Asset Manager
About the Private Infrastructure Development Group
At the Private Infrastructure Development Group (PIDG), we get infrastructure finance moving and multiplying – accelerating climate action and sustainable development where most urgently needed. We work with public and private partners to bridge financing gaps, directing capital and expertise into projects that promote climate resilience and sustainable growth. Working throughout the project lifecycle, we reduce financial risk, transform markets, and build local capacity, creating a deep and lasting impact.
We are a group of companies that work together to improve lives throughout south and south-east Asia and Africa. Active since 2002, more than 50% of our investments have been either in countries classified as Least Developed Countries or Fragile and Conflict Affected States. These are the countries where infrastructure gaps are the largest and most urgent and where the population is youngest and growing fastest. These are also the countries that contributed the least to climate change and yet are suffering the worse impacts, in some of the regions with the richest biodiversity left on the planet, which is quickly being depleted.
Building on a pioneering track record of integrating climate and inclusion considerations in infrastructure investment, we launched our 2030 strategy in 2023, which makes action on climate and nature, together with sustainable development through new and improved infrastructure, the central purpose of all we do.
About the Role
The PIDG Project Development Arm provides catalytic leadership capital to share the risks of early-stage project development with competent sponsors (co-developers). We invest equity in projects and companies at early and later stages and we possess in-house asset management capability to ensure projects move smoothly through construction into operation.
As an integral part of the Asset Management team of the PIDG Project Development Arm in Asia (InfraCo Asia), the Asset Manager (AM) reports to the Senior Asset Manager and is responsible for the successful construction and operation of those infrastructure project companies where the Project Development Arm retains an interest beyond Financial Close. The Asset Manager is also expected to safeguard the Project Development Arm’s reputation and investment in projects.
Main Responsibilities
Overseeing construction and operations of projects:
- Develop a strong network of EPC contractors, O&M businesses, financiers, government agencies and other related organisations to support the construction and operation of infrastructure projects across the relevant geographies (in South Asia and South East Asia);
- Set an annual plan, budget and Key Performance Indicators (KPIs) for projects under construction/operation and actively track progress against these metrics;
- Oversee construction and engineering activities on the Project Development Arm’s assets, including monitoring and reporting on delivery against milestone plans and budgets;
- Partner with the project company to identify and mitigate risks to the Project Development Arm during construction and operations;
- Oversee the set-up of operational and governance systems and monitor their effectiveness, identifying areas for improvement and overseeing changes as needed;
- Undertake site-visits to check the progress of construction and/or operations activities against the project company’s plan: identify and recommend solutions for any issues; engage with key stakeholders; and prepare a site-visit report for circulation internally;
- Review the project company’s corporate finances and accounts, liaising with and providing information to the Portfolio Finance Managers as required;
- Develop and monitor exit strategies for the Project Development Arm’s projects, balancing recycling capital while demonstrating fiscal sustainability and maximising project development arm’s return on investment
- Understand the commercial structure of the projects and develop a risk matrix based on key project documents.
Safeguarding interests of the Project Development Arm:
- Champion diversity, inclusion (D&I) and climate initiatives within the project companies: identifying opportunities to ‘do more’ without undermining the commerciality or effectiveness of the core infrastructure/asset; monitoring the implementation of community and/or D&I initiatives to ensure that promises are kept; supporting evaluation programmes and continuous improvement;
- Champion robust Health, Safety, Environmental and Social (HSES) practices: reviewing proposed HSES Management Systems and working with the HSES function to ensure these are fit-for-purpose, implemented robustly and their effectiveness regularly reviewed;
- Regularly reporting HSES metrics, escalating HSES incidents in a timely manner and (together with the HSES function) providing whatever support may be required to investigate serious accidents and put mitigating actions in place;
- Represent the Project Development Arm as director on the boards of SPVs and project companies (as may be nominated by the senior management team (SMT) of the Project Development Arm from time to time). Provide timely updates to the SMT and relevant functional team members on project related matters (including project progress updates, funding requests, update of documents in the Project Development Arm's repository).
Leadership
- Mentor junior members of the team, supporting their personal development within the Company;
- Ensuring timely and accurate reporting of the Company’s internal Project and Portfolio management systems;
- Demonstrate a thorough understanding of the Group’s strategy, ensuring new investment proposals are fully aligned;
- Represent the Asset Management team and Project Development Arm at conferences or other external events;
- Promote best practices and standards by addressing common challenges typically encountered during project development and construction;
- Act in all circumstances as an ambassador of PIDG’s Project Development Arm, displaying and demonstrating the highest ethical and moral standards, while effectively managing and controlling budgets and expenditure in accordance with the Group and Project Development Arm’s policies and procedures.
Qualifications and education requirements
- Have a degree and/or professional qualification in a relevant discipline such as engineering, finance, or economics from a reputable university; MBA or other master’s degree in related discipline is preferred.
Skills and Experience
- Demonstrate solid experience in project assessment, design, project management (construction and operational phase), asset management, investment strategy, corporate decision making in a dynamic and fast paced multinational environment;
- Have a proven track record of delivering infrastructure projects from financial close through to construction, operation, and exit;
- Demonstrate experience with project-financed/concession-financed projects, preferably through construction or operational phases;
- Possess over 10 years of experience working on projects under construction and/or independently managing delivery of construction activities, managing operational infrastructure/assets in South Asia/South East Asia;
- Familiarity with the IFC Performance Standards on Environmental and Social Sustainability, particularly with respect to HSES management in developing countries and hands-on experience with the documentation and specification of such requirements for compliance by consultants and works contractors;
- Have credibly engaged and built strong partnerships with both private and public-sector organisations in South Asia and South East Asia;
- Ability to present clearly and succinctly to a range of both internal and external audiences;
- Ability to analyse and interpret project finance models and understand funding terms would be preferred;
- Fluency in English and any of the local languages in South Asia/South East Asia would be advantageous.
Interested applicants, please send your detailed, updated resume to [email protected].
All applications will be treated with strictest confidence. We regret that only shortlisted applicants will be contacted.
PIDG is an equal opportunities employer and values the diversity of all its employees, associates, owners, service providers and customers.
