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). Director, Administrative Services
Location: Austria
Department/Unit: Private Sector Operations/Portfolio Management
Required Languages: English/German
Contract Type: Fixed Term Contract
Job Category: Management
Recruitment Status: International
Job Profile
- The incumbent develops comprehensive programs for administrative functions, facility management, and procurement at the OPEC Fund.
- These programs are translated into operational objectives for the unit, aligning with the departmental strategy and framework, to support the organization’s strategic goals.
- The incumbent is also responsible for coordinating and managing the administrative functions to ensure smooth daily operations.
Duties and Responsibilities
Functional strategy formation:
- Defines the short, medium and long-term objectives of the Administrative Services Unit, in line with the organization’s Strategic Plan, and formulates the strategy to achieve these objectives. The incumbent also participates in the development of the strategy of the Corporate Services Department strategy.
- Manages issues and activities in the areas of administrative matters at the OPEC Fund.
Organizational capability building:
- Contributes to the institution-strengthening and capacity building of the OPEC Fund by developing or improving management and organizational processes and procedures; participates in the committee(s) relevant to these matters.
- Designs and furthers changes required to modernize the functions focusing in process redesign.
Policies and Procedures Development and Implementation:
- Planning and Supervision: Oversee the comprehensive planning, process management and redesign, and execution of building maintenance and institutional projects. This includes renovation initiatives, security arrangements, and the assessment of current and future office space needs.
- Procurement Management: Manage the procurement of supplies, equipment, and services, fostering the changes required so that services are customer driven.
- Administrative Activities: Coordinate various administrative functions such as registry activities, travel management, ergonomics, transportation operations, and the administration of drivers.
- Agreement Implementation: Monitor and ensure the effective implementation of the Headquarter’s Agreement.
- Policy development: develops and updates policies to ensure that all functions under his/her perview are state of the art.
People management:
- Identifies issues of importance on administration and general services related matters and brings them to the attention of the Chief Administrative Officer, Corporate Services, as well as, coordinates the necessary implementation of the outcomes.
- Leads the unit by inspiring and motivating the general services, building and procurement teams to maintain the highest level of engagement with the institution.
- Coordinates and supervises the full range of procurement planning and due diligence, external formalities and relations.
- Participates actively in the overall procurement processes, acts as approving officer for all corporate procurements.
- Leads the required changes and modernization of the functions, in a customer centric manner.
- Carries out other tasks assigned by the Chief Administrative Officer, Corporate Services.
Qualifications and Experience
- Advanced Degree in Business Administration / Personnel Management / Economics / any other discipline in the Social Sciences / other relevant discipline(s) or professional qualifications.
- A minimum of 15 years relevant professional experience (organizational, management and personnel processes), with at least 7 years at either a managerial or senior management level, with preferably 5 years at an international institution.
- Excellent written and verbal communication skills in English.
- A good working knowledge of German, Arabic, French or Spanish is an added advantage.
Competencies:
- Leadership & People Management – The ability to guide and empower team members effectively; cultivate a positive work climate; delegate tasks skilfully and nurture team members’ growth. To be completed in a later stage.
- 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.
- Decision Making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
- Customer Centricity – The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships.
- Collaboration & Teamwork -The ability to actively foster a cohesive team environment, adeptly communicate and collaborate across diverse departments to achieve shared goals, ensuring team members work cohesively and efficiently.
- Effective Planning & Follow Up – The ability to set clear goals and priorities; skillfully organize tasks for efficiency; consistently follow through on commitments and plans.
Application Closing Date
14th February, 2025.
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2). Investment Manager (Portfolio Management Unit)
Location: Austria
Department / Unit: Private Sector Operations / Portfolio Management
Required Languages: English / German
Contract Type: Fixed Term Contract
Grade: Professional
Job Category: F
Recruitment Status: International
Job Profile
- This position is responsible for managing a portfolio of the Private Sector Department’s loans (mainly in infrastructure and financial institution sectors), including loan negotiation, implementation of approved operations and continuous monitoring of the assigned portfolio, all in accordance with related finance documents, the departmental strategy and framework and the OPEC Fund’s policies and procedures, in order to contribute to a compliant and optimal project portfolio.
