Islamic Development Bank Recruitment 2018

Islamic Development Bank Recruitment 2018 | IDB Career Portal: Current Jobs Opportunities At Islamic Development Bank (IDB). 

The Islamic Development Bank (IDB) is a multilateral development bank (MDB) which funds its projects and other developmental activities using Islamic finance. Hence, the name “Islamic”. Founded in 1975, the IsDB is headquartered in Jeddah, the Kingdom of Saudi Arabia. The purpose of the Bank is to foster economic development and social progress of its member countries.

The Islamic Development Bank, IDB Nigeria is currently recruiting for SUITABLY QUALIFIED candidates to fill the vacant positions available below:

Position: Field Procurement Officer – Regional Hub of Abuja, Nigeria
Ref No: IDB2058
Location: Abuja
Job Purpose

  • Carry out duties related to the planning, implementing and monitoring of project procurement-related activities within the locations associated with the regional hubs to fulfill the needs of the Bank.
  • This role ensures effective compliance with procurement guidelines for the successful preparation, appraisal, and implementation of approved projects.

Key Accountabilities
Policies, Procedures & Processes:

  • Implements the policies and procedures contained in the Procurement Guidelines of the Bank.
  • Provide Technical advice to the project officers in the preparation of project procurement Plans.
  • Contribute to the development of procurement policies and procedures considering Member Countries’ needs, IDB Group priorities and observed trends among similar MDBs.

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Project Procurement Management:

  • Extend the Project Procurement Facilitation and Implementation Support for improved quality at entry, implementation and at completion in-order to improve quality in project delivery.
  • Provide support in risk assessment in projects as per the Procurement Guidelines and follow-up with concerned parties in order to maintain acceptable risk mitigation measures.
  • Support in the elaboration of project concept notes, preparation and appraisal of projects in order to provide the required advice on procurement matters.
  • Organize project start-up workshops, conduct staff briefings and provide necessary support for the country portfolio.
  • Review and clearance, as the case may be, of Procurement Documents (RfP, BD, PQD, EoI, GPN, SPN…) received from beneficiaries and ensure its compliance with IDB requirements.

Customer Service:

  • Contribute in the resolution of procurement issues from various stakeholders, including those related to input in complaints handling as per the guidelines, in order to deliver the bank’s required levels of service in all interactions with stakeholders.

Capacity Development:

  • Contribute in the capacity development of concerned stakeholders through organizing and preparing specialized workshops on project procurement policies and procedures as per the procurement guidelines of IDB, both internally and externally.

Reporting:

  • Contribute in preparation of Country Procurement Assessment Reports (CPAR), Country Portfolio Performance Review (CPPR) & Project Procurement Audit Reports.
  • Prepare periodic briefs on procurement related issues in-order to ensure concerned parties are briefed regularly on project activities.

Job Requirements
Academic qualifications:

  • Bachelor’s degree in Engineering or related field

Languages:

  • English (mandatory)

The minimum number of years and nature of experience:

  • 5 – 8 years of experience in project procurement of MDBs.
  • 3 years’ experience in project management and implementation.

Job specific competencies:

  • Bank Knowledge
  • Country Knowledge and Programming
  • Country Portfolio Assessment
  • Project Risk Assessment and Evaluation
  • Policies and Procedures
  • Project Management
  • Motivation to learn and share

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Position: Field Disbursement Officer – Regional Hub of Abuja
Ref No: IDB2062
Location: Abuja
Business Unit: Finance Complex
Division: Dues & Disbursements
Department: Financial Control Department
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
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

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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
  • CPA, ACCA, CMA or an equivalent certification is preferred

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Languages:

  • English (mandatory)

The minimum number of years and nature of experience:

  • 4-6 years of relevant experience in finance and accounting
  • ERP, procurement and audit experience is preferred

Job specific competencies:

  • 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

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Position: Country Economist
Ref ID: IDB2041
Location: Abuja
Business Unit: Country Programs Complex
Division: Not Applicable
Department: Country Strategy and Cooperation Department
Role

  • To provide inputs from the co-operation and market integration strategy perspective to the head of Regional Hub in order to develop the special project and programs as well as maintain and provide country level macro-economic data, developmental trends, thematic (i.e. women, youth, climate change, resilience, etc.) and sector information
  • To regularly review and map the potential macroeconomic and sectoral impact on the existing IDBG portfolio. To provide support to the Regional Hub in the preparation of the MCPS
  • To contribute to the identification of the value-chains for each MC covered by the Regional Hub
  • To contribute and review the formulation of the interventions under the integrated strategic programming framework based on on-ground consultations with various stakeholders.

Key Accountabilities (not the exhaustive list)
Planning Support:

  • Plan, prepare in collaboration with country officers MCPS and coordinating multi-task teams to ensure effective and efficient results.
  • Provide inputs and participate in Programming, Economic Sector Work (ESW) and economic evaluation of large scale complex projects.
  • Plan and advise the division and department on the allocation of IDB resources as well as the development of criteria / KPIs for country allocation to ensure operations at optimal levels of efficiency.
  • Act as advocate and reference on all economic reports related to the MCs in the division by organizing and studying all reports to ensure the knowledge is leveraged.
  • Engage, communicate and collaborate with the broader team in the bank in order to enhance the rigor of advice on cross-cutting and sectoral issues in MCs.
  • Provide guidance to field officers on preparation and implementation of projects related to the objectives of co-operation and market integration, acting as a focal point providing technical clarifications for field officers.
  • Support MCs to integrate regionally and globally through the implementation of the IDB’s World Trade Organization (WTO) and Regional Integration Program.

