senior Financial control assistantAsian Development Bank

IMPORTANT INFORMATION Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.
1 Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle.
Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).
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 in the Loan and Treasury Accounting Section (CTAC-LTA) of the Accounting Division (CTAC) within the Controller's Department. CTAC 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 DMCs through loan accounting seminars and reviews of resident missions; maintains loan accounting and assures loan services.
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Job Purpose The Senior Financial Control Assistant will undertake a variety of accounting duties; maintaining and updating accounting records; maintaining sound accounting/internal controls; preparing accounting and other reports; and as relevant, contributing towards the preparation of financial statements for loan and treasury accounting. The incumbent will report to designated International Staff and senior National Staff.
Responsibilities
Reviews the bank and investment reconciliation reports in support of financial statements; and contributes in preparation of financial statements, accounting and other reports, as required under the supervision of a senior local staff, ensuring reported amounts are consistent with control accounts and that they are produced in a timely and accurate manner. In the case of accounting reports, ensures that they are in accordance with generally accepted accounting principles.
Reviews and identifies computer requirements for effective and efficient operation; initiates change to existing systems and assists in gathering, recording and analyzing investment transactions of Staff Retirement Plan (SRP) and Post-Retirement Group Medical Insurance Plan (PRGMIP) from custodian's website; coordinates the needs of the work area with the Information Technology Department through the International Staff in charge; and checks and ensures the accuracy and reliability of systems.
Maintains and ensures appropriate, adequate, and timely controls in the reconciliation of asset accounts, preparation of accounting data, processing of transactions and preparation of reports; and recommends changes and improvements as required to ensure correct, complete, and timely accounting.
Prepares necessary periodic reconciliations of control accounts in a timely and accurate manner; and undertakes initial investigation of discrepancies and proposes corrective actions for review by supervising staff.
Reviews and verifies the accuracy, consistency, and propriety of supporting documents for all claims, payments, and other accounting transactions in compliance with accounting practices, established procedures and guidelines. Gathers and analyzes data or information from a variety of sources to assist in producing timely and accurate analysis and 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.