How to Apply for The OPEC Fund for International Development

How to Apply for The 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: Country Manager

Location: Austria
Employment Type: Fixed Term Contract

Job Profile

• In co-operation with the Regional Director, the Country Manager leads and oversees the identification, development, appraisal, approval and implementation of Public Sector projects.
• The position contributes to the development of policies and strategies in the portfolio-countries and supports the achievements of the regional and departmental objectives and targets.
• The Country Manager is responsible for identifying and recommending options and solutions for the optimum deployment of financing resources in the portfolio-countries, including the development, implementation and monitoring of country operational strategies and business plans.
• Working together with the Regional Director, the Country Manager also leads and oversees relations with the portfolio countries and other relevant partners.

Duties and Responsibilities
Policy Development and Implementation:

• Conducts regular assessments for assigned portfolio countries, to support the development of short-medium term strategies (3 year objectives) in coordination with the Regional Director, partners and other donors.
• Coordinates the preparation of country operation strategies, country business plans, to support the achievement of the regional business plan.
• Coordinates the implementation of the annual work plan for the assigned portfolio, in co-operation with the Regional Director, ensuring alignment with the regional and departmental objectives, targets and KPIs.
• Coordinates work with the Regional Director, as well as other departments on project, strategy and policy related matters.

Project cycle (Project Development and Processing):
In tandem with the Regional Director the Country Manager:

• Contributes to the identification of a pipeline of projects and identifies opportunities through partner outreach and project screening.
• Supports the sourcing of new projects and co-financing opportunities, by leveraging professional networks and relationships.
• Evaluates financing opportunities and provides support on the initial risk and financial assessments of the projects.
• Participates in project appraisal, including technical, economic, and ESG analysis, as well as project administration design.
• Coordinates and supports the full project life cycle including project identification, preparation, concept and terms clearance, due diligence and appraisal, interface with technical and loan committee as well as with management and the Governing Board.
• Ensures that legal documentation is successfully concluded (loan signed and declared effective) in a timely manner through negotiations with Government and partners with the support of the legal counsel.
• Supports project implementation, ensuring compliance with covenants, achievement of contract awards, and planned disbursements in order to achieve the envisaged project outcomes.
• Contributes to the implementation of projects, in coordination with project management teams and executing agencies, developing practical and innovative solutions to facilitate implementation, resolve implementation problems, as well as incorporates lessons learnt into the project implementation framework.
• Facilitates the procurement and disbursement processes for the project, insuring achievement of contract award, as well as successful disbursement.
• Manages day to day project administration, providing support to the team responsible for disbursements and loan servicing (repayments) and coordinating with Loan Management and Risk Management.

Capacity Building, Knowledge Sharing and Supervision:

• Recommends and supports the implementation of individual annual work program and budget (AWPB) for the assigned countries, including proposed missions and trainings.
• Contributes to institution building, and builds and shares knowledge through participation in task force groups and other meetings.
• Participates and contributes to relevant learning activities for advocacy, and knowledge building.
• Enters, updates and validates data/ information related to the assigned countries into the Management Information System (MIS/ SAP/ EDMS)
• Coaches and supervises newly appointed analysts and interns.

Partners and Relationships Management:

• In cooperation with the Regional Director, maintains active relationships and creates new partnerships with governments, executing agencies, partner institutions with the aim of expanding strategic partnerships in the portfolio countries.
• Maintains and fosters relationships with governments’ authorities, and DFIs to maximize potential for co-financing and catalyzing resources from partners.

Qualifications and Experience

• Master’s Degree in Economics, Finance, Engineering or a related field.
• A minimum of 5 years relevant professional experience, preferably, 2-3 years of experience in an international environment.
• Good knowledge of procurement procedures and processes.
• Demonstrable project management knowledge and skills.
• Good understanding of developmental project appraisal skills and knowledge.
• Demonstrable experience in socio-economic evaluation and impact analyses.
• Ability to work well in a small team, operate under pressure, prioritize and deliver high quality work within deadlines, and meet team objectives.
• Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.
• Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Application Closing Date
29th February, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Head, General Services

Location: Austria
Employment type: Fixed Term Contract
Department: Corporate Services Department / Administrative Services Unit / General Services

Job Profile

• The incumbent oversees the day-to-day implementation of all activities relating to general services, including but not limited to: work space management, security management, registry, transport services, health and safety, host country government liaison, travel management, sustainability initiatives, as well as other related activities, in accordance with departmental strategy.

Duties and Responsibilities
Lead and manage the General Services Function and provide effective and timely support to Registry, Government Liaison, Travel, Security and Transport through:
People management:

• Manage, coach/mentor and supervise Employees in the General Services Function.
• Preparation of inputs for the work program of the Function, identifying priorities, and allocating resources for the timely delivery of outputs.

