Position title: Senior Loan Accounting
Officer
Grade: PL 5
Position N°: NA
Reference: ADB/11/104
Publication date: 01/08/2011
Closing date: 16/08/2011
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.
Document download
To apply for this position,
you need to be national of one of AfDB member countries.
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
