Operations Officer (Financial Analyst)
JOB DETAIL
The Caribbean Development Bank (CDB or the Bank) is seeking to recruit a dynamic professional to assume the role of Operations Officer, Financial Analyst (OO, Financial Analyst). The successful candidate will be based at CDB’s quarters in St. Michael, Barbados.
THE DEPARTMENT
The Projects Departments (PD) is accountable for the pipeline and portfolio of capital and Technical Assistance (TA) projects. The PD is responsible for the identification, appraisal and supervision of all capital and TA projects and sector loans in the Bank’s portfolio. In addition, the Department is responsible for monitoring and reporting on the status of the Bank’s loan portfolio; for the preparation of sector analyses and policy papers, delivery of capacity development training in BMCs in the areas of project development, project management and macro-economic management; and for provision of assistance to micro- and small- enterprises.
The work of the Department is delivered through three Divisions and three Units, each providing a focus on one of the following – the social sector, economic infrastructure, technical cooperation, environmental sustainability, private sector development and procurement policy.
THE DIVISION
The Economic Infrastructure Division (EID) is responsible for project cycle activities from project identification through implementation, associated with infrastructure projects, including tourism heritage sites. Post-disaster response is also the responsibility of EID.
THE ROLE
Operations Officers are collectively responsible for the identification of potential projects and TA interventions for inclusion in the Bank’s pipeline. The preparation, appraisal and implementation supervision activities account for a significant portion of the responsibilities of the position. The OO (Financial Analyst) is accountable for due diligence, probity and professional excellence in the discharge of the position’s specific responsibility for the financial, economic and institutional analyses/inputs of assigned projects. The position is also responsible for supervision of institutional and financial performance of Executing Agencies in the operational stage of the investment.
KEY RESPONSIBILITIES
The job will require the OO (Financial Analyst) to:
- Assume the lead role in designing financial and economic models in the preparation and appraisal of assigned projects.
- Undertake institutional capacity assessments of potential borrowers, including governance arrangements, management capacity and system (IT infrastructure, internal controls etc.) policies and processes.
- Develop and build client/partner relations at technical/professional project levels and promote the generation of new business for the Bank.
- Identify and develop capital and capacity building projects and TA interventions in laboration with BMCs for consideration by the Bank.
- Provide advice and guidance to the borrower on the application of CDB’s policies and procedures relating to preparation and appraisal for assigned projects.
- Negotiate programme development and implementation with BMC clients and development partners.
- Supervise institutional aspects of projects under implementation, including review of project reports for consistency with CDB’s policies and procedures and approved project requirements.
- Identify and recommend remedial measures where issues arise during project implementation.
- Analyse project proposals to ensure rigour and completeness in design and the minimisation of risk.
- Contribute as a team member to the preparation and appraisal of quality loan/grant financing proposals in respect of assigned projects. Specialist s include financial/economic analyses, checking for consistency of information, and ensuring that issues related to compliance with CDB’s policies, procedures and standards are identified and resolved during the appraisal process.
- Undertake institutional supervision of entities with loans in the operational stage as assigned.
QUALIFICATIONS
The OO (Financial Analyst) must have superior client orientation and inter-personal skills with the proven ability to work cooperatively with multi-disciplinary teams and all levels of staff. The successful candidate will have the ability to make sound business judgements and engage in analytical decision-making.
The OO (Financial Analyst) is expected to actively seek knowledge needed to complete assignments and share knowledge with others, communicating and presenting information in a clear, logical and organised manner.
The successful candidate should have:
- A first degree in Business, Finance, Economics, Accounting, Development Studies or other relevant disciplines.
- A post-graduate degree in Business, Finance, Economics, Accounting, Development Studies or other relevant disciplines.
- A minimum of eight (8) years’ relevant experience in the practice of financial and economic analysis of investment projects with emphasis on the preparation of projected financial and economic analysis.
- Knowledge of economic policy and financial principles and practices, market and non-market values, and the analysis and reporting of economic and financial data.
- Knowledge of poverty reduction strategies and development issues in the region gained from actual experience.
The following would be considered an asset to the position:
- Professional designation and membership with an international professional accounting association/institute.
- Multilateral Development Bank exposure.
COMPETENCIES
Function-specific Competencies:
The OO (Financial Analyst) should demonstrate strong proficiency in the ability to:
- Collaborate with other team members and contribute productively to the team’s work and output, demonstrating respect for different points of view.
- Effectively adapt to tight deadlines, heavy workloads, and sudden or frequent changes in priority in order to accomplish objectives.
- Communicate effectively both orally and in writing.
Behavioural Competencies:
The successful candidate should demonstrate a strong proficiency in the following competencies:
| Competency | Definition |
| Acting as a Champion for Change
|
Actively identifies problems and opportunities for change and implements solutions where appropriate. Maintains effectiveness when experiencing major changes in work tasks or the work environment; and supports people in their efforts to try new things. |
| Acting Decisively
|
Moves quickly to make decisions and commits to a clear course of action; comfortable making decisions based on partial information; willing to take risks in order to maintain momentum; shows a strong bias toward action.
|
| Acting Strategically
|
Aligns day-to-day activities around broader organisational goals and objectives; prioritises resources based on the strategic objectives of the organisation; recognises and rewards people based on how their actions support the broader needs of the organisation.
|
| Championing Customer Needs
|
Calls attention to issues that impact customer satisfaction; views situations from the perspective of customers; encourages people to think about customers when making decisions and develops and sustains productive customer relationships.
|
| Communicating Effectively
|
Consistently communicates with clarity and thoroughness to optimise audience understanding. Communicates information in a clear, concise, and timely manner. Demonstrates effective speaking and presentation skills.
|
| Delivering High Quality Work
|
Critically reviews work processes to ensure quality; addresses problems that could impact quality; makes sure project deliverables and services meet all requirements and expectations; does not make the same mistakes twice.
|
| Displaying Technical Expertise
|
Keeps his/her technical skills current; effectively applies specialised knowledge and skills to perform work tasks; understands and masters the technical skills, knowledge, and tasks associated with his/her job; shares technical expertise with others.
|
| Driving for Results
|
Bottom-line oriented and pushes self and others to achieve results. Keeps current on project status; makes sure people are aware of project status and what they need to do to keep things moving; redirects project resources and activities to overcome setbacks; elevates project concerns to senior levels of leadership when appropriate.
|
TERMS OF APPOINTMENT
This role is a full-time position with the successful candidate being contracted on a two-year basis in the first instance, with the possibility of renewal. The salary is competitive and commensurate with qualifications and experience. The benefits package includes a pension plan, life and medical insurances.
Before you proceed to apply, please consider the following requirements:
- You must be a national of one of CDB’s member countries.
- You will be required to produce evidence of any educational and professional qualifications to support your application if you are selected for an interview.
- All appointments are subject to satisfactory background checks and references.
CDB fully respects the need for confidentiality of information supplied and assures you that we will not discuss your background and interest with anyone including references, without your prior consent.
The deadline for submission of applications is July 16, 2023 at 11:59 pm AST.
The Caribbean Development Bank is an equal opportunity employer and values diversity. We encourage all qualified candidates to apply regardless of their racial, ethnic, religious, cultural background, gender, sexual orientation, or disabilities. Women are strongly encouraged to apply.
