The OPEC Fund for International Development Job Recruitment for Loan Management Officer 2022 Recruitment application form is currently ongoing for all interested and qualified persons to apply or register using the steps and guidelines provided in this article below
The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are: Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.
We are recruiting to fill the position below:
Job Title: Loan Management Officer
Location: Austria
Job Profile
- The Loan Management Officer is responsible for planning and executing disbursements, issuing collection and settlements, posting loan repayments, interest income, and other relevant fees, non-performing loans, and maintaining accurate records of transactions in the loan accounts, all in accordance with the institutional strategy and framework.
Key Roles
Monitoring and Review:
- 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; prepare 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.
- Completes 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 the relevant loan account registry.
- Identifies follows up and reports loans in arrears.
- 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; prepares loan statements, and advice on debit/credit, among others, where necessary, for use by the borrowers.
- Determines applicable interest rate for floating rate loans and issues interest rate setting notice.
Reporting:
- Prepares standard and ad-hoc financial reports.
Coordination:
- Coordinates with relevant departments, units and officers to ensure the correctness and consistency of data in the information system.
- Cooperates with the Operations Departments to ensure that the impact of new financial products on financial operations is duly considered prior to implementation.
- Participates in cross-departmental projects.
Minimum Qualifications
- Candidate must possess a Master’s Degree in Finance / Business, majoring in Accounting, Financial Control, Business Administration or other relevant fields
- Preferably 2 – 3 years of experience in an international development institution
- Fluent in English. Good working knowledge of French, Arabic, German or Spanish is an added advantage.
- Preference for a recognized accounting / finance certification such as the CA or CPA
- A minimum of 5 years relevant professional experience
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
- 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.
- 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
How to Apply for The OPEC Fund for International Development Recruitment
Interested and qualified candidates should:
Click here to apply
How you will be updated regularly