Company Info
Large organization
200 + Employees
The Islamic Development Bank (IsDB)
The Islamic Development Bank (IsDB) is a multilateral development bank (MDB) that uses Islamic finance to support its projects and other developmental initiatives. As a result, the term “Islamic” was coined. The IsDB was established in 1975 and is headquartered in Jeddah, Saudi Arabia. The Bank’s mission is to promote economic development and social improvement in its member countries.
1). Project Financial Management Specialist
Job ID: IDB3136
Location: Abuja, Nigeria
Business Unit: Operations Complex
Division: Project Procurement Division
Job Purpose
- Assist in ensuring integrity of the Bank’s operations transactions through developing policies, guidelines, procedures and tools, as well as to provide support to ensure and enhance adequacy of financial management systems of Bank’s operations.
Key Accountabilities
Project Financial Management:
- Review IDB’s policies and procedures to ensure consistency with the project financial management policies of the Bank
- Support the selection of external auditors based on best practices of other MDBs.
- Contribute to the review of procurement process, particularly the terms of reference, for the selection of auditors and financial management consultants for projects.
- Assist project beneficiaries of IDB financed operations with the development of sound project financial management systems and familiarize stakeholders with IDB’s financial management policies and procedures in liaison with the field staff.
- Ensure financial management of all operations and ensure compliance with policies and procedures of the Bank.
- Provide necessary technical support to local implementing/executing agencies and project teams to carry out financial management of all IDB’s financed operations.
- Review audit reports of executing/implementing agencies and external auditors for all projects under implementation, to ensure compliance with IDB’s financial management policies/guidelines and raise flag in case of any risk.
- Assist in providing advisory services to the DG Country Relations & Services and DG Global Practices and Chief Economist regarding project financial management matters during all stages of the operations cycle as well as during strategic discussions held with countries.
- Assist in develop the necessary controls to detect unusual occurrences as part of an early-warning system to help prevent fraud and corruption.
- Prepare country financial accountability assessments over the project cycle of the Bank.
- In conjunction with Knowledge Management and Institutional Learning, contribute to the development and dissemination of the knowledgebase of financial management best practices, lessons learnt and country profiles in relation to procurement.
Education, Certification and Experience
- Bachelor’s Degree in Finance, Economics, Business Administration or any other related field.
- Minimum of 5 years of relevant experience in project finance, auditing, or development economics.
Skills & Necessary Knowledge:
- Planning & organizing
- Well-developed Negotiation skills
- Project management
- Advance Financial (Balance Sheet) Analysis
- Analytical thinking
- Problem solving
- Passion for excellence
- Effective stakeholder management skills
- Knowledge of Corporate Governance and best practices
- MS Office
Language:
- English – Mandatory
- Arabic – Preferred
- French- Mandatory – for French-speaking regions
Application Closing Date
28th September, 2023.
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2). Operations Team Leader (Social Infrastructure)
Location: Abuja
Business Unit: Operations Complex
Division: Country Rel.&Ser. Africa & Latin America
Department: Country relations and services Africa & Latin America
Job Purpose
- Under the supervision of the Country Operations Manager, to manage the portfolio of a specific sector (Education/Health/Urban Development/Water) projects and TAs within the approved costs, timelines and quality to ensure efficient delivery of the Bank’s mandate to support socio-economic development in the relevant Member Countries.
- Supervise and provide technical oversight to Project Officers on day-to-day basis for the implementation of projects and provide clearance on their tasks.
- Lead in the project appraisals, conduct portfolio quality reviews, clear project progress reports and PIASRs, contribute to clearance of tender documents and contracts related to implementation of the approved projects and proactively mitigate risks issues in the portfolios.
- Provide technical support and contribution in shaping the Bank’s strategy by focusing on the given sector in the covered region, including contribution to MCPS, analytical work and programming.
- Contribute to the Bank’s operational, financial and procurement policies and guidelines as well as to the knowledge management agenda.
Key Accountabilities
Project Appraisal:
- Lead the preparation of project appraisals to ensure comprehensive coverage of the technical, economic, social, financial, procurement, institutional and environmental aspects of the project proposals are in line with the operations manual and applicable policies/procedures of the Bank.
- Seek inputs from the respective Sector Teams in CPO to further refine and enhance the project appraisal documents prior to submission for Board approval.
- Ensure all changes identified during project appraisal is incorporated in all the relevant documents for alignment of project design and approach prior to submission of project for Board approval.
Project Approval:
- Follow up and communicate the project approval status, in line with IDB’s disclosure policy, to the relevant focal point in the Member Country.
Project Implementation And Monitoring:
- Coordinate with respective CPO Sectoral Leads for receiving technical assistance in all aspects across the entire project lifecycle.
- Maintain project plans to ensure ongoing monitoring of project progress, proactive identification of issues and implementation of action plans to resolve issues promptly.
- Liaise with the Operations Quality and Results Unit during the operational cycle of projects to ensure necessary operational policies and procedures are being followed and suggestions for improvements are implemented.
