Disbursement Assistant - FFCO3 in Lagos, Nigeria

Industry
Banking / Financial Services
Specialization
Financial Services
Minimum Qualification
Bachelor's Degree
Required Experience
5 - 7 years
Employment Type
Full Time
Gender
Male or Female

Job Description

  • Analyse and determine the appropriateness of disbursement requests and the supporting documentation for compliance with African Development Bank policies and procedures, provisions of legal agreement and other related documents.
  • Process disbursement applications and update data as necessary in the Disbursement Management System.
  • Respond to questions regarding payments and disbursement procedures.
  • Draft clear and concise correspondence on disbursement-related issues.

Project Management:

  • Liaise with concerned Bank’s departments and external stakeholders to resolve disbursement issues promptly.
  • Monitor borrowers’ utilization of special account funds, ensuring that the funds are properly accounted for and used in accordance with Bank rules and procedures.
  • Participate in disbursement supervision missions with particular emphasis on application preparation and use of special accounts and statements of expenditures. 
  • Contribute to improving efficiency of disbursement operations by ensuring that records and reports are properly maintained and updated at all times.
  • Participate in technical discussions and loan negotiations to ensure that disbursement arrangements are compliant with Bank Group disbursement policies.
  • Participate in the review of project documents such as Project Concept Notes, Appraisal Reports, Country Strategy Papers, Project Completion Reports and provide input to supervisors.

Capacity Building/Client Support

  • Participate in training of operational Bank staff and borrowers.
  • Participate in the design of materials for disbursement seminars.
  • Respond to questions regarding disbursement procedures.
  • Coach and mentor new Disbursement Assistants on disbursement procedures.
  • Perform client support activities associated with the payment process.

Departmental/Divisional Tasks

  • Participate in departmental/divisional task forces.
  • Identify issues relating to disbursement policies, procedures and guidelines and recommend appropriate actions or enhancements.
  • Identify and recommend changes to disbursement systems, policies and procedures to promote timeliness, accuracy and efficiency in processing while maintaining appropriate internal controls.
  • Participate in new systems development and user testing.
  • Undertake ad-hoc assignments at the discretion of the Disbursement Officer and/or Division Manager.

 

Requirements

  • A minimum of a Bachelor’s degree in Accounting or Finance.
  • At least six (6)years of direct relevant experience in accounting.
  • Good understanding of basic general accounting concepts and principles, and their application.
  • Analytical skills, with strong numerical ability, and attention to detail.
  • Good interpersonal and communication skills.
  • Fluency in English (essential) and/or French (essential). A working knowledge of Portuguese would be an advantage.
  • Fully proficient in MS office applications (Word, Excel, Access, and Power Point). Working knowledge of SAP will be an advantage.

 

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