{"id":30374,"date":"2018-05-25T13:51:56","date_gmt":"2018-05-25T13:51:56","guid":{"rendered":"https:\/\/joblistghana.com\/?p=30374"},"modified":"2018-05-25T13:51:56","modified_gmt":"2018-05-25T13:51:56","slug":"african-development-bank-currently-recruiting-2018","status":"publish","type":"post","link":"https:\/\/joblistghana.com\/african-development-bank-currently-recruiting-2018.html","title":{"rendered":"African Development Bank Currently Recruiting 2018"},"content":{"rendered":"

Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries).\u00a0 The Bank\u2019s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2013 \u2013 2022) and ensure greater developmental impact, five major areas (High 5s), all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.<\/p>\n

Job Description<\/strong><\/p>\n

Job Title:\u00a0Disbursement Assistant<\/strong><\/p>\n

THE COMPLEX:<\/strong><\/p>\n

The Vice Presidency for Finance oversees the financial management of the Bank Group. This encompasses the Bank Group\u2019s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset\/liability management for the Bank Group.<\/p>\n

THE HIRING DEPARTMENT\/DIVISION:<\/strong><\/p>\n

The Financial Control Department of the African Development Bank (The Bank) is responsible for accounting for the financial consequences of the Bank Group\u2019s transactions and decisions, and for the preparation, fair presentation and overall integrity of the internal financial reports and published financial statements. The department is also responsible for loan administration and accounting and related fiduciary responsibilities, including disbursement of funds to projects and programs financed by the Bank Group. Lastly, the department provides decision support and expertise in the development and implementation of financial control policies, operational and financial strategies and related information systems.<\/p>\n

The primary objective of the Loan Disbursement Division is to ensure compliance with key fiduciary related articles in the Agreement Establishing the African Development Bank and Fund. Ensure that adequate controls are maintained around the disbursement of Bank Group financed project.<\/p>\n

THE POSITION:<\/strong><\/p>\n

Under the general supervision of the Disbursement Officer, the Disbursement Assistant is primarily responsible for determination of the completeness of borrowers\u2019 requests in accordance with the Bank\u2019s policies and procedures, Verification of documentation and processing of disbursements or special commitment requests. The Incumbent provides support to negotiations, mission preparation, and disbursement seminars and ensure timely disbursements of proceeds from Bank Group and co-financed projects in accordance with relevant loan and protocol agreements and Bank Group policies.<\/p>\n

Duties and responsibilities<\/strong><\/p>\n

The Disbursement Assistant\u00a0 functions will\u00a0 include the following:<\/p>\n

Disbursement Transactions Processing<\/strong>:<\/p>\n

1.\u00a0 Analyze\u00a0 and\u00a0 determine\u00a0 the\u00a0 appropriateness\u00a0 of\u00a0 borrowers\u2019\u00a0 requests\u00a0 for\u00a0 disbursements\u00a0 \u00a0and\u00a0 the\u00a0 supporting documentation.<\/p>\n

2.\u00a0 Determine whether they should be approved, reduced or rejected in accordance with Bank\u2019s policies and procedures. This requires the identification of irregularities and non-compliance with Bank procedures and policies, as well as highlighting circumstances for further investigation where \u00a0the Bank may be exposed to financial risk .<\/p>\n

3.\u00a0 Review and recommend changes to disbursement systems, policies and procedures to promote timeliness, accuracy and efficiency in processing while maintaining appropriate internal controls.<\/p>\n

4.\u00a0 Draft clear and concise correspondence to borrowers of operational staff on disbursement-related issues.<\/p>\n

5.\u00a0 \u00a0Process special commitment amendments and prepare amendment letters.<\/p>\n

Project Management<\/strong><\/p>\n

6.\u00a0 Respond to questions from Task Team Leaders, borrowers, commercial banks, and suppliers on payments, balances, and application status.<\/p>\n

7.\u00a0 Cooperate with concerned departments and stakeholders to resolve disbursement issues promptly.<\/p>\n