- Review disbursement requests and advise on clearance status to country management to ensure timely resolution of procurement and other related issues and ensure that Cumulative Undisbursed Commitments (CuC) are brought to the minimum.
Project Closure And Review:
- Contribute to the development of project completion reports, on completion of each project, ensuring that all elements of the project charter have been incorporated in the report.
- Provide inputs to the Sectoral Teams in CPO ensuring that the problems and issues faced, remedial actions taken, and the lessons learned are well documented for reference in the future projects.
- Provide necessary inputs to the Portfolio Effectiveness Unit, at the end of the project portfolio cycle, to ensure that the portfolio development effectiveness objectives have been achieved.
Academic and Professional Qualifications
- Bachelor’s Degree in Education/ Energy / Food Security / Health Management / Rural Development/ Transportation / Water Management / Economics/ Engineering or related field.
- A Master’s Degree would be preferred.
- Additional qualifications or certification in Project Management like PMP would be highly desirable.
- Minimum 8 years of experience with a Bachelor’s degree/6 years with a Master’s degree in the development sector, of which minimum 5 years in a specific sector.
Skills & Necessary Knowledge:
- Project Management skills.
- People Management skills.
- Quality Management.
- Results Orientation.
- Portfolio Management.
- Time and resource management.
- Building Relationships
- Passion for Excellence
- Problem Solving skills
- Vendor Management
- Global Trends and Challenges in the specific sector.
- IT skills, especially in project management.
Languages:
- English : (Mandatory)
- French : (Mandatory)
- Arabic : (Preferred)
Application Closing Date
3rd September, 2023.
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3). Country Economist
Location: Abuja
Business Unit: Operations Complex
Division: Country Rel.&Ser. Africa & Latin America
Department: Country relations and services Africa & Latin America
Job Purpose
- The Country Economist (CE) is the key RH team member to ensure a successful country engagement. The CE technically leads the Member Country Partnership Strategy (MCPS) and Country Engagement Framework (CEF) formulation process and provides all the needed support and coordination to ensure the delivery of high-quality MCPS and CEF processes and their constituting documents. This entails coordinating and finetuning all the inputs from internal and external stakeholders.
- Technical support to all Regional Hub strategic, operational, and programming engagements with MCs, including reviewing and mapping the potential macroeconomic and sectoral impact on the existing IsDBG portfolio. Moreover, the CE regularly reviews the MCs’ new policies, strategies, and national development plans to guide the Regional Hub’s programming in line with the MCs’ priority sectors and areas for intervention.
- Act as the knowledge and Resource Centre for the IsDB Group for their economic and development solutions by providing an overview of country-level macro-economic data, developmental trends, and thematic and sector information.
- Review the assistance strategies of major development partners and their sectors/themes of focus, in addition to capturing the status and potential of coordination between IsDB and other development partners.
- Participate in discussions with MCs governments and other developmental partners to identify collaboration opportunities that address Member Countries’ needs and align with IsDB’s priorities.
Key Accountabilities
Planning & Programming:
- Lead the preparation of MCPS and CEF and relevant multi-task teams to ensure their effective formulation and implementation.
- Provide inputs and participate in Programming, Economic Sector Work (ESW), and Country Diagnostic Studies (CDS).
- Support the preparation of project documents from an economic perspective.
- Engage, communicate, and collaborate with the broader team in the Bank in order to enhance the rigor of and advice on cross-cutting and sectoral issues in the MCs.
- Regularly reviews the MCs’ new policies, strategies, and national development plans to guide the Regional Hub’s programming in line with the MCs’ priority sectors and areas for intervention.
- Participate in discussions with MCs governments and other developmental partners to identify collaboration opportunities that address Member Countries’ needs and align with IsDB’s priorities
Analysis And Review:
- Prepare and review, country-level macroeconomic reports, developmental trends, and thematic and sector information.
- Analyze macroeconomic data in the project documentation prepared in collaboration with COM, OTLs, and PMSs.
- Review regularly and map macroeconomic issues and sectoral impact on the existing IsDBG portfolio.
- Conduct analytical work and identify developmental challenges in the MCs as part of the MCPS and how IsDB can address them.
- Design a Monitoring & Evaluation Framework (M&E Framework) for all concerned activities to assess the effectiveness and impact of MCPS and CEF.
- Review the assistance strategies of major development partners and their sectors/themes of focus, in addition to capturing the status and potential of coordination between IsDB and other development partners.
Knowledge Building And Sharing:
- Monitor and assess emerging challenges and trends in the MCs.
- Contribute to transferring knowledge of local economic insights from MCs to other CEs and employees within IsDBG.
- Contribute, coordinate, and represent in annual and periodic events conducted by the Regional Hub, such as: Seminars, Regional Workshops, and capacity-building workshops.
Reporting:
- Act as an advocate and reference on all economic reports related to the MCs in the Regional Hub.
