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Senior Loan Accounting Officer - Loan Accounting Division

7:46:00 PM
  • Grade: PL-5
  • Position N°: NA
  • Reference: ADB/11/104
  • Publication date: 25/05/2011
  • Closing date: 14/06/2011

Objectives

The Loan Accounting Division is responsible for the preparation of bills on all loans of the Bank Group, for the follow up of such bills and any related matters: repayments to customer accounts, sanctions policies, compilation of various loan-related statistics. A primary goal of this position is to ensure the accuracy, relevance, timeliness and transparency in the reporting of loan related transactions of the African Development Bank Group.

Duties and responsibilities

Under the general supervision of the Division Manager FFCO.4, the incumbent will:

  • Design, review and enforce the policies and guidelines for Loan accounting, billing and repayment.
  • Prepare documentation on the procedures for billing and repayment and educate borrowers in billing and repayment procedures and in the applicable rules for sanctions in case of arrears.
  • Prepare billing statements and track the repayment of amounts due for principal, interest commitment fees.
  • Monitor the rules and sanctions applicable to borrowers in case of default in repayment of Bank loans and ensure their application in collaboration with the Operation and Legal departments.
  • Ensure complete and accurate recording of loan/grant transactions (cancellations, disbursements, repayments).
  • Compile various financial statistics on the administration of loans for inclusion in financial statements and for Board distribution.
  • Provide technical assistance and training to Bank staff and borrowers on loan accounting policies
  • Prepare and update projections for loan repayments/interest income.
  • Interact with the Treasury department, particularly regarding the identification of loan repayments; including debt relief (e.g. HIPC) flows.
  • Ensure cooperation with operational departments, including regional offices, to improve the level of repayment on loans.
  • Liaise, on a proactive basis, with other departments in the development of new Bank products or services, to ensure that implementation details are properly considered.
  • Perform other ad hoc assignments assigned by management, including the preparation of briefs and papers on loan accounting

Selection Criteria

Including desirable skills, knowledge and experience

  • At least a master’s degree or equivalent in finance, accounting, audit and/or professional qualifications in related disciplines.
  • Minimum of 5 years relevant professional experience.
  • Excellent grasp of Financial Management concepts.
  • Thorough familiarity with the full range of the Bank’s financial products and procedures.
  • An enhanced capacity for result-orientation including the ability to analyze and summarize, team spirit, and client orientation are highly desirable traits.
  • Competence in the use of standard software used in the Bank (Word, Excel, Access and PowerPoint) and the ability to use SAP R/3 specifically in the areas of FI or TR is an asset.
  • Strong interpersonal and cross-cultural skills to lead and operate as part of a team and to interact effectively with staff, Management, Board Members, staff of other international organizations, and external counterparts
  • Ability to communicate (write and speak) effectively in English and/or French, with a working knowledge of the other language.

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Senior Loan Accounting Officer - Loan Accounting Division (228 KB)

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Apply for this position

To apply for this position, you need to be national of one of AfDB member countries.

  • Submitted by: Mohamed Youssouf, Division Manager, CHRM.1
  • Approved by: Gemina Archer-Davies, Director, CHRM

Only applicants who fully meet the Bank's requirements and are being considered for interview will be contacted. Applicants will only be considered if they submit an online application, and attach a comprehensive Curriculum Vitae (CV). The AfDB President reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply: www.afdb.org/jobs

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