Investment Manager, Portfolio Management Unit

September 1, 2022

Job Description

  • Lagos

the OPEC Fund for International Development

The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are:  Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.
We are recruiting to fill the position below:
Job Title: Investment Manager, Portfolio Management Unit
Location: Austria (AT)
Aim of Job

This position is responsible for managing a portfolio of the Private Sector and Trade Finance Department’s loans, equity investments and guarantees in developing countries, including execution and implementation of approved operations and continuous monitoring of the assigned portfolio, all in accordance with related finance documents, the departmental strategy and framework and the OPEC Fund’s policies and procedures, in order to contribute to a compliant and optimal project portfolio. 

Main Accountabilities
Review & analysis and reporting

Processes withdrawal applications
Reviews financial covenants, compliance certificates, external project reports, and financial reports of borrowers and prepares credit monitoring reports
Reviews and processes waiver, amendment, consent, and rescheduling/restructuring requests 
Conducts monitoring missions and if required, participates in appraisal/due diligence missions
Stays abreast of country, sectoral, market and product developments 
Provides recommendations and suggestions to the Director Portfolio Management for any improvement of the work efficiency and productivity 

Stakeholder Management and Engagement:

Negotiates and closes new transactions with borrowers, shareholders, and co-lenders
Manages relationships with existing borrowers and co-financiers in order to monitor project implementation in line with the provisions of signed agreements and approved procedures
Represents the OPEC Fund at external conferences, meetings, symposia, and other external events in connection with project review & monitoring 
Participates in departmental working groups and organizational taskforces as required
Works closely with related departments throughout the project cycle, e.g. the Legal Department and Loan Management Unit throughout the phase preceding full disbursement

Carries out other tasks that are related to the job function, assigned by the Director Portfolio Management.
Qualifications and Experience

Master's Degree in Accounting / Commerce / Finance / Economics
Minimum of 5 years professional experience preferably 2-3 years obtained within the Private Sector division of a major international development finance institution; a banking environment (including commercial or investment banking, fund management or a development bank); a commercial/development environment of relevance to the OPEC Fund’s operations and job profile 
Preferably 1-2 years of experienceat an international development finance institution 

Competencies:

Excellent written and verbal communication skills in English
A good working knowledge of Arabic, French or Spanish will be an added advantage. 

Application Closing Date
Not Specified.
Method of Application
Interested and qualified candidates should:
Click here to apply online

To apply for this job please visit careers.opecfund.org.

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