Senior Financial Control Officer

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

• Its mission is to alleviate poverty and promote sustainable development in the Asia-Pacific region. ADB is headquartered in Manila, Philippines, and is owned by 69 members, with 50 of them from the Asia-Pacific region. The organization employs a diverse workforce and is committed to fostering an inclusive environment where everyone is treated with respect and given equal opportunities. ADB works collaboratively with its members and partners to address complex challenges, utilizing innovative financial tools and strategic partnerships to drive transformative change across the region.

Job Overview:
The Senior Financial Control Officer position is a critical role within the Accounting Division of the Controller's Department at ADB. This position is designed for an experienced professional who will serve as the senior technical resource on accounting policy and financial reporting. The officer will be responsible for researching and documenting conclusions on complex and non-routine transactions, developing and maintaining accounting policies, and advising stakeholders on their application. The role also involves preparing financial statements and disclosures, strengthening internal controls over financial reporting, and supporting process and system improvements. The Senior Financial Control Officer will oversee junior team members and ensure high-quality analysis and application of policies, contributing to the overall mission of ADB to foster prosperity in Asia.

Duties and Responsibilities:
The duties and responsibilities of the Senior Financial Control Officer include: researching and interpreting complex accounting and financial reporting matters; preparing clear technical accounting memoranda; developing and maintaining ADB accounting policies and positions; monitoring standard-setting developments and assessing their potential effects on ADB's transactions; providing technical accounting advice during transaction structuring and product development; supporting the preparation and review of financial statements and disclosures; benchmarking accounting policies against peer institutions; partnering with external auditors to resolve technical accounting matters; evaluating accounting processes and internal controls; identifying risks and control gaps; leading enhancements to policies and systems; supporting cross-functional initiatives and training; and overseeing and coaching junior colleagues to promote high-quality analysis.

Required Qualifications:
Candidates for the Senior Financial Control Officer position must possess a Bachelor's degree in business administration with a major in Accounting or Finance, and must be a Certified Public Accountant. A Master's Degree or equivalent is preferred. Additionally, candidates should have at least 8 years of relevant professional experience, preferably in a computerized environment at a large financial institution, with at least 4 years of supervisory experience. Knowledge of accounting policies, procedures, guidelines, and reporting requirements commonly used in multinational organizations is essential. Candidates should also demonstrate expertise in internal controls concepts and their application, as well as proficiency in IT systems for financial products and accounting.

Educational Background:
The educational background required for this position includes a Bachelor's degree in business administration, majoring in Accounting or Finance. A Certified Public Accountant designation is mandatory, and a Master's Degree or equivalent is highly preferred. This educational foundation is crucial for understanding complex financial reporting and accounting policies necessary for the role.

Experience:
The position requires at least 8 years of relevant professional experience, ideally gained in a large financial institution or a similar environment. Candidates should have a minimum of 4 years of supervisory experience, demonstrating their ability to lead and mentor junior team members effectively. Experience in a computerized environment is also preferred, as it aligns with the technological demands of the role.

Languages:
Proficiency in English, both written and verbal, is mandatory for this 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 like ADB.

Additional Notes:
This appointment is a fixed-term position for an initial period of 3 years, with the possibility of extension for up to 2 additional years, conversion to a regular appointment, or termination at the end of the initial period based on ADB's needs and the employee's performance. The position is full-time and open to both internal and external applicants. ADB offers a competitive salary and a comprehensive benefits package, including retirement plans, medical and health benefits, paid leave, life insurance, and opportunities for staff development. ADB is committed to creating an inclusive work environment and encourages applications from all qualified candidates, particularly women.