Financial Control Specialist

You will need:

• A University degree in in Accounting Finance Business or related fields and with internationally recognized professional qualifications such as Certified Public Accountant/Chartered Accountant; preferably at the post-graduate level or its equivalent.
• At least 6 years relevant professional accounting experience in financial products (loans equity investments guarantees and related derivatives).
• Good business knowledge and working experience in accounting and financial reporting in multilateral development banks or large financial institutions and associated IT systems.
• Experience with internal controls and business process concepts and standard policies procedures guidelines and reporting requirements in multilateral institutions.
• Analytical and numerical skills and organizational abilities in banking financial institutions or international and multilateral organizations.
• Demonstrated team leadership in providing guidance on the delivery of outputs.
• Written and verbal proficiency in English.
• Please refer to the link for ADB Competency Framework for TI1.

Benefits

ADB offers a rewarding salary and a comprehensive benefits package. The salary will be based on ADBs 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 Staffs particular blend of skills and experience in the foreseeable future; and (b) Staffs performance is satisfactory and they are suitable for further employment.

About Us

ADB is a leading multilateral development bank supporting inclusive resilient and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together ADB harnesses innovative financial tools and strategic partnerships to transform lives build quality infrastructure and safeguard our planet. Founded in 1966 ADB is headquartered in Manila and owned by 69 members50 from the region.

ADB only hires nationals of its 69 members.

To view ADB Organizational Chart please click here.

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.

Visit ADB Careers FAQ for more information.

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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

While the position of Financial Control Specialist resides with the Financial Reporting and Control Section (CTAC-FRC) of the Accounting Division (CTAC) within the Controllers Department (CTL). You will be strategically assigned to our Resident Mission Office in Bangkok Thailand and relocation is required. All reasonable relocation expenses will be covered.

You will report to Assistant Controller CTAC and will oversee junior team members.

Your Role

As a Financial Control Specialist you will ensure accurate accounting and robust internal controls for ADBs financial products support the development of ADBs accounting policy to ensure that its financial statements comply with US accounting standards prepare clear financial and management reports and help strengthen ADBs resilience.

You will:

• Evaluate the impact of new accounting standards on ADB and help develop related policies guidance and implementation plans ensuring all relevant areas are involved and updated policies are communicated across departments.
• Coordinate the accounting analysis related to ADB financial instruments and review new projects and products to ensure accounting related possible effects are addressed.
• Help prepare ADBs responses to exposure drafts from accounting standard-setting bodies.
• Oversee reviewing and controlling financial transactions covering loans guarantees and equity to ensure accurate accounting treatment is applied.
• Oversee the preparation of financial statements and management reports in compliance with applicable standards and agreements.
• Manage the regular accounting billing and collections tasks for loans and other financial products in accurate and efficient manner.
• Collaborate with other departments in review of the fair valuation of financial and derivative instruments and assess the reasonableness of the results.
• Develop implement and monitor accounting policies for lending operations evaluate internal controls and help review and improve business processes for efficiency.
• Provide reviews and input on board and policy papers procedures guidelines and financing agreements.
• Participate in IT system enhancements focusing on accounting-related modules to support financial reporting and controls.
• Coordinate with relevant departments offices borrowers and executive agencies to ensure clarity and understanding in financial products financial policies on accounting and servicing.
• Represent the Controllers Department on ADB-wide activities projects working groups and committees as assigned and contribute to projects that improve CTLs organizational resilience (OR).
• Provide leadership to reporting staff by supervising performance providing constructive feedback and encouraging professional development.