Vacancies at OPEC Fund for International Development

The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are:  Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.

We are recruiting to fill the position below:

Job Title: Building and Facility Specialist

Location: Austria
Department/Unit: Corporate Services / Building and Facility
Contract Type: Fixed Term Contract
Grade: Professional
Job Category: F
Recruitment Status: International

Job Profile

• The incumbent will enhance the OPEC Fund’s Building and Facility Management (BFM) team by coordinating and facilitating technical consulting, engineering, and construction works for the Fund’s premises.
• This role involves regular engagement with the Project Manager and selected construction contractors for renovation projects, as well as ensuring quality assurance across the BFM portfolio.
• While the primary focus will be on renovation projects, post-handover responsibilities will expand to include other BFM tasks as determined by the Director of ASU.

Duties and Responsibilities

• Coordinates project interfaces for planning, design, and construction per OPEC Fund requirements.
• Reports and communicates project issues to the task force promptly.
• Collaborates with stakeholders to ensure timely and budget-conscious project deliverables.
• Monitors and presents project progress to the task force.
• Provides technical support for unforeseen project issues.
• Assists in negotiations and prepares necessary documentation.
• Establishes quality control measures for contractor services.
• Ensures contractor work meets contracted requirements and manages deviations.
• Manages scope changes to minimize time and cost impacts.
• The annual workload includes monitoring maintenance contracts, providing project assistance and performing small-scale maintenance jobs, amongst others.
• Oversees and coordinates maintenance works to ensure facilities are well-maintained and operational.
• Performs any other activity within BFM and as assigned by Head, Buildings and Facilities Management

Qualifications and Experience

• Bachelor’s Degree in Engineering Management, Construction Management, Architecture, Facilities Management, or any other relevant engineering-related discipline
• Certification in Project/Program management is desirable. (e.g., PRINCE2, Agile, Scrum).
• A minimum of 5 years relevant professional experience,
• Fluent in English and German. Good working knowledge of Arabic, French or Spanish is an added advantage.

Competencies:

• Ability to Work Under Pressure – The capacity to remain composed, focused and productive when facing tight deadlines, high-stakes situations and demanding workloads.
• Collaboration and Teamwork – The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.
• Customer Centricity  – The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships.
• Cross-Cultural Sensitivity – The ability to take into account the variety of the human experience and how it contributes to the workplace and to demonstrate  respect for diverse cultures and viewpoints.
• Problem Solving Ability – The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges.
• Sense of Responsibility – The ability to demonstrate ownership and accountability in tasks and outcomes; uphold reliability and commitment to fulfilling responsibilities.

Required Languages:

• English / German

Application Closing Date
2nd March, 2025

How to Apply
Interested and qualified candidates should:
Click here to apply online

Note: This is a re-opening of the vacancy. Candidates who already applied do not need to re-submit their application.

Job Title: Director, Financial Controls

Location: Austria
Department / Unit: Finance / Financial Controls
Required Languages: English / German
Contract Type: Fixed Term Contract
Grade: Management
Job Category: H
Recruitment Status: International

Job Profile

• The Director, Financial Controls, is responsible for managing and executing the work plan of the financial controls unit in accordance with the institutional strategy and framework, to ensure a robust internal control framework and delivery of financial statements in full adherence to accounting standards, Fund’s policies and priorities as well as best practices.

Duties and Responsibilities
Financial management and control:

• Ensures quality controls over financial transactions, maintains accurate records of accounts and supporting documents for all financial transactions of the OPEC Fund
• Manages the financial reporting requirements of the OPEC Fund and any special funds under the OPEC Fund’s administration to safeguard financial integrity and ensure compliance with International Financial Reporting Standards and other Special Accounting Standards
• Supports quarter-end and year-end accounting close process
• Authorizes all administrative payments in accordance with the relevant approvals, rules and guidelines
• Verifies compliance with financial/accounting rules and procedures, including cost center allocation
• Promotes a sound internal control environment by managing the design, implementation, update, and dissemination of policies, procedures and guidelines for recording, processing and reporting financial transactions
• Identifies opportunities for innovation and implementation of best practices, system updates and workflows optimization

Back Office:

• Oversees banking and custodian relationships to ensure all financial transactions are executed and settled timely
• Supports treasury on a wide-range of activities, including cash and liquidity management, foreign exchange, funding and reporting valuations externally to the Custodian and internally for accounting purposes
• Reviews and authorizes the confirmation of treasury deals, in accordance with the approvals and established procedures, rules and regulations
• Supervises the creation and maintenance of business partner records

