Position title: Treasury Assistant - FTRY.1Grade: GS7Position N°: 50054525Reference: ADB/16/013Publication date: 25/01/2016Closing date: 14/02/2016
Objectives
The role of the Capital Markets and Financial Operations Division (FTRY.1) is to: (1) Raise cost effective resources from the capital markets; (2) Contribute to the Capital Increases process and administer the subscriptions of shareholders to the capital of the African Development Bank (ADB); and (3) Contribute to the African Development Fund (ADF) replenishment negotiations and administer the subscriptions of donors to the African Development Fund (ADF) and Multilateral Debt Relief Initiative.
Duties and responsibilities
Under the supervision of the Officer responsible for subscription management, the incumbent will:
Assist in the Management of Subscriptions to the Multilateral Debt Relief Initiative (MDRI):Monitor, process and record Instrument of commitments. payments and encashmentPrepare and update payment and encashment schedulesCompute Net Present Value (NPV) based accelerated encashment credits or discountsUpdate reports on the status of subscriptions, payments and encashmentWork on the design of the MDRI subscription systemMaintain the MDRI data base, ensuring integrity of dataUpdate the process manual.Assist in the Management of Subscriptions to the African Development Fund (ADF) /African Development Bank (ADB):Operate and update subscription system to ensure the completeness and integrity of dataWork on the implementation of the ADF Subscription systemMaintain the ADF databaseMonitor, process and record instrument of subscriptions, payments and encashmentPrepare and update payment and encashment schedulesCompute Net Present Value (NPV) based accelerated encashment credits or discountsMaintain the subscriptions databaseUpdate the process manualPrepare the voting powers statementsAssist in borrowing related activities:Ensure that Pricing Supplements are reviewed and signed on a timely basisEnsure that the borrowing process, as spelled out in the borrowing procedure manual, is adequately followedMonitor calls on borrowingEnsure the trade ticket is signed by all the relevant partiesFollow up with the dealer and trader for the receipt of the pricing supplement related to the transactionSend pricing supplement to divisions for review and then to the Issuing and Paying Agent (IPA) and rating agenciesParticipate in the preparation of the Bank's financial Presentation booklet for the Annual MeetingsParticipate in the preparation of the Bank's annual borrowing program for Board approvalMonitor the Bank's key financial ratios.Preparation reports and data:Prepare periodic reports and data as required by the Division Manager and/or Director of TreasuryPerform any other activities assigned from time to time as related to this function including the downloading and publishing of the Bank's exchange rates and the preparation of Power Point presentations.
Selection Criteria
Including desirable skills, knowledge and experience
A minimum of a Bachelor’s Degree or its equivalent in Finance or other related disciplines.At least five (5) years of relevant practical working experience in the finance sector.High level skills in communication.Strong planning and organizational skills.Strong customer service skills, ability to multitask and attention to detail.Good knowledge of the subscription management processes.Excellent written and verbal communication skills in English and/or French, with a good working knowledge of the other language.Competence in the use of Bank standard software (Word, Excel, VBA, Access and PowerPoint).Excellent customer service.Knowledge of basic finance (bonds, swaps, time value of money).
Apply online
To apply for this position, you need to be national of one of AfDB member countries.
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