Finance Officer, Loan Management
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing Infrastructure for Tomorrow in Asia and beyond – infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 111 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled, and promotes regional connectivity.
The Loan Administration Unit under the Office of the Controller advises the front offices of project teams; participates in the planning for disbursement arrangements throughout an investment project cycle, ensuring consistency with the results of fiduciary assessments and compliance with relevant guidelines and procedures; reviews and approves disbursement requests in a timely manner; and assists the front office with technical loan operation matters for private- and public-sector clients.
The Finance Officer will work in the Loan Administration Unit and focus on the Bank's back-office operations on financial products (primarily loans and grants but may also include equity investments, guarantees, and other financing products). The ideal candidate will specialize in multilateral development bank (MDB) back-office functions in sovereign operations, but consideration may also be given to candidates who have experience in commercial banking or nonsovereign operations.
Responsibilities:
- Update and implement relevant disbursement policies and manuals, and actively contribute to establishing effective and efficient disbursement processes.
- Work closely with project teams during design and implementation to ensure that critical fiduciary and disbursement risk aspects of loans and financial products are fully considered.
- Work closely with project teams to support in the preparation of disbursement letters.
- Perform related aspects of disbursement functions, and assist clients in selecting loan terms and conditions.
- Review and approve disbursement requests in line with the Bank’s disbursement policies and procedures.
- Monitor disbursement arrangements to assess whether they remain adequate, and advise the project team of any needed changes.
- Promote leading multilateral development loan and grant disbursements and administration practices to ensure process efficiency and optimum client service.
- Liaise with other MDBs and commercial banks in the areas of disbursement management and operations.
- Coordinate and provide overall support to AIIB clients with respect to onboarding to the AIIB Client Portal (ACP) and to mainstream the ACP for the subsequent use and submission of withdrawal applications.
- Provide subject matter expertise and guidance to finance associates and assistants in the team.
- Ensure all relevant loan- and grant-related accounting entries are recorded in the loan management system in a timely and accurate manner.
- Ensure all period-end closing activities are performed so as to allow the timely and accurate preparation of the Bank’s financial statements.
- Monitor disbursement performance, including maintaining and updating the disbursement database and providing disbursement reports as needed.
- Review and process refunds of loans and financial products proceeds as needed.
- Review and process loan and financial product cancellations caused by savings or other reasons.
- Together with project teams, close loans and financial products in a timely and appropriate manner.
- Monitor lapsed loans, and take appropriate actions accordingly.
- Conduct trainings and workshops on loan and financial product disbursements and administration for borrowers.
- Conduct trainings and workshops on AIIB’s client portal for borrowers.
- Assist in the continuous development and implementation of AIIB’s loan management system.
- Assist in the continuous development of the AIIB client portal.
Requirements:
- Minimum 5-8 years of relevant work experience in the field of banking and loan operations gained from prior positions with financial institutions.
- Bachelor’s degree in finance, accounting, or related fields. A master’s degree in these fields is desirable.
- Robust knowledge of loan administration over the full life cycle of loans.
- Self-motivated and able to build internal and external relationships to ensure seamless processes.
- Proven ability to work efficiently within teams and effectively communicate for results.
- Proven ability to manage multiple projects with competing deadlines.
- Excellent oral and written communication skills in English.
- Understands and applies the principles of change management and proactively serves as a role model for transformation and capacity for acceptance of change.
- Uses their knowledge of country-level engagement, financial products and lending, enterprise resource planning systems, and other information technology to develop, analyze, and promote acceptance of innovative approaches in policies and business.
- Experience in MDB lending, system implementation, and/or system enhancement is desirable.
- Team-management experience is desirable.
AIIB is committed to diversity, transparency, and inclusion. We believe our strength comes from having a team with the right diverse skills, experiences, and abilities selected through a merit-based competitive process. We actively encourage applications from people from both within and outside AIIB members, regardless of nationality, religion, gender, race, disability, or sexual orientation.
Join in AIIB’s mission to promote sustainable infrastructure investments and to improve social and economic outcomes in Asia and beyond.
Previous experience and qualifications will determine the grade and job title at which successful applicants will enter AIIB.
* Closing Date: All opportunities close at 11:59 p.m. (GMT+8) on the dates listed.
** Job Type: Recruitment of staff is conducted through a merit-based competitive selection process. AIIB shall strive to provide employment opportunities open to all suitably qualified applicants, regardless of religion, gender, race, disability, sexual orientation or nationality.
