Financial Management Specialist

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Description

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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:

• 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

Source: https://www.isdbcareers.com/careers/isdb/VacancyDetail.aspx?VacancyID=168871

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