Public Debt Expert

Organization: Ministry of Finance

Unit: Debt Management Office

Job Purpose:

The main job purpose is to provide technical opinions falling within the scope of the job holder’s duties, as well as on specialized matters referred to them related to the Directorate’s activities, in accordance with debt issuance operations.

Duties and Responsibilities:

• The position holder is subject to general guidance and direction from the Director General of the Public Debt Management Unit.

• Develops and implements the annual borrowing plan in line with the medium-term debt strategy.

• Monitors market developments and provides advice on the appropriate timing for securing the financing approved for the year.

• Implements the approved strategy and manages the debt portfolio in accordance with defined benchmarks and limits.

• Manages the issuance of government securities, including Treasury bills and bonds, and contributes to the development of the local currency bond market.

• Contributes to determining the pricing and maturity structure of domestic government securities based on the sovereign yield curve and various risk factors, including rollover/refinancing risk and interest rate risk, among others.

• Provides updates on market performance and the secondary market for government securities.

• Develops and maintains relationships with lenders and investors, working in close coordination with the Investor Relations team.

• Provides ongoing recommendations aimed at improving borrowing policies and operational processes.

• Negotiates loan terms and conditions with lenders to secure financing at the lowest possible cost, in line with relevant guidelines and directives.

• Analyzes financing proposals and submits recommendations for review by senior management.

• Undertakes the execution of public loans (domestic and foreign) and ensures proper implementation and follow-up, including effective management of the debt portfolio until full repayment of principal, interest, and any other financial obligations.

• Performs any other duties of a similar nature as assigned.

Minimum Qualifications and Requirements:

• Educational Qualifications: Bachelor’s degree in Finance, Accounting, or any other relevant field
• Professional Qualifications: Preferable ACCA, CFA, CMA, CPA, FMVA, FRM
• Work Experience: 14 to 16 years of related work experience

Languages:

• Fluency in Arabic
• Fluency in English

Computer skills:

• Proficiency in MS Office is must
• Experience with business related software is desirable