IDB Invest - Loan Administration Officer - Back Office

What you'll do:

Handle and execute the 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, overseeing also 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 provides 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.
Perform and review loan reconciliation and reports, including the reconciliation between loan sub-ledger and corresponding general ledger accounts, and reconciliations with IDB.
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.
Lead the design, implementation and ongoing evaluation of the internal control environment of the PAU.
Cooperate in the timely and effectively implementation of audit and non-audit recommendations related to the area.

Education: You hold Master's degree or equivalent in finance, business administration, accounting, or other relevant field. CPA or CFA credential is desirable.
Experience: You have a minimum of 5 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.
Systems: You proficiency in Loan Management Systems and Microsoft Office suite is highly desirable, with emphasis in running queries from systems' databases and advance Excel spreadsheets knowledge.
Requirements: You are a citizen of one of the IDB Group member countries and have no family members currently working at the IDB Group.

Opportunity Summary:
Type of contract: Fixed-Term
Length of contract: 3 years
Starting date: As soon as possible
Location: Washington D.C.

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.

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 Group is the leading source of development finance for Latin America and the Caribbean. It helps to improve lives by providing financial solutions and development know-how to public and private sector clients. The group comprises the IDB, which has worked with governments for 60 years; IDB Invest, which serves the private sector; and IDB Lab, which tests innovative ways to enable more inclusive growth.

The IDB Invest offers a competitive remuneration and benefits package.

The IDB Invest is committed to diversity and inclusion and to providing equal opportunities in employment. We embrace diversity based on gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, and religion. We encourage women, Afro-descendants and persons of indigenous origins to apply.