Financial Control Analyst

Job Posting Organization:
The Asian Development Bank (ADB) is an international development finance institution that was established to foster economic growth and cooperation in the Asia-Pacific region. Headquartered in Manila, Philippines, ADB has a membership of 69 countries, with 50 of these being from 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 203

• 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 Financial Control Analyst position is a critical role within the Loan and Treasury Accounting Section of the Controller's Department at ADB. The primary function of this role is to provide technical support for the accounting responsibilities of ADB, which includes establishing and maintaining accounting records, internal controls, and preparing financial statements and reports. The analyst will be responsible for preparing financial reports, maintaining books of accounts for various financial products, and ensuring compliance with the United States generally accepted accounting principles. The role also involves analyzing financial data for accuracy and compliance, performing analysis" style="border-bottom: 1px dotted #007bff !important;">financial analysis to monitor ADB's financial position, and identifying system requirements for efficient operations. Additionally, the analyst will assist in developing IT solutions to enhance accounting functions and client services, maintain controls for billing statements, and support the Financial Control Officer by providing guidance to team members. This position requires a detail-oriented individual who can work collaboratively in a multicultural environment and communicate effectively in English.

Duties and Responsibilities:
The Financial Control Analyst will have a comprehensive set of duties and responsibilities, including but not limited to: preparing financial reports and maintaining accurate books of accounts for loans, guarantees, equity investments, and derivative products; ensuring that accounting records and reports are consistent with established accounting principles; analyzing financial data and transactions for accuracy and compliance; performing financial analysis to monitor ADB's financial resources; identifying system requirements and proposing enhancements to existing systems; assisting in the development of IT solutions for loan and treasury accounting; maintaining controls for billing statements and processing transactions; preparing and verifying reconciliation reports; investigating discrepancies; compiling and reviewing financial data for reporting purposes; coordinating information following established procedures; supporting the Financial Control Officer; and performing any other assignments as reflected in the workplan.

Required Qualifications:
Candidates for the Financial Control Analyst position must possess a Bachelor's degree in business administration with a major in accounting, along with a Certified Public Accountant qualification. Additionally, candidates should have at least 5 years of work experience in accounting within a computerized environment. Proficiency in Microsoft Office applications, particularly MS Word and MS Excel, is essential, as well as familiarity with accounting software commonly used in ADB, such as Loan IQ, Summit, Oracle ERP, and PFMS. Experience with accounting policies and reporting requirements in multinational organizations or multilateral institutions is also required. Candidates should have knowledge of ADB's products, including loans, guarantees, equity investments, and associated derivatives, as well as experience working cooperatively in a multicultural environment.

Educational Background:
The educational background required for this position includes a Bachelor's degree in business administration with a major in accounting. Additionally, candidates must hold a Certified Public Accountant qualification, which demonstrates their expertise and knowledge in accounting principles and practices.

Experience:
The position requires a minimum of 5 years of relevant work experience in accounting, particularly in a computerized environment. Candidates should have experience with accounting policies, systems, and reporting requirements that are prevalent in multinational organizations or multilateral institutions. Familiarity with ADB's financial products and the interactions between different work areas within ADB is also beneficial.

Languages:
Proficiency in English is mandatory for this position, as the role requires excellent speaking and writing skills. While English is the primary language of communication, knowledge of additional languages may be considered an asset but is not explicitly required.

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 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), life and other insurance plans, and opportunities for staff development. ADB is committed to hiring nationals from its 69 member countries and encourages all qualified candidates to apply.