Senior Financial Management Officer

Job Posting Organization:
The Asian Development Bank (ADB) is an international development finance institution that was established to foster economic growth and cooperation in the Asia-Pacific region. Headquartered in Manila, Philippines, ADB has 69 member countries, with 50 of them from the Asia and Pacific region. ADB's mission is to alleviate poverty and promote sustainable development, focusing on creating a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. The organization combines finance, knowledge, and partnerships to achieve its goals, particularly under its Strategy 2030 framework. ADB is committed to providing equal opportunities and fostering an inclusive work environment, encouraging applications from diverse backgrounds, including women and individuals with disabilities.

Job Overview:
As a Senior Financial Management Officer at ADB, you will play a crucial role in the Financial Management Division (PFFM) within the Procurement, Portfolio, and Financial Management Department (PPFD). This position is based in the Papua New Guinea Resident Mission (PNRM) in Port Moresby, where you will be responsible for providing operational services related to financial management tasks throughout the project lifecycle. Your role will involve conducting financial management assessments, supporting financial management systems strengthening projects, and coordinating knowledge sharing and capacity building initiatives. You will serve as the financial management focal point for the PNG resident mission, working independently or collaboratively with a team to ensure effective financial oversight and compliance with ADB's guidelines and standards.

Duties and Responsibilities:
Your primary duties and responsibilities will include leading the review of audited project and entity financial statements, providing financial management support to project teams, and analyzing compliance issues related to financial reporting. You will conduct financial management assessments of executing and implementing agencies, prepare financial projections, and develop risk mitigation measures for projects. Additionally, you will facilitate project preparation and review missions, monitor compliance with financial covenants, and participate in the preparation of country or regional partnership strategies. You will also contribute to knowledge management efforts by participating in training and conferences, supporting capacity building programs, and preparing development plans for executing agencies. Other tasks may be assigned as reflected in your workplan.

Required Qualifications:
To qualify for this position, you will need a Bachelor's degree, preferably with a Master's degree in Accounting, Finance, or a related field. A professional accounting qualification (e.g., CPA, CA) from an internationally recognized institution is required, and a CFA qualification is desirable. You should have at least 8 years of relevant professional experience in financial management, with a minimum of 4 years in a supervisory role. Experience in investment project appraisal and familiarity with the appraisal processes of financial institutions, including multilateral development banks, will be considered a valuable asset. You must possess advanced knowledge of financial management principles, including International Financial Reporting Standards and auditing standards, as well as experience in advising clients on financial management systems design and implementation.

Educational Background:
The educational background required for this position includes a Bachelor's degree in a relevant field, with a preference for candidates holding a Master's degree in Accounting, Finance, or a related discipline. Additionally, candidates must have a professional accounting qualification from a recognized institution, which demonstrates their expertise and commitment to the field of financial management.

Experience:
Candidates should have a minimum of 8 years of relevant professional experience in financial management, which can include roles in both the private and public sectors. This experience should encompass areas such as accounting, budgeting, and auditing. Furthermore, at least 4 years of supervisory experience is required, indicating a capacity for leadership and management within financial teams or projects.

Languages:
Proficiency in English is mandatory, as the role requires effective communication and report-writing skills in both spoken and written formats. While English is the primary language required, knowledge of additional languages may be considered an asset, particularly in the context of working with diverse stakeholders in the Asia-Pacific region.

Additional Notes:
This position is classified as a local staff role, open only to nationals and permanent residents of Papua New Guinea. It is a fixed-term appointment with the possibility of renewal, initially for a period of up to 3 years or until the Normal Retirement Date (NRD), whichever comes first. After the initial term, ADB may choose to renew the appointment based on various factors, including the staff member's performance and the organization's needs. The position offers a competitive salary and a comprehensive benefits package, including housing and education allowances (if applicable), expatriate benefits (if applicable), a retirement plan, medical and health benefits, paid leave, and life insurance plans.