Principal, Direct Finance

7 months ago


Jeddah, Saudi Arabia Islamic Development Bank Full time

Role Purpose

The Principal, Direct Financing Division is expected to actively contribute and participate in the tasks and processes of deal origination, structuring, due diligence, negotiation, credit approval, coordination for financing documentation & completion of conditions precedents, etc. The specific geographical and sectoral scope of the role will be determined in the due course depending on the evolving needs of the Division.

The Direct Financing Division of ICD handles Islamic debt financing to all real sectors and non-financial services sector clients of ICD. The Division's geographical scope includes all 56 Member Countries (MCs) of ICD. The sectoral scope includes but not limited to manufacturing, agribusiness, infrastructure, energy, power, water, mining, contracting & other services etc.

Key Functional Accountabilities and Activities
**Project Sourcing & Origination**:

- Originate new bankable deal opportunities that are in line with the risk appetite of the Corporation and target market sheet of the Banking Department.
- Maintain relationships in the ICD MCs and outside, as required, to promote ICD's term direct finance products, services and highlighting ICD's value proposition.
- Propose and execute client origination and sourcing strategy including identification of target countries, target products, target sectors and development goals.
- Collect Know Your Customer (KYC) documents from the clients and work closely with the Legal & Compliance Department for their required compliance clearance.
- Participate in carrying out the client onboarding process.
- Actively participate and support as appropriate the supervisor/head in the preliminary appraisal stage to assess the feasibility of potential financing proposals / projects in alignment with ICD's credit appetite, strategy and development objectives.
- Participate in the preparation and negotiation of mandate letters with the client and have the same executed after obtaining necessary internal clearances.

**Project Appraisal & Approval**:

- Obtain necessary client and project documents and details to prepare a transaction proposal.
- Coordinate internally and externally to ensure selection and appointment of external advisers to support the due diligence and documentation.
- Undertake preliminary review of potential financing proposals, run preliminary rating exercise through Credit Lens, develop a financing concept document for preliminary concept/endorsement by the Technical Review Committee (TRC). In this regard, work closely with the client, financial advisor (if any), Mandated Lead Arranger -MLA (if any), ICD's Risk Management Department (RMD), ICD's Legal & Compliance Department (LCD), Development Effectiveness Officer (DEO), ICD's Sharia'a Advisor, Treasury (Pricing Sub-Committee) etc.
- Initiate and participate in the negotiations with the client and conduct relevant activities, including but not limited to project timeline and disbursement cycles & criteria.
- Work closely with the deal team members (both in HQ and Regional Offices), other co-financiers, clients, financiers' and client's external advisers etc. for effective due diligence, credit proposal and smooth execution.
- Work closely with Risk Management Department, Legal & Compliance Department, Strategy Department, Shariah, Development Effectiveness in order to process a transaction proposal for the final approval.
- Actively contribute towards the preparation and presentation of the credit financing proposals to the Technical Review Committee (TRC), Investment Committee (IC), and Executive Committee/Board ensuring proper review and coordination with ICD's Risk, Legal and Sharia'a functions and obtain necessary approval/endorsement as applicable.
- Coordinate with all required parties to ensure that legal documents are reviewed, prepared and duly executed as per the transaction structure and that the facility is declared effective for disbursement.
- Coordinate with Risk Management Department for obtaining clearance on the Closing Memo and arranging the signing of agreement documents.
- Work closely with the Legal Advisors, Clients, Agent Bank and other Advisors (if any), for the completion of the CPs for first disbursement (Effectiveness).
- Handover to the Portfolio Management Division (PMD) once Effectiveness is declared.
- Work in conjunction with and support the Portfolio Management Division post-project handover to maintain portfolio quality.

**Monitoring & Reporting**:

- Participate and prepare for evaluation, structuring and execution of transactions up to the first disbursement and hand over to the Portfolio Management.
- Follow-up with clients and co-financiers to ensure compliance with effectiveness conditions and process the first drawdown requests internally to facilitate timely fund disbursements.
- Transfer investment files to the Portfolio Management Team after the first disbursement and provide support on ongoing basis.

**Stakeholder Management


  • Finance Director

    6 months ago


    Jeddah, Saudi Arabia KornFerry International Full time

    Korn/Ferry International Jeddah, Saudi ArabiaPosted 2 hours ago Permanent Competitive Salary - J- Posted by - Jeff French- RecruiterFollow **Company**: Welcome to our established International Group, a conglomerate that proudly represents a diverse array of companies across multiple sectors. With our origins dating back to the mid-'50s, we have grown into a...

  • Dir-finance-c

    7 months ago


    Jeddah, Saudi Arabia Marriott International, Inc Full time

    **Job Number** 24099626 **Job Category** Finance & Accounting **Location** Four Points by Sheraton Jeddah Corniche, Cornich Road, Jeddah, Saudi Arabia, Saudi Arabia VIEW ON MAP **Schedule** Full-Time **Located Remotely?** N **Relocation?** N **Position Type** Management **JOB SUMMARY** Functions as the property’s strategic financial business...


  • Jeddah, Saudi Arabia Hilton Full time

    The role aims to be recognized as a trusted advisor in the hotel/hotels. This role supports the finance lead to attract and retain best-in-class finance professionals. This role assists in developing their finance team and enables them to Thrive. The role communicates with impact, ensures a robust control and compliance environment, and supports to enable...


  • Jeddah, Saudi Arabia Islamic Development Bank Full time

    Role Purpose The role is responsible for due diligence, deal selection & structuring the FIs equity investment deals in accordance with the overall investment and risk guidelines. Responsible for developing in-house methodology and expertise in nurturing FIs constituting the investment portfolio and to monitor portfolio performance backed by effective...