Duties and Responsibilities
Review & analysis and reporting:
- Reviews and negotiates legal documentation
- Reviews actual and projected annual disbursement
- Supervises processing disbursement requests, review of withdrawal applications, verification of compliance with disbursement conditions/loan covenants, and follow up on submission of required documents and review of their completeness/validity
- Reviews financial covenants, financial model, compliance certificates, external project reports, and other financial reports of borrowers
- Prepares and reviews credit risk rating and monitoring reports (quarterly or annually)
- Reviews and processes waiver, amendment, consent, and rescheduling/restructuring requests
- Conducts monitoring missions and if required, participates in appraisal/due diligence missions
- Stays abreast of country, sectoral, market and product developments
- Provides recommendations and suggestions to the Director, Portfolio Management for any improvement of the work efficiency and productivity.
Stakeholder management and engagement:
- Negotiates and closes new transactions with borrowers, shareholders, and co-lenders
- External stakeholder management, which are mainly borrowers, co-financiers, and external advisors in order to monitor project implementation in line with the provisions of signed agreements and approved procedures
- Internal stakeholder management, mainly with Risk Management Department, Legal Department, Loan Management, Development Effectiveness, and ESG
- Participates in departmental working groups and organizational taskforces as required
- Represents the OPEC Fund at external conferences, meetings, symposia, and other external events in connection with project review and monitoring.
Carries out other tasks that are related to the job function, assigned by the Director Portfolio Management.
Qualifications and Experience
- Master’s Degree in Accounting, Finance, Commerce, Economics or a (closely) related field.
- A minimum of five (5) years relevant professional experience, of which 3 years should have been obtained within the Private Sector department of a major international development finance institution and/or within a banking environment (including commercial or investment banking, or fund management)
- Experience in managing a portfolio of financial institutions and or project and corporate finance transactions
- Sound negotiation skills, including negotiating loan documentation
- Demonstrated quantitative, qualitative, financial analysis and financial modelling skills
- Strong analytical and problem-solving skills as well as sound business judgment to identify issues and present creative and practical solutions
- Sound financial analytical writing skills with focus on detail
- High initiative and ability to work independently as well as with team members in a collaborative environment
- Strong sense of responsibility
- Strong interpersonal skills with a high level of integrity and drive for achieving results
- Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity
- Fluent in English. Good working knowledge of Arabic, German 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.
- 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
1st March, 2025.
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3). Investment Manager (Business Development Unit)
Location: Austria
Department / Unit: Private Sector Operations / Business Development
Required Languages: English / German
Contract Type: Fixed Term Contract
Grade: Professional
Job Category: F
Recruitment Status: International
Job Profile
- The incumbent plays a pivotal role, in OPEC Fund’s Private Sector Department, in identifying and evaluating investment opportunities in accordance with OPEC Fund’s strategies, policies and procedures.
- The Investment Manager is responsible for establishing and maintaining relationships with partners and for the origination, project screening, due diligence and presentation of new credit, guarantee and investment approvals for credit committee recommendation and Governing Board approval.
Duties and Responsibilities
Business Development:
- Establishes and maintains relationships with partners including sponsors, MDBs/DFIs and commercial banks
- Establishes and maintains regular contact with existing partners in order to develop pipeline for current and future years
- Conducts business development missions to identify and qualify potential partners
- Stays abreast of country, sectoral, market and business developments/new projects
- Assists the Director, Business Development Unit in preparing marketing plans to improve business development capabilities and identify new opportunities for the OPEC Fund to increase the level of business origination.
Transaction Appraisal:
- Conducts thorough appraisal/due diligence of new projects under consideration with a focus on financial institutions and/or infrastructure projects
- Reviews and assesses all aspects of new projects (including financial viability, creditworthiness, development effectiveness, ESG, KYC and other internal requirements).
Stakeholder management and engagement:
- Represents the institution at conferences, meetings, symposia, and other external events
- Ensures proper communication and collaboration with internal stakeholders
Carries out other tasks that are related to the job function, assigned by the Director, Business Development Unit.
