff.

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Educational Requirements:

• Master’s Degree, or equivalent, in Engineering, Economics, Business Administration, Social Sciences or related fields. University degree in Engineering, Economics, Business Administration, Social Sciences or related fields, combined with specialized experience in similar organization/s, may be considered in lieu of a Master’s degree.

Relevant Experience And Other Requirements:

• Suitability to undertake the responsibilities mentioned above at the required level
• At least 8 years of relevant professional experience in the energy sector and/or commercial or public finance. Energy sector and project finance experience will be preferred.
• Excellent financial and economic analysis skills.
• Excellent oral and written communication skills in English
• Excellent financial analysis and due diligence skills for projects and institutions
• Excellent skills in developing financial structures and options for the best interest of the client
• International experience working in or with several countries. Work in CWRD DMCs will be preferred.

Core Competencies:

Application of Technical Knowledge and Skills

• Regularly shares knowledge on new international best practice trends in comparator situations
• Proactively applies relevant international best practices to own work
• Convinces others to adopt international best practice by explaining the situational relevance and benefits

Client Orientation

• Helps colleagues work effectively with clients in different contexts and from diverse backgrounds and country situations
• Adapts own approach and style when interacting with clients, as opposed to requiring them to adapt
• Draws upon international best practice in exploring solutions with clients
• Develops financial structures and solutions in the best interest of the clients
• Confirms the clients’ understanding and agreement before progressing

Achieving Results and Problem Solving

• Draws on own and others’ multi-country experience to identify viable courses of action when conducting analyses
• Helps internal and external clients achieve quality results beyond presenting problems and precedent
• Highlights possible solutions for project issues based on relevant multi-country and/or multi-client experience
• Regularly contributes insights and experiences to colleagues in the Division to help them achieve quality results
• Overcomes unexpected difficulties and challenges to produce desired outcomes

Working Together

• Maintains collaborative relationships within the Department
• Works effectively with diverse colleagues in own and other Divisions and Departments
• Flexibly alters positions and adjusts previously stated points of view to support the group consensus
• Follows through on team priorities in the absence of a team leader

Communication and Knowledge Sharing

• Checks the audience’s level of understanding and awareness of required follow up actions
• Consistently seeks and addresses feedback on own performance
• Creates knowledge products endorsed for wider distribution based on lessons and multi-country experience
• Independently amends and clarifies messages and documents

Innovation and Change

• Actively supports work improvement and/or organizational change by work and deed
• Develops and adopts change plans to support Division initiatives on which one works
• Considers current and future client needs in proposing ideas
• Vocalizes early support for change
• Recommends inputs to new policies, systems and processes in immediate work area

Immediate Reporting Relationships / Other Information:

• Supervisor: Director, Energy Division, CWRD (CWEN)
• The following staff positions may be supervised by the incumbent:
  • Administrative Staff
  • National Staff
• Women are encouraged to apply.