Company Info
Large organization
200 + Employees
The OPEC Fund for International Development is a multilateral development finance institution established in 1976.
The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are: Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.
1). Budget Officer
Location: Nigeria
Employment Type: Fixed Term Contract
Department/Unit: Finance / Financial Administration Unit
Required Languages: English
Grade: Professional
Job Category: F
Recruitment Status: International
Job Description
- The Budget Officer performs tasks and activities related to the OPEC Fund’s three-year Administrative and Capital Expenditures Budgets cycle including planning, preparation, validation, consolidation, execution and monitoring.
Duties and Responsibilities
Data collection & analysis:
- Performs standard projections and analysis on required budgetary resources; interprets raw data and information and prepare management budget reports
- Performs ad hoc analyses that drive strategic business and budgetary decisions
- Analyzes data and financial and business metrics to monitor budget performance and assists Management in achieving objectives with optimal utilization of resources
- Investigates variances between actuals and forecasts or estimated expenses to understand trends and potential risks and opportunities
- Monitors and assesses key budget performance indicators
- Develops and maintains strong understanding of the costs and budgetary performance of the organization at all levels of budget structure including cost centers, categories, elements
Stakeholder management, communication and engagement:
- Creates effective business relationships across the organization throughout the annual budget cycles to maintain accuracy of budget estimates and forecasts
- Cooperates and supports the preparation of the departments’ work plans, to ensure alignment between the business initiatives and the strategic objectives of the institution
- Communicates budget data and figures in reports, narratives and through visual representations
- Assists in the design of periodic budget reports to drive and promotes data driven and informed decision making
- Provides training and guidance to staff on budget-related processes, systems and tools
Reporting:
- Prepares periodic budget reports, dashboards, and analyses on the organization, including budget utilization, reallocations, annual budget performance or any ad hoc report as required
- Develops and maintains key budget metrics
Budget planning and preparation:
- Supports planning and preparing the Administrative and Capital Expenditures budget, in accordance with the institutional budget administration framework, guidelines and manual
- Assists in analyzing the departmental budget submissions, evaluation of the soundness of justifications, ensuring the adoption of activity-based budgeting, finalization of the budget proposals and preparing consolidated budget reports
- Prepares comparative and variance analysis on Budget implementation and utilization
- Supports application of the best financial management practices: budgeting standards, costing methodologies, resource projections, variance analysis and cost allocation
- Contributes to budget systems and processes enhancements, to improve the effectiveness and efficiency of delivering the organizational mandate
Capacity building
- Contributes to the strengthening and capacity building of the Fund by developing and improving management and organizational budget processes and procedures; automations and system enhancements and participates in the committee(s) relevant to these matters
Carries out other tasks assigned by the supervisor that are related to the job function.
Qualifications and Experience
- A Master’s degree or equivalent in Finance or Business, majoring in Accounting, Financial Analysis, Business Administration or a relevant field
- Recognized accounting and/or financial certification such as the ACCA, CIMA and preferably CFA is desirable
- A minimum of five (5) years of relevant professional experience in a related field, of which at least three (3) should have been at an international development finance institution
- Ability to business convert concepts and objectives into sound financial/numerical logic, principally through modelling and projections
- Fluent in English. Good working knowledge of Arabic, French or Spanish, Russian or Portugese is an added advantage
Competencies:
- Ability to Work Under Pressure – The capacity to remain composed, focused and productive when facing tight deadlines, high-stakes situations and demanding workloads
- Cross-Cultural Sensitivity – The ability to take into account the variety of the human experience and how it contributes to the workplace and to demonstrate respect for diverse cultures and viewpoints.
- Effective Planning and Follow Up – The ability to set clear goals and priorities; skillfully organize tasks for efficiency; consistently follow through on commitments and plans
- Subject Matter Knowledge – The in-depth understanding and expertise in specific fields relevant to the OPEC Fund’s operations and the individual’s role
- Decision making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications
Application Closing Date
11th May, 2025.
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2). Head, Total Rewards
Location: Austria
Department/Unit: Corporate Services / Human Resources Unit / Human Resources Unit
Contract Type: Fixed Term Contract
Job Category: H1
Grade: Management
Recruitment Status: International
Job Profile
- The Head of Total Rewards is responsible for the design and implementation of a comprehensive, organization-wide compensation strategy that aligns with the OPEC Fund’s objectives of ensuring a fair and competitive employee rewards program.
- This role ensures that compensation and benefits policies are in line with the organization’s HR strategy and enhanced on a continuous basis.
- The position oversees payroll, compensation and benefits, employee administration, and employee offboarding.
- The incumbent leads a team at the headquarters in Vienna.
Duties and Responsibilities
Strategic Responsibilities:
- Drives continuous improvement in the Total Rewards strategy to position the OPEC Fund as an employer of choice.
- Collaborates with the HR Director to develop and implement a modern Total Rewards strategy aligned with organizational goals.
