African Development Bank (AfDB) established to strengthen dialogue between the Bank and the Government, is recruiting to fill the below position:
Job Title: Chief Loan Accounting Officer, FFCO.4
Reference: ADB/16/014
Location: Nigeria
Grade: PL-3
Position N°: 50000815
Objectives
- The objective of the Loan Accounting Division (FFCO.4) is to formulate and enforce loan accounting, billing and recovery policies of the Bank Group.
- In addition, the Division maintains the Bank Group’s loan accounting records, prepares and issues bills for loan repayments and follows up loan arrears procedures and disseminates loan related financial statistics.
- Lastly, it assists borrowers in understanding the loan accounting, billing and collection procedure.
Duties and Responsibilities
Under the general supervision of the Division Manager, FFCO.4, the incumbent will:
- Conceptualize, design and implement financial models, processes and other analytical methodologies to evaluate reasonableness of conduct in-depth analysis on and report on the Bank Group loan/grant portfolio.
- Apply analytical tools to produce realistic and reliable long-term disbursement and loan income forecasts, sensitivity analyses and focused financial information. Information is used for Bank wide planning purposes.
- Formulate and evaluate financial policies and lending products as they relate to loan accounting, billing and collection.
- Formulate policies, strategies and guidelines in the area of loan accounting.
- Prepare various reports and documents for Senior Management and the Board.
- Carry out advanced analytical accounting and financial modeling using spreadsheets and the application of statistical theory.
- Develop methodologies and processes for assessing and analyzing risks embedded in the Bank’s loan portfolio.
- Control, coordinate and verify significant production jobs such as statement of loans and grants; loan amortization schedules, procurement statistics, maturity structure and currency composition of outstanding loans.
- Prepare the department’s contribution to the Annual Report and the annual Rating Agency Review booklet.
- Review the Business Processes and adapt them to loan accounting requirements.
- Conduct independent research and analyses on loan accounting issues, identify problems, propose solutions and make recommendations to Management.
- Coordinate and supervise system development, provide detailed system specifications, monitor progress and test completed product for accuracy.
- Participate in Asset Liability Management Committee Deliberations and bank wide committees and inter departmental working groups on loan accounting and related issues.
- Execute other responsibilities as assigned.
Selection Criteria
Including desirable skills, knowledge and experience
- At least a Master's degree in a quantitative discipline (Economics/Econometrics, Statistics, Operations Research, Finance or Mathematics), or MBA/Master with strong quantitative focus.
- A minimum of seven (7) years of relevant experience.
- Excellent grasp of Financial Management concepts.
- Strong analytical skills. Ability to analyze raw data, draw conclusions, and develop actionable recommendations.
- Good working knowledge of SAP R/3, specifically in the area of Finance and Treasury.
- Knowledge of or experience in the analysis of large data sets to find useful relationships.
- Extensive hands-on interaction with computer systems and analytical tools.
- Competence in the use of Bank standard software applications (Word, Excel, Access and PowerPoint).
- Ability to communicate (write and speak) effectively in English and/or French, with a good working knowledge of the other language.
Application Closing Date
17th February, 2016.
How to Apply
Interested and qualified candidate should:
Click here to apply online