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CAREER OPENINGS – Associate Remedial Management Officer

Job openings by ASIAN DEVELOPMENT BANK
Mandaluyong City

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ASIAN DEVELOPMENT BANK is hiring for: Associate Remedial Management Officer

Responsibilities
a. Corporate Recovery
Analyzes nonperforming and impaired, or potentially nonperforming and impaired transactions, including financial and legal due diligence and analysis; interacts with accountants, legal and financial consultants, and with senior management of obligor/investee; constructs financial and valuation models as required.
Assists in determining, documenting, and presenting best course of action in terms of recovery strategy (e.g., turnaround, restructuring, sale, liquidation, or any combination thereof) in the form of a workout strategy to the respective approval authority within ADB.
Supports the execution of approved workout strategy, as required.
Assists in facilitating the transfer of assets deemed nonperforming, or impaired, or in risk of becoming nonperforming or impaired, from operational departments in a structured and documented fashion, if deemed necessary.
Contributes to the preparation of updated assessments for each nonperforming or impaired transaction and supports preparation of reporting materials used for senior management and the relevant governance committees.
Independently prepares financial forecasts and performs cash flow analysis to determine the debt carrying capacity of borrowers and return potential for equity investments.
Assists in (i) determining appropriate rating and accrual status for debt transactions and establishes fair value for impaired equity transactions; and (ii) calculating loan loss provisions and equity impairment estimates for nonperforming or impaired transactions.
Participates in relevant quarterly governance meetings relating to impaired accounts, as needed.
Assists in preparation of, use of, and updated submissions for the Investment Recovery Budget, as well as assists in implementation and maintenance of relevant documentation.
Analyzes and processes monitoring reports, waiver, amendment, and consent requests for impaired transactions.
b. Remedial Management (Watch List)
Analyzes quantitative and qualitative aspects of Watch List transactions and constructs financial and valuation models as required.
Contributes to and processes the reviews of Watch List reports, monitoring reports, waiver, amendment, and consent requests for Watch List transactions submitted by operational departments.
Maintains Watch List statistics and contributes to reporting.
Prepares for and participates in governance meetings relating to Watch List transactions, as needed.
Assists in identifying assets in the early stages of stress that require elevated risk monitoring designation.
Assists in monitoring the progress and recommending appropriate changes in ratings and designation for debt transactions and in establishing fair value for stressed equity transactions.
c. Others
Contributes to the preparation of lessons learned papers and presentations to disseminate Watch List and workout experience to other divisions/units in ADB.
Assumes ad hoc project duties and other forms of assignments including but not limited to (i) performing special duties assigned by Advisor, RMOD and Head, RMOD-RMU with respect to ORM-wide initiatives; (ii) coordinating the preparation of the unit’s work program and budget requirements; (iii) providing support to other divisions and units in ORM; and (iv) providing support in the planning of various initiatives designed to facilitate RMOD-RMU’s growth.
Performs other tasks as assigned and as reflected in the incumbent’s work plan.

Qualifications
Relevant Experience and Requirements
Bachelor’s degree in Economics, Finance, Accounting, or relevant fields of study preferably with advanced training.
At least 6 years of relevant experience in major commercial / investment banks or consulting firms prior to joining ADB; preferably in the area of corporate recovery, restructuring, or special operations.
Proven ability to undertake background research and analytical work, collect and organize data and information, apply computer skills in analyzing and developing data, and prepare notes, papers, cash flow models, and reports.
Understanding of and, preferably, hands-on experience with distressed assets and workouts.
Prior work experience with financial institutions, project finance, corporate finance, and private equity funds would be advantageous.
Prior work experience with structured debt and direct and indirect equity transactions would be advantageous.
Familiarity with financial models, risk rating tools, loan pricing instruments, equity valuation models, and developments in the area of risk management.
Advance computer skills with sound knowledge of common word-processing, spreadsheets, powerpoint, graphics software used within ADB, financial modeling and macros.
Strong analytical and creative problem-solving skills.
Excellent written and verbal communication skills in English.
Please refer to the link for ADB Competency Framework for National Staff level 1.

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The Asian Development Bank (ADB) envisions a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty in the region.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

With employees from more than 60 countries, ADB is a place of real diversity. Join us to find fulfillment in sharing your knowledge and skills, and be a part of our vision in achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific.

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