Host Government Liaison and external relations:

• Supervises the administration of formalities / external relations with the authorities of the host country (e.g. administration of the legitimation card, monitoring and advising on the diplomatic privileges afforded to Employees) as well as assisting Employees regarding requests from external organizations.
• Oversees activities with regards to Staff Members’ Legitimation Cards, Visas etc. as well as ensuring that eligible Staff Members are provided with the diplomatic privileges and immunities that go with their status, in accordance with the Headquarters’ Agreement.

Functional strategy formulation and regulatory compliance:

• Participates in the development of the Administrative Services work strategy, as well as manages the delivery of the strategic initiatives in line with the 2030 Strategic Framework.
• Ensures the establishment of a framework and procedures with regard to workplace management, as well as, substantive work programs and programmed activities being carried out in line with established rules and procedures.
• Coordinates and monitors all matters related to Health, Safety and Security activities.
• Develops and implements the regulatory documents related to the Function’s mandate, including the development of SOPs.
• Focal point for the response and monitoring of internal audit and compliance observations; i.e. review draft reports, highlight issues, draft replies on related recommendations and follow up on actions as applicable.

Stakeholder management:

• Participate in cross cutting OPEC Fund matters, including participation in working groups as defined by the Director, Administrative Services Unit.

Work scheduling and allocation:

• Oversees and coordinates the allocation of office space and office planning, forecast of future space requirements in the OPEC Fund, including health, safety and security arrangements.
• Responsible for supply and inventory and departmental property management.
• Contracts management of goods and services under the responsibility of the General Services Function.
• Prepares budget, manages and monitors budget expenditure for the General Services Function.

Expatriate relocation:

• Manages the relocation services provided to international Employees on appointment and separation, ensuring the provision of all logistical assistance required for their resettlement.

Reporting:

• Compiles statistics relating to the operations of the General Services Function; prepares relevant reports on a regular basis and periodically delivers presentations on such to management and Employees.
• Ensures compliance with the relevant procedures and produces clear and objective reports based on comprehensive data analysis.

Correspondence:

• Supervises the registry, travel and transportation activities, including official travel, visa and tax declaration services.
• Directs all transport operations and drivers’ assignments.
• Carries out other tasks assigned by the supervisor, which are relevant to the position (i.e., assistance to Director, Administrative Services Unit in the day-to-day administrative operations of the unit).

Qualifications and Experience

• Master’s Degree in Business or Public Administration, Management, Commerce, Personnel Management, Economics or relevant field.
• A minimum of 10 years relevant professional experience, of which 5 years should have been obtained within an MDB or an international institution.
• Experience in new business development and innovative projects.
• Experience in drafting SOPs and workspace management procedures.
• Professional experience in either managing partnerships or the engagement of external partners, supply chain management, property management, procurement, contract management or related area is highly desirable.
• Supervision a number of teams covering multiple disciplines is desirable.
• Experience in data analytics or related area is desirable.
• Thorough understanding of General Services principles, processes and instruments as well as organizational and general management concepts is desirable.
• Fluent in English. Fluency in German is highly desirable. Good working knowledge of either Arabic, French or Spanish is an added advantage.

Competencies:

• The ability to leverage advanced expertise and analyze complex scenarios, guide team members and make informed decisions.
• Maintains composure and focus during high pressure situations, effectively guiding the team, managing stress and ensuring critical tasks are completed on time.
• Actively fosters a cohesive team environment and open communication, ability to guide and empower team members effectively; cultivate a positive work climate; delegate tasks skilfully and nurture team members’ growth.
• Focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships.
• Demonstrates ownership and accountability in tasks and outcomes; uphold reliability and commitment to fulfilling responsibilities, guiding the team member’s sense of responsibility and fostering a culture of dependability.
• Analyzes information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications
• Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Application Closing Date
3rd March, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Operations Planning & Support (OPS) Analyst

Location: Austria
Employment type: Fixed Term Contract
Department: Public Sector Operations Department (PSOD) / Operations Planning & Support (OPS) Unit

Job Profile

• The Operations Planning & Support (OPS) Analyst provides analytical and procedural support to the Operations Planning & Support Unit for portfolio analysis and management and performs a full range of administrative, data collection, analytical and professional support duties, in order to support the Director, Operations Planning & Support.

Duties and Responsibilities
Administration:

• Provides operational support that contributes to the Operations Planning & Support Unit output and mandate.
• Contributes to the preparation and the monitoring of the Department’s Annual Work Plan and Budget.
• Assists in the follow-up on cooperation opportunities, projects, partnerships and activities to enhance OPEC Fund competitiveness.
• Assists in the input for Department performance parameters and indicators, Dashboard, KPIs and reports.
• Extends help in preparing communication, publications and other public information matters pertaining to the Public Sector Operations Department (PSOD).
• Follows up and ensures that target dates and deadlines are met and that correspondence and queries are responded to in a timely manner.

Data Collection and Analysis:

• Collects and provides data that are necessary for the execution of the Work Plan.
• Gathers data according to requirements and creates reliable data platforms.
• Validates information to establish its accuracy and resource reference.
• Carries out collection and analyses of data related to the performance of the active projects in the portfolio of PSOD.
• Conducts ad-hoc analysis as required.

Document Preparation:

• Provides analytical inputs to reports and documents.
• Assists in preparing briefs, reports and presentations using PowerPoint and other software packages.
• Reports on accuracy and completeness of MIS/EDMS data regarding PSOD’s portfolio.
• Contribute to the preparation of all communication, publications and other public information matters pertaining to PSOD.

Coordination:

• Liaises, on behalf of the Operations Planning & Support Unit, with staff inside and outside the Department/Unit, to give or obtain information.
• Assists with the coordination of submissions in relation to budget, reports, documents, presentations and work programs.
• Perform other duties as required by the Director.

Qualifications and Experience

• Bachelor’s Degree in Economics, Political Science, Finance, Management  or a related field.
• A minimum of 5 years relevant professional experience, preferably of which 2 years should have been at an international development finance institution.
• Strong quantitative/numerical skills with experience interpreting data are required.
• Robust analytical skills are required.
• Proficiency in Microsoft Office suite, including Word, Excel and PowerPoint.
• Fluent in English, including excellent presentation skills. Good working knowledge of French, Arabic, Spanish, Russian or Portuguese 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.
• Decision making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
• Problem Solving Ability – The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges.

Application Closing Date
19th March, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Senior Project Procurement Specialist

Location: Austria
Employment type: Fixed Term Contract
Department: Operations Planning & Support Unit / Public Sector Operations Department (PSOD)

Job Profile

• The Senior Project Procurement Specialist contributes to the development and update of procurement policies and procedures and is responsible for planning, coordinating and monitoring project procurement related activities.
• The position ensures effective compliance with the procurement guidelines for successful appraisal and implementation of approved development projects.
• The incumbent provides technical advice to the Regional Units in the preparation of project procurement strategies and plans and in responding to project procurement needs.
• Further, the Senior Project Procurement Specialist contributes to capacity building programs for internal staff and external clients.

Duties and Responsibilities
Policies, Procedures & Processes:

• Provides significant input and recommendations in the development of the OPEC Fund’s Project Procurement Guidelines based on the Partner Countries’ needs, OPEC Fund priorities and the latest trends observed in public procurement and among MDBs.
• Accountable for policies, procedures and processes (implements and interprets policies and procedures contained in the Procurement Guidelines).
• Develops and updates standard project procurement documents relevant to the project procurement cycle for the selection of contractors, suppliers and the use of consultants.
• Provides technical advice to the Country Managers in the preparation of project procurement strategies and plans.

Project Procurement Management:

• Provides specialist advice and support to the Country Managers on procurement matters in the preparation, appraisals and implementation of complex projects.
• Helps to finalize procurement arrangements for all new projects to ensure quality at entry and project readiness.
• Participates in the review and approval of procurement documents when deemed necessary.
• Participates in the approval of award recommendations for the procurement of goods and works and for the selection of project consultants.
• Develops, enhances and manages Project Procurement Compliance and Oversight Function across the Regional Units of PSOD.
• Contributes to the resolution of procurement issues form various stakeholders specially related to the review of specific integrity cases and the complaint handling mechanism of the OPEC Fund.

Knowledge Management and Innovations:

• Initiates innovative ideas and improvement proposals as well as providing expertise, recommendation, advice and guidance to Country Managers on procurement matters.
• Leads and participates in the capacity development / training programs of the key stakeholders in project procurement.
• Ensures effective dissemination of lessons learnt and best practices on procurement matters to promote knowledge at OPEC Fund.
• Encourages collaboration and communication with other departments/entities in the area of project implementation follow-up.
• Leads the following-up of agreed actions to ensure that they are effectively implemented.

Partnership:

• Contributes to the efforts to strengthen partnership with other development partners and stakeholders in procurement related aspects.

Reporting:

• Prepares periodic briefs on procurement related issues in-order to ensure that concerned parties are briefed regularly on procurement activities.
• Perform other duties as required by the Director, Operations Planning & Support Unit.

Qualifications and Experience

• Master’s Degree in Engineering or Economic, Business Administration, Public Procurement or a related field or a related field.
• A minimum of 8 years of experience in project procurement in a multi-lateral sector, preferably of which 3 years should have been at an international development finance institution.
• Certification in purchasing / procurement is highly desirable.
• Robust analytical skills with regard to public procurement and development finance are required.
• Experience in Procurement Project Risk Assessment are required.
• Project Management skills are required.
• Proficiency in Microsoft Office suite, including Word, Excel and PowerPoint.
• Fluent in English. Good working knowledge of French, Arabic, Spanish, Russian or Portuguese 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.
• Decision making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
• Problem Solving Ability – The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges.

Application Closing Date
19th March, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Senior Environmental and Social Specialist

Location: Austria
Employment type: Fixed Term Contract
Department: Strategic Planning & Economic Services Department / Sustainability and Climate Change Unit

Job Profile

• The role, within the Sustainability and Climate Change Unit will include environmental and social due diligence of lending programs, both for private and public sector operations.
• The incumbent is responsible for ensuring compliance of projects with Environmental, Social and Governance (ESG) Policy both at the time of project preparation and implementation.
• The incumbent supports the Senior Advisor, ESG in developing Environmental and Social (ES) due diligence templates, capacity building of staff and enhancement of policy documents.

Duties and Responsibilities
Policy assurance and review:

• Reviews existing ES due diligence templates and prepares new drafts with reference to policy application in different financing activities
• Initiates various policy actions (public consultations, establishment of GRMs, information disclosure, etc.) and provides guidance to the Country Managers in the application of these tasks
• Prepares guidance notes on specific thematic areas of ES due diligence.

Review and assessment:

• Works closely with Country Managers for environmental and social due diligence; identifies risks and potential impacts and provides guidance to clients and/or consultants to prepare or update ES Impact Assessments and Mitigation Management Plans.
• Conducts field missions, as and when necessary, both at the preparatory stage and implementation stage, to identify ES risks and provide guidance to address the risks
• Works closely with Country Managers to prepare project documents with particular reference to ES aspects that adequately reflects the ES risks, available mitigation measures, and aspects related to ESG policy compliance (for example, public consultation, establishment of GRM, etc.)
• For co-financed projects, interacts with clients and co-lenders to develop a comprehensive understanding of ES risks associated with financing activities
• Assesses ES Management Systems (ESMS) of Financial Intermediaries (FI) when available; supports FI Clients to prepare or enhance an ESMS when required.
• Reviews governance structure of FI Clients and assess their ability to conduct assessments, implement management plans and collate monitoring reports of sub projects.

Reporting:

• Prepares case studies on ES due diligence as lessons learnt for project implementation.

Information and business advice:

• Assists the Senior Advisor, ESG, for capacity building of internal and external stakeholders.

Knowledge management:

• Undertakes training on ES related thematic issues and participates in international DFI platforms on ES issues.

Stakeholder management and engagement:

• Represents OPEC Fund at select external industry events and builds relationships with external experts and clients;
• Perform other related duties as assigned by Senior Advisor, ESG.

Qualifications and Experience

• Master’s Degree in Environmental & Social Sciences, Sociology, Geography, Economics or a related field.
• A minimum of 10 years of professional experience at a development finance organisation, with a banking institution (including commercial or investment bank) or with a major consulting/accounting firm.
• Experience of ES assessment and preparation / implementation of management plan, both in infrastructure and agricultural sector is required.
• Experience of ES safeguard issues pertaining to land acquisition, physical / economic displacement and resettlement, indigenous peoples, health and safety issues etc. and good understanding of grievance redress mechanisms is required.
• A good understanding of Financial Intermediaries and Capital Markets is required.
• Specialization in any one area of social safeguards (for example land acquisition and resettlement) but overall understanding of both environmental and social issues is essential.
• Demonstrable experience of working in or with developing countries in Asia, Africa or Latin America are desirable.
• Experience of working in or with Francophone Africa is an added advantage.
• Proficiency in Microsoft Office suite, including Word, Excel and PowerPoint.
• 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.
• Communication – The ability to relay ideas, information and messages effectively and succinctly to a variety of audiences.
• Decision making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
• Problem Solving Ability – The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges.

Application Closing Date
14th March, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Senior Internal Audit Officer

Location: Austria
Employment type: Fixed Term Contract
Department: Internal Audit Function

Job Profile

• The Senior Internal Audit Officer supports the Chief Auditor in providing independent, objective, and insightful risk-based assurance and advice, all in accordance with the institutional strategy and framework and the OPEC Fund’s frameworks for governance, risk and control, in order to protect and enhance the value of OPEC Fund.
• The Senior Internal Audit Officer is an expert in internal audit and is responsible for supporting the successful development and implementation of the Internal Audit Function work plan.

Duties and Responsibilities
In conjunction with Chief Auditor:
Audit:

• Develops audit findings that include practical recommendations for improvements to policies, procedures and operating methods
• Identifies, recommends and drives implementation of improvements in department policies, procedures and auditing techniques
• Directs a comprehensive risk based audit program within the framework established by the Firm’s policies, process universe, and frequency guidelines
• Ensures annual Sarbanes-Oxley control evaluation and testing is performed in a timely, complete, and quality manner
• Leads effective integrated audits where applicable, and apply a holistic review from an operational, financial, and information technology perspective
• Provides expertise in auditing standards and performance criteria, audit requirements, and information technology skills.

Stakeholder management and engagement:

• Participates with management by serving in an advisory role during the implementation of new systems, processes and procedures
• Maintains a current risk profile for each line of business by working extensively with business management to identify emerging risks and industry practices, improve the risk management infrastructure, operations, and risk monitoring, and prioritize Audit efforts based on the changing risk environment
• Reviews internal audit capabilities and compliance procedures in key business areas of focus
• Proactively develops and maintains mutually beneficial relationships with business management
• Develops and maintains professional relationships with, and assist in the coordination of audit efforts with regulatory examiners/external accountants to ensure prompt and efficient completion of examinations
• Monitors progress and resolution of outstanding issues on a periodic basis to ensure timely execution of action plans, and to ensure appropriate reporting is delivered to management and the Audit Committee
• Participates in departmental budgeting, audit planning, corporate planning, and Audit Committee reporting
• Supports the Chief Auditor, in setting clear objectives for the Audit team and monitor progress toward those objectives with a focus on high quality results and timely completion of tasks.

Policy:

• Develops audit policies, procedures, guidelines, standards and programs, as it relates to accountable business units/functions
• Enhances business knowledge by continually monitoring trends and developments affecting each line of business
• Perform other duties as may be directed by the Chief Auditor.

Qualifications and Experience

• Master’s degree in business administration, finance, controlling, accounting, law, or a related field
• A minimum of 10 years progressively responsible professional experience, preferably 5 years should have been in an international environment
• Work experience in development financial institutions is desirable
• Professional certification and/or licensing (CPA, CIA, CFE, or CISA) is required
• Other related professional certifications e.g. Certified Fraud Examiner, Certified Information Systems Auditor, Certified Information Security Manager, Chartered Financial Analyst, Certified Public Accountant, Chartered Accountant, ACCA are an advantage
• Experience of auditing for one of the “big four” audit firms is desirable
• Fluent in English. Good working knowledge of Arabic, German, 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.
• Communication – The ability to relay ideas, information and messages effectively and succinctly to a variety of audiences.
• Decision making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
• Problem Solving Ability – The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges.

Application Closing Date
14th March, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Senior / Development Effectiveness Officer

Location: Austria
Employment type: Fixed Term Contract
Department: Strategic Planning & Economic Services Department / Sustainability and Climate Change Unit

Job Profile

• Under the supervision of the Director, Development Effectiveness Unit, the Senior Development Effectiveness Officer / Development Effectiveness Officer (“Senior/Development Effectiveness Officer”) is responsible for assessing, the evaluation readiness, strategic alignment, and development effectiveness of the OPEC Fund’s Public and Private Sector operations.
• In accordance with the OPEC Fund’s development effectiveness framework, and in support of the public and private sector operations the Senior/Development Effectiveness Officer measures and monitors the development results and performance of the OPEC Fund’s operations against the institution’s mission.
• The Senior/Development Effectiveness Officer will also support or lead (depending on seniority, experience and task assignment) the development and implementation of the OPEC Fund’s project evaluation framework.
• The Senior/Development Effectiveness Officer will also create, populate, and maintain development results and strategic alignment databases, conduct relevant analysis based on these databases, and support the definition of business requirements for systems to automate development effectiveness processes and databases.
• The Senior/Development Effectiveness Officer will furthermore create content for development effectiveness reports, publications and presentations, as well as for strategy documents.

Duties and Responsibilities
Assessment, monitoring and evaluation:

• Assesses and monitors the development effectiveness, strategic alignment, and evaluation readiness of Public and Private sector operations at various stages in the investment cycle.
• Contributes to the design and implementation of strategies and tools for monitoring and evaluating the development impact of the OPEC Fund’s operations.
• Conducts and/or validate evaluations of the OPEC Fund’s operations in accordance with the OECD-Development Assistance Committee (DAC) evaluation criteria.

Policies and procedures input and development:

• Provides inputs, comments and drafts policy, procedural and other papers concerning the development effectiveness of the OPEC Fund’s operations.
• Translates the results of analytical work, monitoring and evaluation, and project issues into policy advice.

Data collection, analysis & reporting:

• Creates, populates and maintains databases on the development results and strategic alignment of the OPEC Fund’s operations.
• Prepares periodic reports or other knowledge products in relation to the development effectiveness of public and private sector operations.
• Provides quality assurance in terms of data accuracy, completeness, reliability and relevance for input into the monitoring and evaluation process (concept approval, governing board approval, supervision and completion stages of the financing cycle).

