Sr, Associate, Disbursements

Title: Sr, Associate, Disbursements

Requisition ID: 5805

OVERVIEW

Business Function Operations Location Jeddah, Saudi Arabia Job Grade E2 Type of Employment Fixed-Term Appointment

JOB PURPOSE

This role is responsible for the timely processing of utilization requests under trade finance facilities in accordance with approved terms and conditions while ensuring observance of prescribed processes. This also includes servicing clients, liaising with syndicate partners and correspondents and recording of disbursements and related transactions.

KEY ACCOUNTABILITIES

• Examine utilization requests received from clients to ensure compliance with the facility terms and conditions as well as compliance with internal policies and procedures.
• Examine shipping documents against facility terms and conditions as well as internal policies and procedures.
• Process disbursements in accordance with internal standards.
• Prepare all relevant SWIFT messages.
• Update clients on the status of their requests.
• Maintain quality service levels for both clients and syndicate partners with a focus on accuracy, compliance and efficiency.
• Manage correspondence with syndicate partners under a syndicated facility in relation to their contributions and payables.
• Liasie with banks and other intermediary financial institutions to resolve any issues and ensure all tasks are properly handled.
• Participate in department initiatives and enhancements.
• Liaise with the Finance Department for accounts reconciliation.
• Monitor and record the collection of fees.
  
  

KEY ACCOUNTABILITIES

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Bachelor’s Degree preferably in Business Administration, Commerce, Finance, Economics or a related field
• Minimum 4 years of experience in Trade Finance
  
  

SKILLS & NECESSARY KNOWLEDGE

• English is compulsory
• Arabic or French is compulsory
  
  

ABOUT APPLICATION PROCESS

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

• Resume/CV
• Copy of passport
• Academic certificate
  
  

If you are currently an IsDB Regular staff applying for this role and get selected through the competitive selection process; your current contract type and other terms and conditions will remain unchanged.

The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.