The World Bank is an international financial institution that provides loans to developing countries for capital programs.
Duties and Accountabilities
1. Appropriate control over loan portfolio management
a) Collaborate with Finance Officers (FOs) on fiduciary review of loan preparation documents, and clearance of loan restructuring packages;
b) Provide input to FOs on Withdrawal Application Quality Risk (WAQR).
c) Monitor inactive Project Designated Accounts (DAs) and liaise with clients to ensure that DA balances are promptly documented or refunded.
d) Liaise with clients to ensure that loans are closed promptly on the due dates.
e) Promptly follow up with clients to ensure ineligible expenditures are duly refunded.
f) Collaborate with clients on portfolio management and resolution of issues pertaining to disbursements.
g) Ensure consistent application of the Bank’s policies, procedures and guidelines on temporary Suspensions and Debarments, Financial Institution Due Diligence (FIDD) reviews and contract monitoring.
2. Effective and efficient transaction processing
a. Review and sign-off of withdrawal applications and supporting documentation, refunds, and adjustments.
b. Promptly liaise with clients to resolve any potential issues or exceptions noted in the processing of transactions.
c. Ensure prompt and accurate set up of the Loan Systems Master Database immediately after loan signing.
3. Provide loan information and analyses to assist in decision making.
a. Restructuring and design of new projects: Provide input to FOs for Disbursement arrangements for new projects or new borrowers based on the existing experience with similar projects.
b. Evaluate the results of both the reviews of transactions and the portfolio management work to identify areas where borrowers have capacity constraints and to assist in the decision making on
the type of capacity building that should be provided to the clients.
c. Promptly provide monthly reports to the Country Management Units (CMUs) on the status of disbursements and the performance of the portfolio.
4. Capacity building and technical support to clients
a. Be proactive in providing training to our external clients (borrowers/project implementing units) on the Bank’s disbursement policies and procedures through face to face workshops, video
conferences, e-mails and ad hoc discussions resulting from reviews of transactions, missions etc.
b. Provide advice to internal clients (task teams, financial management specialists and procurement specialists, legal) on disbursement related issues.
c. Promptly respond to enquiries from clients on routine matters such as: the status of withdrawal applications, loan balances, DA balances, key dates, DA ceilings, status of pending grant/loan amendments, status of pending clearances.
d. Collaborate with the Finance Officers (FOs) in the following components of the work program pertaining to client support and technical assistance: i. Country Portfolio Performance Review
(CPPR); Country Partnership Strategy (CPS); Participation in project launches; and providing input to the Implementation Status Reports (ISRs).
5. Implementation of innovations and technological initiatives
a. Provide training, guidance and technical support to clients on the processes and procedures required in order to efficiently utilize electronic disbursements (‘eDisbursement’) system.
b. Utilize the available online tools to facilitate knowledge sharing through discussion groups, posting of aide memoires, leave and mission plans, training materials and guidance notes.
c. Appropriately handle other tasks that may be assigned by the department’s management.
1) A Bachelor’s degree in Accounting, Finance or Business; and
2) Any one or more of: (i) A professional certification (fully qualified as CPA, ACCA, CA, CFA or equivalent); or (ii) a Master’s degree in Accounting, Finance or Business; or (iii) a combination of adequate and direct relevant work experience in lieu of a professional certification / Master’s degree.
Key Competencies – the preferred candidate must demonstrate the following competencies
Interested and qualified? Go to World Bank Group career website on web.worldbank.org to apply