Senior Financial Management Specialist

Job Posting Organization:
The Asian Development Bank (ADB) is a leading multilateral development bank established in 1966, headquartered in Manila, Philippines. ADB's mission is to alleviate poverty and promote sustainable development in the Asia-Pacific region. It is owned by 69 members, with 50 from the region, and employs a diverse workforce dedicated to fostering prosperity in Asia. ADB operates in multiple countries across the Asia-Pacific region, providing financial and technical assistance to its member countries. The organization focuses on inclusive, resilient, and sustainable growth, utilizing innovative financial tools and strategic partnerships to address complex challenges and improve lives.

Job Overview:
The Senior Financial Management Specialist position is a critical role within the Public Financial Management Division (PFFM) of the Procurement, Portfolio, and Financial Management Department at ADB. This position is based in the Bangladesh Resident Mission (BRM) in Dhaka and involves providing technical guidance and advice on financial management and financial due diligence (FDD) for sovereign operational activities. The specialist will lead efforts to assess and strengthen financial management systems and capacities in developing member countries (DMCs), ensuring compliance with ADB policies and guidelines. The role requires collaboration with development partners and regional knowledge sharing, contributing to the overall financial management performance of ADB. The position is initially for three years, with potential relocation to ADB Headquarters in Manila or another resident mission office thereafter, depending on business needs.

Duties and Responsibilities:
As a Senior Financial Management Specialist, the incumbent will be responsible for a wide range of duties, including: providing technical guidance and analysis on financial management and FDD issues; supporting the development and implementation of financial management guidelines; advising sovereign operations teams on financial management strategies; proposing areas for streamlining and automation; conducting financial management assessments of executing and implementing agencies; preparing financial projections and conducting financial analyses; leading financial evaluations and proposing mitigation measures for identified risks; ensuring compliance with ADB's financial management and audit requirements; conducting diagnostics and strengthening financial management systems; designing and implementing capacity building programs; and overseeing the performance of reporting staff. The specialist will also participate in project preparation and review missions, ensuring quality control of financial management inputs and documentation, and engaging in knowledge sharing activities with counterparts.

Required Qualifications:
Candidates for the Senior Financial Management Specialist position must possess a Master's degree in Business, Finance, Commerce, or a related field. Alternatively, a university degree combined with at least 5 years of specialized experience relevant to the position may be considered. A professional accounting qualification from an internationally recognized institution affiliated with the International Federation of Accountants (IFAC) is required. Additionally, candidates should have at least 10 years of relevant professional experience in financial management or a related area, preferably with international experience across ADB's DMCs. Expertise in leading projects and mentoring team members is essential, along with strong written and verbal proficiency in English.

Educational Background:
The educational background required for this position includes a Master's degree in a relevant field such as Business, Finance, or Commerce. Candidates with a university degree and significant specialized experience may also be considered. A professional accounting qualification from an internationally recognized institution is mandatory, ensuring that the candidate has the necessary technical knowledge and skills to perform effectively in this role.

Experience:
The position requires a minimum of 10 years of relevant professional experience in financial management or a related area, with a strong preference for candidates who have international experience working in various countries, particularly within ADB's developing member countries. Experience in leading projects and providing guidance to team members is highly valued, as is a proven track record of delivering high-quality financial management services.

Languages:
Proficiency in English is mandatory for this position, both written and verbal. This is essential for effective communication and collaboration within ADB and with external stakeholders. While English is the primary language required, knowledge of additional languages relevant to the Asia-Pacific region may be considered an asset, enhancing the candidate's ability to engage with diverse communities and partners.

Additional Notes:
This appointment is a fixed-term position with an initial duration of up to three years, with the possibility of renewal based on ADB's needs and the candidate's performance. The role is full-time and may involve relocation to other ADB offices after the initial assignment. ADB offers a competitive salary and comprehensive benefits package, including housing and education allowances (if applicable), expatriate benefits for international staff, a retirement plan, medical and health benefits, paid leave, and opportunities for staff development. ADB is committed to diversity and encourages applications from all qualified candidates, particularly women and individuals from diverse backgrounds.