Head of Loan Management

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