  • Credit Controller

    6 months ago


    Jeddah, Saudi Arabia Chalhoub Group Full time

    **INSPIRE | EXHILARATE | DELIGHT** For over six decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. The Group, in its endeavour to excel as a hybrid retailer, has reinforced its distribution and marketing services with a portfolio of eight owned brands and over 300 international brands in the luxury, beauty,...


  • Jeddah, Saudi Arabia Marriott International, Inc Full time

    **Job Number** 24109873 **Job Category** Finance & Accounting **Location** Assila a Luxury Collection Hotel Jeddah, Prince Mohammed Bin Abdulaziz Street, Jeddah, Saudi Arabia, Saudi Arabia VIEW ON MAP **Schedule** Full-Time **Located Remotely?** N **Relocation?** N **Position Type** Management **JOB SUMMARY** The Assistant Controller manages the...


  • 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...


  • Jeddah, Saudi Arabia Islamic Development Bank Full time

    Role Purpose The role is responsible for: - Sourcing and managing new and existing partnerships that will support ICD in achieving its mandate. - Plan, develop, implement, and monitor strategic partnerships with MDBs, DFIs, IFIs, IOs and other key development partners and private sector institutions. - Stakeholder value maximization and business-incentive...


  • Jeddah, Saudi Arabia Islamic Development Bank Full time

    Role Purpose To help in developing end to end credit approval process, implement credit risk models and methodologies for determining exposure limits for all counterparts and providing broad risk parameters pertaining to other risk variables. Key Functional Accountabilities & Activities **Credit Risk Assessment**: - Assess the risk of all new financing...

  • Commercial Manager

    6 months ago


    Jeddah, Saudi Arabia Parsons Full time

    Parsons is looking for an amazingly talented **Commercial Manager **to join our team! In this role you will get to Develops, manages, and/or executes all estimating activities for one or more of the large, most complex and demanding projects. This level of Estimator draws upon extensive experience and exposure to various types of projects and clients **What...


  • Jeddah, Saudi Arabia Holiday Inn Full time

    **A little taste of your day-to-day**: - Use financial analysis, data trends and market information to anticipate needs, identify operating/financial issues, and recommend actions to maximize financial return. - Create the annual operating budget for the property and provide analytical support during budget reviews to identify cost-saving and productivity...


  • Jeddah, Saudi Arabia King Faisal Specialist Hospital and Research Centre Full time

    Participates in designing and executing clinical research tasks required for research and/or clinical protocols; coordinates and participates in various complex activities involved in collecting, compiling, documenting, and analyzing clinical research data under the direction of a Principal Investigator or Project Leader. **Essential Responsibilities and...

  • Administrator-on-duty

    6 months ago


    Jeddah, Saudi Arabia King Faisal Specialist Hospital and Research Centre Full time

    Ensure that all routine Hospital operational activities during off duty hours, weekends, and holidays are performed in accordance with the hospital policies and Administrative requirements. Acts upon matters of urgent nature, which could not be postponed until normal duty hours for Hospital Administration. Serves as the principal contact person on behalf of...

  • Clerk-night Audit

    6 months ago


    Jeddah, Saudi Arabia Marriott International, Inc Full time

    **Numéro de l'Emploi** 23173155 **Catégorie d'Emploi** Finance & Accounting **Lieu** Assila a Luxury Collection Hotel Jeddah, Prince Mohammed Bin Abdulaziz Street, Jeddah, Saudi Arabia, Saudi Arabia AFFICHER SUR LA CARTE **Horaire** Full-Time **Situé à distance ?** N **Mutation?** N **Type de Poste** Non-Management **Résumé des fonctions** -...

  • Soft Services Manager

    6 months ago


    Jeddah, Saudi Arabia Domo Ventures W.L.L. Full time

    Position /Title**:Soft Services Manager** Location**: Kingdom of Saudi Arabia** **Responsibilities**: - Responsible for supervisors training, evaluation of work and to maintain and improve the standards of the department. - Manage the daily activities of the Janitorial department to include appropriate cleaning of all offices, concourses, seating areas,...


  • Jeddah, Saudi Arabia Islamic Development Bank Full time

    Role Purpose - Assist in the implementation of the ORM framework including preparing related policies and procedures, engaging business units in identification and assessment of risks in the business processes, assessment of controls instituted to mitigate those risks, working with business units to strengthen controls, monitoring operational risks,...

  • Senior Legal Counsel

    6 months ago


    Jeddah, Saudi Arabia Islamic Development Bank Full time

    Job Purpose Responsible for carrying out a wide range of relatively complex legal assignments and providing senior level legal expertise and advice on legal issues related to the IsDB's business activities, including public and private sector financings (including Public Private Partnership and non-sovereign guaranteed financing), special and trust funds,...


  • Jeddah, Saudi Arabia Bupa Arabia Full time

    Assist Finance and Sales resources in identifying previously unidentified debtor payments (Corporate and Retail) for receipt issuing and allocation, - Allocate all customers payments accurately and promptly to the correct customer account statements, whether cheques or bank transfers, to specific invoices / customers accounts (Corporate and Retail, Premium...


  • Jeddah, Saudi Arabia Islamic Development Bank Full time

    Job Purpose Lead development and structuring of innovative financial products for the Bank’s financing, funding, and hedging activities. Review the structure of IDB funding instruments and develop structures to meet the need of proper asset-liability and liquidity management while remaining compliant with shariah principles. Support the needs of other...


  • Jeddah, Saudi Arabia Hilton Full time

    Accounts Receivable Accountant OTC The role aims to be recognized as a trusted finance team member. This role supports the finance lead in all training and development activities to develop best-in-class finance professionals and assists in developing their finance team. This role supports a robust control and compliance environment and contributes to...