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Financial Management Specialist

2 months ago

Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time
{"h3": "Job Purpose

", "p": "To review and update financial terms and operational conditions of projects financed by the Islamic Development Bank. Analyze the operations portfolio with a focus on approvals, disbursements, cancellations, dues, and repayments to improve operations financing.

", "ol": [{"li": "Verify project basic data against terms in financing agreements and ensure accurate entry in the ERP system."}, {"li": "Process disbursement requests from project management and ensure conformity with project procedures."}, {"li": "Coordinate with Country Programs Complex and Legal Department on financial terms and operational conditions."}, {"li": "Prepare repayment schedules for dispatch to paying agencies."}, {"li": "Liaise with member countries to ensure prompt reconciliation of balances and follow-up of overdues."}, {"li": "Post accounting entries related to dues and assist in reconciliation."}, {"li": "Monitor, invoke, reduce, and release repayment guarantees provided by beneficiaries."}], "h3": "Key Accountabilities

", "p": "", "ol": [{"li": "Assess and validate financial and operations data for integrity and analytical purposes."}, {"li": "Perform specific analyses of financial or operating data and submit recommendations for Management consideration."}, {"li": "Analyze current project status and identify problem areas for concerned departments."}, {"li": "Participate in standard and ad hoc analyses to meet management objectives."}], "h3": "Policies, Processes & Procedures

", "p": "", "ol": [{"li": "Participate in drafting policies and procedures as per management instructions."}, {"li": "Provide guidance on IDB policies and procedures interpretation and regulations applicable to operations financing."}, {"li": "Analyze and identify gaps and suggest improvements to policies or procedures for effective operations."}], "h3": "Reporting & Communication

", "p": "", "ol": [{"li": "Prepare ad-hoc reports as required by management."}], "h3": "Academic and Professional Qualifications

", "p": "", "ol": [{"li": "Bachelor's degree in Accounting, Finance, Economics, Business Administration, or related field required."}, {"li": "CPA, ACCA, CMA, or equivalent certification an advantage."}, {"li": "Minimum 5 years of experience in project finance and accounting required."}, {"li": "ERP and procurement experience preferred."}], "h3": "Skills & Necessary Knowledge

", "p": "", "ol": [{"li": "Building Relationships"}, {"li": "Passion for Excellence"}, {"li": "Analytical Thinking"}, {"li": "Knowledge, Learning, and Communication"}, {"li": "Problem Solving"}, {"li": "Bank Knowledge"}, {"li": "Financial Analysis"}, {"li": "Financial Management"}, {"li": "Financial Reporting"}, {"li": "Accounting"}, {"li": "Project Management"}, {"li": "Project Documentation"}]