Apply: AfDB Financial Management Coordinator

By Development Diaries
June 17, 2020

Deadline: 18 June, 2020

Location: Yaounde, Cameroon

The African Development Bank (AfDB) is seeking applications from eligible applicants for the post of Chief Regional Financial Management Coordinator. The Chief Regional Financial Management Coordinator will work under the oversight and guidance of the Division Manager, Financial Management.

AfDB’s agenda is to deliver financial and technical support for transformative projects that will significantly reduce poverty in Africa through inclusive and sustainable economic growth.

Responsibilities

Provide technical guidance at the Field Offices in the financial management (FM) activities of assigned projects and programmes within the framework of the Bank’s policies and guidelines all over the operations cycle
Take a proactive role ensuring ‘Quality at Entry work’ in assessing the adequacy of the borrower’s project FM systems and the borrowers’ ability to manage and monitor Bank-financed projects. This includes budgeting, internal control, treasury management, accounting, financial reporting and external auditing
Oversee the review of and provision of comments on FM aspects of assigned projects and programmes as documented in concept papers, feasibility studies, appraisal reports and other relevant documents to ensure consistency and enhance the quality of projects/programme from the FM perspective
Attend negotiations and ensure FM issues are taken into account in the financing agreement and other associated documentations
Participate in project/programme launching missions to assist the project/programme team in developing capacity building of the Executing Agencies in the area of FM
Undertake on-site and desk supervision mission on a risk-based approach and issue the supervision reports including FM performance ratings and drafting the contribution to the aide memoire
Carry out supervision work to ensure that project FM systems are functioning appropriately, including the periodic review of project FM reports for financial performance
Provide advice and support to borrowers and the Bank Project Teams on matters affecting FM and disbursement on capacity building in projects and with public sector accountability institutions
Provide FM guidance for the development of technical assistance programmes and evaluate and monitor their implementation
Assess the selection and recruitment of external independent auditors, ensuring their suitability including their independence, and competence to perform
Participate in PEFA, SAI-PMF, and ROSC-AA Assessments and on that basis, provide information to Bank operations and other initiatives in the countries concerned
Play an active role in CPPRs from the FM perspective and draft the FM part of the CPPR report
Undertake capacity building on FM issues in the countries and in sector departments in the Bank
Participate in fiduciary clinics
Participate in donor coordination meetings within the region (not continent wide or global) and in country dialogue platforms between the country and the donors on the basis of the overall Bank’s strategy to support aid effectiveness

Requirements

Hold a master’s degree in Accounting, Finance, Business Administration or a related discipline
Hold a Professional Accounting, External Auditing or Internal Auditing certification/degree (CPA, CA, ACCA, Expert Comptable, IIA)
Have seven years, minimum, of relevant experience in the Bank or similar financial institution, with particular expertise in designing, supporting and implementing FM operations
Have a sound knowledge of the Bank’s FM policy and procedures
Experience in supporting private sector operations (banking, auditing, finance, microfinance institutions, agriculture, electricity, water) would be an added advantage
Experience in a Multilateral Development Bank (MDB), with emphasis on financial management, highly valuable
Experience in the preparation of FM policy documents
Expert knowledge of International Financial Reporting Standards (IFRSs) and International Standards on Auditing (ISAs). Knowledge of International Public Sector Accounting Standards (IPSASs) and the International Standards of Supreme Audit Institutions (ISSAIs)
A good understanding of cross-cutting issues beyond FM (eg procurement, governance, donors’ practices) at sector/country level
Ability to lead highly technical staff and ensure that teams stay organised and focused, and actively seek and consider diverse ideas and approaches
Strong planning, organisation, and time management skills
Excellent analytical skills
Ability to communicate effectively (written and oral) in French or English, with a good working knowledge of the other language
Competence in the use of standard Microsoft Office Suite applications, preferably SAP and Risk Management Software