Deadline: 27 April, 2022

The African Development Bank (AfDB) is seeking to fill the role of Senior Financial Management Operations Officer.

AfDB’s mission is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.

Responsibilities

• During the project/programme 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
• Attend negotiations and ensure financial management 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 financial management
• Carry out supervision work to ensure that project 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, ensuring 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 as regards 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
• Undertake other activities, as appropriate, as requested by the manager of financial management

Requirements

• Master’s degree in Accounting, Finance, Business Administration, Economics or a related discipline and a professional accounting certification
• Five years, minimum, of relevant experience, with particular expertise in designing and supporting financial management operations, with three years, minimum, in international financial institutions
• Experience in supporting financial management in private sector operations will be an added advantage
• 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 and capacity-building initiatives
• Strong planning, organisation, and time management skills
• Excellent analytical skills
• Ability to communicate effectively (written and oral) in English or French
• Competence using MS Office applications (Word, Excel, PowerPoint), preferably combined with knowledge and experience of SAP operations

To apply and for more information, click here.

Photo source: AfDB