IDB3313 - Financial Management Specialist

Business Unit: Finance & CFO
Division: Dues and Disbursements
Department: Financial Control Department
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 17-May-2024

Job Purpose:

To Review and update financial terms and operational conditions of projects financed by the Bank. Analyze the operations portfolio with special focus on approvals, disbursements, cancellations, dues, and repayments, with a view to improving operations financing.

Key Accountabilities:

Dues and Disbursement Management:

  • Verify project basic data against terms in the relevant financing agreements and ensure all parameters are accurately entered in the ERP (SAP) system.

  • Process all disbursement requests from project management unit or equivalent agency, end-to-end, and ensure conformity with project disbursement procedures.

  • Coordinate with Country Programs Complex and Legal Department on financial terms and operational conditions of projects financed by the Bank.

  • Prepare tentative and final repayment schedules for dispatch to paying agencies.

  • Liaise with member countries to ensure prompt reconciliation of balances, and follow-up of overdues as well as forthcoming dues.

  • Post all accounting entries related to dues in timely manner and assist in the reconciliation exercise.

  • Ensure proper monitoring, invocation, reduction and release of repayment guarantees provided by beneficiaries.

Financial Analysis:

  • Assess and validate financial and operations data for integrity and analytical purposes.

  • Perform specific analyses of financial or operating data and submit recommendations for consideration of Management.

  • Analyze the current projects status and identify any problem areas that warrant attention of the concerned departments.

  • Participate in standard and ad hoc analyses to meet variety of management objectives.

Policies, Processes & Procedures:

  • Participate in drafting policies and procedures as per management instructions.

  • Provide guidance on interpretation of IDB policies and procedures, and regulations applicable to operations financing.

  • Analyze and identify gaps and suggest improvements to policies or procedures for more effective operations.

Reporting & Communication:

  • Prepare ad-hoc reports as and when required by management.

Academic and professional qualifications:

  • Bachelor’s degree in Accounting, Finance, Economics, Business Administration or related field is required.

  • CPA, ACCA, CMA or an equivalent certification is an advantage.

  • Minimum 5 years of experience in project finance and accounting.

  • ERP and procurement experience is preferred.

Skills & Necessary Knowledge:

• Building Relationships

• Passion for Excellence

• Analytical Thinking

• Knowledge, Learning and Communication

• Problem Solving

• Bank Knowledge

• Financial Analysis

• Financial Management

• Financial Reporting

• Accounting

• Project Management

• Project Documentation


  • English - Mandatory

  • Arabic - Preferred

  • French - Preferred