- Engage, communicate, and collaborate with the interdisciplinary teams in the Bank to enhance the rigor and advice on cross-cutting and thematic issues in MCs.
- Lead the periodical preparation of Country Briefs.
- Contribute to the engagement of the Hub with government officials and equivalent contacts with other international organizations, partner entities, and other external constituencies and expert groups.
- Conduct peer review and provide feedback on all economic reports/data prepared by peers Economists within CP Directorate.
Academic and Professional Qualifications:
- Master’s Degree in Economics, International Development or a related field.
- Minimum 7 years of experience as an economist, of which 3 years in a multilateral development bank or relevant experience at the Ministry of Finance/ Economic Planning/ Central Bank, etc.
Skills & Necessary Knowledge:
- Proficient Statistical Theory Knowledge
- Proficient in R, Python, Stata or EViews
- Proficient Knowledge of Emerging Economies Issues
- Proficient Economic Modeling Skills
- Proficient Econometric Modeling Skills
- Proficient Multidimensional Indicator Development Skills
- Proficient Operational Modeling Skills
Languages:
- English : (Mandatory)
- French : (Mandatory)
- Arabic : (Preferred)
Application Closing Date
3rd September, 2023.
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4). Project Management Specialist (Local)
Ref No: IDB3068
Location: Abuja
Business Unit: Operations Complex
Division: Country Rel.&Ser. Africa & Latin America
Department: Country relations and services Africa & Latin America
Job Purpose
- Under the supervision of the designated OTLs, to conduct Bank’s technical-assistance operations due diligence, monitor day-to-day technical-assistance operations management activities, and carry out day-to-day development-project operations management activities under the guidance of the Project Team within approved costs, timeliness, and quality, to ensure efficient execution of the bank’s mandate to support economic development in the associated member and non-member countries.
- Responsible for day-to-day communication, monitoring and implementation support to the project management units and executing agencies; supervision of project contract management and resources; preparation of implementation reports to the bank management, and proactive mitigation of project implementation issues. In addition, provide support in project preparation and appraisal, portfolio quality review, procurement review, and disbursement processes.
- Contribute to knowledge management agenda by identifying lessons learned from the projects.
Key Accountabilities
Project Appraisal:
- Provide technical and professional support to the Operations Team Leader in the preparation of project appraisals and comprehensive due diligence of the technical, financial, procurement, institutional, economic, social and environmental aspects of the project proposals ensuring the same are in line with the operations manual and applicable policies/procedures of the Bank.
- Liaise with the respective Sector Teams in CPO to further refine and enhance the project appraisal documents prior to submission for the Board approval.
Project Implementation And Monitoring:
- Coordinate with the respective Operations Team Leader, in all aspects the project implementation to ensure projects are completed as per the project charter/plan.
- Lead the preparation of periodic project implementation assessments and support reports for each project under the portfolio to ensure implementation issues and proposed actions are documented as a reference and for smooth execution.
- Maintain adequate, up-to-date, and accurate project information and key records in the bank’s operations management system.
- Assess the implementation progress of the Bank’s approved operations and provide feedback/recommendations on bank’s position to relevant authorities/stakeholders.
- Contribute to the maintenance of project implementation plans to ensure ongoing monitoring of project progress, pro-active identification of issues, recommendation and implementation of action plans to resolve issues promptly.
- Review implementation quality and progress of the Bank’s approved operations and provide recommendations for improvements to the relevant authorities/stakeholders.
- Provide inputs to the Procurement and Financial Management staff to ensure procurement of materials and disbursal of funds for the projects are in line with the policies of the Bank.
- Monitor contracts and financial management activities of the projects and provide recommendations on bank’s position to relevant authorities/stakeholders.
Project Closure And Review:
- Provide inputs to the Task Team Leader in the development of project completion reports, at the completion of each project
- Compile inputs for the Sectoral Teams in CPO ensuring lessons learnt during the project implementation are recorded as reference for the future projects.
General Project Management:
- Provide inputs to Operations Team Leader during the operational cycle of the projects to ensure necessary operational policies and procedures are followed and improvements suggested are being implemented.
- Support Operations Team Leader in engaging external expertise according to the bank’s procurement policy, to complement internal resources, ensuring quality project due diligence, implementation and lessons mining.
Academic and Professional Qualifications:
- Bachelor’s Degree in Project Management, Engineering, Economics or related fields.
- Additional qualification or certification in Project Management lime PMP would be desirable.
- Minimum 5 years of experience in project management, preferably in the development sector with an MDB or an International NGO.
Skills & Necessary Knowledge:
- Project Management skills.
- People Management skills.
- Quality Management.
- Results Orientation.
- Time and resource management.
- Building Relationships
- Passion for Excellence
- Problem Solving skills
- Vendor Management
- Global Trends and Challenges in the specific sector.
- IT skills, especially in project management.
Languages:
- English : (Mandatory)
- French : (Mandatory)
- Arabic : (Preferred)
Deadline: 12th September, 2023.
How to Apply: Interested and qualified candidates should use the links below to apply: