Head of Loan Management

Head of Loan Management

Vacancy Number: 2503

Department/Unit: Finance/ Financial Administration

Date of Issuance: November 6, 2026

Deadline of Applications: December 6, 2026

Required Languages: English

Contract Type: Fixed Term Contract

Grade: H1

Job Category: Management

Recruitment Status: International / Local*

Contract Duration: Two-year fixed term appointment, with the possibility of renewal

*Please note that the recruitment modality for professional positions (international or local) will be determined in line with the OPEC Fund’s policies and procedures, and based on the candidate’s nationality and residency status at the time of appointment.

While all nationalities are eligible for this role, nationals from the member countries of the OPEC Fund for International Development are strongly encouraged to apply. The member countries are: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, and Venezuela.

Job Profile

The Head of Loan Management Function has the primary responsibility for the effective implementation of various policies and guidelines to facilitate the execution of efficient loan management specifically in regards to disbursement, borrowers’ debt servicing and arrears management. The incumbent is responsible for planning the work of Function and acts as the first line of defense in monitoring and overseeing its performance in the areas of execution of disbursements, issue, collection and settlement posting of loan repayments, interest income and other relevant fees, and non-performing loans, and for maintaining accurate records of transactions in the loan accounts, all in accordance with the institutional policies, guidelines, loan handbook and manuals applicable to the OPEC Fund’s Loans and Grants.

Duties and Responsibilities

Policy Development and Implementation

• Prepares and submits a work plan for the approval of the Director, Financial Administration and implements it with all the necessary initiatives and actions required within the framework of the OPEC Fund’s loan disbursement and repayment regulations and guidelines.

Monitoring and Oversight

• Oversee the LM Function review, validation and updating processes of financial terms and conditions of loans, guarantees and grants.
• Oversee and ensuring the accuracy and reliability of loan data and reports generated from OPEC Fund loan and grants information systems, as well as correctness and completeness of postings on loan accounts, loan statements, debit/credit advice, loan-billing statements and claiming process of loans’ principle, interest and fees.
• Ensuring the verification of the application of arrears sanctions in accordance with the Fund’s policy.
• Oversee and update the LM Function processes in reviewing withdrawal applications to ensure compliance with the Fund’s loan handbook, general conditions applicable to public sector loans and any applicable SO/NSO contractual obligations prior to payment.
• Review and approval of the execution of outgoing payments for loan disbursements, equity investments and grants.
• Maintaining, improving, promoting and providing training on the OPEC Fund’s Client Portal as well as overseeing and managing the onboarding processes of the Fund’s borrowers and clients.
• Maintaining and updating loan management manual, handbook aligned with the industry’s best practices and proactively contribute to the formulation of all relevant loan and grants related policies, guidelines through collaboration with internal stakeholders.
• Maintain and promote the OPEC Fund’s relationship and collaborations with MDBs specifically through leveraging the Fund’s membership in the MDBs Disbursement Harmonization and Loan Accounting Group.
• Propose and/or participate in, where necessary, LM Function missions in support of the implementation of Operations Departments portfolio in partner countries as well as providing information and training to borrowers on the Fund’s rules and regulations and portals in this area of loan disbursement and debt servicing

Reporting

• Prepares schedules and contributes to periodic reports for disclosure in the Fund’s financial reports and for use by the Fund’s Management and Governing Board.
• Contributes to preparation and maintenance of ad hoc reports or initiatives of the Fund as defined by the Director, Financial Administration or VP Finance.
• Cooperates, supports and proactively contributes to the work of Operations Departments and corporate initiatives in formulating new financial products and/or instruments on financial operations is duly considered prior to implementation.

Leadership and Direction

• Coaches and coordinates with other members of the Loan Management Function and participation in cross-department projects and initiatives.
• Develops and mentors less experienced staff and supports personal development plans.
• Act on behalf of the Director, Financial Administration as and when needed

Stakeholder Management and Engagement

• Coordinates with relevant departments, units and officers to ensure the accuracy and consistency of data in the relevant systems.
• Assists the Director, Financial Administration in the planning of the LM Function’s work , and recommends measures to ensure efficient timely distribution of workload across the Function

Perform other related tasks assigned by the Director Financial Administration.

Qualifications and Experience

• Master’s degree in Finance/ Business, majoring in Accounting, Financial Control, Business Administration or other relevant fields
• A minimum of 12 years relevant professional experience, of which at least 3 years served as a senior designated role (e.g. Senior/Principal Officer; Lead; Head)
• A minimum of 5 years of experience in an international development institution
• Preference for a recognized accounting/finance certification such as the CA or CPA
• Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.

Competencies

• Collaboration and Teamwork - Ability to effectively collaborate with colleagues, stakeholders (internal and external), and partners from diverse backgrounds, cultures, and perspectives to achieve shared goals.
• Effective Communication - Ability to articulate ideas and information clearly and persuasively across various channels and audiences, integrate communication best practices, and ensure messages are tailored, culturally sensitive, and impactful, promoting active listening and feedback mechanisms.
• Results-Orientation - Ability to effectively achieve results through proactive ownership, decisive action and strategic planning. ensuring goals are met within specified timeframes and in alignment with OPEC Fund’s strategic direction
• Learning Agility and Adaptability - Ability to swiftly learn, unlearn, and adapt to changing circumstances and emerging challenges, with a commitment to continual growth through embracing new ideas, technologies, updating functional expertise, and facilitating organizational resilience
• Stakeholder and Impact Focus - Ability to prioritize and address the needs and expectations of diverse stakeholders to achieve sustainable impact through stakeholder mapping, ensuring effective relationship management, transparent and timely communication, and aligning their contributions with OPEC Fund’s mission to deliver long-term, positive outcomes
• Accountability - Ability to take responsibility for one's actions, decisions, and their outcomes, demonstrating integrity and reliability, adhering to established internal controls, setting clear expectations, and maintaining a high standard of ethical behavior.

Leadership Competencies

• Inclusive Leadership & People Management - Ability to lead and manage diverse teams effectively, fostering an inclusive culture where every team member feels valued and empowered, cultivating a collaborative environment, driving team performance, and supporting professional development through mentorship and equitable opportunities.
• Cultural Sensitivity - Ability to lead teams by understanding, respecting, and adapting to cultural differences in a global organization, fostering inclusive communication, collaboration, and relationships while strategically leveraging cultural insights to enhance organizational effectiveness and drive success.
• Strategic Planning and Execution - Ability to develop and implement effective strategies that align with OPEC Fund’s long-term goals, utilizing relevant tools to set clear objectives, allocate resources efficiently, and monitor progress to ensure the successful execution of strategic initiatives, driving organizational growth and sustainability.
• Managerial Accountability and Responsibility - Ability to take ownership of decisions and actions, ensuring alignment with OPEC Fund’s values and objectives, applying relevant principles to establish clear accountability structures, set performance standards, and maintain transparency in reporting and decision-making processes.
• Ethical Decision-Making - Ability to make decisions that uphold the highest standards of integrity and ethical conduct, adhering to OPEC Fund’s code of conduct, and ensuring that choices are principled, transparent, and aligned with the Fund’s mission and values, fostering a culture of trust and responsibility.
• Conflict Resolution - Ability to effectively manage and resolve conflicts to maintain a harmonious and productive work environment, using relevant strategies to identify underlying issues, and facilitating mutually beneficial solutions, ensuring that conflicts are resolved constructively and relationships are strengthened.