Senior Loan Accounting Clerk (GS6)/ Loan Accounting Assistant (GS7) at African Development Bank (AfDB)

African Development Bank (AfDB) - In September 1964, a group of Africans met in Khartoum, Sudan, to ratify the multinational agreement to set up the African Development Bank. They were representing the continent's newly formed twenty-five governments. They had the same mission and bore the same hope. Their hope was to see the new institution contribute to the continent's development and unity.

By this act, Africa was taking its destiny into its own hands in the early 1960s. From the very early stages, and often with reference to major market networks of pre-colonial Africa, its leaders had designed the institution so that it would be one hundred percent African. Africa wanted to be in charge of its own destiny and wanted to be distant from the ideological and linguistic divides of the time. Thus, the African Development Bank (AfDB) was created.

African Development Bank (AfDB) is recruiting to fill the position below:

Job Title: Senior Loan Accounting Clerk (GS6)/ Loan Accounting Assistant (GS7)

Reference: ADB/15/016
Location: Nigeria
Grade: GS6; GS7

Duties and Responsibilities
Under the general supervision of the Loan Accounting Officer of the Section the incumbent will:

• Verify and validate the accuracy of loan conditions in SAP by analyzing the related loan agreement and ensure that bills are processed according to the correct due dates and loan terms.
• Control the billing cycle to ensure completeness and timely processing of all loan bills.
• Identify and register loan repayment ensuring correct application of funds.
• Verify the bi-monthly arrears position of Borrowers, and monitor the swift system for prompt identification and processing of overdue loan repayments.
• Prepare, on a regular basis, draft correspondence to Borrowers providing their arrears and sanctions position indicating their negative implication both on the Borrowers and the Bank.
• Analyze Borrowers’ queries and prepare preliminary justification for appropriate response; prepare for transmission Borrowers audit confirmation of their loan/guarantee status, summary ledgers and other related information.
• Maintain orderly physical loan files with copies of critical documents justifying the entries in the loan accounts as well as correspondence with the borrowers and other departments within the Bank.
• Participate in loan reconciliation and project supervision missions in conjunction with the portfolio management division.
• Carry out other duties as requested by the Division Manager and the supervising Loan Accounting officer.

Selection Criteria
Including desirable skills, knowledge and experience:

• At least a Bachelor degree or equivalent in Finance, Business Administration, Accounting, Banking or related field.
• Minimum of four (4) years for the GS6 and five (5) years for the GS7 of relevant professional experience.
• Strong analytical skills and an eye for detail.
• Thorough familiarity with the full range of the Bank’s financial products and procedures.
• High level skills in communication and documentation;
• Excellent written and verbal communication skills in English and/or French, with a working knowledge of the other language. Excellent customer service.
• Competence in the use of Bank standard software (Word, Excel, Access and PowerPoint) and the ability to use SAP R/3 specifically in the areas of TR is required.

Application Closing Date
10th March, 2015.

How to Apply
Interested and qualified candidates should:
Click here to apply online