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 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 improve lives, develop quality infrastructure, and protect the environment. ADB is committed to creating an inclusive work environment where all individuals are treated with respect and given equal opportunities, encouraging applications from diverse backgrounds, including women and underrepresented groups.

Job Overview:
The Senior Financial Management Specialist position is situated within the Public Financial Management Division (PFFM) of the Procurement, Portfolio, and Financial Management Department at ADB. The role is based in the Mongolia Resident Mission (MNRM) in Ulaanbaatar, Mongolia, with an initial assignment of three years. The position involves providing technical guidance and advice on financial management and financial due diligence (FDD) to ensure high standards of financial management performance across ADB's operations. The specialist will lead efforts in developing and implementing financial management guidelines, support sovereign operations teams in developing financial management strategies, and oversee junior team members. The role requires a proactive approach to identifying areas for improvement and streamlining processes, particularly in alignment with ADB's digitalization agenda.

Duties and Responsibilities:
The Senior Financial Management Specialist will be responsible for a comprehensive range of duties including: providing technical guidance and analysis on financial management issues; supporting the development and implementation of financial management guidelines; advising sovereign operations teams on financial management strategies; leading financial management assessments of executing and implementing agencies; preparing financial projections and conducting financial analyses; proposing mitigation measures for identified financial risks; ensuring compliance with ADB's financial management and audit requirements; conducting reviews of Audited Project Financial Statements and Audited Entity Financial Statements; overseeing the performance of reporting staff; and engaging in knowledge sharing activities with counterparts within and outside ADB. The specialist will also participate in project preparation and review missions, ensuring that financial issues are addressed effectively throughout the project lifecycle.

Required Qualifications:
Candidates must possess a Master's degree in Business, Finance, Commerce, or a related field, or a University degree with at least 5 years of specialized experience relevant to the position. 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 developing member countries. Expertise in financial management, project leadership, 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. Alternatively, candidates with a University degree and significant specialized experience may also be considered. A professional accounting qualification from an internationally recognized institution is mandatory, highlighting the importance of formal education in finance and accounting for this role.

Experience:
The position requires a minimum of 10 years of relevant professional experience in financial management or a related field. Candidates should have a strong background in both private and public sector financial management, with a preference for those who have international experience working in various countries, particularly within ADB's developing member countries. Experience in leading projects and mentoring team members is also 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 may be considered an asset, particularly if they are relevant to ADB's operations in specific developing member countries.

Additional Notes:
This is a fixed-term appointment with the possibility of renewal, initially for a period of up to three years. The appointment may be renewed based on ADB's needs and the performance of the staff member. The position is full-time and may require relocation to Mongolia, with all reasonable relocation expenses covered by ADB. The organization 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 (including parental leave), and life and other insurance plans. ADB is committed to hiring nationals from its 69 member countries and encourages all qualified candidates to apply.