IDB3313 - Financial Management Specialist Business Unit: Finance & CFO Division: Dues and Disbursements Department: Financial Control Department Contract type: Regular Staff Country: Saudi Arabia Location: Saudi Arabia - Jeddah Closing date: 17-May-2024

Job Purpose:

To Review and update financial terms and operational conditions of projects financed by the Bank. Analyze the operations portfolio with special focus on approvals, disbursements, cancellations, dues, and repayments, with a view to improving operations financing.

Key Accountabilities:

Dues and Disbursement Management:

• Verify project basic data against terms in the relevant financing agreements and ensure all parameters are accurately entered in the ERP (SAP) system.

• Process all disbursement requests from project management unit or equivalent agency, end-to-end, and ensure conformity with project disbursement procedures.

• Coordinate with Country Programs Complex and Legal Department on financial terms and operational conditions of projects financed by the Bank.

• Prepare tentative and final repayment schedules for dispatch to paying agencies.

• Liaise with member countries to ensure prompt reconciliation of balances, and follow-up of overdues as well as forthcoming dues.

• Post all accounting entries related to dues in timely manner and assist in the reconciliation exercise.

• Ensure proper monitoring, invocation, reduction and release of repayment guarantees provided by beneficiaries.

  Financial Analysis:

  • Assess and validate financial and operations data for integrity and analytical purposes.

  • Perform specific analyses of financial or operating data and submit recommendations for consideration of Management.

  • Analyze the current projects status and identify any problem areas that warrant attention of the concerned departments.

  • Participate in standard and ad hoc analyses to meet variety of management objectives.

    Policies, Processes & Procedures:

    • Participate in drafting policies and procedures as per management instructions.

    • Provide guidance on interpretation of IDB policies and procedures, and regulations applicable to operations financing.

    • Analyze and identify gaps and suggest improvements to policies or procedures for more effective operations.

      Reporting & Communication:

      📚 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗝𝗼𝗯 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗡 𝗶𝗻 𝟮𝟬𝟮𝟯! 🌍🤝 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗡 𝟮𝟬𝟮𝟯 𝘄𝗶𝘁𝗵 𝘁𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝗨𝗡𝗛𝗖𝗥, 𝗪𝗙𝗣, 𝗨𝗡𝗜𝗖𝗘𝗙, 𝗨𝗡𝗗𝗦𝗦, 𝗨𝗡𝗙𝗣𝗔, 𝗜𝗢𝗠 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿𝘀! 🌐

      ⚠️ 𝐂𝐡𝐚𝐧𝐠𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐟𝐞 𝐍𝐨𝐰: 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐣𝐨𝐛 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐎𝐖!

      • Prepare ad-hoc reports as and when required by management.

        Academic and professional qualifications:

        • Bachelor’s degree in Accounting, Finance, Economics, Business Administration or related field is required.

        • CPA, ACCA, CMA or an equivalent certification is an advantage.

        • Minimum 5 years of experience in project finance and accounting.

        • ERP and procurement experience is preferred.

          Skills & Necessary Knowledge:

          • Building Relationships

          • Passion for Excellence

          • Analytical Thinking

          • Knowledge, Learning and Communication

          • Problem Solving

          • Bank Knowledge

          • Financial Analysis

          • Financial Management

          • Financial Reporting

          • Accounting

          • Project Management

          • Project Documentation

          Languages:

          • English - Mandatory

          • Arabic - Preferred

          • French - Preferred