Senior Loan Accounting Officer at African Development Bank - AfDB

Reference: ADB/19/036
Location: Côte d’Ivoire
Position N°: 50078354
Grade: PL5

The Complex

• The Vice Presidency for Finance (FIVP) oversees the financial management of the Bank Group.
• This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.

The Hiring Department/Division

• The primary objective of the Loan Accounting Division is to administer the loan, grant and guarantee portfolios of the Bank Group and other Funds managed by the Bank.

The Position

• Under the guidance and supervision of the Division Manager, the Senior Loan Accounting Officer will administer loans, grants and guarantees of the Bank Group and other special funds managed by the Bank in compliance with appropriate policies, regulations and guidelines.
  

Duties and responsibilities
The Senior Loan Accounting Officer will for a an assigned group of countries:

• Ensure the integrity of loan/grant portfolio data and transactions by confirming relevant Loan/Grant data relating to approvals, signature, cancellations re-activations and financial terms;
• Verify the accuracy of bills and ensure that principal and charges billed are in compliance with the financial terms specified in the loan agreements;
• Identify and record loan repayments, initiate currency purchase requests, ensure correct application of funds received; and make appropriate recommendations to Borrowers with respect to any excess funds or shortfalls;
• Examine and validate the bi-monthly arrears position of Borrowers, the monthly list of Borrowers under sanctions and lift sanctions for Borrowers on prompt identification and receipt of sufficient additional loan repayments;
• Ensure effective internal control around loan accounting and reporting; 
• Ensure the accuracy of General Ledger suspense accounts relating to lending products;
• Conduct debt reconciliation mission in RMC’s
• Provide training to Borrowers and Bank Staff to ensure familiarity with applicable loan accounting policies and procedures;
• Conduct quality assurance on the work done by Loan Accounting Assistants;
• Perform other duties as assigned by the Division Manager.

Selection Criteria
Including desirable skills, knowledge and experience:

• A Master's degree and/or a professional qualification in Finance, Accounting, Business administration or related quantitative discipline;
• At least five (5) years of relevant experience in applying financial concepts and managing a wide range of financial products;
• Knowledge of ADB and ADF lending products and choices of repayment terms
• Strong client focus with good interpersonal skills and the ability to collaborate and work with others across and outside the Bank;
• Strong quantitative skills with attention to detail and numerical accuracy;
• Proficient in the use of Bank’s IT systems such as SAP CML and Microsoft tools (Excel, Word, PowerPoint, Outlook);
• Ability to communicate effectively (written and oral) in English or French with a good working knowledge of the other language.