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  • Posted: May 24, 2022
    Deadline: Not specified
  • The OPEC Fund for International Development is a development finance institution established by the member countries of OPEC in 1976 as a channel of aid to other developing countries.
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    Loan Management Officer

    Location: Austria

    Job Profile

    • The Loan Management Officer is responsible for planning and executing disbursements, issuing collection and settlements, posting loan repayments, interest income, and other relevant fees, non-performing loans, and maintaining accurate records of transactions in the loan accounts, all in accordance with the institutional strategy and framework.

    Duties and Responsibilities
    Monitoring and Review:

    • Reviews and validates financial terms and conditions of loans, guarantees and grants.
    • Ensures timely and accurate update of data pertinent to loan terms and conditions in the information systems; prepare loan-billing statements for front-end fees and other origination fees.
    • Verifies the application of arrears sanctions in accordance to the Fund’s policy.
    • Reviews withdrawal applications to ensure compliance with the Fund’s disbursement procedures and contractual obligations prior to payment.
    • Initiates the execution of outgoing payments for loan disbursements, equity investments, and grants.
    • Verifies that disbursements are promptly and correctly posted in the information system; prepares loan statements, and advice on debit/credit, among others, where necessary, for use by the borrowers.
    • Determines applicable interest rate for floating rate loans and issues interest rate setting notice.
    • Completes periodic reconciliation of SAP/CML loan subsidiary accounts with the general ledger, as well as follow up on all outstanding items.
    • Manages the issuance, amendment and cancellation of reimbursement guarantees to commercial banks in consultation with the Fund’s General Counsel & Legal Services and Operations Departments.
    • Analyzes, reviews, and timely issues loan claim letters to borrowers.
    • Tracks repayments due and reconcile allocation of incoming payments through Fund’s accounts and the respective postings in the relevant loan account registry.
    • Identifies follows up and reports loans in arrears.


    • Prepares standard and ad-hoc financial reports.


    • Coordinates with relevant departments, units and officers to ensure the correctness and consistency of data in the information system.
    • Cooperates with the Operations Departments to ensure that the impact of new financial products on financial operations is duly considered prior to implementation.
    • Participates in cross-departmental projects.

    Qualifications and Experience

    • Master’s Degree in Finance / Business, majoring in Accounting, Financial Control, Business Administration or other relevant fields 
    • Preference for a recognized accounting / finance certification such as the CA or CPA 
    • A minimum of 5 years relevant professional experience 
    • Preferably 2 - 3 years of experience in an international development institution
    • Fluent in English. Good working knowledge of French, Arabic, German or Spanish is an added advantage.


    • Strong analytical thinking: Ability to use complex analytical techniques to break down problems into pieces and see the complex relationship among them, develop alternatives and calculates the cost/benefit analysis.
    • Team player & demonstrate leadership: ability to value and encourage other members to actively participate in the team
    • Ability to define priorities and set targets, to take decisions based on these and to evaluate the effectiveness of the decisions taken
    • Knowledge of financial accounting; knowledge of exchange rate policies; knowledge of taxation and the design of fiscal regimes for resource extraction
    • A good understanding of the Fund’s operations (particularly the areas of public and private sector, grants operations and trade financing)
    • Proven track record of debt relief and concession issues & put it into excellence in execution and performance
    • Familiar with SAP-CML Enterprise Resource Planning (ERP) systems with a high degree of integration.

    Method of Application

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