As an Associate Financial Management Officer, you will: (a) provide operational services in conducting financial due diligence of projects during processing and supervision during implementation; (b) support country FM assessments and FM systems strengthening projects; and (c) coordinate the development and delivery of knowledge sharing and capacity building support.
Responsibilities
Review of audited project and entity financial statements (APFS and AEFS) for all assigned projects following ADB's internal review guidelines including updating automated review checklists, monitoring and quality improvement; and (ii) FM support to project teams to communicate with executing agencies on issues identified in the APFS and AEFS, including compliance with financial covenants.
Analyze noncompliance or delayed compliance with APFS and AEFS submission, and quality, common issues and deficiencies in APFS and AEFS and summarize these and expected actions in a regular report.
Diligently follow up with project teams and executing agencies to achieve compliance with ADB FM requirements.
Monitor the follow-up actions identified from APFS and AEFS review or other related actions and verify project related information to assist APFS and AEFS review.
Facilitate and participate in project review missions to help resolve problems related to project financial management.
Input and update project data and records in ADB information systems and databases.
Monitor the assigned projects' compliance with financial covenants in the legal agreements and coordinate with project teams to follow up on achieving compliance.
Monitor the implementation of financial management action plans and communicate with EAs and IAs to resolve issues related to compliance along with the project team leader.
Participate as a team member for preparation of country or regional partnership strategy, governance risk assessments, or country public financial management assessments (e.g., public expenditure and financial accountability assessments).
Review country FM systems and monitor changes related to project financial management, audit, taxation, and other finance-related areas, and update country management and staff on any changes that may affect project implementation and performance.
Requirements:
Bachelor's degree in Accounting, finance, or a related field preferably with advanced training.
Professional qualification in accounting (e.g. CPA, CA) from an internationally recognized institution (e.g., IFAC). A CFA qualification is an advantage.
At least 5 years of relevant professional experience in private or public sector financial management (i.e., in accounting, budgeting, auditing).
Investment project appraisal, and (b) appraisal processes of financial institutions including multilateral development banks for sovereign and non-sovereign transactions is an advantage.
Advanced and broad knowledge of all aspects of FM.
International Financial Reporting Standards, International Public Sector Accounting Standards, and International Standards on Auditing and/or national equivalents.
Experience with internal control systems and procedures (in particular the Committee of Sponsoring Organizations framework).
Experience in auditing including assessing auditors' competence; and (iv) experience in advising clients on the design and implementation of FM systems, including financial and management reports.