Leadership and direction:

• Provides leadership and manages a highly skilled, multicultural diverse team of professionals with direct reporting from Accounting (Financial Controls and Reporting) and Back Office
• Leads by example, inspiring and motivating the team to maintain the highest level of engagement with the institution
• Drives and supports change management initiatives
• Manages the relationship with external auditors to assist them to discharge their responsibilities; accountable for all submissions to the Audit & Risk Committee that relate to Finance
• Develops and mentors staff and supports personal development plans

Capability building:

• Contributes to the strengthening and capacity building of the OPEC Fund by developing and/or improving management and organizational processes and procedures; participates in the committee/s relevant to these matters

Carries out other tasks assigned by the Vice President, Finance that are related to the job function.

Qualifications and Experience

• Master’s Degree in Accounting and Control / Business Administration, majoring in Accounting, Financial Management and other related field.
• A recognized accounting certification such as the CA or CPA is required
• A minimum of 15 years relevant professional experience.
• Preferably seven years at a senior level in an international banking institution
• Fluent in English. Good working knowledge of Arabic, French, German or Spanish is an added advantage.

Competencies:

• Leadership & People Management – The ability to guide and empower team members effectively; cultivate a positive work climate; delegate tasks skillfully and nurture team members’ growth.
• Results Orientation – The ability to set ambitious targets for self and the team; drive progress toward objectives; initiate actions to achieve desired outcome,
• Creativity, Initiative & Innovation – The ability to nurture novel concepts and inventive approaches; take calculated risks to foster innovation; identify chances for process enhancements and expansion.
• Trustworthiness, Ethics & Governance -The ability to act with integrity and transparency; safeguard confidentiality; demonstrate ethical decision-making and interactions; to adhere to organizational regulations and ethical benchmarks, foster a culture of compliance and strong governance; ensure team members understand and adhere to protocols.
• Business Alignment – The ability to align team objectives and undertakings with broader organizational aims; make decisions contributing to the organization’s strategic direction.

Application Closing Date
1st March, 2025.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Multimedia Associate

Location: Austria
Department/Unit: Corporate Services / Building and Facility
Contract Type: Fixed Term Contract
Grade: Para Professional
Job Category: E
Recruitment Status: International

Job Profile

• The Multimedia Associate will be responsible for creating, managing, and editing high-quality video, photographic content and graphic design that supports the OPEC Fund’s branding, marketing and communication efforts.
• This role demands a highly creative and technically skilled individual with professional experience in video production, photography and post-production.
• The ideal candidate should possess a strong visual storytelling ability and be comfortable working both independently and collaboratively in a fast-paced environment, in accordance with the Communication Strategy, to ensure the Organization’s work is highly visible (internally and externally) via innovative and high-impact communication.

Duties and Responsibilities
Photography:

• Capture high-quality images for campaigns, events and other corporate needs.
• Direct photo shoots, including setting up lighting, selecting locations and guiding subjects to achieve the desired results.
• Edit and retouch photos to meet the OPEC Fund’s standards for quality and aesthetics.

Video Production:

• Plan, shoot, and edit photo and video content for publication at OPEC Fund’s internal and external communication channels. Coverage includes high-level missions, projects and events, as well as staff engagements and interviews.
• Handle all aspects of video production, including scripting, storyboarding, lighting, sound, editing and post-productions.
• Ensure videos align with the OPEC Fund’s brand guidelines and effectively communicate key message.

Post-Production:

• Edit photos and video footage, including color grading, sound design and employing effects and animation.
• Deliver final photo and video content in the appropriate formats for various uses and platforms, such as social media, publications, intranet, presentations, events and other internal/external communications.

Graphic Design:

• Create or adapt graphics for various applications and platforms, including social media, website, intranet and internal screens.
• Collaborate with colleagues and teams to develop and execute visually compelling concepts.
• Ensure all designs adhere to brand guidelines and maintain consistency in visual identity.

Content Management:

• Maintain and organize a comprehensive library of multimedia assets, ensuring they are correctly tagged and archived for easy retrieval.
• Ensure all content is backed up and stored securely.

Collaboration:

• Work closely with colleagues and other departments to understand their video and photography needs.
• Provide creative input during brainstorming sessions and collaborate on concept development.

Quality Control:

• Review and ensure all video and photographic content meets the highest quality standards before release.
• Perform technical troubleshooting as needed to resolve any issues during production or post-production.

