Financial Control Specialist/Senior Financial Control Specialist - IS4
Asian Development Bank
Philippines, Manila, Manila
2d ago
source : cinfo

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Company presentation

The mission of the Asian Development Bank (ADB) is to help its developing member countries to reduce poverty and improve the quality of life of their people through inclusive and environmentally sustainable growth and regional integration.

The ADB Group comprises the ADB and the Asian Development Fund (ADF), the concessional window which provides support to the poorest regional member countries.

Find in-depth information on careers with ADB and related cinfo's support on cinfo.ch : Visit the organisation's profile

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IMPORTANT INFORMATION :

Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions.

Applicants are expected to disclose if they have any relative / s by consanguinity / blood, by adoption and / or by affinity / marriage presently employed in ADB.

1Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle

Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date.

Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.

O. 2.03, paragraphs 5.8 and 5.9).

In the event that the staff appointed to a new category (i.e. from AS to NS, or from NS to IS) is rated at 2 or lower in the first two performance reviews after appointment at the new level, they will return to the level occupied immediately prior to their appointment in the new category.

Overview

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.

ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.

ADB only hires nationals of its 68 members.

The position is assigned in the Trust Funds and Administrative Expenses (CTFA) Division within the Controller's Department (CTL).

CTL's overall responsibility is to help maintain adequate and sound internal control of processes in ADB, and CTFA's responsibilities include preparing financial reports for trust funds and processing and overseeing administrative and capital expense payments and the accounting thereof.

To view ADB Organizational Chart, please click here.

Job Purpose

  • The Financial Control Specialist / Senior Financial Control Specialist will lead and supervise the assigned team to establish and maintain an adequate internal control system to ensure all ADB's financial transactions are properly, completely and accurately recorded;
  • and develop and implement appropriate accounting guidelines, taking into consideration generally accepted accounting principles observed by ADB and internal ADB guidelines.

    The Specialist will also oversee the business process to ensure sound internal controls are established in preparing financial reports and processing transactions in accordance with the relevant accounting standards and ADB internal guidelines.

    The Specialist is expected to work within a framework of broad policies, principles and goals, applying a high degree of autonomy in selection of work methods.

    The incumbent will report to the Assistant Controller, CTFA and will supervise National Staff and Administrative Staff.

    Responsibilities

    Accounting Controls and Processing

  • Leads and oversees the development and implementation of basic systems of accounting and internal controls in processing accounting data and transactions and in the preparation of reports;
  • reviews and provides recommendations on changes to systems, policies and procedures to promote correctness of information and efficiency while maintaining appropriate internal controls;
  • supervises and monitors accounts; reviews appropriate, reconciliation reports, including analysis of reconciling items; analyzes and reviews financial and accounting data as a basis for the preparation of reports;
  • reviews and approves vouchers under specific authority.

    Internal Control over Financial Reporting

  • Oversees the internal controls over financial reporting process for the assigned business processes to ensure ADB maintains sound internal controls;
  • takes proactive roles in assessing risks inherent in the business processes and provides support over the annual assertion and attestation activities.

    Leadership and Strategic Management

  • Assists in planning, implementation and supervision of work plans as well as monitors the quality of output and achievement of long-term goals and annual objectives for CTFA;
  • Supports the Assistant Controller on technical and operational matters, contributing new or innovative approaches to developing accounting and administrative procedures and resolving operational issues.
  • Makes contributions to strengthening ADB's Organizational Resilience.
  • Knowledge sharing

  • Provides timely and quality review, analysis and comments to enhancements in ADB policies and procedures;
  • Represents CTL in inter-departmental activities, working groups and committees as assigned.
  • Staff Supervision

  • Manages the performance of the reporting staff, providing clear direction and regular monitoring and feedback on performance;
  • Takes the role of a team leader and supervises the work of team members;
  • Ensures the on-going learning and development of reporting staff.
  • Others

  • Performs any other assignments as assigned by the Assistant Controller.
  • Qualifications

    Relevant Experience & Requirements

  • Master's Degree, or equivalent, in accounting, finance, business, with a professional certification, such as CPA or its equivalent;
  • or University degree in accounting, finance, business, with a professional certification, such as CPA or its equivalent combined with at least 5 years specialized experience relevant to the position may be considered in lieu of a Master's degree.

  • At least 8 years' relevant experience in various accounting and control processes in the banking / financial sector, financial systems analysis and development in the finance / banking industry.
  • International experience working in several countries.
  • Proficiency and in-depth knowledge in internal control concept and its application.
  • Good business knowledge and working experience in accounting and financial reporting in Multilateral Development Banks (MDBs) or large financial institutions and associated IT systems.
  • Proven application of expertise within a specific area, or breadth across multiple areas with in-depth knowledge within one area.
  • Ability to utilize and share relevant knowledge to benefit the broader ADB community.
  • Ability to act as a mentor to the more junior team members, providing guidance.
  • Ability to act as a coach to develop capabilities / potential of more junior colleagues.
  • Ability to act as a team leader when required with supervision from the Assistant Controller or a more senior team leader.
  • Excellent oral and written communication skills in English.
  • Please refer to the links for ADB Competency Framework for IS4 and IS5.
  • General Considerations

    The selected candidate, if new to ADB, is appointed for an initial term of 3 years.

    ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB's standards and computation, taking into account the selected individual's qualifications and experience.

    ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment.

    ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities.

    Women are highly encouraged to apply.

    Please note that the actual level and salary will be based on qualifications of the selected candidate.

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