Stakeholder management:

• Collaborates primarily with the Public Sector Operations Department, Private Sector Operations Department, Legal Department and the Communications Department of the OPEC Fund.
• Provides training and guidance to the Public and Private Sector operations on the operation assessment, monitoring and evaluation processes (including use of indicators, development results tracking, project governance and project management tools).

Systems:

• Supports and/or leads the business requirements definition and implementation of systems to be developed for automating development effectiveness assessments, tracking, aggregation and reporting processes.

Knowledge management:

• Highlights lessons learned from evaluations/monitoring data, engage Public and Private Sector Operation Departments to integrate lessons learned into project design and training materials.
• Any other tasks as may be assigned by the Director, Development Effectiveness Unit.

Qualifications and Experience

• Master’s Degree in Economics, Business Administration, Public Policy or a related field.
• Development Effectiveness Officer: A minimum of 5 years of professional experience overall, of which at least 3 years’ experience in an international development finance institution with a strong focus on sustainable development and development effectiveness and results assessment, evaluation and monitoring.
• Senior Development Effectiveness Officer: A minimum of 7 years of professional experience, of which at least 5 years’ experience in an international development finance institution with a strong focus on sustainable development and development effectiveness and results assessment, evaluation and monitoring.
• Proficiency in Microsoft Office suite, including Word, Excel and PowerPoint.
• Demonstrated experience with assessing the development effectiveness of and/or evaluating public and/or private sector development projects along OECD-DAC evaluation criteria is required.
• Skills and experience in database and data analysis software are an added advatage.
• 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.
• Communication – The ability to relay ideas, information and messages effectively and succinctly to a variety of audiences.
• Decision making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
• Problem Solving Ability – The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges.

Application Closing Date
14th March, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Investment Analyst – Portfolio Management Unit (PMU)

Location: Austria
Employment type: Fixed Term Contract
Department: Private Sector & Trade Finance Operations Department
Unit: Portfolio Management Unit (PMU)

Job Profile

• The incumbent supports Director and (Senior) Investment Managers in managing the overall portfolio, analysing and monitoring on-going Private Sector & Trade Finance Operations Department (PSTFOD) operations, reviewing relevant project documentation, in accordance with processes and procedures, in order to enable decision making based on reliable, valid, timely and complete information.

Duties and Responsibilities
Data collection & financial analysis:

• Review and analyse financial statements and projections, covenant compliance certificates and other reporting requirements from the clients.
• Ensuring the highest standards of portfolio data accuracy and preparing monitoring reports
• Prepare internal reporting requirements and provide analysis for Director Portfolio Management Unit.
• Participates, where required, in portfolio monitoring of projects under operation, including joining (Senior) Investment Managers on loan negotiation or monitoring missions.

Support:

• Supports (Senior) Investment Managers in documentation negotiation of approved projects and processing of waivers, amendments and consents (WACs).
• Supports (Senior) Investment Managers for internal coordination with Legal, Risk, Finance and other relevant departments throughout the project cycle.

Documentation and back up:

• Enters Disbursement requests in the Management Operating System.
• Enters project data in the Management Information System.
• Maintains project filing in the Document Management System.
• Carries out other tasks that are related to the job function, assigned by the Director Portfolio Management.
• Performs other duties as required by the Director.

Qualifications and Experience

• A Bachelor’s degree in Business Administration, Finance, or a related field.
• A minimum of 3 years of relevant professional experience in a private sector division or unit at a development finance organization, with a banking institution (including commercial or investment bank) or with a major consulting/accounting firm.
• Demonstrably strong experience in financial analysis within an international development finance institution, banking institution or consulting company is required. Experience in specific sectors such as in infrastructure, manufacturing, agriculture and services, or financial institutions is an advantage.
• Proficiency in Microsoft Office suite, including Word, Excel and PowerPoint.
• Strong quantitative/numerical skills with experience interpreting financial information and developing and analyzing financial models is required or desirable.
• Robust analytical skills with regard to financial institution performance and activities is required.
• Sound analytical and conceptual skills encompassing finance and the associated areas of financial investment, project finance, corporate finance and economic is required.
• Fluent in English, including excellent presentation skills. 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. Ability to keep up to date with events and topics in the field of expertise.
• Effective Planning and Follow Up – The ability to set clear goals and priorities; skilfully organize tasks for efficiency; consistently follow through and deliver on commitments and plans.
• 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.
• 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.

