Principal, Disbursements and Dues

2 weeks ago

Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time
Role Purpose


To provide support on day-to-day activities related to the treasury operations including SWIFT System, disbursements, collection of revenues/repayments, monitoring of uncollected revenues and doubtful debt while developing related reports.

Key Functional Accountabilities and Activities

Disbursements:

  • Track and maintain control over upcoming treasury payments and initiate their payment request.
  • Execute the final signed/approved disbursement requests received from the concerned functions via SWIFT System.
  • Generate and obtain approval for Disbursement of Treasury existing Deals (derivatise, placements, financing) exchanged forms in accordance to the signed agreements.
  • Follow up Treasury counterparts for the schedules pertaining to payments. Communicate and manage the relationship with the back office of treasury counterparts.
  • Maintain and organize record in hard/soft files for every payment executed and schedules exchanged.

Repayments/Collections:

  • Regular monitoring of ICD's bank accounts and capture the received amounts related to the Treasury, financing and investment deals.
  • Generate and obtain approval for the settlements/collections of Treasury Deals (derivative, placements, financing.) exchanged forms in accordance to the agreements.
  • Follow up Treasury counterparts for the schedules exchange and confirmations.
  • Generate repayment schedule for each disbursement and for any subsequent rescheduling agreement in the system.
  • Generate repayment invoices/reminders to be sent to clients.
  • Maintain and organize record in hard/soft files for every receipt and schedules exchange.

System:

  • Use the SWIFT system to prepare SWIFT messages ensuring the successful and timely processing of disbursements and other messages.
  • Generate Payment Instructions and Receiving Instructions in the system.
  • Generate the repayment schedule for each disbursement in the system.
  • Generate settlements in the system for the receipts and payments.
  • Update the system with the applicable floating rate and approved rescheduling for required deals.
  • Coordinate with IT to solve system issues and generate reports.

Reports:

  • Generate Treasury Flash Report and Cash Balance report for the Treasury Operations.
  • Generate the Derivatives valuation report.
  • Generate adhoc reports.
Qualifications/ Professional Experience

  • At least 3 year(s) of experience in banking environment / financial institutions, preferably in Treasury Backoffice role in emerging markets.
  • Bachelor's degree in Finance, Accounting, Business Administration or similar discipline is a must.
  • Master's degree in Finance, Accounting, Business Administration or similar discipline or a professional certificate in Management Accounting (CMA), Certified Public Accountant (CPA) or any additional relevant professional certifications is required.
Behavioral and Technical Competencies

Core Behavioral Competencies:

  • Innovation and Initiatives
  • Change Management
  • Developing People Capability
  • Partnership Management
  • Strategic Thinking
  • Self-Effectiveness

Technical Competencies:

  • Knowledge of Repayment Issue
  • Knowledge of all Operating Systems
  • Knowledge of Sharia'h Law and Islamic Finance
  • Knowledge of SWIFT System

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