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  • Posted: Mar 4, 2015
    Deadline: Not specified
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    The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. The AfDB’s missi...
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    Senior Finance and Budget Officer

    Objectives

    This advertisement is posted by the African Development Bank (AfDB) on behalf of the Association for the Development of Education in Africa (ADEA), which is the employer for this position. Engagement as staff of ADEA does not offer any expectation for future employment as staff in the AfDB.

    The Association for the Development of Education in Africa (ADEA) is a forum for policy dialogue on education. Its vision is to create “high-quality African education and training geared towards the promotion of critical skills for accelerated and sustainable development in Africa”.  It acts as a catalyst in promoting innovative policies and practices through pooling of ideas, experiences, learning and knowledge.  ADEA’s overall goal is to contribute to the development of equitable and high quality education through the concerted efforts of African governments and their partners. The position of The Senior Finance and Budget Officer is located in ADEA’s Secretariat which implements the organization’s work programs and budget; organizes major events such as Triennales and Ministerial Conferences; manages communication and knowledge management; coordinates the work of the Working Groups; and implements the decisions and resolutions of ADEA’s governance entities

    Duties and responsibilities

    Under the general supervision and guidance of the Executive Secretary of ADEA (Director), the Senior Finance and Budget Officer will be required to perform the following duties and responsibilities:

    • Develop and provide appropriate guidelines to enable the Secretariat and Working Groups to prepare detailed annual budgets for their activities;
    • Coordinate the preparation of  the annual budget, on the basis of ADEA’ s integrated annual work plan for review by  ADEA’ s  Executive Committee and approval by its Steering Committee;
    • Implement the allocation of  funds to individual units at the Secretariat and Working Groups  according to the approved budget;
    • Set up and update ADEA’s budget system in collaboration with AfDB’s Financial Controller Department (FFCO);
    • Monitor ADEA’s overall budget implementation and issue monthly and quarterly internal reports;
    • Provide necessary guidance to the Secretariat and Working Groups on the application of AfDB’s financial rules and regulations;
    • Maintain ADEA’s accounts in full compliance with the financial regulations contained in the Memorandum of Understanding which ADEA signed with AfDB;
    • Prepare and provide accurate financial accounts for  the annual external audit exercise and provide the auditors with all necessary information they need to carry out their assignment;
    • Maintain a consistent oversight of ADEA’s  income and expenditure and ensure correct and up-to-date accounting;
    • Certify and monitor payments of invoices, and coordinate disbursements to Working Groups and partners based on contribution agreements;
    • Prepare detailed financial analysis on income and expenditure for the Executive Secretary’s annual reporting to the Steering Committee;
    • Provide relevant financial data to the Resource Mobilization and Partnership Officer in proposals writing, negotiation and negotiation with donors.
    • Oversee and provide guidance to ADEA staff on the host institution’s human resources policies, rules and regulations that are applicable to ADEA.

    Selection Criteria

    Including desirable skills, knowledge and experience

    • A Bachelor’s/Master’s degree in accounting, finance or related discipline and internationally recognized professional certification such as Certified Public Accountant (CPA) or Chartered Accountant (CA)
    • A minimum of 5 years of relevant professional work experience in accounting and financial management;
    • A deep understanding of accounting principles, financial concepts and transaction processes; and a solid knowledge of internal controls and risk management principles;
    • Reliable, trustworthy and able to present accounting and financial simulations clearly and transparently;
    • Ability to articulate a clear strategy for cost effectiveness and for ensuring financial stability in program management;
    • Ability to multi-task and manage competing demands and priorities under pressure;
    • Integrity, credibility, diligence, attention to detail and transparency;
    • Ability to prepare, present and discuss financial statements;
    • Experience in the use of accounting and financial software; ability to operate in an automated accounting environment; including advanced spreadsheet, database packages and Microsoft applications (Word, Excel, etc.);
    • Experience with ERP/SAP is an added advantage; and 
    • Proficiency in spoken and written English or French and a working language of the other is essential.

    Method of Application

    Interested and suitably qualified candidates should click here to apply online.

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