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Latest Job: Senior Credit Risk Officer at The OPEC Fund for International Development

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  • The OPEC Fund for International Development is a development finance institution established by the member countries of OPEC in 1976 as a channel of aid to other developing countries.

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    Senior Credit Risk Officer

    • Job Type Full Time
    • Qualification BA/BSc/HND , MBA/MSc/MA
    • Experience 10 – 12 years
    • Location Not specified
    • Job Field Finance / Accounting / Audit&nbsp

    Job Profile:

    • The Senior Credit Officer – Debt Recovery manages non-sovereign non-performing loans that have been transferred to the Risk Management Department from the Private Sector Department, develops and executes remedial actions, workout strategies and restructuring with input from General Counsel & Legal Services Department, all in accordance with the institutional risk framework in order to protect OPEC Fund’s assets and maximize recovery.

    Duties and Responsibilities
    Risk management and analysis:
    Debt Recovery:

    • Review loan non-performance issues, recommend remedial actions, formulate and analyze various workout options, including financial projections and net present value analysis to maximize recovery value. 
    • Prepare the workout strategy for review and approval by the Risk Management Committee (RMC).
    • Implement the approved workout strategy, including negotiations with borrowers and other interested parties, and execute restructuring or liquidation actions.
    • Monitor all nonperforming loans under management in line with established guidelines. 
    • Prepare and submit monthly non-performing loan reports and recommendations on loss provisions to the RMC for approval.
    • Enhance, implement and maintain risk management policies, procedures and guidelines related to identification, measurement, risk mitigation and reporting of nonperforming loans and provisioning.

    Credit Appraisal and Monitoring:

    • Ensure OPEC Fund credit policies, procedures and guidelines are applied to new transactions and existing portfolio. Implement OPEC Fund’s risk appetite set by senior management, contributing to OPEC Fund’s financial sustainability and development objectives.
    • Assess the risks of new and existing private sector debt, guarantee and equity transactions in line with the credit approval and monitoring process.
    • Provide recommendations to project teams on risk issues, key due diligence items, deal structuring and appropriate risk mitigation measures, determine accurate risk ratings for public and private sector obligors in accordance with internal rating methodologies, pricing / valuation and risk-return analysis, key terms and conditions and financial covenants, during both the transaction approval stage and post-disbursement for waivers / consents and monitoring reviews.
    • Prepare objective, well-reasoned and independent risk assessments and credit notes for new transactions at concept and final review stage and waiver approvals, ensuring full disclosure and understanding of risks during the approval and monitoring process.
    • Review and provide independent credit opinions on annual monitoring reports of existing transactions, assess and determine updated risk ratings.
    • Provide credit decisions on waivers, amendments and consent requests for key transaction terms and conditions, covenants, and any other transaction undertakings.
    • Ensure portfolio quality is maintained with timely identification of credit risks, project challenges and portfolio trends. Maintain accurate credit and facility ratings to reflect risks, and updated credit watchlists. Assist in portfolio monitoring and monitoring compliance of exposure limits, diversification/concentration limits, portfolio weighted risk ratings and risk-adjusted return on capital (RAROC).

    Reporting:

    • Prepare and submit the monthly Nonperforming Loan Report to the RMC.
    • Maintain updated Credit Watch lists and submit to RMC quarterly.
    • Contribute to the quarterly risk management report, develop risk policies, and administer Credit Committee meetings.
    • Prepare and submit Credit Notes for new transactions to the Credit Committee.
    • Prepare credit decisions / credit commentary on Waivers, Amendments and Consents and Annual Monitoring Reports.
    • Carry out other tasks assigned by the Director, Credit Risk.

    Qualifications and Experience

    • Master’s Degree in Accounting / Finance / Business / Economics or equivalent professional qualification. 
    • A minimum of 15 years of credit risk and/or banking experience, with a demonstrated track record, substantial knowledge and expertise in all aspects of credit risk management, experience in debt recovery and knowledge of project finance and financial institutions.
    • Preferably, 10-12 years of experience with global or regional banks, fund managers, or multilateral/ bilateral development financial institutions. 
    • Fluent in English. Good working knowledge of French and/or Spanish is a plus.

    Competencies:

    • Extensive knowledge in credit risk management areas, including assessment of individual loans, guarantees, and equity investments in the context of credit approval and monitoring process, monitoring of portfolio risks, and management of impaired transactions.
    • Established analytical skills in the credit risks and high initiative and deep sensitivity in strategic views.
    • Ability to deal with sensitive information and maintain strict confidentiality.
    • Very good data analysis and evaluation skills.
    • Bright, reliable and self-motivated. Ability to take initiative and work independently, as well as work closely with fellow team members in a collaborative environment.
    • Demonstrated experience in assessing and advising on appropriate strategies to manage business and organizational performance regarding risk and effectively communicating the impact.
    • Ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

    Method of Application

    Interested and qualified? Go to The OPEC Fund for International Development on careers.opecfund.org to apply

