Treasury Assistant, FITR.1 at the African Development Bank Group (AfDB)

⏲ Sep 12, 2024, 10:42 PM
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African Development Bank Group (AfDB) - Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth

We are recruiting to fill the position below:

Job Title: Treasury Assistant, FITR.1

Position Number: 50000896
Location: Abidjan, Cote d'Ivoire
Position Grade: GS8

The Complex

The Vice Presidency for Finance oversees the financial management of the Bank Group. This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.

The Hiring Department

The Treasury department is responsible for raising funds from capital markets, managing and investing the Bank Group’s liquidity and shareholders’ funds, processing and settling all financial transactions and managing the institution’s banking relationships.
Under the supervision of the Director, Treasury Department, the Capital Markets and Subscriptions Division is responsible for the implementation and execution of the African Development Bank’s annual borrowing program, providing guidance and supervising the management of subscriptions to the capital of the Bank, the African Development Fund and the Multilateral Debt Relief Initiative (MDRI).
The function also requires advising and contributing to technical discussions related to the Bank’s capital increases, replenishments of ADF, rating review and financial policies.

The Position
Reporting to the Division Manager - Capital Markets and Subscriptions Division, the Treasury Analyst responsibility is to:

Assist in the Management of Subscriptions to the Multilateral Debt Relief Initiative (MDRI):
Assist in the Management of Subscriptions to the African Development Fund (ADF) /African
Development Bank (ADB)
Assist in borrowing related activities
Prepare reports and data

Key Functions
The Treasury Assistant will carry out the following functions:

Monitor, process and record Instrument of commitments. payments and encashments
Prepare and update payment and encashment schedules
Compute NPV based accelerated encashment credits or discounts
Update reports on the status of subscriptions, payments and encashments
Work on the design of the MDRI subscription system
Maintain the MDRI data base, ensuring integrity of data
Update the process manual
Operate and update subscription system to ensure the completeness and integrity of data.
Work on the implementation of the ADF Subscription system
Maintain the ADF database
Prepare the voting powers statements
Ensure that Pricing Supplements are reviewed and signed on a timely basis
Ensure that the borrowing process, as spelled out in the borrowing procedure manual, is adequately followed.
Monitor calls on borrowing.
Ensure the trade ticket is signed by all the relevant parties.
Follow up with the dealer and trader for the receipt of the pricing supplement related to the transaction.
Monitor, process and record instrument of subscriptions, payments and encashment
Prepare and update payment and encashment schedules
Compute Net Present Value based accelerated encashment credits or discounts
Maintain the subscriptions database
Update the process manual
Send pricing supplement to divisions for review and then to the IPA and rating agencies
Participate in the preparation of the Bank's financial Presentation booklet for the Annual Meetings.
Participate in the preparation of the Bank's annual borrowing program for Board approval.
Monitor the Bank's key financial ratios.
Prepare periodic reports and data as required by the Division Manager and/or Director of Treasury
and perform any other activities assigned from time to time as related to this function including
the downloading and publishing of the Bank's exchange rates and the preparation of Power Point presentations.

Competencies (Skills, Experience, and Knowledge)

Minimum of a Bachelor’s Degree or its equivalent in Finance or other related disciplines.
Have a minimum of six (6) years of relevant practical working experience in the finance sector.
Excellent customer service.
High level skills in communication and organization.
Excellent written and verbal communication skills in English and/or French, with a working knowledge of the other language.
Competence in the use of Bank standard software (word, excel, VBA, Access and powerPoint).
Strong planning and organizational skills.
Strong customer service skills, ability to multitask and attention to detail.
Good knowledge of the subscription management processes.
Knowledge of basic finance (bonds, swaps, time value of money)