Director, Economic & Infrastructure Windows

(a) Job responsibilities:

• Project Initiation, identification of bankable projects & conception, planning, scrutinizing, projects management under Economic & Infrastructure Windows from all SAARC Member States based on sound analysis with emphasis on periodic Monitoring and Evaluation. Projects must lead to regional integration and fulfilment of the SDF Charter.
• Formulation of strategies & action plan for E & I windows in consultation with CEO.
• Actively seek and solicit investment projects in the SAARC Member States and initiate with the CEO’s guidance and approval discussions with Local, National/Regional and International Banks/Funding/Development Institutions to explore and identify models to fund projects in the region.
• Responsible for exploring the possibility of funding of projects after due appraisals which meet the criterion of SDF, subject to CEO & Board approvals. Monitor the implementation of projects.
• Mobilization of funds for Economic and Infrastructure projects under the guidance of CEO.
• Project execution, documentation and monitoring all aspects of project management.
• Project e-management systems, portfolio management, virtual Project Management/Development/ and closing procedures.
• Project reporting structures and mechanism i.e. weekly, monthly, biannually and annually.
• Provide advice / inputs and recommendations to the Chief Executive Officer including proposed pricing structure to be adopted by SDF pertaining to sovereign, non-sovereign and concessional loans on project selection based on technical and commercial viability of the project including economic, infrastructure, financial and managerial aspects of the proposed project.
• Management of credit / risk & investment.
• Institute best practices and approach using international ISO standards for E&I Windows projects.
• Setting up the credit business of SDF and in particular ensure effective management of the two investment windows namely Economic and Infrastructure Windows of the Fund
• Document and update the Credit policy including limits, SDF Pricing, risk policy, project loans, credit guarantees, term sheets, the funding strategy for SDF
• Initiate discussions with reputed Rating Agencies for rating of SDF and explore different models to achieve SDF objectives for funding projects
• Work on fundraising opportunities from MDBs & strategies to be structured for raising funds from capital market.
• Explore the possibility of co-financing of projects in collaboration with national, MDBs, regional organizations to maximize development impact in keeping with Section 10(1)(vi) of the SDF charter.
• Liaison & coordination with target institutions & stakeholders in SAARC Member States under guidance of CEO.
• Prepare comparative summary on findings in comparison to MDBs, IFIs and regional banks on terms & conditions of funding mechanism.
• Development of policies and procedures along with the systems creation for project financing.

S/he shall report to the CEO and carry out any other responsibilities assigned by the CEO.

  (b) Qualification, Skills and experience required: Interested candidates must

• Certified Chartered Accountant or possess a post graduate degree in Project Management/Development//Investment/Credit/Fund Management/Finance/Business Administration/Economics from an Institution of National & International repute/recognition (higher professional degree would be an added advantage)
• Minimum of 15 years of post-qualification practical experience in core credit operations, with at least five (5) years in project financing and fund management at regional supervisory level,  
• have excellent understanding of the developmental needs of the SAARC region and be up to date with latest developments in the economic, infrastructure and financial sector
• Preference will be given to those with experience in development activities at the level combined with certain number of years in a financial institution.
• He/she should be between 40-50 years of age, and be a bona fide citizen of a SAARC Member State i.e. Afghanistan, Bangladesh, Bhutan, India, Nepal, Maldives, Pakistan, and Sri Lanka.

 (c) Remuneration:

• Net (tax free) monthly salary of US$ 4,265 per month,
• Accommodation entitlement up to a maximum rental ceiling of US$ 700 per month,
• Education allowance for two children up to class 12 or equivalent,
• Medical reimbursements for self and family,
• One time furnishing/ settlement allowance of US$ 3,000,
• Home leave passage for self & family once in 18 months and other admissible joining expenses reimbursements,
• Duty free purchase/import privileges in Bhutan.
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• Application Form