| JOB NAME |
Treasury Assistant, FITR.1 [Abidjan, Côte d'Ivoire]
POSTED BY: African Development Bank Group
REF:AFDBG 2114
Date Published:Friday, September 13, 2024
Date of Expiration:Wednesday, March 12, 2025
RECOMMEND THIS JOB ON FACEBOOK
|
|
|
| LOCATION OF THIS JOB |
 Cote d'Ivoire | ABIDJAN in Cote d'Ivoire |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
|
| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
Location: Abidjan, Côte d'Ivoire
Position Grade: GS8
Position Number: 50000896
Posting Date: 12-Sep-2024
Closing Date: 11-Oct-2024
THE BANK:
Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 81 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2023 – 2032) and ensure greater developmental impact, five major areas (High 5s), all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.
THE COMPLEX:
The Vice Presidency for Finance oversees the financial management of the Bank Group. This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.
THE HIRING DEPARTMENT/DIVISION:
The Treasury department is responsible for raising funds from capital markets, managing and investing the Bank Group’s liquidity and shareholders’ funds, processing and settling all financial transactions and managing the institution’s banking relationships.
Under the supervision of the Director, Treasury Department, the Capital Markets and Subscriptions Division is responsible for the implementation and execution of the African Development Bank’s annual borrowing program, providing guidance and supervising the management of subscriptions to the capital of the Bank, the African Development Fund and the Multilateral Debt Relief Initiative (MDRI). The function also requires advising and contributing to technical discussions related to the Bank’s capital increases, replenishments of ADF, rating review and financial policies.
THE POSITION:
Reporting to the Division Manager - Capital Markets and Subscriptions Division, the Treasury Analyst responsibility is to:
1. Assist in the Management of Subscriptions to the Multilateral Debt Relief Initiative (MDRI):
2. Assist in the Management of Subscriptions to the African Development Fund (ADF) /African
3. Development Bank (ADB)
4. Assist in borrowing related activities
5. Prepare reports and data
KEY FUNCTIONS:
The Treasury Assistant will carry out the following functions;
ASSIST IN THE MANAGEMENT OF SUBSCRIPTIONS TO THE MULTILATERAL DEBT RELIEF INITIATIVE (MDRI):
1. Monitor, process and record Instrument of commitments. payments and encashments
2. Prepare and update payment and encashment schedules
3. Compute NPV based accelerated encashment credits or discounts
4. Update reports on the status of subscriptions, payments and encashments
5. Work on the design of the MDRI subscription system
6. Maintain the MDRI data base, ensuring integrity of data
7. Update the process manual
ASSIST IN THE MANAGEMENT OF SUBSCRIPTIONS TO THE AFRICAN DEVELOPMENT FUND (ADF)/AFRICAN DEVELOPMENT BANK (ADB):
1. Operate and update subscription system to ensure the completeness and integrity of data.
2. Work on the implementation of the ADF Subscription system
3. Maintain the ADF database
4. Monitor, process and record instrument of subscriptions, payments and encashment
5. Prepare and update payment and encashment schedules
6. Compute Net Present Value based accelerated encashment credits or discounts
7. Maintain the subscriptions database
8. Update the process manual
9. Prepare the voting powers statements
ASSIST IN BORROWING RELATED ACTIVITIES:
1. Ensure that Pricing Supplements are reviewed and signed on a timely basis
2. Ensure that the borrowing process, as spelled out in the borrowing procedure manual, is adequately followed.
3. Monitor calls on borrowing.
4. Ensure the trade ticket is signed by all the relevant parties.
5. Follow up with the dealer and trader for the receipt of the pricing supplement related to the transaction.
6. Send pricing supplement to divisions for review and then to the IPA and rating agencies
7. Participate in the preparation of the Bank's financial Presentation booklet for the Annual Meetings.
8. Participate in the preparation of the Bank's annual borrowing program for Board approval.
9. Monitor the Bank's key financial ratios.
PREPARE REPORTS AND DATA:
1. Prepare periodic reports and data as required by the Division Manager and/or Director of Treasury
2. and perform any other activities assigned from time to time as related to this function including
3. the downloading and publishing of the Bank's exchange rates and the preparation of Power Point presentations.
|
| REQUIREMENTS FOR THIS JOB |
COMPETENCIES (skills, experience and knowledge):
1. Minimum of a Bachelor’s Degree or its equivalent in Finance or other related disciplines.
2. Have a minimum of six (6) years of relevant practical working experience in the finance sector.
3. Strong planning and organizational skills.
4. Strong customer service skills, ability to multitask and attention to detail.
5. Good knowledge of the subscription management processes.
6. Knowledge of basic finance (bonds, swaps, time value of money)
7. Excellent customer service.
8. High level skills in communication and organization.
9. Excellent written and verbal communication skills in English and/or French, with a working knowledge of the other language.
10. Competence in the use of Bank standard software (word, excel, VBA, Access and powerPoint).
THIS POSITION DOES NOT ATTRACT INTERNATIONAL TERMS AND CONDITIONS (THE POST HOLDER WILL BE CONSIDERED AS A LOCAL STAFF AND WILL NOT HAVE INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT).
Should you encounter technical difficulties in submitting your application, please send an email with a precise description of the issue and/or a screenshot showing the problem to: HR Direct HRDirect@AFDB.ORG(link sends e-mail)
Apply for this position
1- Regular Staff
If you are currently working at the African Development Bank as a regular staff, click on the button below to apply for this position.
2- External Candidate
If you are not currently working at the African Development Bank, or if you are a Short Term Staff (STS), a Technical Assistant or a Consultant at the Bank, click on the button below to apply for the position.
To apply for this position, you need to be national of one of AfDB member countries.
Applicants who fully meet the Bank's requirements and are considered for further assessment will be contacted. Applicants should submit a concise Curriculum Vitae (CV) and any additional documents that may be stated as required. The President of the African Development Bank reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer. Female candidates are strongly encouraged to apply. http://www.afdb.org
|
|
English 
FRENCH
