Job Vacancies at African Development Bank Group (AfDB)

Reference: ADB / 21 / 023
Location: Abidjan, Cote d'Ivoire
Grade: PL4
Position N°: 50000719

The Complex

• The Vice Presidency for Finance oversees the financial management of the Bank Group. This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.

The Hiring Department:

• The Financial Control Department is responsible for accounting for the financial consequences of the Bank Group’s transactions and decisions, and for the preparation, fair presentation and overall integrity of the internal financial reports and published financial statements.
• The department is also responsible for loan administration and accounting and related fiduciary responsibilities, including disbursement of funds to projects and programs financed by the Bank Group. Lastly, the department provides decision support and expertise in the development and implementation of financial control policies, operational and financial strategies and related information systems.

The Position
The Principal Financial Accountant is responsible for:

• Preparing, timely and accurate accounts and reporting transactions in accordance with International Financial Reporting Standards and rules of the Bank Group
• Providing accurate financial reports to Management, Boards of Directors, bilateral donors and other stakeholders for useful decision making
• Maintaining the accounting procedures of the Bank Group and provide accounting and reporting guidance on various Bank Group initiatives

Duties and Responsibilities
Under the supervision and guidance of the Division Manager, the main responsibilities of the Principal Financial Accountant will be:

General Duties

• Coordinate financial reporting activities, including those of Special, Trust, and donor Funds
• Participate in the preparation of monthly, quarterly, and annual financial statements.
• Ensure accuracy and proper reconciliation of the inter-institution accounts
• Provide technical accounting guidance to other Departments and Units of the Bank as may be needed.
• Review and provide input on the financial aspects of agreements to be signed by the Bank  with the donors
• Represent the Division/Department on technical committees and special initiatives and provide input  on the financial aspects of proposals
• Provide technical accounting and policy guidance on system implementation projects in the area of financial accounting reporting
• Maintain the Chart of Accounts and provide business process support for SAP (FI) applications.
• Maintain system configuration related to Financial Accounting in SAP
• Continuously review of the staff SAP profile in the Division to ensure adequate Segregation of Duties
• Supervise support staff in their daily financial accounting responsibilities.

Other Duties:

• Represent the Division/Department in the various working groups, including those of the Asset and Liability Management Committee (ALCO).
• Participate in the evaluation of internal control within the Division.
• Participate in the provision of information requested by internal and external auditors.
• Execute and review the monthly revaluation for the Bank Group
• Other functions that may be assigned by the Division Manager that impact the work of the Division

Selection Criteria

• Hold at least a Master’s degree or its equivalent in Accounting, Finance, Business Administration or applied Economics.
• Membership with a professional Accounting board.
• Have a minimum of six (06) years of practical experience related to financial reporting, accounting procedures, IFRS compliance, etc.…
• Ability to effectively interpret and apply new and revised IFRS standards to ensure compliance
• Ability to deal with sensitive issues in a multi-cultural environment and to build effective working relations with colleagues
• Ability to work independently with minimum supervision
• Ability to drive change
• Ability to be flexible, open-minded with integrity
• Problem Solving
• Communication
• Client Orientation
• Ability to communicate effectively (written and oral) in French.
• Competence in the use of standard software (Word, Excel, Access, PowerPoint)
• Knowledge of SAP Finance and related modules is an added advantage

go to method of application »

Reference: ADB / 21 / 024
Location: Abidjan, Cote d’Ivoire
Grade: PL4
Position N°: 50062359

The Complex

• The Vice-Presidency for Private Sector, Infrastructure and Industrialization is central to the Bank’s mission of developing the private sector, improving infrastructure and accelerating industrialization.
• The complex main functions are to:
  • Strengthen the enabling environment for private sector [and financial sector] development conducive to inclusive growth and sustainable development,
  • Support the development of reliable and sustainable infrastructure, including cities and urban development, and
  • Place renewed emphasis on industrial and trade performance in support of structural transformation across Africa. The Complex leverages knowledge, co-financing, and partnerships to attract private capital and work with governments on delivering the Bank’s development agenda.

