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Title: Financial Management Specialist
Department/Division: East Asia Department (EARD) / Regional Cooperation, Governance, and Finance Division, EARD (EARG)

1. IMMEDIATE REPORTING RELATIONSHIPS:

The position reports to: Director, Country Coordination, Regional Cooperation, Governance, Finance and Trade Division (EARG)

The following staff positions report to the Financial Management Specialist:
Administrative Staff

2. JOB PURPOSE:

Provide advice, expertise and technical guidance to the financial analysis and financial management activities of EARD within the framework of ADB’s policies and guidelines, and in close collaboration with the Capacity Development and Governance Division, RSDD. Work with broad policies and objectives, having freedom to work with clients, with supervision for critical tasks.

3. EXPECTED OUTCOMES:
  1. Policies, Strategies and Frameworks
  • Participate in the Financial Management Community of Practice.
  • Contribute to the review and update of ADB’s policies and guidelines with respect to financial analysis and financial management.
  1. Operational Advice and Support
  • Provide review and technical support to EARD sector divisions, including review of papers, feasibility studies, Report and Recommendation of the President (RRP) and other relevant documents to ensure consistency and enhance the quality of EARD projects/programs from the perspective of financial viability and sustainability.
  • Provide advisory technical support to processing and administration missions on financial analysis and financial management issues, including participation in missions as required.
  • Participate in country partnership strategy (CPS) preparation and updates including assessing capacity development requirements for financial management at the country level; and assisting in completing country financing parameters, where necessary.
  • Interact with EARD divisions/resident missions to improve the quality of financial management systems and procedures of executing agencies (EAs) in managing project funds, maintaining project accounts and submitting timely and reliable financial reports.
  • Assist in developing audit terms of reference for specific project audits.
  • Assist EARD divisions/resident missions in reviewing project financial statements and audit reports, and resolving audit qualifications and ensuring that disbursement activities proceed on an uninterrupted basis.
  1. Knowledge Generation and Sharing
  • Serve as regional focal point for financial management harmonization.
  • Support governance initiatives in the areas of public financial management as required.
  • Assist EARD divisions/resident missions in capacity building or project of EAs, specifically in the area of financial management.
  • Serve as a training resource person for financial analysis/financial management at the division, department and ADB level.
  1. Staff Supervision
  • Provide leadership and support to reporting staff.
  • Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
    Ensure the on-going learning and development of reporting staff.
  1. Staff Supervision
  • Provide leadership and support to reporting staff.
  • Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
  • Ensure the on-going learning and development of reporting staff.

4. CORE COMPETENCIES:

Technical Knowledge and Skills

  • Able to lead others to solve complex problems using technical knowledge and skills in relation to ADB’s requirements for sound financial analysis and management
  • Applies a high level of technical expertise in work in financial analysis and management
  • Uses technical expertise to advise and support Country teams and DMCs in developing policy, and in project design

Client Orientation

  • Focuses own and other efforts on understanding and meeting client needs in DMCs (e.g. government agencies, private sector parties, NGOs)
  • Able to work effectively with clients
  • Seeks feedback on the quality of service and makes improvements

Achieving Results

  • Ensures own work contributes to achieving organizational results
  • Regularly reviews progress to ensure work is on target
  • Prioritizes own and others’ work to achieve key results areas

Working Together

  • Develops the team skills of team members
  • Encourages cooperation within and between teams and promotes the value of diversity in teams, such as in different views, culture, nationality, and gender
  • Facilitates conflict resolution within the team

Learning and Knowledge Sharing

  • Helps staff to find a variety of ways to learn and develop
  • Empowers staff to make improvements
  • Encourages the team to learn from each other

5. KEY RELATIONSHIPS:
a. Supervisor
  Director Work planning, performance feedback, results assessments, and personal development
b. External Clients
   Knowledge sharing and capacity development
c. Internal Clients
   Support for operations cooperation, project development, implementation and compliance monitoring, knowledge sharing and capacity development, team and mission management

6. EDUCATION REQUIREMENTS:

A university degree in business, finance or commerce with a professional designation in accounting, finance or related fields (e.g. CPA, CFA, CA); preferably at post-graduate level or its equivalent

7. RELEVANT EXPERIENCE AND OTHER REQUIREMENTS:
  • Suitability to undertake the responsibilities mentioned above at the required level
  • At least 8 years of relevant professional experience in private sector or public sector financial management (i.e. accounting, budgeting, auditing), or related area
  • Excellent oral and written communication skills in English
  • International experience working in development in several countries

8. IMPORTANT INSTRUCTIONS:

Established in 1966 and headquartered in Manila, Philippines, ADB's multicultural staff come from over 50 member countries. ADB offers an internationally competitive salary paid in US dollars. Salaries and benefits are generally free of tax except for citizens of some countries, primarily the USA and the Philippines, whose incomes are taxed by their respective governments. While the position advertised is for the ADB Headquarters in Manila, Philippines, ADB staff must be prepared to serve in any location outside its Headquarters at the discretion of Management. Applicants must be nationals of one of ADB's member countries.

Apply electronically, quoting Ref. No. EXT-PS08-031(2)-EARG and job title on subject line and attaching application form to email address PS-Jobs@adb.org.

Gender and cultural diversity is a core recruitment value and women are actively encouraged to apply.

Due to the volume of applications, ADB will not be able to respond to inquiries about application status and will only contact shortlisted candidates. Applications lacking the job reference number and job title or using the wrong e-mail address will not be considered.


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