Reference Number | 240248 |
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Position Level | AS 6 |
Department | Controller’s Department |
Division | Loan and Treasury Accounting Section |
Location | Asian Development Bank Headquarters |
Date Posted | Tuesday, April 2, 2024 |
Closing Date | Tuesday, April 16, 2024 11:59 p.m. (2359 Manila Time, 0800 GMT) |
Join Our Mission to Foster Prosperity in Asia
Are you ready to make a lasting impact on the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.
Organizational Setting and Reporting Relationship
The position is assigned to the Loan and Treasury Accounting Section (CTAC-LTA), Accounting Division (CTAC) within the Controller’s Department.
You will be based at our Headquarters in Manila, Philippines.
You will report to the designated International Staff and senior National Staff.
Your Role
As an Associate Financial Control Analyst, you will undertake a variety of accounting duties, including maintaining and updating accounting records; maintaining sound internal controls; preparing financial and other reports; and contributing towards the preparation of financial statements for nonsovereign operations.
You will:
• Review and analyze financial data, transactions, and contribute to the preparation of financial statements and other reports, as required under the supervision of a senior national staff, ensuring reported amounts are consistent with control accounts and that they are produced in a timely and accurate manner.
• Assist in maintaining books of accounts for nonsovereign loans, equity investments and guarantees; and ensure that accounting records/reports are in accordance with generally accepted accounting principles.
• Evaluate system requirements for effective and efficient operation; initiate and conduct User Acceptance Tests for changes to existing systems; ensure accuracy and reliability of systems; propose changes and revisions to existing systems; coordinate system support with the Information Technology Department through International Staff in charge; and check and ensure the reliability of systems.
• Establish and maintain appropriate and adequate internal controls and procedures in preparing financial reports and analysis; recommend changes and improvements as required to ensure completeness and accuracy of data; monitor account balances to ensure appropriate accounting treatments are applied and respective statements/reports are received and reconciled timely and regularly; prepare and verify reconciliation reports of accounts; undertake initial investigation of discrepancies and proposes corrective actions for review by supervising staff.
• Process transactions through preparation of appropriate disbursement, collection or journal vouchers or other supporting documents; ensure the accuracy, consistency and propriety of supporting documentation for accounting transactions in compliance with accounting practices, established procedures and guidelines, prepare accurate billing statements and dispatch them in a timely manner; compile, analyze and review financial and accounting data as a basis for the preparation of reports.
• Participate in procedural and organizational review; participate in the formulation of the Section’s goals and objectives and the related plans and programs.
• Provide technical and procedural guidelines to junior administrative staff.
• Coordinate and provide required information to clients in accordance with established procedures in a tactful manner.
• Performs other tasks as assigned and reflected in the incumbent’s workplan.
Qualifications
You will need:
● Bachelor’s degree in business administration, major in Accounting; with Certified Public Accountant qualification; Alternatively, a university degree in related fields combined with additional relevant professional experience can be considered.
● At least 5 years of relevant professional experience.
● Good interpersonal skills, demonstrating ability to work cohesively with peers and clients and provide guidance and feedback to subordinates.
● Proficient with Microsoft Office applications, particularly MS Word and MS Excel, and accounting related software, such as Oracle ERP.
● Good understanding of accounting policies, practices, systems, procedures, guidelines, and reporting requirements prevalent in multinational organizations or multilateral institutions.
● Analytical and systematic, with strong numerical skills and attention to detail.
● Working knowledge of financial products of multilateral banks.
● Ability to plan and coordinate schedules and requirements to meet deadlines.
● Written and verbal proficiency in English.
● Please refer to the link for ADB Competency Framework for Administrative Staff level 6.
Benefits
ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB’s standards and comparator markets, taking into account your qualifications and experience.
● Paid leave (including parental)
● Medical and health benefits
● Life and other insurance plans
● Staff development
● Retirement plan
● Housing and education allowance (if applicable)
About Us (For external)
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.
To view ADB Organizational Chart, please click here.
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.
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