The African Development Bank (AfDB) is inviting applications for the position of Principal Financial Management Operations Officer, based in Nairobi, Kenya. Established in 1964, the AfDB is a leading pan-African development institution that fosters economic growth and social progress across the continent.
With 80 member states, including 54 in Africa, the Bank plays a crucial role in delivering financial and technical support for transformative projects that aim to reduce poverty and promote inclusive, sustainable economic growth.
About the Role
As part of the Senior Vice-Presidency Complex, the Principal Financial Management Operations Officer will support the day-to-day management of the Bank’s financial operations.
This role is vital for ensuring the quality and compliance of financial management in projects financed by the AfDB.
The successful candidate will work closely with both Bank staff and Borrowers to provide expert financial management advice throughout the project lifecycle, from identification to completion.
Key Responsibilities
The Principal Financial Management Operations Officer will be responsible for:
- Financial Management Assessment and Support: Evaluating the financial management systems of Borrowers, including budgeting, internal control, treasury management, accounting, financial reporting, and external auditing. The officer will also ensure that financial management issues are appropriately addressed in financing agreements and other project documentation.
- Capacity Building: Assisting in the capacity building of Borrowers’ staff and the Bank’s project teams. This includes providing training, mentoring, and advising on financial management matters.
- Supervision and Compliance: Overseeing the financial management systems of projects, reviewing financial reports, and ensuring compliance with financial covenants. The officer will also manage the selection and recruitment of external auditors.
- Public Financial Management and Reforms: Engaging in public financial management diagnostic work and contributing to reforms and action plans. The officer will participate in donor coordination meetings and support country dialogue platforms to enhance aid effectiveness.
- Strategic Contributions: Contributing to the development of the Bank’s Country Strategy Paper and Country Portfolio Performance Reviews from a financial management perspective.
Qualifications and Skills
The ideal candidate will hold a Master’s degree in accounting, finance, business administration, economics, or a related discipline, along with a professional accounting certification (e.g., CPA, CA, ACCA).
They should have a minimum of six years of relevant experience, including at least three years in international financial institutions.
Experience in financial management within the private sector will be an added advantage.
The candidate should have a deep understanding of International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), International Standards on Auditing (ISA), and International Standards of Supreme Audit Institutions (ISSAI).
Strong analytical skills, the ability to work in a multicultural environment, and proficiency in English or French (with a working knowledge of the other language) are also essential.
Application Process
If you are passionate about contributing to Africa’s economic and social development and meet the qualifications, the African Development Bank encourages you to apply for this exciting opportunity.
The deadline for applications is 31-Aug-2024.
For regular AfDB staff, please apply through the internal career portal. External candidates, including short-term staff, technical assistants, and consultants, should apply through the external career portal.
For any technical difficulties in submitting your application, please contact HRDirect@AFDB.org.
Join the AfDB team and be part of a dynamic organization dedicated to improving the quality of life for the people of Africa.