Qualifications and Experience
- Master’s Degree in Accounting, Finance, Economics or a (closely) related field
- A minimum of five (5) years relevant professional experience, of which at least two (2) years should have been obtained within the Private Sector division of a major international development finance institution; a banking environment (including commercial or investment banking, fund management or a development bank); a commercial/development environment of relevance to the OPEC Fund’s operations and job profile
- Experience in investment transactions, with proven success in developing client relationships as well as sourcing, negotiating, structuring and executing investments
- Demonstrated quantitative, qualitative, financial analysis and financial modelling skills
- Strong analytical and problem-solving skills as well as sound business judgment to identify opportunities and drive business growth
- Sound financial analytical writing skills with focus on detail
- High initiative and ability to work independently as well as with team members in a collaborative environment
- Strong sense of responsibility
- Strong interpersonal skills with a high level of integrity and drive for achieving results
- Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity
- 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.
- 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
1st March, 2025.
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4). Director, Financial Controls
Location: Austria
Department / Unit: Finance / Financial Controls
Required Languages: English / German
Contract Type: Fixed Term Contract
Grade: Management
Job Category: H
Recruitment Status: International
Job Profile
- The Director, Financial Controls, is responsible for managing and executing the work plan of the financial controls unit in accordance with the institutional strategy and framework, to ensure a robust internal control framework and delivery of financial statements in full adherence to accounting standards, Fund’s policies and priorities as well as best practices.
Duties and Responsibilities
Financial management and control:
- Ensures quality controls over financial transactions, maintains accurate records of accounts and supporting documents for all financial transactions of the OPEC Fund
- Manages the financial reporting requirements of the OPEC Fund and any special funds under the OPEC Fund’s administration to safeguard financial integrity and ensure compliance with International Financial Reporting Standards and other Special Accounting Standards
- Supports quarter-end and year-end accounting close process
- Authorizes all administrative payments in accordance with the relevant approvals, rules and guidelines
- Verifies compliance with financial/accounting rules and procedures, including cost center allocation
- Promotes a sound internal control environment by managing the design, implementation, update, and dissemination of policies, procedures and guidelines for recording, processing and reporting financial transactions
- Identifies opportunities for innovation and implementation of best practices, system updates and workflows optimization
Back Office:
- Oversees banking and custodian relationships to ensure all financial transactions are executed and settled timely
- Supports treasury on a wide-range of activities, including cash and liquidity management, foreign exchange, funding and reporting valuations externally to the Custodian and internally for accounting purposes
- Reviews and authorizes the confirmation of treasury deals, in accordance with the approvals and established procedures, rules and regulations
- Supervises the creation and maintenance of business partner records
Leadership and direction:
- Provides leadership and manages a highly skilled, multicultural diverse team of professionals with direct reporting from Accounting (Financial Controls and Reporting) and Back Office
- Leads by example, inspiring and motivating the team to maintain the highest level of engagement with the institution
- Drives and supports change management initiatives
- Manages the relationship with external auditors to assist them to discharge their responsibilities; accountable for all submissions to the Audit & Risk Committee that relate to Finance
- Develops and mentors staff and supports personal development plans
Capability building:
- Contributes to the strengthening and capacity building of the OPEC Fund by developing and/or improving management and organizational processes and procedures; participates in the committee/s relevant to these matters
Carries out other tasks assigned by the Vice President, Finance that are related to the job function.
Qualifications and Experience
- Master’s Degree in Accounting and Control / Business Administration, majoring in Accounting, Financial Management and other related field.
- A recognized accounting certification such as the CA or CPA is required
- A minimum of 15 years relevant professional experience.
- Preferably seven years at a senior level in an international banking institution
- Fluent in English. Good working knowledge of Arabic, French, German or Spanish is an added advantage.
Competencies:
- Leadership & People Management – The ability to guide and empower team members effectively; cultivate a positive work climate; delegate tasks skillfully and nurture team members’ growth.
- Results Orientation – The ability to set ambitious targets for self and the team; drive progress toward objectives; initiate actions to achieve desired outcome,
- Creativity, Initiative & Innovation – The ability to nurture novel concepts and inventive approaches; take calculated risks to foster innovation; identify chances for process enhancements and expansion.
- 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.
- Business Alignment – The ability to align team objectives and undertakings with broader organizational aims; make decisions contributing to the organization’s strategic direction.
Application Closing Date
1st March, 2025.
How to Apply: Interested and qualified candidates should use the links below to apply: