Deadline: 4 August 2021
Asian Development Bank (ADB) is currently seeking applications from the eligible applicants for the post of Financial Control Officer in Manila, Philippines. The duration of this post is 3 years.
The ADB aims for an Asia and Pacific free from poverty.
Key Job Responsibilities
The Financial Control Officer will perform the following functions:
- Review and analyze data, transactions and reports for accuracy, consistency and compliance with policies or established practices.
- Review and oversee the preparation and analysis of the Bank’s periodic accounting reports related to investments, borrowings and related derivatives and foreign exchange transactions.
- Ensure the fairness and correctness of accounting reports in compliance with the Generally Accepted Accounting Principles of the United States (US GAAP) or other applicable standards.
- Carry out analytical work, i.e., valuation and analyses of fixed income investment and/or borrowings, and other types of financial instruments.
- Conceptualize, develop, implement, and enhance accounting and financial internal controls to ensure its appropriateness and adequacy and the completeness, validity and accuracy of accounting data and transactions for the preparation of related financial reports.
- Take appropriate action to ensure uniform, consistent, and timely recording and reporting of transactions in compliance with applicable policies and generally accepted accounting principles or other applicable standards.
- Monitor all accounts subject to reconciliation, ensuring all accounts are reconciled on a timely basis for review by designated international staff, and follow up all outstanding reconciling items.
- Contribute actively to the implementation of new systems or enhancements of existing systems.
- Coordinate changes and revisions to existing systems with IT Department and Treasury Department through the Specialist in charge.
- Maintain/update procedural/accounting manuals.
- Participate in study and implementation of new accounting standards and principles introduced by authoritative Accounting Bodies that may have an impact on accounting for investments, borrowings and derivatives instruments.
Applicant must have:
- Bachelor’s Degree in Business Administration, major in Accounting/Finance, Certified Public Accountant (CPA) qualification and MBA or MSc in Finance or CFA/FRM qualification would be advantageous.
- At least 8 year’s relevant experience in accounting with a supervisory capacity, preferably in a computerized environment in a large organization and experience in the accounting and analysis of fixed income securities and derivative instruments.
- Proficiency with computer software in common use at the Bank and its interfaces with other Bank systems and work areas, particularly MS Excel and Word, and large accounting software (e.g., Oracle ERP, SUMMIT).
- Good understanding of Bank accounting policies, practices and systems and Bank wide policies, procedures, guidelines, and reporting requirements.
- Excellent understanding of general accounting concepts and principles (US GAAP) related to fixed income securities, derivative products, investments, and the application thereof.
- Good understanding of the concept of internal controls and their application.
- Analytical and systematic with strong numerical skills and attention to detail.
- Effective report-writing and strong oral and written communication skills in English.
How to Apply
Applicants must submit their CV and cover letter through online process.
For more information, visit ADB.