Financial Management Officer

Join Our Mission to Foster Prosperity in Asia

Are you ready to make a difference in 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 Financial Management Officer is assigned to the Financial Management Division (PFFM) within the Procurement, Portfolio and Financial Management Department (PPFD). You will be based at our North Pacific Subregional Office in Pohnpei, the Federated States of Micronesia (FSM).

You will report to a designated international staff in PFFM and matrixed to the Advisor, North Pacific.

Your Role

As a Financial Management Officer, you will provide operational services including conducting financial due diligence of projects during processing and management during implementation. Additionally, you will support country Financial Management (FM) assessments and FM systems strengthening projects. Furthermore, you will coordinate the delivery of knowledge sharing and capacity building support. Though the position is based in the Federated States of Micronesia, you will be assigned to work on tasks in other member countries of ADB.

You will:

a. Operational Services

• Manage annual project financial statement (APFS) and audited entity financial statement (AEFS) reviews for assigned projects, monitor compliance, quality issues, follow‑up actions, and financial covenant compliance; and provide FM support to project teams and executing agencies/implementing agencies (EAs/IAs).
• Lead and support financial due diligence for project processing, including financial management assessments, cost estimates and financing plans, financial and sustainability analyses, risk mitigation measures and covenants, and financial reporting and audit arrangements.
• Support project implementation through FM‑related missions, monitoring of FM action plans, coordination with project teams and EAs/IAs, and maintenance of project data in ADB systems.

b. Country FM Systems

• Contribute to country and regional partnership strategies, governance risk assessments, and public financial management assessments. Review and monitor changes in country financial management systems, including project financial management, audit, taxation, and related areas, and advise country management and staff of developments that may affect project implementation and performance.

c. Knowledge Management

• Contribute to internal and external training, conferences, knowledge sharing, and financial management advocacy. Support and deliver capacity-building programmes for clients, prepare and implement development plans and coaching for executing and implementing agencies, and strengthen the capacity of audit firms engaged by ADB projects.

Other Tasks

• Perform other tasks as reflected in your workplan.

You will need:

• Bachelor's degree in accounting or finance preferably with advanced training.
• Professional qualification in accounting from an internationally recognized institution affiliated with the International Federation of Accountants (IFAC) is required.
• At least 8 years work experience in a private or public sector financial management.
• Experience with international financial institutions for sovereign and non-sovereign transactions is advantageous.
• Advanced and broad FM knowledge, including International Financial Reporting Standards and International Standards on Auditing (IFRS and ISA), internal controls and or audit, auditing and assessment of auditors' competence, investment project appraisal, and advising on the design and implementation of FM systems, including financial and management reporting.
• Excel in a minimally supervised work environment to accomplish assigned transactions and areas of analysis.
• Proficiency in expressing ideas in both spoken and written formats in English.
• Demonstrated experience evaluating complex situations and identifying solutions.
• Demonstrated experience liaising and working with teams including government officials.
• Demonstrated capacity to guide junior staff to facilitate work planning, delivery and quality review.
• Proficient in Word, Excel, PowerPoint and familiarity with database management tools.
• Please refer to the link for ADB Competency Framework for TL5.

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
• Relocation (if applicable)
• Medical and health benefits
• Paid leave (including parental)
• Life and other insurance plans
• Staff development

Additional Information

Staff on probation are not eligible to apply. Applicants for promotion and for lateral transfer must have served at their position for at least one year immediately preceding the date of the vacancy closing date (A.O. 2.03)

This opening is a regional staff position with a local compensation package. It is open to nationals and permanent residents residing in the duty station, Australia, and ADB member countries in the Pacific region such as Cook Islands, the Federated States of Micronesia, Fiji Islands, Kiribati, Naoero, Neue, New Zealand, Palau, Papua New Guinea, the Republic of the Marshall Islands, Samoa, Solomon Islands, Timor-Leste, Tonga, Tuvalu, Vanuatu.

This is a fixed term appointment with option to renew, initially for a period of up to 3 years, or up to the Normal Retirement Date (NRD), whichever comes earlier, for the purpose(s) and conditions determined by ADB, in accordance with Administrative Order No. 2.01 (Recruitment and Appointment). After the initial fixed-term period, ADB may choose to renew the appointment for up to an additional 3 years or not renewed. This decision will be made in the overall interest of ADB, based on factors including but not limited to the requirement of Staff's particular blend of skills and experience for the medium-term work program of the organizational unit, sufficient funding to cover the renewed period, and Staff's performance and suitability for employment. There is no limit to the number of renewals up to NRD. However, this appointment is not convertible to a regular appointment.