- The Zimbabwe Aid and Debt Management Office (ZADMO) was established in November 2010 following the approval by Cabinet of the policy document “Zimbabwe Accelerated Arrears Clearance, Debt and Development Strategy (ZAADDS). One of the key policies enunciated in ZAADDS is the establishment and operationalisation of a Debt Management Office in the Ministry of Finance to centrally coordinate the management of Zimbabwe’s external debt. The mandate of ZAADMO is to establish good debt management practices that make a positive impact on economic development and poverty eradication programs.
- The main functions of ZADMO among others are to maintain and to timely disseminate a comprehensive and reliable external debt database of all loans taken by Government and any of its agencies. It sets guidelines for managing Zimbabwe’s financial risks and currency exposure with respect to all external loans, mobilizes resources, and advises Government on the restructuring and refinancing of all debt obligations. ZADMO also ensures that Government subscribes to the principles of prudent debt management, sustainable borrowing and effective utilization of borrowed resources.
- For ZADMO to effectively carry out its mandate and to drive its strategic objectives there is a need to strengthen public debt management capacity through a well-motivated staff, the recruitment of staff with the requisite professional skills, relevant technical assistance and a rigorous on-the-job training program. In this regard the Ministry of Finance is recruiting three debt experts for ZADMO to lead in the establishment and operationalisation of the Front, Middle and Back Offices in line with best international practice.
- Back Office Expert
Job Title: Expert in Back Office operations
Reports to: Head of ZADMO
Duties and Responsibilities
- Administer and supervise all back office operations of ZADMO.
- Maintain a comprehensive, reliable and efficient computerized debt database using UNCTAD’s Debt Management and Financial Analysis System (DMFAS).
- Ensure prompt and accurate settlement of external debt service obligations.
- Register, track, record and monitor movements in the country’s external and domestic debts.
- Conduct data validation and reconciliation with all creditors on a regular basis.
- Maintain records of all debt contracts, disbursements, and debt restructuring.
- Produce on a regular basis debt information, statistics and reports to meet the needs of both internal and external stakeholders, while ensuring accuracy and timely response to such needs.
- Provide on- the- job training for officers in the back office.
- Record all new loans and grants into the database.
- Advice the Head of ZADMO on matters relating to back office operations.
- Prepare and implement succession and training plans to ensure that within two years officers in the back office have the capacities to effectively and efficiently conduct their duties.
- Monitor performance of the staff based on the agreed performance standards and indicators.
Qualifications and Experience
- A Masters degree in Economics, Statistics or Finance.
- At least 5 years performing similar responsibilities
- Practical experience in managing computer based debt management systems focusing on DMFAS.
- Proven training, capacity building and presentation skills.
APPLICATION PROCEDURES
Applications for the above posts should be submitted clearly stating the position being applied for and accompanied by a detailed CV with contact details of three referees to be received by 23 March 2012. All applications will be processed by the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) on behalf of the Ministry of Finance. MEFMI is the technical adviser of ZADMO. The experts will be recruited on a performance based two year contract renewable for another two years. The Ministry of Finance is an equal opportunity employer and female candidates are strongly encouraged to apply. Please kindly note that only short listed applicants will contacted.
Applications should be sent to:
The Executive Director
MEFMI
9 Earls Road
Alexandra Park
P.O Box A1419
Avondale
Harare
Zimbabwe
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