IMPORTANT INFORMATION:
This is a re-advertisement. Previous applicants need not apply. Applications received in response to previous posting will be considered together with applications received in response to this advertisement.
This is a fixed term appointment with option to renew for an initial period of 3 years following Section 3.1 (b) of Administrative Order No. 2.01 (โRecruitment and Appointmentโ). This appointment is not convertible to a regular appointment. After the initial fixed period, ADB has the option to renew the appointment for up to three years or allow it to expire. This decision is based on ADBโs overall interest in retaining the skills and experience of the staff for medium-term work program within the respective group, department, or office, while considering the availability of funding sources.
Overview
Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.
ADB only hires nationals of its 68 members.
The position is assigned to the Public Financial Management Division (PFFM) within the Procurement, Portfolio and Financial Management Department (PPFD). Financial Management (FM) is an integral component of ADBโs obligations to ensure that the projects it finances are financially viable and sustainable, that ADB funds are used for the purposes for which they were approved, and that borrowers have the capacity to fulfill their obligations under legal agreements. PPFD/PFFM supports the framework, guidelines, and processes regarding ADBโs FM mandate and responsibilities.
To view ADB Organizational Chart, please click here.
Job Purpose
The Associate Financial Management Officer will (a) provide operational services in conducting financial due diligence of projects during processing and supervision during implementation; (b) support country FM assessments and FM systems strengthening initiatives; and (c) coordinate the development and delivery of knowledge sharing and capacity building support.
Though the position is based in Philippines, the incumbent can be assigned to work on tasks in other developing member countries of ADB as needed.
The incumbent will report to designated International Staff and senior National Staff.
Responsibilities
Operational services
Country FM Systems
Participate as a team member for preparation of country or regional partnership strategy, governance risk assessments, or country public financial management assessments (e.g., public expenditure and financial accountability assessments). Review country FM systems and monitor changes related to project financial management, audit, taxation, and other finance-related areas, and update Pakistan country management and staff regularly on any changes that may affect project implementation and performance.
Knowledge management
Participate in and contribute to internal and external training and conferences and other activities for advocacy, dissemination, and knowledge building on FM. Support the implementation of stand-alone and technical assistance related FM capacity building programs for clients. Train staff of ADB and executing agencies.
Other tasks
Other tasks as assigned and reflected in the incumbent's workplan.
Qualifications
Relevant Experience & Requirements
Bachelorโs degree in Accounting, finance, or a related field preferably with advanced training; Professional qualification in accounting (e.g. CPA, CA) from an internationally recognized institution (e.g., IFAC). A CFA qualification is an advantage; At least 6 years of relevant professional experience in private or public sector financial management (i.e., in accounting, budgeting, auditing); Experience with (a) investment project appraisal, and (b) appraisal processes of financial institutions including multilateral development banks for sovereign and non-sovereign transactions is an advantage; Advanced and broad knowledge of all aspects of FM, including: (i) International Financial Reporting Standards and International Standards on Auditing; (ii) experience with internal control systems and procedures (in particular the Committee of Sponsoring Organizations framework); (iii) experience in auditing including assessing auditors' competence; and (iv) experience in advising clients on the design and implementation of FM systems, including financial and management reports; Proven ability to work independently on assigned transactions, areas of analysis and research, which have well-defined scope and steps; Effective report-writing and strong oral and written communication skills in English; Good analytical and conceptual skills; Ability to liaise and work effectively with government officials; Ability to guide administrative staff to facilitate work planning, delivery and quality review; Strong planning, organizational and administrative skills; Proficiency in MS Word, MS Excel, MS PowerPoint; familiarity with database management tools; and Ability to work collaboratively with teams as a constructive team member. Please refer to the link for ADB Competency Framework for National Staff Level 1.
General Considerations
The selected candidate, if new to ADB, is appointed for an initial term of 3 years.
ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADBโs standards and computation, taking into account the selected individualโs qualifications and experience.
ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.
Please note that the actual level and salary will be based on qualifications of the selected candidate.