About New Development Bank
The New Development Bank (NDB) is a multilateral development bank established by Brazil, Russia, India, China and South Africa (BRICS) with the purpose of mobilising resources for infrastructure and sustainable development projects in emerging markets and developing countries (EMDCs).
Working hand in hand with our member countries and stakeholders, we leverage capital for development purposes to accelerate economic growth, as well as to achieve environmental and social sustainability to improve the lives of people in our member countries.
NDB supports infrastructure and sustainable development projects in alignment with the development objectives of our members and their commitments under the SDGs and the Paris Agreement. We prioritise high-impact operations that are climate-smart, disaster-resilient, technology-integrated and socially-inclusive.
Job Summary
Reporting to the Director General, Finance, Budget and Accounting, the incumbent will be responsible for leading the processes of loan disbursement management and treasury settlements at the Bank, and implementing processes, guidelines and policies relating to loans disbursements, managing project loan disbursements after approvals, and managing all Treasury back office functions.
Specific responsibilities include but not limited to:
- Work in close coordination with the Project Finance team during and after disbursement of loans and oversee the schedule of re-payment of disbursed loans.
- Lead and execute the processes for project loan disbursement after project approvals, maintaining a system of controls over accounting transactions.
- Manage the relationship and day-to-day transactions with counterparty banking parties.
- Work in close coordination with the Project Finance team during and after disbursement of loans and oversee the schedule of repayment of disbursed loans.
- Work in close co-ordination with the Treasury team to manage all settlements of treasury deals.
- Manage the internal controls relating to treasury back office and loan related activities.
- Oversight of all treasury back office reporting to Treasury Sub Committee as well as the Finance Committee.
- Manage processing of all loan disbursements and treasury settlements in respective systems of the Bank.
- Analyze the business processes of Finance, Budget and Accounting Division, elaborate recommendations for processes improvements, and develop, maintain and ensure implementation of IT projects in close coordination with the IT Division. Collaborate with IT Division on defining future FBA processes and roadmap.
- Nurture talent and coach the team to ensure continuous learning and development.
- Other duties and responsibilities assigned from time to time.
Position requirements:
- Minimum of 12 years of relevant professional experience in a multilateral development bank or equivalent or regulated private/public sector financial institution.
- In-depth knowledge of Application of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) in member countries especially for the financial sector.
- In-depth knowledge of financial service sector, capital planning, budget management, financial accounting principles, financial reporting standards, loan management system, treasury system and their applications within the different member countries.
- Prior experience of implementing technology for effective financial planning is a pre-requisite.
- Knowledge of technology-based accounting systems and applications especially for organizations in the financial sector.
- Strong leadership and managerial skills in managing a diverse workforce.
- Exceptional strategic thinking, leading change, problem-solving, communication and interpersonal skills with high resilience and drive in achieving objectives and goals.
- Relevant experience in a multi-cultural work environment fostering a climate of teamwork and collaboration.
- Master’s Degree or equivalent in a relevant professional field from a reputed university or a professionally qualified accountant.
