Financial Management Analyst

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 69 member countries, with 49 of them from the Asia and Pacific region. The organization is dedicated to alleviating poverty and promoting sustainable development across the Asia-Pacific region. ADB combines finance, knowledge, and partnerships to achieve its mission and has a workforce of thousands of employees working in various capacities across its member countries. ADB's commitment to fostering prosperity in Asia is reflected in its strategic initiatives and programs aimed at creating a more inclusive and resilient society.

Job Overview:
As a Financial Management Analyst at ADB, you will play a crucial role in supporting the Financial Management Division (PFFM) within the Procurement, Portfolio and Financial Management Department (PPFD). Your primary responsibilities will include providing technical, analytical, and coordination support for the daily operational and administrative tasks of PFFM. You will be involved in various activities such as financial management supervision during project implementation, conducting financial due diligence, performing portfolio analysis, and facilitating technical assistance projects. This position requires a proactive approach to ensure compliance with ADB's financial management requirements and to support project teams in achieving their objectives. You will also have the opportunity to work on tasks in other developing member countries of ADB as needed, making this role dynamic and impactful.

Duties and Responsibilities:
The duties and responsibilities of the Financial Management Analyst include:

• Financial Management Monitoring: Ensure compliance with ADB's financial management requirements by following up with project teams and executing agencies. Monitor and update financial management action plans, input project data into ADB's electronic databases, and review submission of financial statements.
• Financial Due Diligence: Assess the financial management capacity of executing agencies, evaluate FM systems, and design arrangements to mitigate risks. Conduct financial evaluations and draft relevant sections of project reports.
• Portfolio Analysis: Prepare analytical reports on portfolio financial management performance, including statistical analysis and identifying common issues.
• Technical Assistance Support: Assist TA teams in preparing reports, monitor TA implementation, and coordinate logistics for TA-funded missions.
• General PFFM Tasks: Maintain PFFM's webpage and databases, oversee document logs, and contribute to knowledge product development.
• Coordination Support: Schedule appointments and arrange travel for assigned supervisors.
• Other Tasks: Perform any additional tasks assigned by the supervisor or outlined in your work plan.

Required Qualifications:
To qualify for the Financial Management Analyst position, candidates must possess a Bachelor's degree in accounting, business administration, commerce, or a related field. A professional accounting qualification such as CPA or CA from an internationally recognized institution is required, and a CFA qualification is considered an advantage. Candidates should have at least 5 years of relevant professional experience, with knowledge of ADB policies and procedures being a plus. Experience in collaborating with internal and external clients, including government officials and development partners, is essential. Strong verbal and written communication skills in English are required, along with proficiency in MS Office applications and document filing systems.

Educational Background:
Candidates must have a Bachelor's degree in a relevant discipline such as accounting, business administration, or commerce. A professional qualification in accounting (e.g., CPA, CA) from a recognized institution is mandatory, while a CFA qualification is advantageous. This educational background is crucial for understanding the financial management principles and practices necessary for the role.

Experience:
The position requires a minimum of 5 years of relevant professional experience in financial management or a related field. Candidates should have experience working in a multilateral or bilateral development context, which will provide them with the necessary skills to navigate the complexities of financial management in development projects. Familiarity with ADB's policies and guidelines is an advantage, as is experience in collaborating with various stakeholders, including government officials and development partners.

Languages:
Fluency in English is mandatory, with excellent verbal and written communication skills required for effective interaction with colleagues and stakeholders. Knowledge of additional languages may be beneficial but is not explicitly required for this position.

Additional Notes:
This position is classified as a local staff role, open only to nationals and residents of the People's Republic of China. It is a fixed-term appointment with the option to renew for an initial period of three years, following ADB's administrative guidelines. The appointment is not convertible to a regular position, but there is no limit on the number of renewals. ADB offers competitive compensation and a comprehensive benefits package, including paid leave, medical benefits, life insurance, retirement plans, and housing allowances if applicable. Women are highly encouraged to apply, and ADB is committed to creating an inclusive work environment.