Short-Term Staff – Loans Accounting Assistant, FIFC4 at the African Development Bank Group (AfDB)

Job Title: Short-Term Staff – Loans Accounting Assistant

Activities

• Ensure accurate and timely update of loan/grant portfolio of assigned countries by recording the amount and date of loan/grant approval; the amount and date of loan/grant signature; the amount and date of loan/grant cancellation; the amount and date of loan/grant reactivation; and the loan terms.
• Process debit and credit accounting entries and prepare electronic loan disbursement and loan repayment vouchers for transmission, externally to Borrowers and Executing Agencies, and internally to relevant departments, and draft replies to any queries thereon.
• Carry out preliminary checking of bills by ensuring that loans are billed according to their due date and loan terms, calculation of principal and charges, and correct reflection of excess funds and shortfalls; correct errors identified.
• Identify and register loan repayment ensuring correct application of funds.
• Verify the bi-monthly arrears position of Borrowers, the monthly list of Borrowers under sanctions and recommend lifting of sanctions for Borrowers on prompt identification and receipt of sufficient additional loan repayments.
• Carry out preliminary analysis of Borrowers’ queries and prepare preliminary justification for appropriate response; prepare for transmission Borrowers audit confirmation of their loan/grant status, summary ledgers and other related information.
• Apply incoming payments and draft, as appropriate, preliminary recommendations to Borrowers with respect to any excess funds or shortfall.
• Prepare, on a regular basis, draft correspondence to Borrowers providing their arrears and sanctions position indicating their negative implication both on the Borrowers and the Bank.
• Maintain orderly physical loan files with copies of critical documents justifying the entries in the loan accounts as well as correspondence with the borrowers and other departments within the Bank.
• Design and maintain an electronic filing system of correspondence prepared by the division.
• Act as back up of accounting clerk in other sections and carry out other duties as requested by the Directorate, the Division Manager and the supervising Loan Accounting officer.

Candidate Profile

• Minimum of a bachelor’s degree in accounting, finance or related field
• Have a minimum of four (4) years of professional experience
• Knowledge of loan products;
• Knowledge of key concepts around the accounting treatment of lending instruments;
• Ability to use Bank’s IT systems such as SAP CML and To be in the Computer Proficiency section
• Excellent written and verbal communication skills in English and/or French, with a working knowledge of the other language.
• Competence in the use of Bank standard software (word, excel, VBA, Access and PowerPoint).

Application Instructions:

The application deadline is 25th October 2024. Therefore qualified and interested candidates can “CLICK HERE TO SUBMIT APPLICATION” It is important to visit the official website (link found below) for detailed information on how to apply successfully for this vacancy

Website:
Official Job Website: https://www.afdb.org/en/about-us/careers