Innovation:

• Stay informed about the latest trends and advancements in video production and photography, and incorporate new techniques and technologies.
• Suggest new ideas and creative approaches to enhance the visual impact of the OPEC Fund’s video and photo content.

Reporting:

• Obtain quotes and offers for new products or service, presents comparison reports and recommends best options.
• Use data and insights to produce clear performance reports and reviews, and translates these into improvement plans.

Qualifications and Experience

• Bachelor’s degree, or equivalent advanced diploma, in Media Technology, Photography, Communication, or related studies.
• A minimum of three (3) years relevant professional experience.
• Experience within a fast-moving communications agency or corporate team, and supporting projects from concept to final delivery is required.
• Proven experience in video production, photography, and graphic design, with a strong portfolio showcasing your work in all three areas.
• Proficiency in video editing software (e.g., Adobe Premiere Pro, Final Cut Pro) and photo editing software (e.g., Adobe Photoshop, Lightroom).
• Strong understanding of visual composition, lighting, and audio recording.
• Excellent attention to detail and a keen eye for visual storytelling.
• Fluent in English. Good working knowledge of French, Arabic or Spanish is an added advantage.

Competencies:

• Subject Matter Knowledge – The in-depth understanding and expertise in specific fields relevant to the OPEC Fund’s operations and the individual’s role.
• Collaboration and Teamwork – The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.
• Communication – The ability to relay ideas, information and messages effectively and succinctly to a variety of audiences.
• Customer Centricity  – The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships.
• Effective Planning and Follow Up – The ability to set clear goals and priorities; skillfully organize tasks for efficiency; consistently follow through on commitments and plans.

Technical Competencies:

• Proven experience in video production, photography, and graphic design, with a strong portfolio showcasing your work in all three areas.
• Proficiency in video editing software (e.g., Adobe Premiere Pro, Final Cut Pro) and photo editing software (e.g., Adobe Photoshop, Lightroom).
• Strong understanding of visual composition, lighting, and audio recording.
• Excellent attention to detail and a keen eye for visual storytelling.

Application Closing Date
9th March, 2025.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Investment Manager (Portfolio Management Unit)

Location: Austria
Department / Unit: Private Sector Operations / Portfolio Management
Required Languages: English / German
Contract Type: Fixed Term Contract
Grade: Professional
Job Category: F
Recruitment Status: International

Job Profile

• This position is responsible for managing a portfolio of the Private Sector Department’s loans (mainly in infrastructure and financial institution sectors), including loan negotiation, implementation of approved operations and continuous monitoring of the assigned portfolio, all in accordance with related finance documents, the departmental strategy and framework and the OPEC Fund’s policies and procedures, in order to contribute to a compliant and optimal project portfolio.

Duties and Responsibilities
Review & analysis and reporting:

• Reviews and negotiates legal documentation
• Reviews actual and projected annual disbursement
• Supervises processing disbursement requests, review of withdrawal applications, verification of compliance with disbursement conditions/loan covenants, and follow up on submission of required documents and review of their completeness/validity
• Reviews financial covenants, financial model, compliance certificates, external project reports, and other financial reports of borrowers
• Prepares and reviews credit risk rating and monitoring reports (quarterly or annually)
• Reviews and processes waiver, amendment, consent, and rescheduling/restructuring requests
• Conducts monitoring missions and if required, participates in appraisal/due diligence missions
• Stays abreast of country, sectoral, market and product developments
• Provides recommendations and suggestions to the Director, Portfolio Management for any improvement of the work efficiency and productivity.

Stakeholder management and engagement:

• Negotiates and closes new transactions with borrowers, shareholders, and co-lenders
• External stakeholder management, which are mainly borrowers, co-financiers, and external advisors in order to monitor project implementation in line with the provisions of signed agreements and approved procedures
• Internal stakeholder management, mainly with Risk Management Department, Legal Department, Loan Management, Development Effectiveness, and ESG
• Participates in departmental working groups and organizational taskforces as required
• Represents the OPEC Fund at external conferences, meetings, symposia, and other external events in connection with project review and monitoring.

Carries out other tasks that are related to the job function, assigned by the Director Portfolio Management.

