Objectives

The Energy, Environment and Climate Change Department (ONEC) is in charge of managing the Bank Group energy operations in Regional Member Countries (RMCs). It helps address climate change and environmental issues by incorporating them into Bank Group supported operations and giving them the visibility required. ONEC Department includes two energy divisions and a third division which is responsible for climate change and environmental issues. The main objective of the North, West and Central Africa Energy Division (ONEC.1) is to build on the Bank’s sector skills and strengthen its capacity to become the leader in strategy, development, financing and implementation of energy projects and programs in North, West and Central Africa. The Department operates in line with the bank’s long term Strategy (2013-2022), Country and Regional Strategy Papers.

Duties and responsibilities

The Senior Financial Analyst (ONEC.1) will work under the general supervision and guidance of the Manager, North, Central and West Africa Energy Division (ONEC.1). His/her core duties/responsibilities will include the following:

Conduct financial and economic analyses of projects and executing agencies during the whole project cycle through:

•   Collecting and analyzing all financial data and appropriate performance indicators, in order to determine the investment potential of projects;
•   Evaluating the commercial performance, tariffs and tariff policy of the executing agency and its capacity to ensure project sustainability;
•   Estimating and calculating the detailed project cost in foreign exchange and local currency;
•   Calculating the Financial Internal Rate of Return (FIRR) based on logical hypotheses and project estimated cash flow;
•   Evaluating financial projections, income statements and balance sheets of the executing agency;
•   Evaluating the overall performance of the project and the executing agency to determine the project’s financial viability and sustainability;
•   Evaluating the financial policies and procedures as well as those related to risk management;
•   Proposing loan conditions that contribute to project viability and sustainability;
•   Liaising with the  energy economist to calculate the Internal Economic Rate of Return (EIRR) based on the project’s logical hypotheses, calculation of project externalities and the FIRR;
•   Evaluating the legal framework of the sector and the executing agency;
•   Analyzing the adequacy of the executing agency’s organizational structure in terms of hierarchy and staffing; and evaluating the staff training needs;
•   Preparing loan conditions in connection with the institutional status of the executing agency;
•   Discussing the above issues with the relevant authorities during missions and through permanent dialogue.

•   Provide financial expertise to teams in charge of activities at the various stages of project  cycle, namely identification, preparation, appraisal, implementation and completion
•   Review audit reports of project accounts and financial statements of companies in order to the management of the bank, expert opinion for appropriate decision on the design and monitoring of projects.
•   Conduct supervision missions of the projects managed by  ONEC.1 through regular assessment of their economic performance, compliance with bank’s  rules and procedures; participate in field missions and provide timely guidance needed to achieve projects’ development outcomes
•   Provide  the financial skills necessary to the design and implementation of Public Private Projects: and advise on leveraging finding mechanisms
•   Participate in preparing country strategy papers and operational policies, and if necessary, present and defend them before the Board of Directors.
•   Undertake any other task as the Director ONEC and/or Manager ONEC.1 may assign.

Qualification Required & Experience

Including desirable skills, knowledge and experience

•   At least a Master’s degree in engineering, Economics, Finance or Business
•   Minimum 5 years of relevant professional experience in project infrastructure financial and economic analysis including a minimum of  2 years in the energy sector;
•   Proven ability to implement institutional reforms in the energy sector
•   Full understanding of the principles of project cycle and project implementation;
•   Proven ability to interact competently with the staff of government and donor agencies on issues relating to aid coordination, as well as with the private sector;
•   Proven ability to build and lead a team of professional staff, and utilize talent and expertise of team members in a productive way;
•   Good listener with demonstrated ability to present and win support for ideas as well as make effective and timely decisions;
•   Capacity to initiate and manage innovations and change.
•   Competence in the use of Bank standard software applications (Word, Excel, PowerPoint, Access, MS Projects);
•   The incumbent should also have competence in (or ability/willingness to become quickly familiar with) the use of various tools available and applied by the Bank such as SAP
•   Excellent written and verbal communication skills in English and French are desirable ; at a minimum, proficiency in one of the languages and knowledge of the other is a must.

Location: Ghana

How To Apply For The Job

Interested and qualified candidates should

Click Here To Apply Online

Closing Date: 02 September, 2013

Only applicants who fully meet the Bank's requirements and are being considered for interview will be contacted. Applicants will only be considered if they submit an online application, and attach a comprehensive Curriculum Vitae (CV). The African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply