Financial control assistantAsian Development Bank

Job Description - Financial Control Assistant (240117)
Overview
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.
The position is assigned to the Loan and Treasury Accounting Section (CTAC-LTA), Accounting Division within the Controller's Department. The Accounting Division prepares financial reports; maintains the accounting policy, Management assertion and external auditor's attestation over internal controls for financial reporting; administers the financial management accounting system for Resident Missions; builds the financial management capacity of the developing member countries (DMCs) through loan accounting seminars and reviews of resident missions; maintains loan accounting and assures loan services.
To view ADB Organizational Chart, please click here.
Job Purpose
The Financial Control Assistant will perform a variety of accounting duties; maintains and updates accounting records; maintains sound internal controls; prepares financial and other reports; and contributes towards the preparation of financial statements for nonsovereign operations. The incumbent will report to designated International Staff and senior National Staff.
Responsibilities
• Contributes to the preparation of financial statements and other reports, as required under the supervision of a senior National Staff; Ensures that reported amounts are consistent with control accounts and are produced in a timely and accurate manner; Ensures accounting treatments and reporting are in accordance with generally accepted accounting principles.
• Evaluates system requirements for effective and efficient operation; initiates and conducts User Acceptance Tests for changes to existing systems; coordinates system support with Information Technology Department through International Staff in charge; and checks and ensures the reliability of systems.
• Maintains appropriate, adequate and timely controls in the preparation of accounting data, processing of transactions and preparation of reports; recommends changes and improvements as required to ensure completeness and accuracy of data; conducts periodic reconciliations of control accounts in a timely and accurate manner; undertakes initial investigation of discrepancies and proposes corrective actions for review by supervising staff; processes transactions through preparation of appropriate disbursement, collection or journal vouchers or other supporting documents.
• Verifies accuracy, validity, and propriety of supporting documents for all accounting transactions in compliance with established procedures, guidelines, or practices; prepares accurate billing statements and dispatches them in a timely manner; and gathers and analyzes data to assist in producing timely and accurate analysis reports.
• Coordinates and provides required information to clients in accordance with established procedures in a tactful manner.
• Performs other tasks as assigned and reflected in the incumbent's workplan.
Relevant Experience & Requirements
• Bachelor's degree in business administration, major in Accounting; with Certified Public Accountant qualification.
• At least 5 years of relevant professional experience.
• Excellent written and verbal communication skills in English.
• Good interpersonal skills, demonstrating ability to work cohesively with peers and clients and provide guidance and feedback to subordinates.
• Proficient with Microsoft Office applications, particularly MS Word and MS Excel, and accounting related software, such as Oracle ERP.
• Good understanding of accounting policies, practices, systems, procedures, guidelines, and reporting requirements prevalent in multinational organizations or multilateral institutions.
• Analytical and systematic, with strong numerical skills and attention to details.
• Working knowledge of financial products of ADB.
• Ability to plan and coordinate schedules and requirements to meet deadlines.
• Please refer to the link for ADB Competency Framework for Administrative Staff level AS4.
General Considerations
The selected candidate, if new to ADB, is appointed for an initial term of 3 years.
ADB offers competitive remuneration and a comprehensive benefits package. The actual appointment salary will be based on ADB's standards and computation, taking into account the selected individual's qualifications and experience.
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.
Please note that the actual level and salary will be based on the qualifications of the selected candidate.
: Asian Development Bank Headquarters-Philippines-Manila
Department: Controller's Department
Unit: Loan and Treasury Accounting Section
Staff Category: Administrative Staff (HQ)
Position Level: AS 4
: 15-Feb-2024, 2:34:50 PM
: 29-Feb-2024, 11:59:00 PM