Finance Officer at Trade and Development Bank (TDB)

Job Description

TDB, the oldest bank of Mongolia, prides itself for its leading position in the universal banking service provider, offering over types of international standard banking products, professional and user friendly banking services.

Job Summary

The Finance Officer is responsible for the management of the Bank’s loan portfolio in line with the Bank’s policies as well as International Financial Reporting Standards (IFRSs); ensuring completeness and accuracy of the Bank’s loan records and that its income is completely accounted for and fairly stated; and for providing loan reports and related disclosures.

Duties and Responsibilities

The Finance Officer is responsible for:

Ensure that loan related transactions and functions are carried out accurately and timely. Preparing billing statements in accordance with loan agreements and tracking the repayment of amounts due ensuring control of the billing cycle to ensure completeness. Carrying out loan administration tasks including, creating and maintaining client master records, timely booking of disbursements, and attending to client queries and correspondence. Preparation of monthly loan portfolio reports. Providing guidance to business units on loan operations. Extracting and providing information for covenant reporting. Reconciling monthly sub-ledger balances with the nominal ledger. Providing information on loan transactions through monthly disbursements listing, daily receipt allocations, SOFR reference spreadsheet and loan classifications, etc. Addressing discrepancies and preparing and posting journals. Applying rules, sanctions and covenants to transactions and records. Identifying areas for improvement and system enhancements in loan operations. Carrying out periodic database reviews. Providing financial perspective and technical advice in committees and task forces. Guiding management decisions and actions.

Duty Station

The duty station is Nairobi, Kenya.

Qualifications and Competencies

A master’s degree in Accounting or Finance or related field from a recognized institution. Relevant professional qualification such as Certified Public Accountant (CPA), Association of Chartered Certified Accountants (ACCA), Chartered Accountant (CA) or Chartered Institute of Management (CMA). A minimum of 5-8 years relevant professional experience preferably in a financial institution environment. Excellent knowledge of financial management concepts and ability to carry out loan accounting and administrative functions. Strong quantitative and analytical skills, and adept in financial modelling. Competence in the use of ERP systems such as SAP and proficiency in the use of computer programs including MS Office applications. Results oriented individual with excellent written and communication skills with proven ability to rapidly produce quality reports and ability to work in a multicultural setting. Proven organizational, problem solving and decision-making skills with the ability to build partnerships, work in multinational teams, deliver results and manage client relationships. Fluency in English is a requirement, and knowledge of TDB Group’s other working language (French) would be an added advantage.