Financial Control Analyst

Join Our Mission to Foster Prosperity in Asia

Are you ready to make a difference on 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 Financial Control Analyst is assigned to the Loan and Treasury Accounting Section (CTAC-LTA) of the Accounting Division (CTAC) within the Controller's Department. You will be based at our Headquarters in Manila, Philippines.

You will report to the designated International Staff and Officer.

Your Role

As a Financial Control Analyst, you will provide technical support for accounting responsibilities of ADB to establish and maintain accounting records and internal accounting controls and prepare financial statements and accounting reports.

You will:

• Prepare financial reports; maintain books of accounts for loans, guarantees, equity investments and derivative products; and ensure that accounting records/reports consistent with the United States generally accepted accounting principles.
• Analyze financial data, transactions and reports for accuracy, consistency and compliance with policies and established procedures.
• Perform financial analysis to monitor and report the financial position of ADB's resources.
• Identify system requirements for efficient operation; ensure the accuracy and reliability of systems; initiate change and propose enhancements to existing systems and coordinate the needs of the work area with Information Technology Department through the coordinating Officer of the team.
• Assist to develop IT solutions (i.e., web-based solution; models; report automation) to enhance loan and treasury accounting and client/borrower service function.
• Maintain controls in preparing billing statements for loan service payments, processing of transactions, and preparing financial reports for loans, guarantees, equity investments and associated derivatives; perform analysis required to monitor valuation and performance of ADB's financial products; recommend improvements to ensure compliance with applicable policies and generally accepted accounting principles.
• Help monitor account balances to ensure accurate accounting treatments are applied and respective statements/reports are received and reconciled; prepare and verify reconciliation reports of accounts; help investigate discrepancies for review by supervising staff; compile and review financial and accounting data as basis for preparing reports.
• Coordinate required information following established procedures.
• Support the Financial Control Officer and provide technical and procedural guidance to other team members.
• Perform any other assignments as reflected in your workplan, including the preparation of internal and external correspondence for supervisors' review.

You will need:

• Bachelor's degree in business administration, major in accounting; with Certified Public Accountant qualification.
• At least 5 years' work experience in accounting, in a computerized environment.
• Proficiency with Microsoft Office applications, MS Word and MS Excel, and accounting/or products (loan/equity) related software, such as Loan IQ, Summit, Oracle ERP and PFMS, in common use in ADB and accounting related software.
• Experience with accounting policies, systems, guidelines, and reporting requirements prevalent in multinational organizations or multilateral institutions.
• Experience with ADB's and multilateral development bank's products such as loans, guarantees, equity investments, debt securities and associated derivatives. Knowledge of non-sovereign financial products.
• Experience with the interactions between different ADB work areas and workflows and their purpose.
• Detail-oriented and systematic, with advanced numerical abilities.
• Experience working cooperatively with colleagues in their immediate team and broader organizational departments.
• Work collaboratively in a multicultural environment.
• Excellent English speaking and writing skills.
• Please refer to the link for ADB Competency Framework for Technical Local Staff grade TL3.

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. 

• Housing and education allowance (if applicable) 
• Expatriate benefits (if applicable)
• 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.   

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 its Strategy 2030. 

ADB only hires nationals of its 69 members. 

To view ADB Organizational Chart, please click here. 

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. 

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