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  • Freshly Posted Vacancies at African Development Bank (AfDB)

  • Posted on: 15 February, 2016 Deadline: 6 March, 2016
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    Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank's development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2013 - 2022) and ensure greater developmental impact, five major areas, all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa. The Bank is seeking to build a senior management team that will lead the successful implementation of this vision.

    Senior Financial Analyst, ONEC2




    The Energy, Environment and Climate Change Department (ONEC) is in charge of managing the Bank Group energy operations in Regional Member Countries (RMCs). It helps address climate change and environmental issues by incorporating them into Bank Group supported operations and giving them the visibility required. ONEC Department includes two energy divisions and a third division which is responsible for climate change and environment issues. The main objective of the Eastern and Southern Africa Energy Division (ONEC.2) is to build on the Bank’s sector skills and strengthen its capacity to become the leader in strategy, development, financing and implementation of energy projects and programs in Eastern and Southern Africa.

    Duties and responsibilities


    The Senior Financial Analyst will work under the general supervision and guidance of the Manager, Eastern and SouthernAfrica Energy Sector (ONEC.2). His/her core duties/responsibilities will include the following:

    • Conduct financial analysis of projects in the energy and mining sectors as well as the executing agencies at various stages of the project cycle, namely identification, preparation, appraisal, implementation and completion, by: 
      • Collecting and analyzing all financial data and appropriate performance indicators, in order to determine the investment potential of projects;
      • Evaluating the commercial performance, tariffs and tariff policy of the executing agency and its capacity to ensure project sustainability;
      • Estimating and calculating the detailed project cost in foreign exchange and local currency;  
      • Calculating the Financial Internal Rate of Return (FIRR) based on logical hypotheses and project estimated cash flow;
      • Evaluating financial projections, income statements and balance sheets of the executing agency; 
      • Evaluating the overall performance of the project and the executing agency to determine the project’s financial viability and sustainability;
      • Evaluating the financial policies and procedures as well as those related to risk management;
      • Proposing loan conditions that contribute to project viability and sustainability;
      • Participating in Bank missions at each stage of the project cycle to gather data necessary for undertaking the above tasks and discussing the project with the relevant authorities;
      • Liaising with the economist to calculate the Internal Economic Rate of Return (IERR) based on the project’s logical hypotheses and the FIRR.
    • Assess the legal institutional and organizational framework of the executing agency by:
      • Evaluating the legal framework of the sector and the executing agency;
      • Analyzing the adequacy of the executing agency’s organizational structure in terms of hierarchy and staffing;
      • Evaluating the staff training needs of the executing agency;
      • Evaluating sector reforms, including privatization;
      • Preparing loan conditions in connection with the institutional status of the executing agency;
      • Discussing the above issues with the relevant authorities during missions.
    • Ensure continued project supervision by:
      • Analyzing the audited financial statements of the executing agency;
      • Evaluating the accounting system used in keeping project accounts;
      • Reviewing compliance with Bank rules and guidelines;
      • Reviewing fulfillment of Bank loan conditions;
      • Reviewing compliance with the project’s estimated implementation schedule;
      • Participating in missions to undertake the above tasks and discuss with the relevant authorities.
    • Successfully conduct portfolio management and loan administration activities by:
      • Assisting Management in implementing projects;
      • Advising project managers, government representatives, executing agencies and Bank Management on various aspects of projects and current alternatives;
      • Writing regularly to project managers, governmental authorities and co-financiers on all project-related issues;
      • Reviewing bidding documents and bid assessment reports submitted to the Bank for information, with a view to concluding contracts for projects managed by the Division;
      • Participating in meetings of various working groups within the Bank, loan negotiations with borrowers and presentation of projects to the Bank’s Board of Directors;
      • Evaluating the CVs of consultants for the provision of services on some of the Division’s short-term missions.
    • Participate in preparing country strategy papers and operational policies, and if necessary, present and defend them before the Board of Directors.

    Selection Criteria


    • A minimum of a Master’s degree in finance, business administration, financial accounting or other related fields;
    • A minimum of five (5) years of relevant experience in project infrastructure financial analysis;
    • Ability to grasp details and work without supervision;
    • Ability to work as part of a team, present and promote ideas;
    • Ability to build partnerships and produce results to match the long-term needs and interests of clients both within and outside the Institution;
    • Excellent written and oral communication skills in English with a practical knowledge of French;
    • Considerable knowledge of IT tools. Knowledge of SAP is desirable.

    go to method of application »

    Senior Financial Management Specialist (SARC), ORPF2




    The Procurement and Fiduciary Services Department (ORPF) reports to the Vice President, Country and Regional Programs & Policy (ORVP). The Department supports the Sector Departments in project cycle activities and in monitoring compliance in fiduciary safeguards related to the financial management of projects and programs on the one hand and procurement activities on the other. In addition, it is also responsible for engaging in framing financial management and procurement policies guidelines and rules. The Department is also mandated to provide training to Borrowers and to Bank staff relating to financial management and procurement. The Fiduciary Services Division (ORPF2) is responsible for all financial management issues of the Bank. 

    Duties and responsibilities


    The Senior Financial Management Specialist will be based in Pretoria, South Africa and will report to the Manager, Fiduciary Services and will be supervised by the Regional Financial Management Coordinator for Southern African English Speaking Hub.  He/she is expected to work with a team of Financial Management Specialists (CFMS) within the Southern Africa Region (Botswana, Lesotho, Namibia, South Africa, Sao Tome & Principé, Swaziland, Zimbabwe, Angola, Madagascar, Malawi, Mauritius, Mozambique and Zambia) in conducting (i) national or sector level fiduciary diagnostic work; (ii) operational support missions at the request of Project Team Leaders (PTL) throughout the project cycle; and (iii) technical support to improve borrowers’ financial management systems, including support for designing lending operations that focus on FM reform/development. Other specific duties and responsibilities include:

    • Plan and prioritize FM work for assigned countries and communicate the same to Project Team Leaders, Country Managers, Regional FM Coordinator and the Fiduciary Services Manager.
    • Take proactive role ensuring “Quality at Entry Work” in assessing the adequacy of the Borrowers’ project financial management systems and ensuring consistency and quality of FM aspects in project/program documents.
    • Provide technical guidance within the framework of the Bank’s policies and guidelines to Project Team Leaders and Executing Agencies with respect to the financial management activities of projects and programs for the assigned countries.
    • Manage the resolution of financial management issues, through interpretation of related Bank guidelines, international standards, or best practice.
    • Provide financial management guidance for the development of technical assistance programs and evaluate and monitor their implementation.
    • Carry out the fiduciary aspects of new areas of business and provide relevant information on country specific issues to country units, sector staff and task teams on generic country specific financial management and disbursement issues.
    • Represent the Bank in regional financial management and other relevant forums.

    Selection Criteria


    • A minimum of a Master’s Degree or its university equivalent in accounting, business, finance, economic or related subject.
    • A professional accounting qualification (such as CPA, CA, ACCA, Expert Comptable or equivalent).
    • A minimum of five (5) years of relevant experience, preferably with a donor organization working on public sector financial management.
    • Knowledge of International Financial Reporting Standards, International Public Sector Accounting Standards and International Standards on Auditing is a requirement.
    • Experience required in designing and assessing internal control systems and procedures using internationally accepted control frameworks such as COSO with the ability to assess such systems and recommend remedial action where necessary.
    • Proven ability to conceptualize, design and monitor the implementation of country or sector level financial management capacity building initiatives.
    • Demonstrate an understanding of cross-cutting issues beyond financial management (e.g. procurement, governance, public sector management) at sector/country level.
    • Willingness and ability to travel frequently in the region.
    • Superior written and verbal communication skills in English and/or French (with a working-knowledge of the other language).
    • Competence in the use of Bank standard software (Word, Excel, Access, and PowerPoint).

    Method of Application

    To apply, visit AFDB Career Page

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