Principal, Disbursements and Dues

2 weeks ago

Jeddah, 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 ad-hoc 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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