- Standardizes and streamline processes to enhance efficiency and effectiveness.
- Provides expert advice on total rewards and well-being policies.
- Leads key initiatives and projects to enhance remuneration and reward systems.
Compensation & Reward Management:
- Market Analysis: Conducts salary benchmarking and provides data-driven insights
- Program Development: Implements competitive and performance-driven compensation structures
- Policy Compliance: Ensures adherence to labor laws and internal policies
- Salary Administration: Oversees payroll coordination and policy adherence
- Stakeholder Guidance: Trains HR staff and advises leadership on compensation matters
- Benefits & Allowances: Conducts periodic reviews and recommend enhancements
- Budget Planning: Supports salary, allowance, and benefits forecasting.
- Health & Wellness: Manages and/or supports medical insurance, wellness programs, and employee support initiatives
Audit & Compliance:
- Ensure compliance with reward policies and regulatory standards
- Leads salary benchmarking, incentive plan management, and internal equity analysis
- Addresses audit findings with sustainable solutions
Policy & Procedure Development:
- Maintains and updates policies, standard procedures, and benefits documentation
- Oversees medical insurance plan reviews and renewals
- Benchmarks remuneration policies and implements new benefit programs as needed
- Ensures accurate record-keeping and serve as the escalation point for complex benefits issues.
Stakeholder Engagement & Leadership:
- Represents HR in management meetings and external forums
- Oversees budget planning for total rewards
- Provides expert guidance on budget analysis and utilization
- Fosters strong partnerships with employees and managers.
Team Management & Leadership:
- Leads, coaches, and mentors the Total Rewards & Well-being team
- Sets clear expectations, provides feedback, and drives high performance
- Addresses performance gaps and supports professional development
- Performs any other related tasks as assigned by the HR Director to contribute to the success of the HR function.
Qualifications and Experience
- Master’s Degree in Business Administration, Economics, Mathematics, Statistics, or a related field
- A minimum of 10 years relevant professional experience, of which five (5) years should have been from an international development institution
- In-depth and thorough knowledge of compensation & benefits concepts, principles of salary administration, benefits, including market best practice is required
- Experience in HR policy and HR operations is highly desirable
- Ability to work independently, apply analytical and quantitative skills to identify issues or problems
- Ability to identify and offer suggestions for improvements, and collaborate to ensure integration with other policies, systems, and practices
- In-depth knowledge of relevant technologies, business processes, or platforms is essential
- Demonstrated knowledge of HR-related areas beyond compensation and benefits to facilitate connections with the broader department and institution
- Ability to organize, prioritize, and deliver timely under high pressure
- Extensive knowledge and expertise in Total Rewards, enabling skilled operation of the OPEC Fund’s HR practices, procedures, and programs is essential
- Ability to identify and diagnose needs. Ability to facilitate and implement interventions in order to address needs and drive change
- Ability to collaborate effectively with highly diverse colleagues
- Ability to communicate clearly with diverse audiences, including non-technical audiences
- Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.
Competencies:
- Subject Matter Knowledge – The in-depth understanding and expertise in specific fields relevant to the OPEC Fund’s operations and the individual’s role.
- Collaboration and Teamwork – The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.
- Customer Centricity – The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships.
- Decision making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
- Problem Solving Ability – The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges.
- Trustworthiness, Ethics & Governance -The ability to act with integrity and transparency; safeguard confidentiality; demonstrate ethical decision-making and interactions; to adhere to organizational regulations and ethical benchmarks, foster a culture of compliance and strong governance; ensure team members understand and adhere to protocols.
Application Closing Date
23rd April, 2025.
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3). Head, HR Business Operations and Talent Intelligence
Location: Austria
Department/Unit: Corporate Services / Human Resources Unit / HR Policies and Talent Mng. Function
Contract Type: Fixed Term Contract
Job Category: H1
Grade: Management
Recruitment Status: International
Job Profile
- The Head, HR Business Operations and Talent Intelligence plays a pivotal role in aligning the People and Culture strategy, HR initiatives, policies, and business objectives across the organization to support the OPEC Fund for International Development’s strategic growth and transformation as a multilateral development bank.
- This role covers critical areas such as talent acquisition, HR business partnerships, workforce planning, and organizational development. With a strong focus on driving operational efficiency and excellence, leveraging technology to streamline HR processes, and ensuring strategic HR alignment, the position requires a hands-on approach to managing internal client relationships across the organization while also leading and supporting a team of HR professionals.
