IDB2848 - Financial Management Specialist

Role Purpose

Key Accountabilities and Activities

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

Job Requirements

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 Academic qualifications 

Languages

• English (mandatory)

• French & Arabic (preferred)

Location

IDB HQ Offices - Jeddah, Kingdom of Saudi Arabia

Travel requirements