Financial Control Analyst / 240419

SHARE THIS PAGE Reference Number 240419
Position Level AS 7
Department Controllers Department
Division Loan and Treasury Accounting Section
Location Asian Development Bank Headquarters
Date Posted Wednesday, June 19, 2024
Closing Date Wednesday, July 3, 2024 11:59 p.m. (2359 Manila Time, 0800 GMT)

Join Our Mission to Foster Prosperity in Asia

Are you ready to make a lasting impact on the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.

Organizational Setting and Reporting Relationship

The position of Financial Control Analyst is assigned to the Accounting Division (CTAC) within the Controller’s Department. You will be based at our Headquarters in Manila, Philippines.

You will report to designated international staff and senior national staff.

Your Role

As a Financial Control Analyst, you will: provide analytical accounting support for nonsovereign products; assist in coordinating, facilitating, and maintaining sound accounting/internal controls over financial reporting; prepare nonsovereign financial statements and other reports; and develop accounting policies and procedures to ensure financial statements and accounting related analysis and reports effectively and efficiently.

You will:

• Review and analyze financial data, transactions and reports for accuracy, consistency and compliance with policies and established procedures; prepare and contribute to the preparation of financial statements and other reports in accordance with US GAAP; assist in performing various financial analysis to monitor and report on the nonsovereign operation products. Assist in maintaining books of accounts for nonsovereign loans and grants, equity investments and guarantees; and ensure that accounting records/reports are in accordance with generally accepted accounting principles.
• Review, analyze, and identify information technology requirements for effective and efficient operations; ensure accuracy and reliability of systems; propose changes and revisions to existing systems and coordinate the needs of the work area with the Information Technology Department through the coordinating specialist in charge.
• Establish and maintain appropriate and adequate internal controls and procedures in preparing financial reports and analysis; recommend changes and improvements to ensure accurate, complete and timely accounting in compliance with applicable accounting policies and guidelines; monitor account balances to ensure appropriate accounting treatments are regularly; prepare and verify reconciliation reports of accounts; undertake initial investigation of discrepancies for review by supervising staff; compile, analyze and review financial and accounting data as a basis for the preparation of reports; ensure the accuracy, consistency and propriety of supporting documentation for accounting transactions in compliance with accounting practices, established procedures and guidelines. Assist in reviewing, monitoring, and developing accounting policies and positions in response to new developments in ADB and accounting standards specifically relating to the nonsovereign products.
• Participate in procedural and organizational review; participate in the formulation of the Sections goals and objectives and the related plans and programs.
• Provide technical and procedural guidelines to other subordinate administrative staff.
• Coordinate and provide required information to clients in accordance with established procedures in a tactful manner.
• Perform other tasks as assigned and reflected in the incumbents workplan.

Qualifications You will need:

• Bachelors degree in business administration, major in accounting; a Certified Public Accountant qualification;
• At least 5 years of experience in auditing or accounting with some supervisory role, preferably in a highly computerized environment in a large organization. Ability to have good understanding of ADBs products: loans and grants, debt securities, equity investments, and guarantees.
• Proficiency in Microsoft Office applications, particularly MS Word and MS Excel, and accounting and/or product (loans/equity) related software, such as Oracle ERP, LoanlQ, Summit.
• Good understanding of accounting policies, practices, systems, procedures, guidelines, and reporting requirements prevalent in multinational organizations or multilateral institution.

• Excellent written and verbal communication skills in English.

• Good interpersonal skills, demonstrated ability to work cohesively with peers and clients and provide guidance and feedback to subordinates.
• Analytical and systematic, with strong numerical skills and attention to details.
• Working knowledge of financial products of ADB, an advantage.
• Ability to plan and coordinate schedules and requirements to meet deadlines.
• Please refer to the link for ADB Competency Framework for Administrative Staff levels 7.

Benefits

ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB’s standards and comparator markets, taking into account your qualifications and experience.

• Paid leave (including parental)

• Medical and health benefits

• Life and other insurance plans

• Staff development

• Retirement plan

• Housing and education allowance (if applicable)

• Expatriate benefits (for international staff)

About Us

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.

To view ADB Organizational Chart, please click here.

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.

Visit ADB Careers FAQ for more information.

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