Finance Officer, Loan Management (5561)

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 109 approved Members worldwide. We are capitalized at USD100 billion and AAA rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

The Loan Management Unit under the Office of the Controller (CTL) advises front office project teams and participates in the planning for disbursement arrangements throughout an investment project cycle, ensuring consistency with the results of fiduciary assessments and compliance with relevant guidelines and procedures; reviews and approves disbursement requests in a timely manner; and assists the CTL Front Office with technical loan operation matters for private and sovereign sector clients.

The Finance Officer will work with the Loan Management Unit and will focus on the Bank’s back office operations on financial products (primarily loans, but may also include equity investments, guarantees and other financing products). The role is primarily for a professional whose specialty area is in multilateral development bank (MDB) back office sovereign operations, but consideration may also be given to candidates who have experience in commercial banking or nonsovereign operations.

Responsibilities:

1.           Loan/financial products disbursement management

a.           Update and implement relevant disbursement policies and manuals and actively contribute to establishing effective and efficient disbursement processes.

b.           Work closely with project teams to ensure that critical fiduciary aspects of loans and financial products are fully considered when transactions are prepared.

c.           Review and provide inputs to the design and implementation of loans and financial products, including preparing disbursement letters and performing related aspects of disbursement functions, and assisting clients select loan terms and conditions.

d.           Monitor disbursement arrangements to assess whether they remain adequate and advise the project team of any needed changes.

e.           Promote leading MDB loan and grant disbursements and administration practices to ensure process efficiency and optimum client service.

f.            Liaise with other MDBs and commercial banks on coordination and cooperation in the areas of disbursement management and operations.

g.           Review and approve disbursement requests in line with the Bank’s disbursement policies and procedures.

h.           Provide subject matter expert knowledge and guidance to juniorstaff in the team. 

i.            Ensure all relevant loan and grant related accounting entries are recorded in the Loan Management system in a timely and accurate manner.

j.            Ensure all period end closing activities are performed so as to allow the timely and accurate preparation of the Bank’s financial statements.

2. Loan/financial products portfolio management

a.           Monitor disbursement performance, including maintaining and updating the disbursement database and providing disbursement reports as needed.

b.           Review and process Billing Statements and loan repayments in line with the Bank’s Debt Servicing policies and procedures.

c.           Review and process refunds of loans and financial products proceeds as needed.

d.           Review and process loan and financial product cancellations caused by savings or other reasons.

e.           Together with project teams, close loans, and financial products in a timely and appropriate manner.

f.            Monitor lapsed loans and take appropriate actions accordingly.

g.           Conduct trainings and workshops on loan and financial product disbursements and administration for borrowers.

3. Agent of Change

a.           Understand and apply the principles of change management and proactively serve as a role model for transformation and capacity for acceptance of change.  Use their knowledge of financial products and lending budgeting, enterprise resource planning (ERP) and other information technology to develop, analyze and promote acceptance of innovative approaches in terms of policies and business approaches.

b.           Assist in developing and implementing Loan Management systems.

Requirements:

•            Minimum 5-8 years of relevant work experience in the field of banking and loan operations gained from prior positions with financial institutions, with MDB work experience highly desirable.

•            Robust knowledge of loan management over the full life cycle of loans.

•            Self-motivated and able to build internal and external relationships to ensure seamless processes.

•            Proven ability to work efficiently within teams and effectively communicate for results.

•            Proven ability to manage multiple projects with competing deadlines.

•            Demonstrated experience of financial loans & grants system implementation is a plus; and

•            Excellent oral and written communication skills in English.

•            Master’s degree in finance, accounting, or related fields.

AIIB is committed to diversity, transparency and inclusion. We believe our strength comes from having a team with the right diverse skills, experiences and abilities selected through a merit-based competitive process. We actively encourage applications from people from both within and outside AIIB members, regardless of nationality, religion, gender, race, disability or sexual orientation.

Previous experience and qualifications will determine the grade and job title at which successful applicants will enter AIIB.

Join us and help create a prosperous and sustainable Asia while growing your career in a diverse and innovative environment.