8.\u00a0 Monitor borrowers\u2019 utilization of special account funds, ensuring that the funds are properly accounted for and used in accordance with Bank procedures.<\/p>\n

9.\u00a0 Participate in loan disbursement missions to verify use of resources and resolve disbursement issues.<\/p>\n

10.\u00a0 Contribute to improving the efficiency of disbursement operations by ensuring that records and reports are properly maintained and updated at all times.<\/p>\n

11.\u00a0 Participate in technical discussions and loan negotiations to ensure that disbursement arrangements are compliant with Bank Group disbursement policies.<\/p>\n

12.\u00a0 Provide\u00a0 input\u00a0 on\u00a0 audit\u00a0 reviews,\u00a0 and\u00a0 monitor\u00a0 borrower \u00a0compliance\u00a0 with\u00a0 audit\u00a0 findings,\u00a0 as\u00a0 requested\u00a0 by\u00a0 the Disbursement Officer.<\/p>\n

Capacity Building<\/strong><\/p>\n

13.\u00a0 Provide input into the training of Executing Agencies, Projects, and Bank Staff.<\/p>\n

14.\u00a0 Participate in the design of materials for disbursement seminars.<\/p>\n

15.\u00a0 Respond to questions regarding disbursement procedures.<\/p>\n

16.\u00a0 Answer questions from Task Team Leaders, borrowers, commercial banks, and suppliers on payments, balances, and application status.<\/p>\n

17.\u00a0 Coach and mentor new Disbursement Assistants (DAs) on disbursement procedures.<\/p>\n

Departmental\/Divisional Tasks<\/strong><\/p>\n

18.\u00a0 Participate in departmental\/divisional task forces.<\/p>\n

19.\u00a0 Identify issues relating to disbursement policies, procedures and guidelines and propose actions or enhancements.<\/p>\n

20.\u00a0 Undertake ad-hoc assignments at the discretion of the Division Manager.<\/p>\n

21.\u00a0 Participate in the review of project documents such as Appraisal Reports, Country\u00a0 Strategy Papers, and Project Completion Reports and provide input to supervisors.<\/p>\n

Selection Criteria<\/strong><\/p>\n

Including desirable skills, knowledge and experience<\/strong><\/p>\n

    \n
  1. Hold at least a Bachelor\u2019s degree or its equivalent in Accounting or Business Administration and preferably membership of an internationally recognized professional accounting body.<\/li>\n
  2. Have a minimum of five (6) years of direct relevant experience preferably in accounting in a large organization.<\/li>\n
  3. Audit experience would be an advantage.<\/li>\n
  4. Familiarity with disbursement policies, guidelines and procedures of multilateral development institutions<\/li>\n
  5. Good understanding of basic general accounting concepts and principles, and their application.<\/li>\n
  6. Analytical, systematic, strong numerical skills, attention to details.<\/li>\n
  7. Ability to plan and coordinate schedules in order to meet tight deadlines<\/li>\n
  8. Good understanding of internal control concepts and business aptitude for figures and attention to detail<\/li>\n
  9. Ability to adopt new policies, systems and processes in a timely fashion.<\/li>\n
  10. Good Client Orientation, Achieving Results and Problem Solving, Communication and Knowledge Sharing, Innovation and Change.<\/li>\n
  11. Ability to communicate effectively (written and oral) in English or French preferably with a good working knowledge of the other language.<\/li>\n
  12. Proficient in the use of standard MS Office software (Word, Excel, PowerPoint, Project Knowledge of SAP would be an advantage.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in…..<\/p>\n","protected":false},"author":6721,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[31],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2nO32-7TU","_links":{"self":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/posts\/30374"}],"collection":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/users\/6721"}],"replies":[{"embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/comments?post=30374"}],"version-history":[{"count":0,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/posts\/30374\/revisions"}],"wp:attachment":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/media?parent=30374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/categories?post=30374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/tags?post=30374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}