Associate Financial Sector Officer

Job Posting Organization:
The Asian Development Bank (ADB) is an international development finance institution that was established in 1966 and is headquartered in Manila, Philippines. ADB is composed of 68 member countries, with 50 of them located in the Asia and Pacific region. The organization is dedicated to fostering economic growth and cooperation in the region, with a mission to alleviate poverty and promote sustainable development. ADB works through a combination of finance, knowledge, and partnerships to achieve its goals, and it operates in various sectors including finance, human and social development, and public sector management. ADB's commitment to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific is reflected in its Strategy 2030, which aims to eradicate extreme poverty and enhance the quality of life for all citizens in the region.

Job Overview:
The Associate Financial Sector Officer position is situated within the Finance Sector Office (SD-FIN) of the Sectors Department 3 (SD3) at ADB. This role is pivotal in providing technical and operational support in various aspects of project administration, portfolio management, and project processing activities related to loans, grants, and technical assistance (TA) specifically for the finance sector. The officer will engage in sector dialogue with government entities, development partners, and civil society, contributing to the overall mission of ADB to foster prosperity in Asia. The position requires a proactive approach to managing investment projects and TA projects, ensuring effective implementation and administration while focusing on enhancing financial and social inclusion through innovative financial technologies. The officer will also be responsible for analyzing the finance sector portfolio performance and providing guidance to team members, thereby playing a crucial role in advancing ADB's strategic agenda in the region.

Duties and Responsibilities:
The duties and responsibilities of the Associate Financial Sector Officer include co-leading and supporting the processing, implementation, and administration of investment and TA projects, with a focus on the finance sector. Key responsibilities involve monitoring project progress, preparing performance reports, and conducting annual forecasts of contract awards and disbursements. The officer will identify and address issues related to project implementation in collaboration with executing and implementing agencies, contractors, and beneficiaries. Additional tasks include preparing internal procurement documents, reviewing procurement papers, and conducting review missions with government counterparts. The officer will also analyze the finance sector portfolio performance, contribute to mission reports, and engage in sector dialogue with key stakeholders. Furthermore, the role involves supporting initiatives to integrate digital financial technologies into development projects, conducting research, and participating in country programming and review missions. The officer will mentor junior staff and perform other duties as assigned, ensuring alignment with ADB's operational and policy objectives.

Required Qualifications:
Candidates for the Associate Financial Sector Officer position must possess a Bachelor's degree in economics, finance, management, or related fields, with a preference for those with advanced training. A minimum of 5 years of work experience in finance or development partner-financed project preparation and administration is required. Extensive knowledge of government policies, reforms, and programs in the finance sector is essential, along with familiarity with government procedures and institutions. Experience within the Ministry of Finance is considered an advantage. Strong communication skills with the ability to engage effectively with government agencies, development partners, and civil society organizations are crucial. Candidates should also have a sound understanding of ADB or other multilateral development bank procedures related to TA and loan processing, as well as proficiency in computer applications and excellent oral and written communication skills in both English and Nepali.

Educational Background:
The educational background required for this position includes a Bachelor's degree in economics, finance, management, or related fields. Candidates with advanced training or degrees in these areas will be given preference, as this will enhance their ability to perform the technical and operational support functions required in the role.

Experience:
The position requires at least 5 years of relevant work experience in finance and/or in development partner-financed project preparation and administration. This experience should demonstrate a strong capacity to manage projects effectively and engage with various stakeholders in the finance sector.

Languages:
Proficiency in English and Nepali is mandatory for this position, with excellent oral and written communication skills required. Knowledge of additional languages may be considered an asset but is not mandatory.

Additional Notes:
This is a fixed-term appointment with the option to renew for an initial period of three years. The position is open to both internal and external applicants, and staff on probation are not eligible to apply. There are specific eligibility rules for housing loans and mortgage interest subsidies that apply to staff on fixed-term appointments. ADB offers competitive compensation and a comprehensive benefits package, including paid leave, medical benefits, life insurance, staff development opportunities, and a retirement plan. The organization is committed to providing an inclusive work environment and encourages applications from all qualified candidates, particularly women.