• Reviews and validates financial terms and conditions of loans, guarantees and grants.
• Ensures timely and accurate update of data pertinent to loan terms and conditions in the information systems; prepares loan-billing statements for front-end fees and other origination fees.
• Verifies the application of arrears sanctions in accordance to the Fund’s policy.
• Reviews withdrawal applications to ensure compliance with the Fund’s disbursement procedures and contractual obligations prior to payment.
• Initiates the execution of outgoing payments for loan disbursements, equity investments and grants.
• Verifies that disbursements are promptly and correctly posted in the information system; prepare loan statements, advice on debit/credit, among others, where necessary, for use by the borrowers.
• Determines applicable interest rate for floating rate loans and issue interest rate setting notice.
• Coordinates periodic reconciliation of SAP/CML loan subsidiary accounts with the general ledger, as well as follow up on all outstanding items.
• Manages the issuance, amendment and cancellation of reimbursement guarantees to commercial banks in consultation with the Fund’s General Counsel & Legal Services and Operations Departments.
• Analyzes, reviews and timely issues loan claim letters to borrowers.
• Tracks repayments due and reconcile allocation of incoming payments through Fund’s accounts and the respective postings in relevant loan account registry.
• Identifies, follows up and reports loans in arrears.
• Prepares schedules and contributes to periodic reports for disclosure in the Fund’s financial reports and for use by the Fund’s Management and Governing Board.
• Contributes to preparation and maintenance of the general framework of the Fund’s loan repayment management activities as defined by the Director, Financial Administration and/or the ADG, Financial Operations Department.
• Cooperates with the Operations Departments to ensure that the impact of new financial products on financial operations is duly considered prior to implementation.
• Coaches and coordinates with other members of the Loan Management group and participation in cross-department projects.
• Develops and mentors less experienced staff.
• Coordinates with relevant departments, units and officers to ensure the correctness and consistency of data in the information system.
• Assists the Director, Financial Administration in the planning of the Unit, and recommend measures to ensure efficient timely distribution of workload across the unit.
• Carries out other tasks assigned by the Director that are related to the job function.
Qualifications and Experience
• Master’s degree in Finance/ Business, majoring in Accounting, Financial Control, Business Administration or other relevant fields
• Preference for a recognized accounting/finance certification such as the CA or CPA
• A minimum of 10 years relevant professional experience
• Preferably 3-5 years of experience in an international development institution
• Fluent in English. Good working knowledge of French, Arabic, German or Spanish is an added advantage.
Competencies
• Strong analytical thinking: Ability to use complex analytical techniques to break down problems into pieces and see the complex relationship among them, develop alternatives and calculates the cost/benefit analysis.
• Team player & demonstrate leadership: ability to value and encourage other members to actively participate in the team
• Ability to define priorities and set targets, to take decisions based on these and to evaluate the effectiveness of the decisions taken
• Knowledge of financial accounting; knowledge of exchange rate policies; knowledge of taxation and the design of fiscal regimes for resource extraction
• A good understanding of the Fund’s operations (particularly the areas of public and private sector, grants operations and trade financing)
• Proven track record of debt relief and concession issues & put it into excellence in execution and performance
• Familiar with SAP-CML Enterprise Resource Planning (ERP) systems with a high degree of integration.
Apply at: https://careers.opecfund.org/job/Senior-Loan-Management-Officer/728235402/