Financial Control Officer

Job Posting Organization:
The Asian Development Bank (ADB) is a leading multilateral development bank that was established in 196

• ADB is headquartered in Manila, Philippines, and is owned by 69 members, with 50 of them from the Asia-Pacific region. The organization is dedicated to fostering inclusive, resilient, and sustainable growth across Asia and the Pacific. ADB works collaboratively with its members and partners to address complex challenges, utilizing innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard the planet. ADB's mission is to alleviate poverty and promote sustainable development in the Asia-Pacific region, and it strives to create an inclusive environment where everyone is treated with respect and given equal opportunities to work. ADB encourages diversity and actively seeks to recruit individuals from various backgrounds, including women, to ensure a balanced workforce.

Job Overview:
The Financial Control Officer position is situated within the Technical Assistance Section (CTLA-TA) of the administration" style="border-bottom: 1px dotted #007bff !important;">Loan Administration Division (CTLA) in the Controller's Department (CTL) at ADB. This role is crucial for managing accounting and financial administration functions related to disbursements for ADB's Technical Assistance (TA) projects. The officer will be stationed at the Resident Mission Office in Bangkok, Thailand, and will report to the Assistant Controller of CTLA and other designated international staff. The primary responsibilities include ensuring compliance with fiduciary and internal financial controls, preparing management information and reports for monitoring TA projects, revising financial procedures to align with the new TA Policy, and providing quality client service to various stakeholders involved in project implementation. The officer will also oversee the development and implementation of information technology systems to streamline processes and support ADB's Organizational Resilience (OR).

Duties and Responsibilities:
The Financial Control Officer will undertake a variety of duties, including but not limited to: preparing management information and reports to facilitate corporate and country-level monitoring of TA projects; supporting the revision of financial procedures and the TA Disbursement Handbook to ensure alignment with the new TA Policy; ensuring that disbursement operations for TA grants comply with ADB's policies and guidelines; monitoring transaction volumes and processing times to meet service level standards; overseeing the reconciliation of suspense accounts and facilitating liquidation and accounting entries; providing quality client service and advice to TA supervising units, consultants, and service providers during project implementation; and overseeing functional user support in the development, testing, and implementation of information technology systems to enhance operational efficiency. Additionally, the officer will support CTL's OR and business continuity by managing accounting and financial administration for TA project disbursements, which may extend to other areas of CTL work, including non-sovereign loans and ADB administrative payments.

Required Qualifications:
Candidates for the Financial Control Officer position must possess a bachelor's degree in accounting, business administration, or finance. Advanced training or an internationally recognized professional certification, such as Certified Public Accountant (CPA) or Chartered Accountant (CA), is preferred. Additionally, candidates should have at least 8 years of relevant experience in related fields. A working knowledge of business technologies in a computerized environment, particularly with large databases and accounting software, is essential. Experience with enterprise resource planning (ERP) systems is desirable. Candidates should also have knowledge of multilateral development or international banking, accounting practices, systems, guidelines, and reports. Proficiency in written and verbal English is mandatory, along with demonstrated experience in collaborating within cross-cultural and diverse teams.

Educational Background:
The educational background required for the Financial Control Officer position includes a bachelor's degree in accounting, business administration, or finance. Candidates with advanced training or internationally recognized professional certifications, such as CPA or CA, will be given preference. This educational foundation is crucial for understanding the complexities of financial management and accounting practices necessary for the role.

Experience:
The position requires candidates to have a minimum of 8 years of relevant experience in fields related to financial control, accounting, or financial administration. This experience should ideally include working in environments that involve large databases and accounting software, as well as familiarity with enterprise resource planning (ERP) systems. Candidates should also have experience in multilateral development or international banking, which will provide them with the necessary context for the financial operations at ADB.

Languages:
Proficiency in English, both written and verbal, is mandatory for the Financial Control Officer position. This proficiency is essential for effective communication within the organization and with external stakeholders. While English is the primary language required, knowledge of additional languages may be considered an asset, particularly in a diverse and multicultural environment such as ADB.

Additional Notes:
This appointment is open to both internal and external applicants and is classified as a local staff position, meaning it is only available to nationals and permanent residents of Thailand. The position is a fixed-term appointment with the option to renew, initially for a period of up to 3 years or until the Normal Retirement Date (NRD), whichever comes first. After the initial fixed-term period, ADB may choose to renew the appointment for an additional 3 years based on various factors, including the staff member's performance, suitability for employment, and the organization's needs. It is important to note that this appointment is not convertible to a regular appointment. ADB offers a competitive salary and a comprehensive benefits package, which includes a retirement plan, medical and health benefits, paid leave (including parental leave), life and other insurance plans, and opportunities for staff development.