Application Closing Date
12th March, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Investment Analyst – Business Development Unit (BDU)

Location: Austria
Employment type: Fixed Term Contract
Department: Private Sector & Trade Finance Operations Department
Unit: Business Development Unit (BDU)

Job Profile

• The incumbent supports (Senior) Investment Managers primarily in the process of building pipelines of projects, new project screening and analysis as well as maintaining high standards of client service.
• In line with these responsibilities, the Investment Analyst will review and/ or develop financial models, carry out financial analysis and sensitivities of projects, and assist in the preparation of credit, guarantee and investment proposals for credit committee and Governing Board approval, in accordance with processes and procedures, in order to enable decision making based on reliable, valid, timely and complete information.

Duties and Responsibilities
Data collection & financial analysis:

• Undertakes rigorous analysis of clients’ historical financial statements and runs sensitivities.
• Assists in developing financial models based on client/project information, reviews and audits client financial models applying sound knowledge of client’s business and the principles of finance.
• Conducts country, industry and market research.
• Participates, where required, in the appraisal/due diligence of new projects under consideration including joining (Senior) Investment Managers on due diligence missions.
• Participates in investments structuring and negotiations alongside (Senior) Investment Managers.

Support:

• Supports (Senior) Investment Managers in preparing project approval documentation for internal approval processes.
• Engaging with internal stakeholders and clients on data inquiries, document scrutiny, and financial statement evaluations
• Supports business development effort alongside (Senior) Investment Managers/Director.
• Support the planning and organisation of business development missions and may join (Senior) Investment Managers in these missions.

Documentation and back up:

• Assists (Senior) Investment Managers in the Management Information System and ensures data integrity.
• Maintains database of pipeline projects by geography, business segment and for main strategic partners (DFIs, Commercial Banks and project sponsors).
• Carries out other tasks that are related to the job function, assigned by the Director Business Development Unit.
• Performs other duties as required by the Director.

Qualifications and Experience

• A Bachelor’s degree in Economics, Commerce, Business Administration, Finance, or a related field.
• A minimum of 3 years of relevant professional experience in a private sector division or unit at a development finance organisation, with a banking institution (including commercial or investment bank) or with a major consulting/accounting firm.
• Demonstrably strong experience in financial analysis within an international development finance institution, banking institution or consulting company is required. Experience in specific sectors such as in infrastructure, manufacturing, agriculture and services, or financial institutions is an advatage.
• Proficiency in Microsoft Office suite, including Word, Excel and PowerPoint.
• Strong quantitative/numerical skills with experience interpreting financial information and developing and analysing financial models is required.
• Robust analytical skills with regard to financial institution performance and activities is required.
• Sound analytical and conceptual skills encompassing finance and the associated areas of financial investment, project finance, corporate finance and economic is required.
• Fluent in English, including excellent presentation skills. 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. Ability to keep up to date with events and topics in the field of expertise.
• Effective Planning and Follow Up – The ability to set clear goals and priorities; skilfully organize tasks for efficiency; consistently follow through and deliver on commitments and plans.
• 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.
• 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.

Application Closing Date
12th March, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Administrative Assistant

Location: Austria
Employment type: Fixed Term Contract
Department / Unit: Private Sector & Trade Finance Operations Department / Business Development Unit (BDU)

Job Profile

• The role entails efficiently coordinating and organizing all activities within the Director’s office for smooth daily business operations.
• It is focused on providing essential administrative and secretarial support to enhance the Unit and Director’s workflow, along with diligent interaction with stakeholders when needed.

Duties and Responsibilities
Correspondence:

• Receives, logs, reviews and distributes all incoming mail.
• Provides background information and files concerning correspondence and ensures that urgent/ important items are drawn to the Director’s attention.
• Drafts correspondence in one or more languages, upon own initiative or on-the-job instructions received.
• Checks outgoing mail for accuracy, conformity with overall policies or instructions, and use of the correct communication channels.

Document preparation:

• Prepares routine letters, memoranda, reports and similar documents following detailed instruction.

Project approval requirements:

• Assists the Investment Managers with administrative duties relating to the preparation and submission of project approval documents, system related requirements and others duties required to support the project approval process

Business meetings / events arrangement:

• Arranges meetings, notifies participants of place, date, time, and subject.
• Takes minutes of the meeting and prepares draft records for the Director’s approval.
• Makes arrangements for duty travel (e.g., prepares travel authorizations, ensures that visas, vaccination certificates, etc., are in order) and completes the required forms.

Coordination:

• Liaises, on behalf of the Director, with officers inside and outside the Department/ Unit, to give or obtain information.
• Assists the Director with the coordination of submissions in relation to budget, reports, documents, presentations and work programs.
• Ensures that the Director has all the relevant files needed for the Ministerial Council, Governing Board Meetings and Sub-Committees, as well as other high-level meetings, when necessary.
• Performs other duties as required by the Director.

