Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 67 members, 48 of which are from the Asia and Pacific region. ADB’s mission is to reduce poverty and promote sustainable economic growth in the region. ADB’s main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.
ADB only hires nationals of its 67 member countries.
The position is assigned in the Financial Management Unit (OSFM) within the Operations Services and Financial Management Department (OSFMD). OSFMD’s responsibilities in terms of public financial management include: (a) providing financial management and related policy advice to operational departments and Management; (b) preparing, reviewing and updating ADB’s project related financial analysis and management policies, administrative instructions, guidelines, reports, and database; (c) providing technical advice to operational departments on country/sector financial management system assessments, including identification of areas for capacity development and appropriate risk mitigation measures; (d) supporting and overseeing the financial aspects of design, processing, and administration of ADB operations to ensure adequate due diligence on the financial management assessments of programs and projects; (e) providing guidance and advice to operational departments to strengthen internal and external (developing member country (DMC)) capacity to meet ADB’s financial reporting requirements; (f) developing financial management knowledge products; and (g) serving as focal point for ADB’s relationship with multilateral development banks and other external stakeholders related to financial management issues.
To view ADB Organizational Chart, please click here.
Job Purpose
The Financial Management/Senior Financial Management Specialist shall provide intellectual and operational input to the financial management (FM) function in ADB by providing advisory services on: (i) financial due diligence; (ii) use of country FM systems; (iii) financial structuring; and (iv) skills development for staff. Advise operations’ departments to ensure project compliance with ADB’s guidelines on financial management. Support and advise staff on assessment of DMC financial management systems, and make recommendations for use in delivery of ADB operations. Lead or support the development of knowledge products and disseminate these through internal and external networks, training delivery and other knowledge management tools. The incumbent will report to Advisor, OSFMD and Head, Financial Management Unit and may supervise national and administrative staff.
Responsibilities
- Advise operations’ departments on (i) compliance with FM policies, administrative instructions, and technical guidelines in project design, processing and implementation; (ii) project financial risk assessment, financial analysis, and financial management assessment, and identification of areas for capacity development and appropriate risk mitigation measures; and (iii) country/sector FM system assessments and the appropriate use of such systems.
- Review and update ADB’s FM policies, administrative instructions, technical guidelines, and templates (i.e., the project administration instructions); review relevant other policies to ensure consistency from a financial management perspective.
- Support operations in conducting dialogue with government officials on both ADB’s and country-led FM policies and procedures.
- Work with project teams to develop financial structures for sensitive and complex projects, proposing innovative solutions as appropriate.
- Develop FM knowledge products including sector/thematic studies and assessments, good practice examples, guidelines, and checklists.
- Assist in the design and delivery of FM training programs in areas of financial risk assessment, financial analysis, financial management assessment, use of country FM systems, and project supervision and administration.
- Lead and support the development and maintenance of databases and websites containing relevant information on ADB’s FM knowledge products and activities.
Relevant Experience and Requirements
- Master’s Degree, or equivalent, in Business, Finance, Commerce, or related fields, with a professional accounting designation (e.g., CPA, CA or equivalent); University degree in business, Finance, Commerce or related fields, combined with specialized experience in similar organization/s, may be considered in lieu of a Master’s degree.
- At least 8 years of relevant professional experience in private or public sector financial management (i.e. accounting, budgeting, auditing), or related area.
- Excellent oral and written English communication skills.
- International experience working in development environment.
- Project and/or structured finance and/or international banking experience preferred.
- Experience with an international auditing firm would be highly desirable.
- Please refer to the link for ADB Competency Framework for International Staff Level 4 and Level 5.
General Considerations
The selected candidate is appointed for an initial term of three (3) years.
ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB's standards and computation, taking into account the selected individual's 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.
Deadline for applications is on 18 December 2017.
