Special Assets/ Structured and Corporate Finance Lead Specialist
SCF has primary operational responsibility for the Bank's financing of non-sovereign guaranteed investment in various sectors and for the development of domestic capital markets. The Department also promotes the development of international trade and regional integration through the implementation of a trade finance reactivation program aimed to support private sector companies in the region.
The Special Assets Unit has primary responsibility for the management of non-performing and under-performing assets.
KEY RESPONSIBILITIES
Responsible for carrying out duties related to the management of non-performing and under-performing assets within the Bank’s Structure and Corporate Finance Department. Reporting to the Unit Chief of the Special Assets Unit, this position includes responsibility for:
• Leading the supervision of a portfolio of project finance and corporate finance loans and loan guarantees including loans syndicated by the Bank to private sector lenders that are distressed;
• Developing strategies that will result in maximum asset recovery;
• Seeking the support of asset recovery strategies from the Chief Risk Officer and his team;
• Leading a team responsible for the asset recovery;
• Making presentations to and obtaining approval from Management and the Board of Directors regarding the handling of special assets;
• Negotiating with counter-parties pursuant to the approved strategies;
• Managing the relationships with internal and external parties engaged in the loan program;
• Producing quarterly project review reports which include the recommendation of loan loss provisions levels;
• Ongoing identification of management information needs and use of management information tools related to special assets supervision and recommending solutions;
• Developing strategies for sharing lessons learned from recovery activities with the Department and other relevant parties;
• Providing guidance or mentoring to other investment officers; and
• Serving as Acting Unit Chief in the absence of the Unit Chief, as necessary.
Qualifications
REQUIREMENTS
Education: Master’s degree in Business Administration or equivalent.
Experience: A minimum 10 (ten) years of relevant special asset experience. Experience in executing project finance, structured finance, infrastructure transactions and projects in restructuring, refinancing, and liquidation situations is required.
Language: Fluency in English and Spanish is required. Working knowledge of Portuguese will be considered a plus.
CORE COMPETENCIES
Client Focus and Management
Focuses efforts on achieving business results through understanding and meeting internal and external client and stakeholder needs. Values the importance of providing high-quality customer service, while balancing the interests of the client and the IDB.
Innovation and Creativity
Generates innovative and creative solutions to problems that contribute to organizational effectiveness. Tries different and novel ways of approaching work to create added value in the services/products provided
Knowledge Sharing
Actively develops and shares knowledge within and outside own business area. Leverages expertise to improve organizational effectiveness and add value within sphere of influence
Collaboration and Influence
Encourages teamwork and cooperates with others to achieve mutually beneficial results. Gains the support of others for own ideas and initiatives, regardless of formal authority and organizational boundaries.
Critical Thinking and Judgment
Uses data, experience, and good judgment to make sound decisions and devise effective solutions to problems. Assesses and manages risk in own work.
TECHNICAL COMPETENCIES
Project Analysis Credit Risk Assessment: Performs financial and credit risk assessment and analytical due diligence on projects.
Project Approval and Close: Drives consensus and approvals on projects that support the mission of the IDB Group.
Negotiation and Communication: Balances different interests within IDB Group, client and stakeholder organization and negotiates agreements and terms.
Project Implementation/Supervision: Manages the implementation and execution for private sector operations, including tying project results to original strategy and providing early intervention on recovery.
Project Management: Delivers projects on time and budget within scope, with the most efficient and strategic use of available resources. Applies understanding of project management tools and methodologies.
Client Relationship Management: Develops ongoing strategic relationships with private sector partners, stakeholders and industry influencers to influence their support and contribution on current and future projects.
We offer:
• Competitive Salary
• Excellent Benefits
• Comprehensive Relocation Package (if applicable)
The IDB is committed to diversity and inclusion and to providing equal opportunities in employment.
We embrace diversity on the basis of gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, religion, and HIV/AIDs status. We encourage women, Afro-descendants and persons of indigenous origins to apply.
Primary Location
: HQ-US-Washington DC
Closing date for applications 30 Sept
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