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    Job Vacancies

    Latest Job: Procurement Officer/Store Keeper at Ric Dynamic Services Limited

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    676334917
  • RIC Dynamic Consult has been in thearea of recruitment consultancy which has grown into an impressive strong team and has also maintained a strong cliental and candidates database in the recruitment industry. Our key principles are Honesty and Passion. We are a generalist recruitment agency with skilled team and recruiting experience across all sectors and i…

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    Procurement Officer/Store Keeper

    • Job Type Full Time
    • Qualification BA/BSc/HND , OND
    • Experience 2 – 4 years
    • Location Lagos
    • Job Field Procurement / Store-keeping / Supply Chain&nbsp
    • Salary Range ₦150,000 – ₦200,000

    RIC Dynamic Consult has been in thearea of recruitment consultancy which has grown into an impressive strong team and has also maintained a strong cliental and candidates database in the recruitment industry. Our key principles are Honesty and Passion. We are a generalist recruitment agency with skilled team and recruiting experience across all sectors and industries.

    Job brief:

    We are searching for an organized and detail-oriented procurement officer and storekeeper to manage all of the operations in our storeroom. In this position, you’ll play a dual role in the proper care and maintenance of our stock and managing our contractor’s database, including ordering, receiving, and managing inventory.

    Job Responsibilities:

    • Assist with packing received stock on shelves.
    • Ensure products are clean and not damaged or expired.
    • Receive orders immediately on phone and collect within 3 min.
    • Prepare products in order in bags and pass to dispatch.
    • Maintain receipts, records, and withdrawals of the stockroom
    • Receive, unload, and shelve supplies
    • Perform other stock-related duties, including returning, packing, pricing, and labeling supplies
    • Inspect deliveries for damage or discrepancies; report those to accounting for reimbursements and record keeping
    • Rotate stock and coordinate the disposal of surpluses
    • Ensure adequate record keeping and manage all documentation to confirm proper stock levels and maintain inventory control
    • Coordinate the handling of freight, the movement of equipment, and necessary minor repairs.

    Requirements and skills:

    • Knowledge of proper bookkeeping and inventory management
    • Familiarity with standard concepts and best practices in a stockroom or warehouse environment
    • Analytical mind with ability to make accurate mathematical computations
    • Excellent written and verbal communication skills
    • Competencies in data entry, analysis, and management
    • Keen attention to detail and ability to effectively manage time
    • Skills to operate common office equipment
    • Minimum of OND/HND/BSC or equivalent
    • 2+ years of experience in storekeeping, inventory control, or recordkeeping.

    Method of Application

    Qualified applicants should send their CV to: [email protected] or through the jobmag platform.

    Office Address: 21, Awolowo way, Ikeja, Asset Corp Plaza Third Floor, D95.

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    Job Vacancies

    Latest Job: Acountant and Admin Supervisor at Nicole Sinclair

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    512762556
  • Nicole Sinclair Consulting is a dynamic Human Resources Consulting firm. We are positioned to help nurture your business, its people and maximize vision.

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    Acountant and Admin Supervisor

    • Job Type Full Time
    • Qualification BA/BSc/HND
    • Experience 2 – 4 years
    • Location Lagos
    • City Yaba
    • Job Field Administration / Secretarial&nbsp , Finance / Accounting / Audit&nbsp

    Description

    The accountant & administrative supervisor maintains and compiles financial reports and statements in compliance with government regulations and requirements. He or she may analyze balance sheets, manage general ledger accounts, update financial statements, maintain accounts receivable and accounts payable, pay monthly payroll, and prepare financial reports. He or She liaises with the external Accountants, Auditors & Tax Consultants to ensure that company financial records and reports are up-to-date and follow government regulations. He/ She also manages the administrative activities of the business ensuring that stock records are effectively managed and maintained.

    Responsibilities

    • To maintain basic financial records for the entire company i.e., keeping Profit & Loss records, Tax records, preparing invoices etc.
    • Manage the implementation of accounting policies, procedures, and systems.
    • Manage General Ledger, including timely and accurate monthly closings, the review of account balances, and the reconciliation of accounts
    • Process transactions related to accounts payable and account receivable, payroll, fixed assets, depreciation, and amortization, and maintain records related to those.
    • Liaise with external Accountants, Auditors, and Tax Consultants to ensure that company financial records and reports are up to date and follow government regulations
    • Perform general office administrative duties to support an efficient business operation 
    • Manage the annual external audit, acting as primary liaison with external auditors, ensuring all necessary reconciliations are prepared upon arrival of the auditors, and providing needed schedules and documents for audit and tax return purposes

    Competency/Skill/Requirements

    • B. Sc. Bachelor’s degree or HND in Accounting
    • Proven experience in a similar position
    • At least 2 years of work experience in related field Proficiency in the use of SAGE ONE, and Microsoft Office with specifics on Word, PowerPoint, Excel
    • Experience in staff supervision
    • Most importantly, the ability to do the job.

    Method of Application

    Interested and qualified? Go to Nicole Sinclair Consulting on jobs.nicolesinclair.com to apply

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