Sr. Associate, Receivables

Title: Sr. Associate, Receivables

Requisition ID: 5804

OVERVIEW

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

JOB PURPOSE

This role is responsible for monitoring client settlements (repayments), following up with clients to ensure timely settlements, booking settlements once received and reporting on overdues.

KEY ACCOUNTABILITIES

• Prepare and communicate settlement (repayment) schedules to the clients.
• Monitor upcoming dues for all the clients.
• Monitor client settlements and book them in the system once they are credited into ITFC’s Nostro account.
• Follow up with clients in case of overdues in accordance with internal procedures.
• Coordinate with Relationship Managers (RMs) to support timely collections and client engagement.
• Support with the execution of remedial actions for overdues based on management recommendations of the relevant authority.
• Highlight early warning signals and alerts for country / facility suspension
• Issue invoices related to fees and charges and monitor receipt of the same from clients
• Respond to any queries for information pertaining to dues and overdues.
• Participate in department level initiatives/ projects in order to contribute to the overall effectiveness of the department
• Support automation, system enhancements, and control strengthening initiatives.
• Maintain a standard understanding about policies, procedures, and best practices of ITFC and external market
• Perform other duties and tasks as assigned by the management of the department.
  
  

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 (preferred), Banking or Financial Services
  
  

SKILLS & NECESSARY KNOWLEDGE

• English is Compulsory
• Arabic or French is highly preferred
  
  

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.