Inter-American Development Bank (IDB)

Portfolio Administration Consultant

Inter-American Development Bank (IDB)

Job Description

  Operations Division (FNA/OPD) - Finance and Administration Department The team: We are responsible for the administration and servicing of all loans, equity investment, guarantees and other financial products provided by IDB Invest, the application of pertinent IDB Invest’s policies and lending guidelines as well as related reporting from our area. What you’ll do:
  • Collaborate in the administration and servicing of loans, equity investments, guarantees, and other financial products for our clients.

  • Monitor the loan arrearages and application of the IDB Invest’s arrears policies and guidelines and all related reporting.

  • Oversee and execute the billing process of financial products and other receivables, also overseeing the corresponding collection process.

  • Actively participate in the Design, implementation, maintenance, and control of Loan Administration systems and reporting platforms that support the activities of the IDB Group and provide recommendations for performance improvements.

  • Participate in discussions with other business units on matters relating to the loan servicing and reporting for IDB Invest transactions, and the development and implementation of new products.

  • Review and register in the loan administration system all terms and conditions of financial products’ documentation.

  • Provide input and review Development Related Assets’ disclosures in Financial Reporting.

  • Assist business units in the interpretation and application of IDB Invest policies and procedures related to lending guidelines, system functionalities, financial terms, and financial products’ information.

  • Contribute to the design, implementation, and ongoing evaluation of the internal control environment of the team.

  • Cooperate in the timely and effective implementation of audit and other recommendations related to the area.

What you'll need:
  • Citizenship: If you are not a citizen of United Stated we may offer assistance with relocation and visa applications for you and your eligible dependents.

  • Consanguinity: You have no family members (up to fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB Group.

  • Education: Bachelor's degree or equivalent in finance, business administration, accounting, or other relevant fields. CPA or CFA credential is a plus as well as a Master's degree.

  • Experience: You have a minimum of 3 years of relevant experience in loan administration, disbursements, billing, and collections, acquired within a multinational environment. Knowledge of the financial markets of the Latin America and Caribbean Region is a plus.

  • Languages: Oral and written fluency in English and another Bank language is required (Portuguese, French or Spanish). Strong communication skills are required.

Opportunity Summary:
  • Type of contract: Consultant Full Time

  • Length of contract: 19 months

  • Starting date: October 1, 2020

  • Location: Washington D.C.

  • Requirements: You have no family members currently working at the IDB Group.

Our culture: Working with us you will be surrounded by a diverse group of people who have years of experience in all types of private investment development fields, including infrastructure and energy, corporates, Financial Institutions, financial and non-financial products and services, gender and diversity, communications and much more. Because we are committed to providing equal opportunities in employment, we embrace all diversity and encourage women, LGBTQ+, persons with disabilities, afro-descendants, and indigenous people to apply. About us: IDB Invest, a member of the Inter-American Development Bank (IDB) Group, is a multilateral organization, committed to the development of the private sector of Latin America and the Caribbean by financing loans, equity investments, and guarantees. In addition, IDB Invest partners with clients to provide advisory and training services. The IDB Invest offers a competitive remuneration and benefits package. Our Human Resources Department carefully reviews all applications “Due to the current Covid-19 pandemic and its implications for our Region, the IDB Group is reviewing its hiring needs and re-prioritizing its areas of talent acquisition. We encourage candidates to continue to apply to the active postings, yet current job openings may be subject to further decisions in terms of timing of the processes, or other actions, in accordance with business needs. Final hiring decisions may also be conditioned to the candidate’s ability to timely relocate to the post of duty at the moment of starting service.” Additional Information

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