IDB3297 – Principal, Disbursements and Dues – ICD

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.

• 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.