Qualifications and Experience

• Master’s Degree in Accounting, Finance, Commerce, Economics or a (closely) related field.
• A minimum of five (5) years relevant professional experience, of which 3 years should have been obtained within the Private Sector department of a major international development finance institution and/or within a banking environment (including commercial or investment banking, or fund management)
• Experience in managing a portfolio of financial institutions and or project and corporate finance transactions
• Sound negotiation skills, including negotiating loan documentation
• Demonstrated quantitative, qualitative, financial analysis and financial modelling skills
• Strong analytical and problem-solving skills as well as sound business judgment to identify issues and present creative and practical solutions
• Sound financial analytical writing skills with focus on detail
• High initiative and ability to work independently as well as with team members in a collaborative environment
• Strong sense of responsibility
• Strong interpersonal skills with a high level of integrity and drive for achieving results
• Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity
• Fluent in English. Good working knowledge of Arabic, German or Spanish is an added advantage.

Competencies:

• Subject Matter Knowledge – The in-depth understanding and expertise in specific fields relevant to the OPEC Fund’s operations and the individual’s role.
• Collaboration and Teamwork – The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.
• Customer Centricity  – The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships.
• Effective Planning and Follow Up – The ability to set clear goals and priorities; skillfully organize tasks for efficiency; consistently follow through on commitments and plans.
• Sense of Responsibility – The ability to demonstrate ownership and accountability in tasks and outcomes; uphold reliability and commitment to fulfilling responsibilities.

Application Closing Date
1st March, 2025.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Investment Manager (Business Development Unit)

Location: Austria
Department / Unit: Private Sector Operations / Business Development
Required Languages: English / German
Contract Type: Fixed Term Contract
Grade: Professional
Job Category: F
Recruitment Status: International

Job Profile

• The incumbent plays a pivotal role, in OPEC Fund’s Private Sector Department, in identifying and evaluating investment opportunities in accordance with OPEC Fund’s strategies, policies and procedures.
• The Investment Manager is responsible for establishing and maintaining relationships with partners and for the origination, project screening, due diligence and presentation of new credit, guarantee and investment approvals for credit committee recommendation and Governing Board approval.

Duties and Responsibilities
Business Development:

• Establishes and maintains relationships with partners including sponsors, MDBs/DFIs and commercial banks
• Establishes and maintains regular contact with existing partners in order to develop pipeline for current and future years
• Conducts business development missions to identify and qualify potential partners
• Stays abreast of country, sectoral, market and business developments/new projects
• Assists the Director, Business Development Unit in preparing marketing plans to improve business development capabilities and identify new opportunities for the OPEC Fund to increase the level of business origination.

Transaction Appraisal:

• Conducts thorough appraisal/due diligence of new projects under consideration with a focus on financial institutions and/or infrastructure projects
• Reviews and assesses all aspects of new projects (including financial viability, creditworthiness, development effectiveness, ESG, KYC and other internal requirements).

Stakeholder management and engagement:

• Represents the institution at conferences, meetings, symposia, and other external events
• Ensures proper communication and collaboration with internal stakeholders

Carries out other tasks that are related to the job function, assigned by the Director, Business Development Unit.

Qualifications and Experience

• Master’s Degree in Accounting, Finance, Economics or a (closely) related field
• A minimum of five (5) years relevant professional experience, of which at least two (2) years should have been obtained within the Private Sector division of a major international development finance institution; a banking environment (including commercial or investment banking, fund management or a development bank); a commercial/development environment of relevance to the OPEC Fund’s operations and job profile
• Experience in investment transactions, with proven success in developing client relationships as well as sourcing, negotiating, structuring and executing investments
• Demonstrated quantitative, qualitative, financial analysis and financial modelling skills
• Strong analytical and problem-solving skills as well as sound business judgment to identify opportunities and drive business growth
• Sound financial analytical writing skills with focus on detail
• High initiative and ability to work independently as well as with team members in a collaborative environment
• Strong sense of responsibility
• Strong interpersonal skills with a high level of integrity and drive for achieving results
• Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity
• Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage

Competencies:

• Subject Matter Knowledge – The in-depth understanding and expertise in specific fields relevant to the OPEC Fund’s operations and the individual’s role.
• Collaboration and Teamwork – The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.
• Customer Centricity  – The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships.
• Effective Planning and Follow Up – The ability to set clear goals and priorities; skillfully organize tasks for efficiency; consistently follow through on commitments and plans.
• Sense of Responsibility – The ability to demonstrate ownership and accountability in tasks and outcomes; uphold reliability and commitment to fulfilling responsibilities.

Application Closing Date
1st March, 2025.

How to Apply
Interested and qualified candidates should:
Click here to apply online