World Bank Senior Portfolio Assistant Jobs 2024 – Kenya NGO Jobs

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World Bank Senior Portfolio Assistant Jobs 2024 – Kenya NGO Jobs.

World Bank Kenya looking for “Senior Portfolio Assistant”.

Applicants with a University Degree may apply on or before March 27, 2024.

The World Bank Group (WBG) is one of the world’s largest sources of funding and knowledge for development solutions – providing loans, grants, equity investments and guarantees to its members and private businesses. The vision of the World Bank Group (WBG) is the eradication of extreme poverty and the promotion of shared prosperity by fostering income growth of the bottom 40 percent in each country.

The World Bank has published a job vacancy announcement on March 14, 2024 for qualified Kenya’s to fill in the vacant post of Senior Portfolio Assistant to be based in Nairobi, Kenya.

World Bank Job Vacancy 2024

Duties and Accountabilities

Analytics Support and Data Collection:

Provide analytical support to the RIHO by extracting data from management information systems (MIS) and preparing materials for the regular analyses and presentations to unit management for portfolio reviews including, portfolio changes and trends, issues, risks, economic capital, profitability, loan loss reserves, and compliance.
Perform research, desk information gathering, and data analysis as requested by the RIHO related to the department’s operations and strategies.
Collect, consolidate, and ensure consistency of data from different sources, including from IOs and IAs.

Equity Investments:

Keep track of equity sales plans and assist in the preparation of semiannual updates of IFC’s Equity Sales Plan.
Assist in preparing dividend reports / annual dividend projections in close coordination with portfolio teams, CFA and Equity Management Desk.
Analyze equity risk/return performance of the profit center as needed.
Assist in preparation of quarterly equity valuation list and in the follow up with Portfolio Officers on the timely update of equity valuations and equity ratings.
Prepare equity valuation variance report.

Credit/equity ratings and loss reserves:

Track and assist in monitoring and ensuring the timely completion of updated risk ratings and related documents for all the portfolio companies as required under the Investment Risk Platform (IRP), Credit Risk Ratings (CRR – for fund investments) and loan loss reserves.
Assist in preparing the Credit Watch List, in coordination with Portfolio Officers.
Prepare IRP migration report.
Assist in analyzing the Arrears report and follow up with clients to ensure timeliness payment.

Position in Organization:

Job #: req26645
Organization: IFC
Sector: Other
Grade: GD
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment
Location: Nairobi,Kenya; Johannesburg, South Africa
Required Language(s): English
Preferred Language(s): Arabic or French
Closing Date: 3/27/2024 (MM/DD/YYYY) at 11:59pm UTC

Qualification:

Bachelor’s degree (Accounting or Finance degree preferred) or High school diploma with 10 years of experience or equivalent combination of education and a minimum of 5 years of experience.
Experience as Portfolio Assistant at IFC.
Excellent knowledge of relevant portfolio databases and systems (e.g., IRP, iPortal, iDesk, EPMS, ODS, MIS, Cognos, Cubes) and relevant computer software (Word, Excel, PowerPoint, Outlook); and aptitude to learn new systems.
Knowledge of financial statements and understanding of financial and profitability analysis.
Strong knowledge of IFC’s portfolio procedures and processes.
Excellent organizational, administrative and time management skills with proven ability to work independently, promptly, and efficiently under pressure and meet tight deadlines.
Outstanding interpersonal skills and the ability to work with people at all levels (inside and outside IFC) with demonstrated team spirit and responsiveness.
High level of accuracy and attention to detail with sound analytical skills.
Ability to think independently, analyze problems and identify appropriate solutions.
Strong written and verbal communication skills.
High level of discretion and confidentiality.
Fluent in English. Arabic and/or French preferred although not required.