Senior Financial Control Officer

Asian Development Bank (ADB); Mandaluyong; On-site; PHP 3,600,000 - 6,000,000; Full time

Benefits offered by this job

Retirement plan

Medical benefits

Paid leave

Life insurance

Staff development

Job summary

Asian Development Bank (ADB) in Manila, Philippines, is seeking a Senior Financial Control Officer to oversee withdrawal processing for sovereign loans and grants and ensure compliance with ADB disbursement rules. The role includes managing fiduciary controls, IT system enhancements, and coordinating with RM staff and external partners.

The ideal candidate has a CPA, a bachelor’s in accounting/finance, 8+ years in disbursement or related work, and strong English communication.

Qualifications

• Bachelor’s degree in accounting, business administration, or finance; a CPA; preferably with Master's degree or equivalent.
• At least 8 years of experience in disbursement, project administration, or related work in accounting or auditing in financial institutions, with at least 4 years supervisory experience.
• In-depth knowledge of administrative and disbursement policies.
• Working knowledge of international banking transactions relating to letters of credit transactions.
• Proficiency in ADB standard and similar software programs used by multilateral development banks.
• Written and verbal proficiency in English.

Responsibilities

• Oversee the processing of withdrawal applications for sovereign loans and grants, ensuring eligibility and compliance with contract terms and guidelines.
• Ensure disbursement operations comply with policies, including eligibility, percentages, cost categories, and loan account closure.
• Provide expert views on disbursement policies and revisions, and share knowledge with staff and stakeholders.
• Participate in IT systems enhancements; define requirements and conduct UAT to ensure reliable processes.
• Act as officer-in-charge for RM Disbursement Unit National Staff when requested; guide Executing Agencies and RM staff on procedures.
• Review disbursement delegation, conduct seminars, and review project documents on disbursement issues.
• Support external auditors and manage client relations; supervise team and provide guidance.
• Perform other tasks as assigned in annual workplan.

Skills

English proficiency

Supervisory experience

Cross-cultural collaboration

Education

Bachelor’s degree in accounting, business administration, or finance

Certified Public Accountant (CPA)

Master’s degree or equivalent

Tools

ADB software

Job description

Job Description - Senior Financial Control Officer (26907)

Join Our Mission to Foster Prosperity in Asia

Are you ready to make a difference in 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 Senior Financial Control Officer is assigned to the Loan and Grant Disbursement Section (CTLA-LGD) of the Loan Administration Division (CTLA) within the Controller's Department (CTL). You will be based at our Headquarters in Manila, Philippines.

You will report to the designated International Staff and supervise junior team members.

Your Role

As a Senior Financial Control Officer, you will supervise and coordinate (i) ADB's disbursement operations for Sovereign Loans and Grants to comply with ADB's disbursement policies and guidelines; (ii) related fiduciary and internal financial control; (iii) withdrawal applications processing; (iv) systems enhancements and maintenance; and (v) reporting and administrative activities in a specialized work area within ADB.

You will:

• Oversee the processing of withdrawal applications for ADB's sovereign loans and grants, which are funded by the Ordinary Capital Resource, Special Funds Resources, and other sources, including reviewing withdrawal applications, confirming that expenditures are eligible, checking the completeness and accuracy of documentation and calculations, and ensuring that all applications comply with contract terms, relevant loan or grant documents, and ADB's regulations, procedures, and guidelines.
• Ensure that all disbursement operations comply with ADB's policies and guidelines, including eligibility of expenditures, disbursement percentages, cost categories, use of advance funds, statement of expenditure procedures, refund of advances, and loan account closure.
• Provide expert views and inputs on disbursement policies and guidelines and revisions of those, as needed, share knowledge with division's staff, other departments of ADB, cofinanciers and borrowers.
• Participate in the implementation and enhancements of IT systems by providing suggestions for improving the systems and processes for the efficient operations; define the business requirement; and ensure the accuracy and reliability of the systems processes through User Acceptance Tests (UAT).
• Contribute to efficient performance of loan and grant disbursement functions including acting as officer-in-charge for Resident Mission (RM) Disbursement Unit National Staff when requested, attend meetings on specific disbursement issues, provide detailed guidance to Executing Agencies and RM staff on disbursement procedures, policies and guidelines; and perform reviews of Statement of Expenditure procedure.
• Review disbursement delegation to RMs; conduct disbursement seminars; review and comment on draft project documents on issues relating to loan and grant disbursements and undertake research.
• Provide information requested by external auditors based on established guidelines and procedures.
• Manage client relations and ensure response to requests from all partners.
• Manage the work of the team by providing guidance and instructions.
• Perform other tasks as assigned and reflected in annual workplan.

You will need:

• Bachelor's degree in accounting, business administration, or finance; a Certified Public Accountant (CPA); preferably with Master's degree or equivalent.
• At least 8 years of experience in disbursement, project administration, or related work experience in accounting or auditing in financial institutions, with at least 4 years supervisory experience.
• In-depth knowledge of administrative and disbursement policies.
• Working knowledge of international banking transactions relating to letters of credit transactions.
• Proficiency in ADB standard and similar software programs used by multilateral development banks.
• Written and verbal proficiency in English.
• Demonstrated experience collaborating in cross-cultural and diverse teams and ability to collaborate constructively as an active team participant.
• Please refer to the link for ADB Competency Framework for TL6.

Benefits

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

• Retirement plan
• Medical and health benefits
• Paid leave (including parental)
• Life and other insurance plans
• Staff development

Additional Information

This appointment is open to internal and external applicants.

This is a fixed-term appointment for an initial fixed period of 3 years. At the end of the initial period, this appointment may, at the option of ADB, be extended once for up to 2 years, converted to a regular appointment, or ended on its expiration date. This decision will be made in the overall interest of ADB that: (a) it will require Staff’s particular blend of skills and experience in the foreseeable future; and (b) Staff’s performance is satisfactory and they are suitable for further employment.

Staff who are currently under regular appointments will retain their regular appointment status.

About Us

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 69 members, 50 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 our Strategy 2030.

ADB only hires nationals of its 69 members.

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ADB wants 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.

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