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Principal Financial Management Operations Officer
3 months ago
ABOUT THE COMPANY
The overarching objective of the African Development Bank (AfDB) Group is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.
The Bank Group achieves this objective by:
mobilizing and allocating resources for investment in RMCs; and
providing policy advice and technical assistance to support development efforts.
In 2015, all multilateral development institutions have agreed on a same set of objectives, called the Sustainable Development Goals.
JOB SUMMARY
COMPETENCIES (skills, experience and knowledge):Hold a Master's degree in accounting, finance, business administration, economics or a related discipline and a professional accounting certification (CPA, CA, ACCA, Expert Comptable);Have a minimum of five (6) years of relevant experience, with particular expertise in designing and supporting financial management operations of which at least three (3) in international financial Institutions;Experience in supporting financial management private sector operations would be an added advantage;An understanding of cross-cutting issues beyond financial management (e.g. procurement, governance, donors' practices) at sector/country level;Expert knowledge of International Financial Reporting Standards (IFRSs), International Public Sector Accounting Standards (IPSASs), International Standards on Auditing (ISA), and International Standards of Supreme Audit Institutions (ISSAIs);Proven ability to implement country or sector level financial management analytical and capacity building initiatives;Strong planning, organization, and time management skills;Excellent analytical skills;Ability to be flexible, open-minded with integrity, client and results oriented for achieving both Bank's and Borrowers' objectives;Ability to work as part of a team, maintain effective and cooperative relations with sector specialists, national authorities as well as donors, and handle sensitive issues with discretion in a multicultural environment;Ability to communicate effectively (written and oral) in English or French with a working knowledge of the other language; andCompetence with standard MS Office software (Word, Excel, PowerPoint), preferably combined with knowledge and experience of SAP operation
RESPONSIBILITIES
Under the oversight and guidance of the Division Manager, Financial Management and the direct technical supervision of the Regional Financial Management Coordinator, the Principal Financial Management Operations Officer will:During the project/program preparation and appraisal cycle missions, assess the adequacy of the Borrower's project financial management systems and their ability to manage and monitor Bank financed projects. This includes budgeting, internal control, treasury management, accounting, financial reporting and external auditing;Attend negotiations and ensure Financial Management issues are taken into account in the financing agreement and other associated documentations;Participate in project/program launching missions to assist the project/program team in developing capacity building of the Executing Agencies in the area of financial management;Carry out supervision work to ensure that projects financial management systems are functioning appropriately, including the periodic review of project financial reports for financial performance;Review audited financial statements received, monitor the Borrower's compliance with financial covenants including audit compliance, ensure adequate communication with the Borrower and the project implementing agencies with respect to audits and advise as appropriate;Provide advice and support to Borrowers and the Bank Project Teams on matters affecting financial management and disbursement on capacity building in projects and with public sector accountability institutions;Assess the selection and recruitment of external independent auditors, ensuring their suitability including their independence, and competence to perform;Play an active role in Public Financial Management diagnostic work and reforms action plans;Play an active role in Country Portfolio Performance Reviews (CPPRs) /Country Strategy Paper (CSPs) from the financial management perspective and draft the FM sections of the CPPR/CSP report;Undertake Financial Management Capacity building in Regional Member Countries and sector departments in the Bank;Play an active role in departmental or institutional task forces on developing and implementing changes to financial management policies and practices, fiduciary safeguards and the efficiency and effectiveness of business processes;Participate in donor coordination meetings and in country dialogue platforms between the country and the donors on the basis of the overall Bank's strategy to support aid effectiveness;Participate in fiduciary clinics; andUndertake other activities, as appropriate, as requested by the Manager, Financial Management.
REQUIRED SKILLS
Project management, Budgeting, financial planning, Project monitoring and evaluation (M&E), Ability to coordinate, Project preparation and planning, Project Financial Management
REQUIRED EDUCATION
Post-graduate education
