Senior Financial Control Specialist

Job Posting Organization:
The Asian Development Bank (ADB) is an international development finance institution that was established to promote social and economic development in the Asia-Pacific region. Headquartered in Manila, Philippines, ADB has been operational since 1966 and currently comprises 69 member countries, with 50 of these members located in the Asia and Pacific region. ADB's mission is to alleviate poverty and promote sustainable development, and it aims to achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. The organization combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030, which focuses on eradicating extreme poverty and fostering prosperity in the region. ADB is committed to creating an inclusive work environment and encourages applications from all qualified candidates, particularly women, and individuals from diverse backgrounds.

Job Overview:
The Senior Financial Control Specialist position is a critical role within the Trust Fund and Administrative Expense Division (CTFA) of the Controller's Department (CTL) at the Asian Development Bank. This position is responsible for leading teams that manage the processing and accounting of administrative expenses, including payroll and staff consultants, ensuring that all transactions are complete, accurate, valid, and compliant with ADB policies. The role requires a strong focus on internal controls over financial reporting and aims to enhance business processes and financial systems to meet the goals of the department. The Senior Financial Control Specialist will oversee junior team members, providing mentorship and guidance while also collaborating with various departments to resolve policy issues and improve internal controls. This position is integral to ensuring that ADB's financial operations are efficient and effective, contributing to the overall mission of the organization.

Duties and Responsibilities:
The Senior Financial Control Specialist will have a wide range of responsibilities, including but not limited to: leading the implementation and enhancement of accounting systems and internal controls; recommending and implementing process improvements, including updates to procedural and accounting manuals; overseeing payroll, receivables, and staff consultant contracts to ensure compliance with United States Generally Accepted Accounting Principles and ADB policies; approving vouchers and maintaining accurate accounting records, including accruals and reconciliations; reviewing reconciliation reports and analyzing financial data for reporting; supporting internal control over financial reporting; identifying and assessing risks in administrative expenses and business processes; leading automation and efficiency improvements; collaborating with departments to resolve policy issues and enhance internal controls; representing the department in inter-departmental activities, working groups, and committees; managing staff performance through clear direction and regular feedback; assisting the Assistant Controller in technical and operational matters; and performing other duties as assigned and reflected in the workplan.

Required Qualifications:
Candidates for the Senior Financial Control Specialist position must possess a Master's degree or equivalent in accounting, finance, or business, along with a professional certification such as CPA or Chartered Accountant. Additionally, candidates should have at least 5 years of specialized experience relevant to the position and a minimum of 10 years of relevant experience in accounting and control processes within the banking or financial sector. This experience should include financial systems analysis and development, as well as international experience working in multiple countries. Candidates must demonstrate in-depth knowledge of internal control concepts and their application, as well as good business knowledge and working experience in accounting and financial reporting in multilateral development banks or large financial institutions. Expertise in specific areas of accounting and financial reporting is essential, along with experience in mentoring and coaching junior team members.

Educational Background:
The educational background required for the Senior Financial Control Specialist position includes a Master's degree or equivalent in accounting, finance, or business. A professional certification such as CPA, Chartered Accountant, or an equivalent qualification is also mandatory. This educational foundation is crucial for understanding complex financial systems and ensuring compliance with accounting standards and regulations.

Experience:
The position requires candidates to have at least 10 years of relevant experience in accounting and control processes, particularly within the banking or financial sector. This experience should encompass financial systems analysis and development, with a strong emphasis on international exposure and working in various countries. Candidates should also have experience in leading teams and managing staff performance, as well as a proven track record of implementing process improvements and enhancing internal controls.

Languages:
Proficiency in English, both written and verbal, is mandatory for this position. This 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 the context of ADB's diverse member countries.

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, which includes housing and education allowances (if applicable), expatriate benefits (if applicable), a retirement plan, medical and health benefits, paid leave (including parental leave), life and other insurance plans, and opportunities for staff development.