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
OBJECTIVES
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
Including desirable skills, knowledge and experience
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.
SENIOR FINANCIAL MANAGEMENT SPECIALIST (SARC), ORPF2
OBJECTIVES
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 Spe...t 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 Spe...ts (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
Including desirable skills, knowledge and experience
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).
CLICK HERE TO APPLY
DUE DATE: 6 March, 2016
Vacancies at African Development Bank (AfDB)
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