Senior Financial Management Specialist – International Expert

Oriental Consultants Philippines, Inc.; Metro Manila; On-site; PHP 1,400,000 - 2,400,000; Full time

Job summary

Oriental Consultants Philippines, Inc. seeks an International Expert in Financial Management to lead project finances for building retrofitting/infrastructure work.

You will establish robust financial systems, monitor budgets and cash flows, and ensure compliance with international financing guidelines. The role requires CPA or equivalent certification, a Master’s degree, and 15+ years in financial management for large infrastructure projects, with preference for WB/ADB/JICA contexts.

Qualifications

• Licensed CPA or equivalent professional license/certification.
• Master's Degree in Accounting, Finance, Financial Management, Business Administration, or related field.
• With relevant professional training/certifications in financial management, budgeting, procurement or related areas.

Responsibilities

• Lead financial management activities of the building retrofitting/infrastructure project.
• Develop and maintain financial management systems, procedures, and internal controls.
• Prepare and monitor project budget, financial plans, cash-flow forecasts, and expenditure plans.
• Monitor expenditures and ensure funds align with approved budgets and financing agreements.
• Establish procedures for accounting, recording, disbursement, payments and reporting.
• Review financial statements, documents, and payments for accuracy and compliance.
• Prepare periodic financial statements and management reports.
• Monitor disbursements, fund utilization and cash requirements; identify risks.
• Ensure compliance with accounting standards, regulations, and financing guidelines.
• Provide financial inputs for procurement planning and contract management.
• Coordinate with project team on financial matters; audit readiness and resolution.

Skills

Financial management

Budgeting

Cash-flow management

Financial reporting

Internal controls

Project finance

Audit readiness

Excel proficiency

Stakeholder management

Procurement knowledge

Contract management

International financing

Education

Master's Degree in Accounting/Finance

CPA Certification

Tools

Microsoft Excel

Financial software

ERP systems

Job description

• Licensed Certified Public Accountant (CPA), or Accountant with an equivalent professional license/certification or proof issued by the official licensing/issuing agency of their country.

• Preferably with a Master's Degree in Accounting, Finance, Financial Management, Business Administration, or another related field.

• With relevant professional training and certifications in financial management, project financial management, accounting, budgeting, procurement, or other areas relevant to the position.

• Minimum of fifteen (15) years of professional experience in accounting, financial management, project finance, or a related field.

• Preferably with at least ten (10) years of relevant experience in infrastructure projects, particularly building construction, rehabilitation, retrofitting, or other major civil works projects.

• Demonstrated experience in financial management of large-scale infrastructure or development projects, preferably those financed by international development partners.

• Experience in project budgeting, financial planning, accounting, cash-flow management, financial reporting, and expenditure monitoring.

• Experience in managing and monitoring project funds, disbursements, payments, financial controls, and financial documentation.

• Familiarity with the financial management requirements of World Bank, ADB, JICA, or other international financing institutions is highly desirable.

• Experience in foreign-funded or internationally financed projects is highly preferred for an International Expert position.

• Knowledge of applicable international accounting standards, financial management principles, audit requirements, and government financial regulations.

• Experience in establishing or strengthening internal controls, financial procedures, and risk management systems.

• Strong analytical, financial reporting, problem-solving, communication, and stakeholder-management skills.

• Demonstrated ability to work effectively with government agencies, international organizations, project consultants, contractors, auditors, and other project stakeholders.

• Proficiency in financial management/accounting software and Microsoft Excel or equivalent financial analysis tools.

Duties and Responsibilities

1. Lead and oversee the financial management activities of the building retrofitting/infrastructure project.

2. Develop and maintain appropriate financial management systems, procedures, and internal controls for the project.

3. Prepare and monitor the project budget, financial plans, cash-flow forecasts, and expenditure plans.

4. Monitor project expenditures and ensure that funds are utilized in accordance with the approved budget, financing agreements, and applicable financial management requirements.

5. Establish and maintain proper procedures for accounting, financial recording, disbursement, payment processing, and financial reporting.

6. Review and monitor project accounts, financial transactions, supporting documents, and payment requests for accuracy, completeness, and compliance.

7. Prepare and/or review periodic financial statements, financial reports, expenditure reports, and management reports.

8. Monitor project disbursements, fund utilization, commitments, and cash requirements and identify potential funding or cash-flow issues.

9. Ensure that financial records and reports comply with applicable accounting standards, government regulations, project requirements, and financing institution guidelines.

10. Provide financial inputs for procurement planning, contract management, payment processing, and project implementation.

11. Coordinate with the Procurement and Contract Management Specialist, Project Manager, Engineers, Quantity Surveyors, contractors, and other specialists on financial matters.

12. Review the financial aspects of contracts, payment applications, variations, claims, and other project-related expenditures.

13. Establish and monitor internal control mechanisms to minimize financial risks, errors, irregularities, and potential misuse of project funds.

14. Identify financial risks and recommend appropriate risk mitigation and corrective measures.

15. Coordinate with internal and external auditors and provide the necessary financial records, reports, and supporting documents for audit activities.

16. Assist in addressing audit findings, financial management observations, and recommendations, and monitor the implementation of corrective actions.

17. Ensure compliance with the financial management and reporting requirements of the international financing institution, where applicable.

18. Provide technical guidance and capacity building to project financial management/accounting staff.

19. Review and improve existing financial management policies, procedures, systems, and reporting mechanisms as necessary.

20. Prepare financial inputs for project progress reports, implementation reports, and management presentations.

21. Support the preparation of project completion accounts, final financial reports, and financial close-out activities.

22. Provide expert advice to the Project Manager/Team Leader and implementing agency on financial management, accounting, budgeting, and financial risk matters.

23. Participate in project meetings, financial reviews, audits, and coordination meetings with government agencies, financing institutions, consultants, and other stakeholders.