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| Syndications Analyst - 091904 |
Basics | Job #: | 091904 | | Title: | Syndications Analyst | | Job Stream: | Other | | Location: | Washington, DC | | Close Date: | 05-Nov-2009 |
| Background / General description: | | This is a limited-duration contract.
It will not be extended nor converted to another contract type.
The International Finance Corporation (IFC), World Bank Group (WBG), supports economic growth by promoting private sector development in its developing member countries through long term financing and advisory services. IFC finances investments which have a significant developmental impact, are commercially viable, environmentally sustainable and socially sound.
The B Loan Management (BLM) Division is the portfolio side of the Syndications Department. The Division manages a Syndicated Portfolio of approximately $8.0 billion and is responsible for the contract management of over 800 individual participation agreements involving more than 200 Financial Institutions and Development Finance Institutions (DFIs). In particular, the Division is responsible for any issues affecting IFC s Syndications portfolio participants, including: (i) working with the participants on all jeopardy accounts and restructurings; (ii) fully understanding IFC s contractual responsibilities to the participants and making decisions accordingly; (iii) managing all amendment and waiver requests which require participant input; (iv) handling all participant portfolio correspondence; and (v) monitoring and distributing all financial and project information.
The Global Trade Liquidity Program (GTLP) is a global trade finance initiative designed to respond to the global constraints affecting trade finance, specifically to address the liquidity constraints on financial institutions and the real sector enterprises engaged in trade. Through the GTLP, aggregated funding from IFC, DFIs, and governments of up to US$5 billion (including IFC for up to US$1 billion), will be mobilized and disbursed to selected banks over the next 3 to 9 months. IFC will act as Agent for the Program Participants joining the GTLP program.
BLM is currently functioning in an “agency” role for the IFC B loan program. Using this platform, we are now taking on a complementary agency role for the GTLP program which would entail IFC acting as agent for the Program Participants coordinating: a) reporting, b) waivers/amendments, and c) funding/billing. The new agency role is expected to result in a more coordinated, effective, and efficient approach to the management of the GTLP loans.
Significant coordination with Financial Operations and the GTLP operations group in CGF are the key contact points for this new function. Communication with the Program Participants and the borrowers is also expected to be a key responsibility | Duties and Accountabilities: | | The Syndications Analyst will provide support to an Officer(s) and the GTLP team as follows:
(a) Review new GTLP loan agreements to enter financial and project
information in databases and ensure IFC s compliance with contractual
responsibilities.
(b) Prepare documentation for new GTLP loans and ensure accuracy and
timely submission to Financial Operations Unit.
(c) Monitor accounting transactions related to GTLP participant billings,
payment and rate set notices, and follow-up on issues or corrective
actions as needed.
(d) Respond to participants inquiries related to payments and questions
about reconciliation.
(e) Respond to inquiries on portfolio reporting, communicate events of
default, seek consent when required, and distribute reporting
requirements as specified in the respective GTLP loan agreements.
(f) Liaise with GTLP Investment team, Legal Departments and the Financial
Operations Unit as required.
(g) Update databases to reflect correct information on GTLP participants
contacts and correspondent banks.
(h) Oversee portfolio reporting including generate quarterly portfolio reports
which would include ad hoc GTLP Loan statistics needed for
presentations, GTLP group or senior management.
(i) Take up additional duties as needed | Selection Criteria: | | - A bachelor s degree with a major in business administration, accounting, finance, computer technology and systems design with 2 or 3 years of experience in related fields, e.g. commercial loan processing/administration; or equivalent combination of education and experience
- Knowledge of IFC systems (Idesk and MIS proficiency), procedures (in particular, IFC Project Supervision Procedures), and documents a strong plus.
- Strong analytical, administrative and organizational skills
- High degree of Excel proficiency and attention to detail
- Ability to work in a team environment with good interpersonal and communications skills; as well as ability to work under pressure.
- High degree of motivation, flexibility, and reliability
- Fluency in written and spoken English.
Only online applications will be accepted (i.e., no applications via email). Only short-listed candidates will be contacted. Please refrain from calling or emailing to check status, as this can be monitored in the Recruitment Portal. |
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