Qualifications and Experience

• A Bachelor’s degree in Business Administration, Finance, or a field related to the role.
• A minimum of 5 years of office support/assistance or administrative experience, preferably at least 3 years should have been in an international development institution.
• Proficiency in Microsoft Office suite, including Word, Excel and PowerPoint.
• Demonstrated knowledge and experience in the use of modern Enterprise Resources Planning (ERP) system’s finance and accounting modules (preferably SAP) is desirable.
• A knowledge of finance and economics is desirable.
• Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.

Competencies:

• Effective Planning and Follow Up – The ability to set clear goals and priorities; skillfully organize tasks for efficiency; consistently follow through and deliver on commitments and plans.
• 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.
• Communication – The ability to relay ideas, information and messages effectively and succinctly to a variety of audiences.
• 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.
• Sense of Responsibility – The ability to demonstrate ownership and accountability in tasks and outcomes; uphold reliability and commitment to fulfilling responsibilities.

Application Closing Date
25th February, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Senior Syndication Officer (SSO)

Location: Austria
Employment type: Fixed Term Contract
Department: Private Sector & Trade Finance Operations (PSTFOD)

Job Profile

• The Senior Syndication Officer (SSO) is responsible for providing syndication/mobilisation services for the OPEC Fund.
• The SSO provides support to and manages syndication/mobilisation and the Syndication Facility’s relationships with syndication partners to ensure a sustainable pipeline of mobilisation activities.

Duties and Responsibilities
Syndication / Mobilisation:

• Leads syndication/mobilisation transactions associated with private sector activities of the OPEC Fund, sharing responsibilities where appropriate with other co-arrangers.
• Contributes largely to the delivery of the annual syndication/mobilisation targets for OPEC Fund.
• Performs market soundings, pricing and provides risk appetite feedback to the Head of Syndication Facility, and when requested to Assistant Director-General of the Private Sector & Trade Finance Operations (PSTFOD) and/or PSTFOD Business Development Unit team for their consideration.
• Contributes in formulating and executing the strategic objectives and business model of the Syndication Facility.
• Provides support to prepare departmental reports, and provide inputs for strategy, board papers, departmental, pricing, and sector papers when required.

Syndication/Mobilisation Business Origination Support:

• Prepares and may deliver pitch books and market updates for clients, information memoranda for lead/co-lead transactions and slides for partner meetings/road shows as needed.
• Contributes to the preparation and execution of the syndication and mobilisation marketing strategy for coverage areas (Financial Institutions).

Stakeholder management and engagement:

• Develops and expands the syndications / mobilization partners’ base among development finance institutions, commercial banks and other investors.
• Negotiates credit and legal documents with syndicate institutions in liaison with relevant internal departments (Business Development Unit, Portfolio Management Unit, Legal Department) ensuring alignment with both external and internal stakeholders.

Policies and procedures development:

• Contributes to the development and execution of strategies for promoting OPEC Fund’s syndication/mobilisation offerings.
• Contributes to the development of internal operational processes, policies and procedures for the syndication/mobilisation of private sector lending.
• Contributes to the periodic reviews of the syndication/mobilisation procedures and guidelines to ensure alignment with market best practice and makes recommendations for amendments and improvements.

Mentorship of more junior syndication team members:

• Mentors more junior syndication team members.

Qualifications and Experience

• Master’s Degree in Accounting, Commerce, Finance, Economics or a related field.
• A minimum of 10 years of relevant credit and origination experience, including at least 5 years of direct syndication/mobilization experience gained in a major development finance institution or an international commercial/investment bank.
• Preferably at least 1 years at an international development finance institution.
• Direct underwriting and or syndication experience.
• Knowledge of market instruments and market sources of financing and risk management/hedging products.
• Knowledge of fund-raising and on-lending activities in developing capital markets.
• Excellent understanding of financial issues affecting non-sovereign clients in developing countries and policy associated with the OPEC Fund’s mandate.
• Strong customer focus, ability to interface effectively with clients and business contacts at a senior and team level.
• Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.

Competencies:

• Extensive knowledge in the usage of office technologies, such as Microsoft Office applications (Word, Excel, PowerPoint, etc.), intra/internet as well as on-line database management.
• Strong customer focus, ability to interface effectively with clients and business contacts at a senior and team level.
• Strong interpersonal, teamwork and analytical skills as well as a high level of integrity and drive for achieving results.
• Conscientious and efficient in meeting commitments, observing deadlines and achieving results.
• Ability to act independently and resourcefully in responding to work demands, adjust to multiple demands, shifting priorities, ambiguity and change.
• Ability to write and speak clearly and concisely, to write clear and precise analytical documents and to adapt communication style to different audiences.
• Ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Application Closing Date
3rd March, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online