Senior Climate Finance Officer - PECG1 at African Development Bank - AfDB

Reference: ADB/18/201
Location: Côte d’Ivoire
Grade: PL5
Position N°: 50051675

The Complex

• The Vice-Presidency for ‘Power, Energy, Climate and Green Growth’ is a Sector Complex focusing on the Bank’s Ten Year Strategy, High 5s priority of “Light up and Power Africa”. The complex’s objectives are:
  • To develop policy and strategy;
  • To provide deep sector technical expertise to the Regions by gathering a pool of experienced individuals who can be consulted for their expertise on complicated transactions;
  • To develop new financing instruments;
  • To act as spokesperson to represent the Bank with external stakeholders on all aspects of “Light Up and Power Africa”. The Complex will focus on areas of Power systems, policy and regulation, renewable energy; and, Climate and Green Growth.

The Hiring Department
The Climate Change and Green Growth Department has broad objectives of:

• Mainstreaming climate change and green growth into Bank’s High 5 operations;
• Monitoring and reporting on the implementation of the Bank’s climate change interventions through the Bank’s Climate Change Action Plan and the Bank’s Green Growth Framework;
• Managing access to the growing number of sources of Green and Climate Finance for all Operational Vice Presidencies within the Bank;
• Assisting African countries to develop and implement their NDCs as well as to increase their access to global climate finance; and
• Leading all efforts within the Bank focused on minimizing and reversing the effects of Climate Change on the continent.
• The Department consists of two divisions, Climate and Green Growth Division, and Climate and Environment Finance Division.

The Hiring Division

• The Climate and Environment Finance Division is responsible for ensuring the Bank’s and RMCs’ enhanced access to climate and environmental (green) finance. Specifically, the Division manages the growing pool of climate and environment resources available within and outside the Bank, develops innovative mechanisms and tools to increase Bank’s access to climate and environment finance – including through green bonds and blended finance, strengthens the capacities of RMCs to access global climate finance through their Nationally Determined Contributions, improves climate finance tracking within the Bank, and engages in thought leadership and knowledge development on climate finance.

The Position

• The responsibility of the Senior Climate Finance Officer will be to coordinate financial management of the Internal and External Climate and Environment Funds’ portfolio under implementation/management by AfDB.
• Under the leadership and guidance of the Manager PECG.1 and in close collaboration with the Funds’ operation coordinators, the incumbent provides leadership in budgeting, financial reporting and administrative matters to facilitate efficient, cost-effective implementation of the Division’s core business functions.

Duties and Responsibilities
Reporting directly to the Division Manager, the Senior Climate Finance Officer under the job title “Financial Coordinator for Climate and Environment Funds” will perform the following duties and responsibilities:

Budget Planning and Implementation:

• Provide appropriate guidelines to the Funds’ operation coordinators and task forces to enable them to prepare detailed annual budgets for their activities;
• Coordinate and ensure the preparation of the annual Funds’ administrative budgets for the review and approval by Bank’s Management, Donors or Trustees;
• Implement the allocation of annual funds to individual units according to the approved budget;
• Monitor the budget implementation, advise the Manager on budget imputation and ensure regular reporting of budget realization;
• Ensure monitoring of expenditures under all internal orders and cost centers;
• Advise the Division Manager on effective resource management access and allocation for cost-effective implementation of the Division’s activities and objectives.

Financial Management and Reporting:

• Provide necessary advice and guidance to Funds’ operation coordinators and Task Force on the application of the fund’s financial rules and regulations;
• Ensure that the Bank fulfils internal and external financial reporting obligations to the Trust Funds, or Donors in a timely and accurate manner;
• Ensure preparation of all financial reports to the funds’ Donors, Trustees and Administrative Units, in collaboration with FIFC and other Bank’s relevant departments;
• Provide relevant financial data for the resource mobilization purpose, aid in writing proposals and negotiation with Donors;
• Participate in the mobilization of resources working with FIRM and ensure processing of related Requests;
• Ensure monitoring of processing of all investment plans and project preparation and projects funding (loans, grants and fees);
• Maintain and update the Commitments and Disbursement datasets;
• Contribute to the Funds’ auditing processes led by FIFC;
• Assist the Manager and Fund operation coordinators in all financial related matters;
• Support the preparation of the Climate Funds’ Annual reports and any knowledge products which contain financial data;
• Meet ad-hoc financial data and analysis requests and any requests in relation to the administration of the Climate and Environment Funds across AfDB;
• Perform any other duty assigned by the Division manager or Director.

Selection Criteria
Including desirable skills, knowledge and experience:

• Hold at least a Master’s degree or its equivalent in Finance, Banking or Accounting;
• Have a minimum of five (5) years of professional work in the area of accounting, auditing, budget planning and financial management;
• Relevant experience in the same field within a Multinational Development Bank would be advantageous;
• Experience in drafting financial reports for development agencies and donors;
• Proven experience in accounting and reporting using automated accounting systems such as SAP;
• High degree of initiative and strong record of performance with low supervisory requirements to function effectively;
• Demonstrated good judgmental, conceptual, analytical and problem solving skills;
• Team spirit with excellent interpersonal skills dealing with internal and external stakeholders;
• Communicate and write effectively in French or English, with a good working knowledge of the other language;
• Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint).