Closing date: Tuesday, 29 October 2019

Business Unit: Finance Complex

Division: Dues & Disbursements

Department: Financial Control Department

Contract type: Fixed Term Contract

Country: Egypt

Location: Egypt - Cairo

Closing date: 29-Oct-2019

Job Purpose: Review and verify operational disbursement requests and documentation in regional hub in coordination with project management unit or equivalent agency. Determine whether the disbursement request should be approved, reduced or rejected in accordance with Bank’s policies and procedures. Allocate disbursement commitments to relevant contract and ensure timely completion of the disbursement. Maintain accurate and complete records relating to regional hub’s project accounting activities, coordinate with respective parties for resolution of disbursement related problems. Provide support to negotiations, mission preparation, and disbursement workshops.

Key Accountabilities (not exhaustive list):

Dues and Disbursement Management

Process disbursement requests from project management unit or equivalent agency in the regional hub to verify and determine the appropriateness of requests and supporting documents for the disbursement in accordance with Bank’s policies and procedures

Liaise with regional hub management and executing agencies and borrowers, in the resolution of disbursement related problems

Draft clear and concise correspondence to project management unit or operational staff regarding disbursement related issues

Monitor utilization of Special Accounts, ensuring that the funds are properly accounted for and used in accordance with Bank procedures

Participate in project missions to verify use of project finances and resolve disbursement issues

Participate in technical discussions and new project negotiations to ensure that disbursement arrangements are compliant with Bank’s disbursement policies

Prepare periodic reports on disbursement activities and disbursement projections for the regional hub for management

Maintain reliable and timely financial records for project accounting and reporting on the performance of the portfolio with special focus on approval, disbursements, cancellations and recoveries in the regional hub

Participate in reconciliation of project balances and issuance of project statements to Member Countries (i.e. reconciling borrowers‘ and the bank’s records)

Prepare and update repayment schedules, prepare billing statements and track the repayment of amounts due and overdue in the regional hub

Financial Analysis

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 in regional hub

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 qualifications

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

Aptitude for figures and attention to detail

CPA, ACCA, CMA or an equivalent certification is preferred

Languages

English (mandatory)

Tags accounting and reporting executing agencies financial management financial reporting procurement project accounting project finance project management reconciliation special accounts

Arabic (mandatory)

Minimum number of years and nature of experience

At least 5 years of direct relevant experience in finance and accounting

ERP and procurement experience is preferred

Audit experience would be an advantage

Job specific competencies

Other requirements

Adaptability

Building Relationships

Client Centricity and Responsiveness

Motivation to Learn and Share

Passion for Excellence

Analytical Thinking

Communication Effectiveness

Drive for Results

Knowledge, Learning and Communication

Problem Solving

Stakeholder Management / Client Orientation

Teamwork

Bank Knowledge

Financial Analysis

Financial Management

Financial Reporting

Accounting

Project Management

Project Documentation

The position is only applicable for Egyptian national or citizen of Sudan, Lebanon, Jordan, Iraq, and Syria