Senior Finance and Budget Officer at African Development Bank (AfDB)

African Development Bank (AfDB) - In September 1964, a group of Africans met in Khartoum, Sudan, to ratify the multinational agreement to set up the African Development Bank. They were representing the continent's newly formed twenty-five governments. They had the same mission and bore the same hope. Their hope was to see the new institution contribute to the continent's development and unity.

By this act, Africa was taking its destiny into its own hands in the early 1960s. From the very early stages, and often with reference to major market networks of pre-colonial Africa, its leaders had designed the institution so that it would be one hundred percent African. Africa wanted to be in charge of its own destiny and wanted to be distant from the ideological and linguistic divides of the time. Thus, the African Development Bank (AfDB) was created.

African Development Bank (AfDB) is recruiting to fill the position below:

Job Title: Senior Finance and Budget Officer

Grade: PL 5
Location: Nigeria
Reference: No ADB/15/027

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.

Application Closing Date
23rd March, 2015.

How to Apply
Interested and qualified candidates should:
Click here to apply online