- Position title: Principal Loan Accounting Officer- Financial Control Deparment (FFCO)/Loan Accounting Division (FFCO.4)
- Grade: PL-4
- Position N°: NA
- Reference: ADB/12/220
- Publication date: 11/10/2012
- Closing date: 26/10/2012
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:
- Ensure effective internal control around loan accounting and reporting, including ensuring the accuracy of General Ledger suspense accounts relating to loans and grants;
- Design, review and enforce the policies and guidelines for loan accounting, billing and repayment;
- Prepare documentation on the procedures for billing and repayment and provide technical assistance and training to Bank staff and borrowers on loan accounting policies and the applicable rules for sanctions in case of arrears;
- Prepare billing statements in accordance with loan agreements 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 Operations and Legal departments;
- Ensure complete and accurate recording of loan/grant transactions (cancellations, disbursements, repayments);
- Prepare various reports and documents, including projections of loan repayment and interest income, for Senior Management, the Board and Borrowers;
- 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; and formulate guidelines on the relating booking processes.
- Participate in Asset Liability Management Committee Deliberations and bank wide committees and inter departmental working groups on loan accounting and related issues.
- Coordinate and supervise system development, providing detailed system specifications, monitoring progress and testing completed product for accuracy.
- Execute other responsibilities as assigned.
Selection Criteria
Including desirable skills, knowledge and experience
- At least a Master's degree and/or a professional qualification in finance, accounting , business administration, or related discipline ;
- Minimum 6 years relevant professional experience;
- Excellent grasp of Financial Management concepts;
- Thorough familiarity with wide range of financial products;
- An enhanced capacity for result-orientation including the ability to analyze and summarize, team spirit, and well developed client orientation skills;
- 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, and external counterparts;
- Ability to communicate effectively (verbally and in writing) in English and/or French, with a working knowledge of the other language.
Document download
Apply online
- Submitted by: Harold Akingbade-Taylor, OIC, CHRM.1
- Approved by: Harold Akingbade-Taylor, OIC, 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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