Disbursement Officer at The Islamic Development Bank (IsDB)
Islamic Development Bank is recruiting for field disbursement officer.
Kindly note that recruitment at Islamic Development Bank (IsDB) is free and Career Acada will never ask you to pay or influence this job.
The Islamic Development Bank (IsDB) 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
Job Code: IDB2483 Location: Abuja, Nigeria 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.
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.
Allocate disbursement commitments to relevant contract and ensure timely completion of the disbursement.
Key Accountabilities (not exhaustive list)
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
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
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
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
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