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Analysis and Review:

  • Prepare and review periodical reports to ensure the validity and precision of the content.
  • Maintain and provide country-level macroeconomic data, developmental trends, thematic (i.e. women, youth, climate change, resilience, etc.) and sector information.
  • Analyse macroeconomic data in the documentation prepared in collaboration with Country Officers
  • Undertake regional economic, trade, investments and logistics studies in order to better identify and highlight common themes that need to be addressed in MCs.
  • Review regularly and map the potential macroeconomic and sectoral impact on the existing IDBG portfolio.
  • Conduct analytical work and address binding constraints on economic growth and development in MCs.
  • Design a Monitoring & Evaluation Framework (M&E Framework) for all concerned Country Division activities to assess the effectiveness and impact of IDB interventions.
  • Contribute and review the formulation of the interventions under the integrated strategic programming framework based on on-ground consultations with various stakeholders
  • Contribute to the identification of the value-chains for each MC covered by the Regional Hub.

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Knowledge Building and Sharing:

  • Monitor and assess emerging challenges and trends in MCs, disseminate the findings to concerned internal & external parties in the context of specific issues of relevance to the Country Department and provide advice on timely and distinctive IDB responses.
  • Act as the knowledge and resource center – internally for the IDB Group and externally for MCs – on economic and development issues on MCs within the concerned Country Divisions

Job Requirements
Academic Qualifications:

  • Minimum of a Master’s Degree in Economics, Statistics, or related development fields.

Languages:

  • English (mandatory).
  • French (preferred).
  • Arabic (preferred).

Minimum number of years and nature of experience:

  • 7-10 years of experience as an economist, 3 of which in a multilateral development bank or relevant experience at the Ministry of Finance/ Economic Planning/ Central Bank, etc.

Job Specific Competencies:

  • Advance problem-solving knowledge
  • Advanced analytical thinking.
  • Adaptability
  • Advance forecasting knowledge
  • Passion for Excellence
  • Drive for Results
  • Planning and Organizing
  • Advanced Partnership management
  • Communication effectiveness (oral and written)

Position: Accountant
Ref ID: IDB2030
Location: Abuja
Business Unit: Finance Complex
Division: Not Applicable
Department: Financial Control Department
Job Purpose

  • Process, review, record, maintain, and reconcile financial transactions in the regional hub.
  • Provide financial analysis and oversight over all financial transactions in the regional hub to ensure compliance with internal financial controls and Bank rules.
  • Support detailed analysis, annual planning and periodic forecasting of the expenses, produce monthly financial reports relating to the regional hub, participate in developing, enhancing and implementing controls.

Key Accountabilities
Financial Accounting & Reporting:

  • Update and maintain the general ledger and chart of accounts to reflect the transactional activities of regional hub accounts, ensuring that proper books of accounts are maintained for effective financial control in accordance with Bank standards and local statutory requirements
  • Examine and analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards
  • Reconcile sub ledger reports on a monthly basis in addition to creating the final trial balance to ensure quality and efficiency in the deliverables
  • Manage invoicing and the collection of receivables and payments
  • Verify all vendor invoices and prepare for approval to ensure a smooth and efficient payment processing
  • Registration and maintenance of regional hub’s fixed assets; evaluation of fixed assets and adjusting for depreciation as per fixed asset accounting policy
  • Manage cash flow and petty cash in regional hub and ensure that all transactions are recorded clearly
  • Perform financial analysis as requested for both internal and external use

Payroll:

  • Ensure proper recording and accuracy of all transactions related to payroll at regional hub, ensuring compliance with payroll processes
  • Review and validate payroll summary reports for regional hub through coordination with the relevant HR team

Analysis:

  • Analyze financial or operating data to satisfy regulatory requirements
  • Assess data for integrity and analytical purposes as and when required
  • Assist in standard or ad hoc analyses to meet variety of management objectives

Policies and Procedures:

  • Contribute to formulation of policies and guidelines governing accounting practices at regional hub.
  • Provide guidance on interpretation of IDB Group policies and procedures, and legislative regulations applicable for the regional hub.

Job Requirements
Academic qualifications:

  • Bachelor’s degree in Accounting, Finance, Economics, Business Administration or related field is required
  • Certification in CA, ACCA or CPA is preferred.

Languages:

  • English (mandatory)
  • French (mandatory)
  • Minimum number of years and nature of experience
  • 4-7 years experience in finance and accounting, multilateral institute experience is preferred
  • ERP experience.

Job specific competencies:

  • 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
  • Teamwork
  • Bank Knowledge
  • Financial Management
  • Accounting
  • Product Knowledge
  • Business Process Knowledge

How to Apply for Islamic Development Bank Recruitment 2018

Interested candidates should visit IDB Bank Careers portal/website on (http://www.isdbcareers.com/careers/isdb/VacancySearch.aspx?pageid=2515). Please note that the application form is FREE and must be submitted once.

Online Application Closing Date:
July 31st, 2018.

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