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: Division Manager - Loan Accounting (FIFC4)
Reference: ADB/18/152
Location: Côte d’Ivoire
Grade: PL2
Position N°: 50092464
The Complex
- The Vice Presidency for Finance (FIVP) 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/Division
- The primary objective of the Loan Accounting Division is to administer the loan, grant and guarantee portfolios of the Bank Group as well as the portfolios of Funds under management by the Bank.
The Position
- Lead the planning, implementation and supervision of the division's vision, goals, strategies and work plan in support of overall AfDB goals.
- Formulate financial policies and practices relating to loan accounting, billing and recovery and advise the Director on loan administration matters.
Duties and Responsibilities
Under the general supervision of the Director, Financial Control Department, the Duties and Responsibilities are as follows:
- Oversee the quality of work and ensure the achievement of objectives of the division with regard to loan accounting and the management of loan information. Support external and internal relations, coordination and consultation initiatives for the department. Provide guidance on day-to-day operational issues and compliance with AfDB policies.
- Provide leadership in planning, implementation and supervision of work plans as well as monitor the quality of output and the achievement of long term goals and annual objectives for the division.
- Provide leadership in professional and operational matters, taking the lead in contributing new or innovative approaches to policy and operational issues.
- Lead the review and subsequent implementation of improvements to loan administration systems, policies and procedures to promote accuracy of information and efficiency in processing while maintaining appropriate internal controls.
- Promote coordination and liaise with other multilateral development banks (MDBs) in harmonizing loan administration operations.
- Supervise and control the recording of loan/grant transactions by exercising financial controls in accordance with the financial regulations and generally accepted accounting standards.
- Supervise timely preparation of the bi-monthly, monthly, quarterly and annual loan-related documents, statistics and financial reports for Management and the Boards.
- Liaise with the Financial Controller and Internal/External Auditors of the Bank Group and providing responses to their queries.
- Participate in various Bank committees and represent the Department at meetings concerning financial, accounting and information technology matters.
- Undertake the performance management of the division, including motivation of division staff.
- Manage budget and resource allocation for the division, ensuring efficient allocation and utilization of resources, including staffing and training requirements.
- Perform other duties as assigned by supervisor.
Selection Criteria
Including desirable skills, knowledge and experience:
- Hold at least a Master's degree in Finance, Business administration, Economics, Statistics or related quantitative discipline;
- At least eight (8) years of broad-based professional experience in accounting, financial control, project administration, or financial management.
- Knowledge of financial products;
- Knowledge of financial modelling;
- Hands-on experience in the development, configuration and management of complex Enterprise resource planning (ERP) systems;
- Proficient in the use of SAP CML and FI;
- Knowledge of key concepts around the accounting treatment of lending instruments;
- Analytical and systematic with strong numerical skills and attention to detail and ability to plan and coordinate schedules to meet deadlines;
- Ability to communicate effectively (written and oral) in English or French with a good working knowledge of the other language.
Application Closing Date
9th September, 2018
Method of Application
Interested and qualified candidates should:
Click here to apply online
Note: This position is classified international status and attracts international terms and conditions of employment.