Asian Development Bank (ADB)
Associate Financial Management
Officer
Position Level NS 1
Department Central and West Asia Department
Division Central and West Asia Department
Location Asian Development Bank Headquarters
Date Posted Tuesday, January 12, 2021
Closing Date Tuesday, January 26, 2021 11:59 p.m. (2359 Manila Time, 0800 GMT)
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.
The position is assigned in the Portfolio, Results, Safeguards and Gender Unit (CWOD-PSG) within the Central and West Asia Department (CWRD). CWRD is responsible for maintaining client relations and delivering ADB assistance to countries in the Central and West Asia region. CWOD-PSG provides overall support and guidance in portfolio management, safeguards, and financial management for projects in CWRD member countries.
Job Purpose
The Associate Financial Management Officer provides advice
and support to the financial management (FM) function for CWRD’s project
portfolio by working closely with CWRD’s FM focal points, project officers and
analysts; and supports project teams working on CWRD’s project portfolio to
ensure compliance related to audited project financial statements (APFSs),
entity financial statements (AEFSs) and project processing due diligence.
He/She will also provide support in implementing ADB FM policies and
strategies. The incumbent will report to designated International Staff.
Responsibilities
• Lead review of APFS and AEFS following the internal review process and
exercise professional judgment; financial management support for project teams
to communicate with executing and/or implementing agencies (EAs/IAs) on issues
identified in the APFS and AEFS, including compliance with financial covenants;
and preparation of checklists in accordance with ADB’s internal guidelines and
procedures for APFS review, monitoring and quality improvement.
• Analyze non-compliance or delayed compliance with APFS and AEFS submission
and public disclosure requirements, as well as quality, common issues and
deficiencies in APFS and AEFS and summarizes these and expected actions in a
regular report to Project Administration Unit Head.
• Diligently follow up with project teams and EAs to achieve compliance with
ADB FM requirements in close coordination and consultation with CWOD-PSG FM
unit, CWRD Sector Divisions (SDs) and Public Financial Management Division
(PFFM).
• Monitor regularly the follow-up actions identified from APFS and AEFS review
or other related actions and develops and maintains an appropriate monitoring
database of project financial statements and verifies project related
information to assist APFS and AEFS review.
• Prepare and implement a capacity development plan for EAs/IAs to improve
their understanding of ADB financial management requirements; conduct FM
training and coaching programs for EAs/IAs.
• Support and advise PFFM to build the capacity of audit firms engaged by ADB
projects for audit purposes.
• Provide technical support to project teams on financial due diligence work by
supporting the conduct of a financial management assessment of the EAs/IAs,
including assessing whether previous financial management assessments have been
conducted by ADB or other agencies and, if so, reviewing the results and
ascertaining whether these can be used as input; assessing capacity for
planning and budgeting, management and financial accounting, reporting,
auditing, internal controls, and information systems; reviewing proposed
disbursement and funds-flow arrangements; and concluding on the financial
management risk rating and identifying and confirming measures for addressing
identified deficiencies.
• Assist in the preparation and agreement of cost estimates and financing based
on verifiable data to support project implementation.
• Provide support to the conduct of financial evaluations (financial
cost-benefit analyses) including sensitivity analyses of project components
that have a full cost-recovery objective.
• Assist in the development of risk mitigation measures to be incorporated in
financial covenants where significant risks are identified to project financial
sustainability or viability; and assessment and agreement from EAS/IAs on
financial reporting, auditing and public disclosure arrangements for the
project.
• Facilitate and participate in project preparation and/or review missions to
help resolve
