Senior Finance Officer - FINCF

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The Concessional Financing Division (FINCF) of the Finance Department (FIN) has a vacancy for a Senior Finance Officer. The division plays a key role in the Fund’s support for low-income countries (LICs). The division manages and ensures adequate funding of the Poverty Reduction and Growth Trust (PRGT), the Resilience and Sustainability Trust (RST), and the IMF's debt relief Trusts. Accordingly, FINCF plays a lead role in designing related policies and mobilizing adequate financing to help the Fund spearhead timely international support to affected LICs. Examples of recent policy projects include the Comprehensive Review of the PRGT’s Facilities and Financing, the Interim Review of the RST, and examination of the Fund’s lending toolkit. FINCF engages with internal and external counterparts, including Executive Directors and officials from capitals, to mobilize Trust resources. More generally, FINCF works closely with the Strategy, Policy, and Review Department (SPR), Legal Department (LEG), and other departments on the development of the IMF’s policies and facilities for LICs as well as on the review of country papers covering all 70 PRGT-eligible members. FINCF actively reviews program requests, Article IV reports, and debt sustainability analyses, including to assess the implications for resource needs and to safeguard Fund resources. The division has also been active in analytical research within its mandate. Recent topics for analytical studies include analyses of the catalytic role of the IMF’s concessional financing and analysis of LICs’ indebtedness to the IMF and their Capacity to Repay the IMF.

In close collaboration with FINCF finance officers and economists, the successful candidate would participate in the operational work to mobilize adequate resources for concessional lending and debt relief operations for LICs, and the preparation of Board documents on these issues. He/she would be also expected to closely collaborate with other teams (including LEG, and FIN's Financial Operations and Reporting Division and Fund Investment Unit) on all aspects of resource mobilization for the Fund’s concessional and debt relief vehicles, such as designing instruments, negotiating contribution agreements, reporting and monitoring contributions, and following up with member countries. The selected candidate’s main duties and responsibilities include the following:

• Contributes to implementing FINCF’s strategy for fundraising for concessional resources, which includes a strengthened donor/partner focus, broad-based strategic outreach, and enhanced internal collaboration, for instance involving coordinating with other divisions in FIN and area departments on the disbursements of concessional lending and debt relief resources.
• Develops plans and tools for monitoring and maintaining records for various types of contributions and agreements with member countries, liaises with Executive Director offices and LEG, and plays an integral role in drafting new contribution agreements and associated Board documents.
• Contributes to FIN's review of country and policy Board documents on concessional lending and debt relief operations, the preparation of periodic Board papers, reports, tables, and briefs on the Fund's concessional and debt relief operations, including with respect to the arrears strategy, as well as contributes to the preparation of analytical notes on topics of relevance to the division as well as the preparation of complex analyses and models in the context of assessing financing needs and availability of resources for the Fund's concessional lending to LICs and debt relief.
• Contributes to the design of procedures and internal controls to mitigate operational risk and streamline work practices, in collaboration with FIN's Control Unit.
• Attends meetings and responds to queries from Executive Director offices, country authorities, other Fund departments and external counterparts on FINCF’s fundraising initiatives and operations.
• At the higher grade level, leads and manages concessional fundraising initiatives and projects, coaches, and provides guidance to junior team members.

Qualifications:

Candidates must have a strong background and an advanced degree in business administration, accounting, finance, economics or related field, or professional finance certification (such as, CPA, CA, CFA), supplemented by a minimum of 8 years of relevant work experience, is required. Alternatively, a minimum of two (2) years of experience in a related position at Grade A12, or equivalent, is required. In addition, familiarity with the Fund’s policies and procedures on concessional financing and debt relief to LICs would be a strong advantage. Experience with other IMF fundraising initiatives, including for capacity development, would be highly desirable. The candidate should also possess strong analytical, communication, technical, and writing skills; sound judgement; and the ability to handle multiple issues simultaneously, often under tight deadlines. Eligible candidates should have a strong desire to build collaborative relationships with colleagues across the Fund.

This vacancy shall be filled by a 3-year Term appointment in accordance with the Fund’s new employment rules that took effect on May 1, 2015.

All applicants are expected to include a Statement of Interest as an attachment to the application, which may be used in the screening process for this vacancy.

Department:

FINCF Finance Department Concessional Financing Div

Hiring For:

A13, A14

The IMF is guided by the principle that the employment, classification, promotion, and assignment of staff shall be made without discrimination against any person. We welcome requests for reasonable accommodations for disabilities during the selection process. Information on how to request accommodations will be provided during the application process.