The Hiring Department:

• The role of the Bank’s Non-Sovereign Operations and Private Sector Support Department of the Bank (PINS) is to promote private sector in Regional Member Countries, ensuring that it plays a central role in laying the foundations in the development role of the Bank, in line with the Bank’s 10 Year Strategy and HI 5 initiatives.
• As part of the PINS Department, the Strategy and Transaction Support Division is responsible for preparing strategies, policies, guidelines, and analytical tools relevant to the sector; it also ensures global client management and undertakes specialized assignments for the Regions, providing ad hoc advice on transaction bankability, structuring, Project Modelling and designs and implements technical assistance for Private Sector operations.

The Position
The main responsibilities of the position holder are:

• Provide operation support to project appraisal team on the optimization of the financial structure for transactions,
• Develop and build project financial and economic models.
• Perform an integrated financial and socio-economic analysis of private sector projects.
• Conduct an independent research for potential structuring and modelling approaches in line with the Bank’s specific financial and legal requirements.
• Closely interact with Risk Mitigation Officer and other Bank’s staff in the project teams to ensure consistency with the legal and financial structure of transactions.
• Provide support during project monitoring and supervision phase including collateral valuation and impairment analysis.
• Design and deliver trainings for Investment Officers and Task Managers.
• Oversee the Investment Analytics and Modelling Team (IAMT) while supporting/mentoring junior staff.

Duties and Responsibilities
Under the general guidance and supervision of the Chief Private Sector Transaction Officer, the Principal Structuring and Modelling Officer will perform the following duties and responsibilities:

• Draft structuring opinions, present proposed solutions for investments under consideration, clarify the pros and cons of diverse structuring options;
• Review of legal and financial terms of potential investments and transaction with a view of achieving the future secondary sale of assumed exposures to commercial investors, financiers and insurers;
• Provide structuring guidance to Investment Officers through active engagement in the presentation to clients/sponsors of financing proposals, negotiation of financing mandates, emphasizing the benefits of loan syndication and co-financing services;
• Build when necessary, financial or economic models for Bank’s transactions;
• Assist in analyzing, understanding and acquainting with financial and economic models prepared by other Stakeholders, including project sponsors/owners;
• Determine the appropriate conversion factors for linking the socio-economic constraints and financial cash flows in the models;
• Audit financial and economic models provided by project sponsors and/or other lenders;
• Conduct sensitivity analysis on financial models, in line with the bank’s credit risk policy and guidelines;
• Perform Impairment analysis: build, understand and explain the models that affect the IFRS9 Expected Loss calculation;
• Prepare training materials and organize/deliver training sessions for Investment Officers, Task Managers, IAMT and other Bank’s staff.

Selection Criteria

• At least a Master’s degree in Engineering, Finance or Economics;
• At least six (6) years of relevant professional experience in the Bank or a similar institution and/or in strategic consultancy, business development, legal and transaction structuring. Experience in an investment boutique or top advisory firm (Big 4 type) would be a strong asset
• Strong knowledge of tailored transaction structuring options for sector-based investments;
• Strong Experience in investment appraisal, project finance, and/or corporate finance as well as valuation;
• Experience in finance, and accounting and financial cash-flow modelling;
• Proven ability to acquire new skills (particularly in legal, investment, risk capital, technology and innovative sectors);
• Proven ability to integrate social, environmental and economic indicators into project spreadsheets
• Capacity to adapt to the rapidly evolving needs of the Bank’s Non-Sovereign Operations ecosystem.
• Knowledge of international economic development issues is not essential but would be an asset.
• Sense of initiative and innovation in proposing solutions to client needs;
• Ability to respond swiftly to new situations and to anticipate new issues;
• Familiarity with loss forecasting models and the ability to understand and explain advanced and complex calculations.
• Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other;
• Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint). Knowledge of SAP is desirable;
• Professional qualification (CFA, ACA, ACCA…) would be a strong plus.
• Expected loss calculation experience. Prior IFRS9 exposure highly desirable.