Recent Job Vacancies at The Islamic Development Bank (IDB), 25th June, 2018

⏲ Jun 25, 2018, 6:59 PM
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The Islamic Development Bank (IDB) is a multilateral development bank (MDB) which funds its projects and other developmental activities using Islamic finance. Hence, the name “Islamic”. Founded in 1975, the IsDB is headquartered in Jeddah, the Kingdom of Saudi Arabia. The purpose of the Bank is to foster economic development and social progress of its member countries. We are recruiting to fill the position below: Job Title: Field Disbursement Officer - Regional Hub of Abuja Ref No: IDB2062 Location: Abuja Business Unit: Finance Complex Division: Dues & Disbursements Department: Financial Control Department Job Purpose

Review and verify operational disbursement requests and documentation in regional hub in coordination with project management unit or equivalent agency.
Determine whether the disbursement request should be approved, reduced or rejected in accordance with Bank’s policies and procedures.
Allocate disbursement commitments to relevant contract and ensure timely completion of the disbursement. Maintain accurate and complete records relating to regional hub’s project accounting activities, coordinate with respective parties for resolution of disbursement related problems.
Provide support to negotiations, mission preparation, and disbursement workshops.

Key Accountabilities Dues and Disbursement Management:

Process disbursement requests from project management unit or equivalent agency in the regional hub to verify and determine the appropriateness of requests and supporting documents for the disbursement in accordance with Bank’s policies and procedures
Liaise with regional hub management and executing agencies and borrowers, in the resolution of disbursement related problems
Draft clear and concise correspondence to project management unit or operational staff regarding disbursement related issues
Monitor utilization of Special Accounts, ensuring that the funds are properly accounted for and used in accordance with Bank procedures
Participate in project missions to verify use of project finances and resolve disbursement issues
Participate in technical discussions and new project negotiations to ensure that disbursement arrangements are compliant with Bank’s disbursement policies
Prepare periodic reports on disbursement activities and disbursement projections for the regional hub for management
Maintain reliable and timely financial records for project accounting and reporting on the performance of the portfolio with special focus on approval, disbursements, cancellations and recoveries in the regional hub
Participate in reconciliation of project balances and issuance of project statements to Member Countries (i.e. reconciling borrowers’ and the bank’s records)
Prepare and update repayment schedules, prepare billing statements and track the repayment of amounts due and overdue in the regional hub

Financial Analysis:

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 in regional hub
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

Job Requirements Academic qualifications:

Bachelor's degree in Accounting, Finance, Economics, Business Administration or related field is required
CPA, ACCA, CMA or an equivalent certification is preferred

Languages:

English (mandatory)

Minimum number of years and nature of experience:

4-6 years of relevant experience in finance and accounting
ERP, procurement and audit experience is preferred

Job specific competencies:

Adaptability
Building Relationships
Client Centricity and Responsiveness
Motivation to Learn and Share
Passion for Excellence
Analytical Thinking
Communication Effectiveness
Drive for Results
Knowledge, Learning and Communication
Problem Solving
Stakeholder Management / Client Orientation
Teamwork
Bank Knowledge
Financial Analysis
Financial Management
Financial Reporting
Accounting
Project Management
Project Documentation

Interested and qualified candidates should:Click here to apply Job Title: Field Procurement Officer - Regional Hub of Abuja, Nigeria Ref No: IDB2058 Location: Abuja Job Purpose

Carry out duties related to the planning, implementing and monitoring of project procurement related activities within the locations associated with the regional hubs to fulfill the needs of the Bank.
This role ensures effective compliance to procurement guidelines for the successful preparation, appraisal and implementation of approved projects.

Key Accountabilities Policies, Procedures & Processes:

Implements the policies and procedures contained in the procurement Guidelines of the Bank.
Provide Technical advice to the project officers in preparation of project procurement Plans.
Contribute to the development of procurement policies and procedures considering Member Countries’ needs, IDB Group priorities and observed trends among similar MDBs.

Project Procurement Management:

Extend the Project Procurement Facilitation and Implementation Support for improved quality at entry, implementation and at completion in-order to improve quality in project delivery.
Provide support in risk assessment in projects as per the procurement Guidelines and follow-up with concerned parties in-order to maintain acceptable risk mitigation measures.
Support in the elaboration of project concept notes, preparation and appraisal of projects in-order to provide the required advice on procurement matters.
Organize project start-up workshops, conduct staff briefings and provide necessary support for the country portfolio.
Review and clearance, as the case may be, of Procurement Documents (RfP, BD, PQD, EoI, GPN, SPN…) received from beneficiaries and ensure its compliance with IDB requirements.

Customer Service:

Contribute in resolution of procurement issues from various stakeholders, including those related to input in complaints handling as per the guidelines, in-order to deliver the bank’s required levels of service in all interactions with stakeholders.

Capacity Development:

Contribute in the capacity development of concerned stakeholders through organizing and preparing specialized workshops on project procurement policies and procedures as per the procurement guidelines of IDB, both internally and externally.

Reporting:

Contribute in preparation of Country Procurement Assessment Reports (CPAR), Country Portfolio Performance Review (CPPR) & Project Procurement Audit Reports.
Prepare periodic briefs on procurement related issues in-order to ensure concerned parties are briefed regularly on project activities.

Job Requirements Academic qualifications: