IDB3297 - Principal, Disbursements and Dues - ICD Business Unit: ICD - Islamic Corporation for Development Division: Financial Control (ICD) Department: Finance Department (ICD) Contract type: Regular Staff Country: Saudi Arabia Location: Saudi Arabia - Jeddah Closing date: 18-Apr-2024

Role Purpose:

To provide support on day-to-day activities related to the treasury operations including SWIFT System, disbursements, collection of revenues/repayments, monitoring of uncollected revenues and doubtful debt while developing related reports.

Key Functional Accountabilities and Activities:

Disbursements:

• Track and maintain control over upcoming treasury payments and initiate their payment request.

• Execute the final signed/approved disbursement requests received from the concerned functions via SWIFT System.

• Generate and obtain approval for Disbursement of Treasury existing Deals (derivatise, placements, financing) exchanged forms in accordance to the signed agreements.

• Follow up Treasury counterparts for the schedules pertaining to payments. Communicate and manage the relationship with the back office of treasury counterparts.

• Maintain and organize record in hard/soft files for every payment executed and schedules exchanged.

  Repayments/Collections:

  • Regular monitoring of ICD’s bank accounts and capture the received amounts related to the Treasury, financing and investment deals.

  • Generate and obtain approval for the settlements/collections of Treasury Deals (derivative, placements, financing.) exchanged forms in accordance to the agreements.

  • Follow up Treasury counterparts for the schedules exchange and confirmations.

  • Generate repayment schedule for each disbursement and for any subsequent rescheduling agreement in the system.

  • Generate repayment invoices/reminders to be sent to clients.

  • Maintain and organize record in hard/soft files for every receipt and schedules exchange.

    System:

    • Use the SWIFT system to prepare SWIFT messages ensuring the successful and timely processing of disbursements and other messages.

    • Generate Payment Instructions and Receiving Instructions in the system.

    • Generate the repayment schedule for each disbursement in the system.

    • Generate settlements in the system for the receipts and payments.

    • Update the system with the applicable floating rate and approved rescheduling for required deals.

      📚 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!

    • Coordinate with IT to solve system issues and generate reports.

      Reports:

    • Generate Treasury Flash Report and Cash Balance report for the Treasury Operations.

    • Generate the Derivatives valuation report.

    • Generate ad-hoc reports.

      Qualifications/ Professional Experience:

    • At least 3 year(s) of experience in banking environment / financial institutions, preferably in Treasury Backoffice role in emerging markets.

    • Bachelor’s degree in Finance, Accounting, Business Administration or similar discipline is a must.

    • Master’s degree in Finance, Accounting, Business Administration or similar discipline or a professional certificate in Management Accounting (CMA), Certified Public Accountant (CPA) or any additional relevant professional certifications is required.

      Behavioral and Technical Competencies:

      Core Behavioral Competencies:

    • Innovation and Initiatives

    • Change Management

    • Developing People Capability

    • Partnership Management

    • Strategic Thinking

    • Self-Effectiveness

      Technical Competencies:

    • Knowledge of Repayment Issue

    • Knowledge of all Operating Systems

    • Knowledge of Sharia’h Law and Islamic Finance

    • Knowledge of SWIFT System

      Language Skills:

    • Capable of communicating in at least two of the three official working languages (Arabic, English and French) of which English is a must.