Lead Principal, Fi Financing

4 days ago

Jeddah, Saudi Arabia Islamic Development Bank Full time

Role Purpose
Improve private enterprises’ access to financing in member countries by originating, processing and structuring Lines of Financing (LOF) programs and Guarantees with partner FIs and corporates in member countries in accordance with ICD's strategy and business targets.
Key Functional Accountabilities and Activities*
Developing Financial Channels: *
- Identify opportunities to enhance development impact across ICD member countries by providing an array of Line of financing, Guarantees and alternative financing products and services to Financial Institutions, Non-Banking Financial Institutions, corporates, Government owned entities and sovereigns in compliance with Policies and Procedures.
- Identify and examine opportunities towards expanding ICD’s reach to markets and/or client base by capitalizing on new/existing channels to support the various sectors by providing credit and project finance products.
- Identify and assess gaps in the member countries’ markets then develop products to fit that need.
- Recommend ways to develop and enhance LOF, Guarantees and alternative financing products / services in accordance with identified channels and regional targets.

**Transaction Origination and preparation of credit proposals**:

- Maintain relationships with member country governments, sovereign entities, regulatory bodies and other private stakeholders in order to develop client origination and sourcing strategy.
- Identify potential LOF transactions to FIs, Non-Banking Financial Institutions, corporates, Government owned entities etc.
- Propose and execute client origination and sourcing strategy, taking into consideration target countries, products, sectors, and development goals.
- Assist the Division head in the preliminary appraisal to assess the feasibility and viability of potential LOF transactions and alignment with ICD’s strategy and development objectives, taking into consideration experience from previous transactions as applicable.

**Project Appraisal & Approval**:

- Obtain necessary client and project documents and details in order to conduct a proper appraisal of the project.
- Conduct proper KYC & Compliance check, commercial due diligence of the clients and assess the full business potential, risks and opportunities associated with the project in cooperation with its alignment with ICD’s policies and guidelines in coordination with ICD’s ecosystem (risk, legal, sharia etc. functions), taking into consideration the client’s ability and willingness to comply with ICD’s standards and practices.
- Identify/ Outline any gaps and recommend actions that need to be taken by the client to close the gaps.
- Process and present the credit financing proposals to the investment committee (IC), ensuring proper review and coordination with ICD’s ecosystem, including risk, legal, development effectiveness and Shariaa functions, and obtain necessary approvals as applicable.
- Coordinate with legal function and client to ensure that legal documents are prepared and duly executed as per the transaction structure and that the facility is declared effective for disbursement.
- Execute and track disbursement transactions as per the project structures.
- Initiate and participate in the negotiations with the client and conduct relevant activities, including but not limited to project timeline and disbursement cycles & criteria, working alongside Regional offices and IsDB entities where and when beneficial.
- Coordinate with all required parties to ensure that legal documents are prepared and duly executed as per the transaction structure and that the facility is declared effective for disbursement
- Work in conjunction with and support the Portfolio Management team post-project handover to maintain portfolio quality.
- Provide quality assurance on deliverables, internal documentation and reports used for internal investment processing purposes.
- Engage with the client and other relevant stakeholders in deal structuring and financialization of the term sheet as per the guidelines of the IC.
- Perform the necessary tasks and processes in order to secure the required approvals of ICD for investment opportunities that are feasible

**Monitoring & reporting**:

- Participate and prepare for evaluation, structuring and execution of transactions up to the first disbursement and hand over to the Portfolio Management team.
- Provide the Portfolio Management team necessary support in subsequent disbursements, waivers, amendments, periodic evaluation etc. throughout the life of the LOF facility.
- Follow-up with clients and co-financiers to ensure compliance with effectiveness conditions and process the first drawdown requests internally to facilitate timely disbursements.
- Transfer investment files to the Portfolio Management team after the first disbursement and provide support on ongoing basis.
- Actively engage with the clients to understand their requirements for additional funding to sup

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