Associate Financial Management Officer

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Description

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As an Associate Financial Management Officer, you 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 projects; and (c) coordinate the development and delivery of knowledge sharing and capacity building support.

Responsibilities

• Review of audited project and entity financial statements (APFS and AEFS) for all assigned projects following ADB’s internal review guidelines including updating automated review checklists, monitoring and quality improvement; and (ii) FM support to project teams to communicate with executing agencies on issues identified in the APFS and AEFS, including compliance with financial covenants.
• Analyze noncompliance or delayed compliance with APFS and AEFS submission, and quality, common issues and deficiencies in APFS and AEFS and summarize these and expected actions in a regular report.
• Diligently follow up with project teams and executing agencies to achieve compliance with ADB FM requirements.
• Monitor the follow-up actions identified from APFS and AEFS review or other related actions and verify project related information to assist APFS and AEFS review.
• Facilitate and participate in project review missions to help resolve problems related to project financial management.
• Input and update project data and records in ADB information systems and databases.
• Monitor the assigned projects’ compliance with financial covenants in the legal agreements and coordinate with project teams to follow up on achieving compliance.
• Monitor the implementation of financial management action plans and communicate with EAs and IAs to resolve issues related to compliance along with the project team leader.
• 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 country management and staff on any changes that may affect project implementation and performance.

Requirements:

• Bachelor’s 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 5 years of relevant professional experience in private or public sector financial management (i.e., in accounting, budgeting, auditing).
• 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.
• International Financial Reporting Standards, International Public Sector Accounting Standards, and International Standards on Auditing and/or national equivalents.
• Experience with internal control systems and procedures (in particular the Committee of Sponsoring Organizations framework).
• 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.

Source: https://www.adb.org/careers/250520

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