Associate Financial Control Officer

Reference Number

250636

Position Level

TL4

Department

Controller's Department

Division

Loan and Treasury Accounting Section

Location

Asian Development Bank Headquarters

Date Posted

Wednesday, August 6, 2025

Closing Date

Wednesday, August 20, :59 p.m Manila Time, 0800 GMT)

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 Associate Financial Control Officer is assigned in the Accounting Division within the Controller's Department. You will be based at our Headquarters in Manila, Philippines.

You will report to the designated International Staff and Senior Officer.

You Role

As an Associate Financial Control Officer, you will provide analytical support for treasury accounting tasks; perform administrative tasks; establish and maintain accounting controls and records for ADB's ordinary capital resources (OCR), Special Funds, Trust Funds and Staff Retirement Plan; prepare accounting and other reports related to investments, borrowings, derivatives and foreign exchange transactions; and conduct fair valuation or revalidation of complex treasury products and review the results.

You will:

• Review financial data, transactions and reports for accuracy, consistency and compliance with policies; prepare financial statements and reports following the United States generally accepted accounting principles (US GAAP) and International Financial Reporting Standards.
• Support risk assessment and ensure adequate internal controls over financial reporting, including controls for accounting reports, treasury transactions, and derivatives.
• Conduct process compliance testing to support Management Assertion over the adequacy of internal control over financial reporting.
• Monitor and reconcile assigned accounts and follow up outstanding items. Approve vouchers under authority.
• Review and confirm the fair value assessments from other departments and check the performance of ADB's fixed income investments, borrowings, and financial instruments. Also, ensure all supporting documents are accurate and appropriate.
• Review and assess IT needs to improve efficiency. Suggest and coordinate system updates with the IT or Treasury Department through the assigned Specialist. Recommend manual workarounds for any system issues and ways to address them.
• Enhance knowledge to align with evolving standards and oversee the development of accounting policies and position papers in response to changes within ADB and accounting frameworks.
• Provide technical and procedural guidance to other staff on treasury related products, on accounting for derivatives and structured products
• Perform any other assignments and reflected in your workplan.

You will need:

• Bachelor's degree in business administration, major in accounting/finance, preferably with advanced training; Certified Public Accountant (CPA) qualification.
• At least 5 years' experience in auditing or accounting with some supervisory role in a computerized environment.
• Experience with US GAAP, and the application thereof to treasury investments, borrowings and derivative products, and their valuation.
• Experience with accounting policies and reporting requirements.
• Proficiency in computer software in common use at ADB and similar multilateral development banks and its interfaces with other Bank systems and work areas and large accounting software (e.g. Oracle ERP, SUMMIT).
• Experience with the interaction between different teams, relevant workflows and their purpose, and business knowledge of relevant areas for appropriate application of accounting concepts.
• Experience with the concept of internal controls and their application.
• Proficiency in numerical analysis
• Experience working cohesively with peers and clients and provide guidance and feedback to team members.
• Proficiency in report writing in English
• Experienced in scheduling to meet deadlines.
• Please refer to the link for ADB Competency Framework for Local Technical Staff grade TL4.

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 is a fixed-term appointment for an initial fixed period of 3 years. At the end of the initial period, this appointment may, at the option of ADB, be extended once for up to 2 years, converted to a regular appointment, or ended on its expiration date. This decision will be made in the overall interest of ADB that: (a) it will require Staff's particular blend of skills and experience in the foreseeable future; and (b) Staff's performance is satisfactory and they are suitable for further employment.

About Us

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.

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.

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