Financial Management Officer

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 Management Officer is assigned to the Public Financial Management Division (PFFM) within the Procurement, Portfolio and Financial Management Department (PPFD). You will be based at our Kyrgyz Resident Mission (KYRM) office in Bishkek, Kyrgyzstan. You will report to Director, PFFM and/or designated International Staff and have a matrix reporting line to the Country Director, Kyrgyzstan (KYRM). Your Role As a Financial Management Officer, you will: (a) provide operational services in conducting financial management tasks for of projects during all stages of the operational cycle including processing implementation; (b) support country FM assessments and FM systems strengthening initiatives; and (c) coordinate the development and delivery of knowledge sharing and capacity building support. Though the position is based in Kyrgyzstan, you can be assigned to work on tasks in other developing member countries of ADB as needed. You will generally work independently or work with a team under minimal supervision. You will: a. Operational services Lead: (i) Review of audited project and entity financial statements (APFS and AEFS) for all assigned projects following ADB's internal review guidelines including updating automated review checklists, monitoring and quality improvement; and (ii) FM support to project teams to communicate with executing agencies on issues identified in the APFS and AEFS, including compliance with financial covenants. Analyze noncompliance or delayed compliance with APFS and AEFS submission, and quality, common issues and deficiencies in APFS and AEFS and summarize these and expected actions in a regular report. Diligently follow up with project teams and executing agencies to achieve compliance with ADB FM requirements. Monitor the follow-up actions identified from APFS and AEFS review or other related actions and verify project related information to assist APFS and AEFS review. Facilitate and participate in project review missions to help resolve problems related to project financial management. Input and update project data and records in ADB information systems and databases. Monitor the assigned projects' compliance with financial covenants in the legal agreements and coordinate with project teams to follow up on achieving compliance. Monitor the implementation of financial management action plans and communicate with EAs and IAs to resolve issues related to compliance along with the project team leader. Lead, and/or participate in, the financial due diligence work for project processing in the: conducta financial management assessment of the EAs/IAs, including: (i) ascertaining whether previous financial management assessments have been conducted by ADB or other agencies and, if so, reviewing the results and determining whether these can be updated for the project; (ii) assessing capacity for planning and budgeting, management and financial accounting, reporting, auditing, internal controls, and information systems; (iii) reviewing proposed disbursement and funds-flow arrangements; and (iv) concluding on the financial management risk rating and identifying and confirming measures for addressing identified deficiencies; preparation and agreement of cost estimates and a financing plan, which are based on verifiable data and are sufficient to support project implementation in collaboration with technical team members; prepare financial projections and conducting financial analyses of the EAs/IAs, and incremental recurrent costs, to determine financial sustainability, and reviewing proposed cost-recovery and tariff policies, including affordability; conduct financial evaluations (financial cost-benefit analyses) including sensitivity analyses of project components that have a full cost-recovery objective; develop risk mitigation measures to be incorporated in financial covenants where significant risks are identified to project financial sustainability or viability; and assessment and achievement of agreement on financial reporting, auditing and public disclosure arrangements for the project, and identify and agree arrangements for receiving financial statements from EAs/IAs. b. Country FM Systems Participate as a team member for preparation of country or regional partnership strategy, governance risk assessments, or country public financial management assessments (e.g., public expenditure and financial accountability assessments). Review country FM systems and monitor changes related to project financial management, audit, taxation, and other finance-related areas, and update country management and staff on any changes that may affect project implementation and performance. c. Knowledge management Participate in and contributes to internal and external knowledge products, training and conferences and other activities for FM advocacy, distribution, and knowledge building. Support the implementation of stand-alone and technical assistance related FM capacity building programs for clients. Prepare and implement a capacity development plan for EAs/IAs to improve their understanding of ADB financial management requirements; conduct FM training and coaching programs for EAs/IAs. Lead efforts for building the capacity of audit firms engaged by ADB projects.

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 our Strategy 2030.