Financial Control Assistant

Asian Development Bank

Manila, Philippines

Experience: 3 to 5 Years

Skill Required: Accounts and Finance

The Financial Control Assistant will undertake a variety of accounting duties; carry out administrative functions, as required; maintain and update accounting records; maintain sound accounting/internal controls; prepare accounting and other reports; and as relevant, contribute towards the preparation of financial statements. The incumbent will report to designated International Staff and senior National Staff.
Responsibilities:
  • Contributes to the preparation of financial statements and prepares various accounting schedules to support the financial reports.
  • Maintains and ensures appropriate, adequate, and timely controls in the preparation of accounting data, processing of transactions loan, guarantees, equity investments and treasury products. Reviews and verifies the accuracy, consistency, and propriety of supporting documents in compliance with accounting practices, established procedures, and guidelines.
  • Provides assistance in the reconciliation and resolution of assigned accounts.
  • Ensures the maintenance and update of records/reports relating to ADB policies in connection to accounting procedures and guidelines and establishes an existing framework for easy retrieval.
  • Participates in the implementation of new systems or enhancements of existing systems; ensures the accuracy and reliability of systems; provides suggestions for enhancements/simplifications for effective and efficient operation; proposes changes to existing systems and coordinates the needs of the work area with the Information Technology Department (ITD) through the supervisor or International Staff in charge.
  • Coordinates and obtains/provides required information in accordance with established procedures in a tactful manner.
  • Performs any other assignments as required and reflected in the incumbent’s workplan.
Qualifications:
Relevant Experience & Requirements:
  • Bachelor's degree in Business Administration, Accounting, Finance, or any related field; with Certified Public Accountant qualification.
  • At least 5 years of accounting experience, preferably in a computerized environment, in a large organization, preferably in financial institutions.
  • Proficient with office suite software, particularly MS Excel, Word and Powerpoint, and large accounting software (e.g., Oracle ERP).
  • Good understanding of general accounting concepts and principles (US GAAP/IFRS), and their application.
  • Good understanding of the interactions between different work areas and relevant workflows and their purpose, as well as business knowledge of relevant areas.
  • Good understanding of accounting policies, practices, and reporting requirements for financial instruments
  • Ability to understand the concept of internal controls as they apply to financial and accounting processes.
  • Analytical and systematic, with strong numerical skills and attention to detail.
  • Good interpersonal skills.
  • Ability to plan and coordinate schedules in order to meet deadlines.
  • Ability to liaise and work effectively with staff within own work location.
  • Ability to work collaboratively with teams as a constructive team member.
  • Solid interpersonal skills and good command of written and spoken English.
  • Please refer to the link for ADB Competency Framework for Administrative Staff Level AS4.