Financial Control Officer at Asian Development Bank

Suva, Central, Fiji -

Full Time

Start Date

Immediate

Expiry Date

04 Aug, 26

Salary

0.0

Posted On

06 May, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Control, Disbursement Management, Fiduciary Control, Internal Control, Risk Assessment, Financial Reporting, International Banking Transactions, Audit, Accounting, Capacity Building, Business Process Improvement, User Acceptance Testing, English Proficiency, Cross-cultural Collaboration, Sovereign Investment Projects, Statistical Sampling

Industry

International Trade and Development

Description

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 The position of Financial Control Officer is assigned to the Loan and Grant Disbursement Section (CTLA-LGD) of the Loan Administration Division (CTLA) within the Controller's Department (CTL). You will be outposted to the South Pacific Subregional Office (SPSO) in Suva, Fiji. You will report to the designated International staff. Your Role As a Financial Control Officer, you will manage disbursement for ADB's sovereign investment projects following ADB policies. Your role includes handling specialized tasks related to the division's disbursement and fiduciary control responsibilities. You will also perform activities to support ADB's Organizational Resilience (OR). You will: Verify the processing of withdrawal applications for ADB sovereign loan, grant and cofinancing projects in Pacific countries financed by ADB for final approval by supervisor. Review and verify applications to ensure expenditure eligibility, accuracy and completeness of all required documentation. Ensure compliance with disbursement related policies, lending agreements, Loan Disbursement Handbook (LDH) and the service level standards. Supervise monitoring of project advance account usage and turnover ratios for compliance with LDH requirements. Verify review of project expenditures claimed through Statement of Expenditure (SOE) and other simplified documentation procedures, assessing risk, and checking relevant evidence with a statistical sampling method. Provide analysis and solution on complex disbursement issues. Provide capacity building for Executing/Implementing Agencies on disbursement procedures. Contribute to improve business processes. Provide suggestions for enhancements, take part in user acceptance testing. Review and provide inputs on disbursement related matters for changes in project (e.g. changes in disbursement arrangements, reallocations, changes in disbursement percentages) for supervisor's review. Learn and comply with the division's OR plan. You will need: Bachelor's degree in Accounting, Business Administration, or Finance; a Certified Public Accountant (CPA) or equivalent; preferably with advanced training. At least 8 years of experience in banking, accounting, auditing, disbursement, or related areas for financial institutions. Working knowledge of international banking transactions. Demonstrated expertise in internal control concepts and business processes to help maintain sound internal controls and assess risks related to financial reporting. Proficiency in software programs and large-scale IT systems used by international banks or multilateral development banks. Written and verbal proficiency in English. Demonstrated experience collaborating in cross-cultural and diverse teams and ability to collaborate constructively as an active team participant or leader. Please refer to the link for ADB Competency Framework for TL5. 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. 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 opening is a local staff position. It is open only to nationals and permanent residents of Suva, Fiji. This is a fixed term appointment with option to renew, initially for a period of up to 3 years, or up to the Normal Retirement Date (NRD), whichever comes earlier, for the purpose(s) and conditions determined by ADB, in accordance with Administrative Order No. 2.01 (Recruitment and Appointment). After the initial fixed-term period, ADB may choose to renew the appointment for up to an additional 3 years or not renewed. This decision will be made in the overall interest of ADB, based on factors including but not limited to the requirement of Staff's particular blend of skills and experience for the medium-term work program of the organizational unit, sufficient funding to cover the renewed period, and Staff's performance and suitability for employment. There is no limit to the number of renewals up to NRD. However, this appointment is not convertible to a regular appointment. 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 members—50 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. #LI-Onsite

Responsibilities

Manage disbursements for sovereign investment projects in Pacific countries while ensuring compliance with ADB policies and lending agreements. Perform fiduciary control tasks, verify expenditure eligibility, and provide capacity building for implementing agencies.