The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund.
SENIOR LEGAL COUNSEL – PRIVATE SECTOR GECL.2
General Counsel and Legal Services Department (GECL): GECL provides legal services to the statutory organs of the Bank and the Fund. In addition, GECL provides legal advice on the administration, operations and financial activities of the Bank. GECL also ensures that the activities and operations of the Bank’s Group are consistent with the constitutive documents and other legal instruments of the Bank’s Group, its policies, the relevant norms and principles of international and commercial law, and the best practices of development finance institutions.
PRIVATE SECTOR DIVISION (GECL2)
The Private Sector Division’s advises on private sector transactions and other initiatives mostly originated by the Bank’s private sector operations department (OPSM). Most of the transactions include non-sovereign loans, guarantees, project finance, syndicated loans, equity participations and trade finance.
DUTIES AND RESPONSIBILITIES
Under the direct supervision of the Division Manager, Private Sector Operations (GECL.2), the incumbent will be responsible for the following activities in connection with the Private Sector activities of the Bank:
Conducting legal due diligence on proposed transactions such as the review of project documents and agreements (including development or construction contracts, supplier agreements, concession agreements, joint venture agreements, management agreements and shareholders’ agreements etc.), constitutive documents of proposed borrowers/investee funds and review of local regulatory requirements;
Liaising and collaborating with staff in the private sector operations, finance and environmental and social departments to develop the appropriate terms and conditions of each transaction, ensuring compliance with Bank’s policies;
Participating in project appraisal missions and reviewing project concept notes, project appraisal reports, drafting board resolutions;
Drafting and/or reviewing, negotiating and finalising all legal documentation relevant to the proposed transaction, including term sheets, loan agreements, lines of credit agreements, common terms agreements, guarantee agreements, participation agreements, inter-creditor agreements, security documentation, assignment agreements and information memoranda etc., depending on the nature of the project and the type of financing;
Advising on transaction structure and documentation for private equity investments by the Bank to ensure compliance with Bank policies and practice as well as applicable laws including drafting and/or reviewing shareholders agreements, partnership agreements, management agreements, co-investment agreements, subscription agreements etc.
Providing legal support for the implementation and monitoring of projects after signing and disbursement, including advising on waiver requests, approval requests and project work-outs;
Liaising with co-lenders/investors, partners and external counsel as and when needed; and
Undertaking such other assignments as required in furtherance of the Department’s mandate.
SELECTION CRITERIA
Including desirable skills, knowledge and experience
At least a Master’s degree in Law, plus admission to the Bar of (or diploma to practice law in) a member country; or a first university degree plus a relevant combination of academic qualification in Law (e.g. Juris Doctor (JD) plus admissionto the Bar of (or diploma to practice law in) a member country of the Bank;
Possess at least 5 years of relevant professional experience with an established law firm or an international financial institution, with in-depth experience in major international financial transactions;
Proven competence in either International banking and finance, Project Finance, Private Equity, Development and/or Public International Law;
Excellent negotiation skills and demonstrated ability to work under pressure and deliver within tight deadlines;
Possess a versatile multi-disciplinary skills-set, an ability to work in a multi-cultural environment and effective communication, team building, inter-personal, writing and analytical skills;
Ability to communicate and write effectively in English and/or French, the ability to work in both languages is an added advantage; and,
IT Competence in the use of standard software such as MSWord, Power Point, Excel and Internet Explorer.
OPERATIONS ASSISTANT, ICA
To provide supportive administrative and operational services to the ICA Unit in the NEPAD, Regional Integration and Trade Department. To assist all the staff in the unit in the preparation and monitoring of all administrative and operational work related to the budget, consultants’ contracts, and organization of events, data management and documentation services. The Operations Assistant will be supervised by the Coordinator of ICA.
DUTIES AND RESPONSIBILITIES
The level of responsibility associated with the position requires the Operations Assistant to work independently, and with a high degree of diplomacy and sensitivity for confidential issues. The main duties and responsibilities of the Operations Assistant are listed here below:
Assists with the preparation of annual working calendar and quarterly mission programme;
Maintains and monitors consultants’ shortlists, letter of invitation, contracts, correspondence letters, performance evaluations, summary data sheets, invoices and payment records;
Manage the Accounting records of the ICA Special Fund
Set up Forms and systems for the efficient operation of the Division’s activities;
Arrange travel and related logistics for staff travel and missions.
Work with the Task Managers and the Coordinator to prepare annual work program and budget
Manage consultancy recruitment and payment processes
Prepare missions and travel arrangements for the Coordinator, Task Managers and consultants;
Prepare and coordinate all ICA members meeting and other meetings/seminars or events as recommended by the Management;
Handle any other task as assigned by the Coordinator.
SELECTION CRITERIA
Including desirable skills, knowledge and experience
At least a Bachelor’s degree or BTS in Economics, Finance, Business Administration, or other related field;
At least five (5) years of progressively responsible operational and administrative experience, preferably with AFDB
Should be well versed with AfDB System of management of payments (SAP etc.)
Strong client orientation with commitment to results on the ground and operational experience;
Excellent interpersonal and communication skills and demonstrated ability to communicate ideas effectively;
Excellent computer skills: Word, Excel, PowerPoint, etc.;
Excellent verbal and written communication skills in English and/or French. A good working knowledge of the other language would be an added advantage.
TO APPLY
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DUE DATE: 21 July, 2015