Asian Development Bank Vacancy for Associate Financial Control Analyst

Reference Number: 250036
Position Level: TL3
Department: South Asia Department
Division: Nepal Resident Mission
Location: Nepal Resident Mission
Closing Date: Friday, February 21, 2025 11:59 p.m. (2359 Manila Time, 0800 GMT)
Join Our Mission to Foster Prosperity in Asia

Are you ready to make a lasting impact 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 Analyst is assigned in the Nepal Resident Mission (NRM) within the South Asia Department (SARD). SARD is responsible for providing leadership innovation, lending, project implementation and knowledge sharing for ADB’s sector and thematic work that covers operations in Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka. NRM is supporting the Government of Nepal’s development objective of accelerated, sustainable, inclusive economic growth.

You will report to the designated CTL International Staff (IS) on substantive technical, policy-related and operational aspects and to designated NRM IS and senior Local Staff for administrative matters.

Your Role

As an Associate Financial Control Analyst, you will perform a variety of specialized responsibilities relating to the function of loan disbursement processing. The main responsibilities include disbursement processing as well as support and coordination functions.

You will:

• Review and process withdrawal applications (WAs), Summary Sheets, Statements of Expenditures (SOEs), and other disbursement-related documents for direct payments, reimbursements, and advance fund liquidation/replenishment for all ADB loans and grants in Nepal. This is done through the Client Portal for
• Disbursement (CPD) and the Integrated Disbursement System (IDS), ensuring compliance with the service level standards (SLS) of the Controller’s Department.
• Verify the validity and accuracy of WAs to ensure claims comply with the conditions outlined in loan agreements.
• Coordinate with executing agencies (EAs) and implementing agencies (IAs) to address discrepancies, incomplete WAs, rejected ineligible claims, and timely submission of WAs. Communicate the processing status of claims and monitor advance account turnover ratios.
• Pre-screen WAs related to co-financed loans, grants, program loans, and commitment letters to ensure adherence to the requirements of the Loan Disbursement Handbook.
• Process claims for increases in advances, adjustments to advance accounts, and SOE ceilings.
• Conduct SOE reviews for loan disbursements under the SOE procedure for selected projects. Share findings with EAs/IAs and provide recommendations for corrective actions.
• Provide support to EAs/IAs in using the Client Portal for Disbursement (CPD), following ADB’s disbursement guidelines, and addressing inquiries related to WAs.
• Ensure internal control and fiduciary compliance with all ADB disbursement policies and procedures related to WA processing and SOE reviews.
• Forward disbursement-related queries and documents from Headquarters (HQ) to the Ministry of Finance and/or EAs/IAs and follow up on required actions.
• Participate as a resource person in loan disbursement seminars organized by NRM and the Controller’s Department.
• Provide disbursement-related information to NRM, HQ staff, and EAs/IAs upon request.
• Assist in training and guiding EAs’ staff on ADB’s loan disbursement policies, procedures, and related government regulations on advance account operations and disbursement matters.
• Participate in user acceptance testing for disbursement-related systems as part of CTLA disbursement process digitization initiatives. Support the rollout and utilization of the Client Portal for Disbursement (CPD).
• Perform any other tasks that may be assigned and reflected in the incumbent’s workplan.

Qualifications

You will need:

• Bachelor’s degree in business administration, accounting, finance, or a related field.
• Professional accounting qualification from a reputable local or international body is a distinct advantage.
• At least 5 years of relevant work experience in banking or financial institutions, preferably within international or multilateral organizations.
• Ability to conduct economic and financial research and organize data, analyze information, and prepare analytical papers, notes, or report sections.
• Strong analytical and critical thinking skills, including the ability to identify causal relationships, evaluate pros and cons, make decisions, and prioritize tasks based on importance.
• Ability to collaborate effectively with government officials, private sector representatives, donor agencies, and executing agencies.
• Excellent interpersonal and communication skills, with the ability to work effectively with individuals from diverse cultural and national backgrounds.
• Proficient computer skills, including advanced knowledge of Microsoft Office Suite
• Fluency in written and verbal English and the local language
• Please refer to this link for ADB Competency Framework for Technical Local Staff level TL3.

Benefits

ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB’s standards and comparator markets, taking into account your qualifications and experience.

• Paid leave (including parental)
• Medical and health benefits
• Life and other insurance plans
• Staff development
• Retirement plan
• Housing and education allowance (if applicable)

  Additional Information

This opening is a local staff position. It is open only to nationals and residents of Nepal.

This is a fixed term appointment with option to renew for an initial period of three (3) years following Section 3.1 (b) of Administrative Order No. 2.01 (“Recruitment and Appointment’). This appointment is not convertible to a regular appointment. At the end of the initial period, this appointment may be renewed for a period of up to three years, or not renewed. There is no limit on the number of renewals. This appointment is open to internal and external applicants.

About Us

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 69 members, 49 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 its Strategy 2030.

ADB only hires nationals of its 69 members.

To view ADB Organizational Chart, please click here.

ADB seeks 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.

To Apply Visit: adb.org