Deadline: 01 January, 2021
Location: Dar es Salaam, Tanzania
African Development Bank (AfDB) is seeking applications from eligible applicants for the post of Senior Financial Management Officer.
AfDB’s mission is to spur sustainable economic development and social progress in its regional member countries (RMCs).
Responsibilities
- Take a proactive role in assessing the adequacy of the borrower’s project financial management systems and their ability to manage and monitor bank financed projects
- Ensure financial management issues are taken into account in the loan/grant agreements and other associated documentation
- Participate in project/programme launching missions to assist the project/programme 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 management reports for financial performance
- Review audited financial statements received, monitor the borrower’s compliance with financial covenants, including audit compliance, and 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 AfDB project teams on matters affecting financial management and disbursement on capacity building in projects and with public sector accountability institutions
- Provide financial management 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
- 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
- In collaboration with other colleagues, undertake public financial management diagnostic reviews
- Undertake financial management capacity building in regional member countries and sector departments in the bank
- Participate in fiduciary clinics
- Participate in donor coordination meetings within the region and in country dialogue platforms between the country and the donors on the basis of the overall AfDB strategy to support aid effectiveness
Requirements
- Master’s degree in Accounting, Finance, Business Administration or a related discipline and a professional accounting certification (CPA, CA, ACCA)
- Five years, minimum, of relevant experience in the bank or a similar financial institution, with particular expertise in designing, supporting and implementing financial management operations
- Sound knowledge of the AfDB financial management policy and procedures
- Experience in supporting private sector operations (banking, auditing, finance, microfinance institutions, agriculture, electricity, water) is a plus
- Experience with a multilateral development bank, with emphasis on financial management, is highly valuable
- Experience in the preparation of financial management 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 financial management (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
- Competence in the use of standard Microsoft Office applications
To apply and for more information, click here.
Photo source: AfDB
