Asian Development Bank

Financial Control Analyst

Asian Development Bank

Job Description

 

Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.

1Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle

Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).

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 in the Trust Funds and Administrative Expenses (CTFA) Division within the Controller's Department (CTL). The Controller's Department helps maintain adequate and sound internal control of processes in ADB and provides quality services to clients while maintaining sound fiduciary controls. CTFA is responsible for trust fund Accounting and Reporting, and processing administrative expenses (payroll, pension, business travel, staff consultants, staff accounts, accounts payable, fixed assets, and accounts receivable).

To view ADB Organizational Chart, please click here.

Job Purpose

The Financial Control Analyst will provide assistance in coordinating, facilitating and maintaining sound accounting/internal controls over trust fund related financial reporting; preparing financial statements and other reports; and developing accounting policies and procedures to ensure financial statements and accounting related Analysis and reports effectively and efficiently. The incumbent will report to designated International Staff and/or senior National Staff.

Responsibilities

• Reviews and analyzes financial data, transactions and reports for accuracy, consistency and compliance with policies and established procedures; prepares and contributes in the preparation of financial statements and other reports in accordance with US generally accepted accounting principles or as agreed with donors; assists in performing various Financial Analysis to monitor and report on the financial position of the ADB's resources. Assists in preparing of reports and status updates to Management and Board. Review and monitor trust fund agreements to ensure related accounting treatments are applied and internal control implications are effective.
• Reviews, analyses and identifies information technology requirements for effective and efficient operations; ensures accuracy and reliability of systems; proposes changes and revisions to existing systems and coordinates the needs of the work area with ITD through the coordinating specialist in charge.
• Establishes and maintains appropriate and adequate internal controls and procedures in preparing financial reports and analysis; recommends changes and improvements to ensure accurate, complete and timely accounting in compliance with applicable accounting policies and guidelines; monitors account balances to ensure appropriate accounting treatments are applied and respective statements/reports are received and reconciled timely and regularly; prepares and verifies reconciliation reports of accounts; undertakes initial investigation of discrepancies for review by supervising staff; compiles, analyzes and reviews financial and accounting data as a basis for the preparation of reports; ensures the accuracy, consistency and propriety of supporting documentation for accounting transactions in compliance with accounting practices, established procedures and guidelines.
• Assist in reviewing, monitoring and developing accounting policies and positions in response to new developments in ADB and accounting standards.
• Assists in the maintaining, monitoring, and assessing sound internal controls over financial reporting. Assist in performing compliance testing; developing documenting, and monitoring business process and evaluating the effectiveness of internal controls.
• Performs administrative functions as required; participates in procedural and organizational review; participates in the formulation of the Section's goals and objectives and the related plans and programs. Provides technical and procedural guidelines to other subordinate administrative staff.
• Coordinates, facilitates, obtains and provides required information and support in accordance with established procedures, in a tactful manner.
• Performs any other assignments as required and reflected in the incumbent's workplan, including the preparation of draft memorandum and external correspondences for supervisor's review.

Qualifications

Relevant Experience & Requirements

  • Bachelor's degree in Accounting, Business Administration, Commerce or Finance with Certified Public Accountant designation.

  • At least 5 years' experience in accounting, preferably in a computerized environment, in a large organization; Good understanding of multilateral institutions products: loans, treasury investments, borrowings, equity investments, and guarantees.

  • Proficient understanding of accounting policies, practices and general policies, procedures, guidelines and reporting requirements prevalent in a multilateral institution.

  • Solid understanding of the US GAAP and/or international financial reporting standards

  • In-depth understanding of the interactions between a multilateral institution's different work areas and workflows and their purpose, as well as business knowledge of relevant areas to enable accounting concepts to be applied appropriately.

  • Proficient in standard software used in multilateral institutions, particularly, MS Excel and MS Word, and in-depth knowledge of a large Accounting System (e.g. Oracle ERP) and its interfaces with other systems and work areas.

  • Good understanding of the concept of internal controls and their application.

  • Analytical and systematic with strong numerical skills and attention to detail.

  • Ability to plan and coordinate schedules in order to meet deadlines.

  • Ability to guide junior colleagues and promote teamwork; effective interpersonal skills, and ability to provide feedback to colleagues.

  • Excellent oral and written communication skills in English.

  • Please refer to the link for ADB Competency Framework for Administrative Staff Levels AS7.

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 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.

Apply Now