Duties and Responsibilities
Strategic:
- Provides expert guidance and advice on a wide range of HR operational matters
- Advises on the development and design of job descriptions to ensure alignment with organizational needs and oversees the job evaluation process
- Manages consultancy and service contracts within the HR Business Operations and Talent Intelligence portfolio, ensuring effective service delivery and cost control
- Leverages technology to improve HR processes, enhancing efficiency in recruitment, onboarding, performance management, and talent development
- Leads initiatives to enhance organizational effectiveness, including restructuring and change management efforts, to align with evolving business strategies
Business Partnership and Talent Acquisition:
- Workforce Planning: Leads the analysis of business needs and labor market trends, collaborating with departments to determine staffing requirements and selection criteria
- Succession Planning: Develops and implements succession plans to ensure leadership continuity and address future talent needs
- Establishes standardized screening techniques to assess the skills, qualifications, and experience of potential candidates
- Advises on the design and development of job descriptions, ensuring alignment with organizational goals and contributes to the job evaluation process
- Provides feedback and guidance to management on recruitment processes, with a focus on efficiency, effectiveness, and streamlining workflows using technology
- Partners with management to advance diversity initiatives in recruitment, promoting fair and inclusive hiring practices
- Supports talent outreach and champions employer branding to position the OPEC Fund as an Employer of Choice
Talent Development:
- Develops and executes a comprehensive L&D strategy aligned with organizational goals to ensure continuous employee development, focusing on skills enhancement, leadership growth, and performance improvement
- Collaborates with senior leadership to identify organizational skills gaps and future talent needs, designing targeted development programs to address these requirements
- Promotes a learning culture across the organization, encouraging ongoing professional development and facilitating access to training resources through technology-driven platforms
- Partners with HR teams to integrate L&D initiatives with performance management, ensuring that development programs are aligned with employee career paths and business objectives.
Reporting and Analytics:
- Collaborates with management and HR staff to ensure timely and accurate reporting on talent metrics, including recruitment, performance, and learning
- Utilizes HR technology platforms to collect and analyze data, ensuring that reporting is streamlined and data-driven decisions are made
- Develops and presents reports to assess the effectiveness of HR initiatives, using data and technology to create compelling narratives around HR strategies and outcomes.
Stakeholder Management and Engagement:
- Cultivates and maintains strong relationships with internal stakeholders and external partners, ensuring clear communication and alignment
- Fosters relationships with stakeholders and strategic partners, to enhance the talent pipeline, with a focus on diversity and inclusion. Leverages these relationships to strengthen employer branding, ensuring the organization attracts a broad, globally diverse talent pool
- Leverages digital tools to enhance stakeholder engagement and communication, ensuring HR services are delivered effectively across all departments
- Fosters collaborative partnerships with employees and managers across the organization to drive HR operational efficiency and support organizational goals
- Provides clarification on policies, procedures, and guidelines to ensure compliance and understanding across the organization.
Managerial:
- Leads, coaches, and motivates the HR Business Operations and Talent Intelligence team, driving high levels of staff engagement and ensuring the delivery of high-quality HR services to clients
- Utilizes technology tools to enhance team collaboration, monitor performance, and ensure timely execution of HR tasks and initiatives
- Conduct regular assessments to identify and mitigate HR-related risks, ensuring compliance with legal and regulatory standards
- Oversees diversity and inclusion initiatives, ensuring hiring, talent development, and operational practices align with the organization’s commitment to a diverse workforce
- Leads the identification, management, and mitigation of diversity-related risks within recruitment, staffing, and employee relations processes, ensuring fair, inclusive, and compliant hiring practices
- Implements a risk-mitigation based approach to HR operations, ensuring compliance with ethical standards, and safeguarding against discrimination or bias in the recruitment process
- Performs any other related tasks as assigned by the HR Director to contribute to the success of the HR function.
Qualifications and Experience
- Master’s Degree in Business Administration, Human Resource Management or a related field.
- A minimum of 10 years relevant professional experience in institutional, management, and human resource processes, of which five (5) years should have been from an international development institution. Experience in a multilateral development bank is an asset.
- Relevant professional certifications such as SHRM-SCP, CIPD, or PHR/SPHR and/or conflict resolution training is desirable.
- Experience in stakeholder engagement, including partnerships with member countries, external partners, and internal stakeholders
- Demonstrated experience in talent acquisition, workforce planning, HR strategy development, and organizational development
- Proven track record in managing HR technology tools and leveraging data analytics for decision-making
- Experience with SAP SuccessFactors is an added advantage
- Significant experience working in HR business operations in large, complex organizations, preferably in multilateral development banks, international organizations, or similar settings is highly desirable
- Experience in diversity and inclusion initiatives, particularly in an international and multicultural environment is highly desirable
- Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.
Competencies:
- Communication – The ability to relay ideas, information and messages effectively and succinctly to a variety of audiences.
- Cross-Cultural Sensitivity – The ability to take into account the variety of the human experience and how it contributes to the workplace and to demonstrate respect for diverse cultures and viewpoints.
- Decision making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
- Effective Planning and Follow Up – The ability to set clear goals and priorities; skillfully organize tasks for efficiency; consistently follow through on commitments and plans.
- Sense of Responsibility – The ability to demonstrate ownership and accountability in tasks and outcomes; uphold reliability and commitment to fulfilling responsibilities.
Application Closing Date
19th April, 2025.
How to Apply: Interested and qualified candidates should use the links below to apply:
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