Company Info
Large organization
200 + Employees
African Development Bank Group (AfDB) - 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
African Development Bank Group (AfDB) – 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
1). Principal Financial Management Operations Officer
Position Number: 50076504
Location: Nairobi, Kenya
Position Grade: LP4
The Complex
- The Senior Vice-Presidency (SNVP) is responsible for supporting the President in the day-to-day management of the Bank Group to achieve its strategic objective and drive performance culture that will align all processes and systems to deliver high impact results.
- The SNVP provides effective leadership and exceptional coordination to ensure implementation and monitoring of key corporate decisions as well as the identification of necessary corrective measures and actions.
- The SNVP leads Senior Management discussions, decision-making processes and the implementation of key Board and Management decisions.
The Hiring Department / Division
- The SNVP supervises the Fiduciary and Inspection Department (SNFI), which is a custodian of the Procurement and Financial Management (FM) profession and has the following responsibilities:
- Developing and interpreting policy, strategy and related guidance notes and manuals;
- Preparing annual post review reports on the Bank’s FM and procurement operations for the Board;
- Developing training strategy for internal and external clients;
- Dialoguing with external and global partners with a view to building partnerships and fostering harmonization;
- Providing the secretariat for the Procurement Review Committee (PRC); and
- Inspecting and reporting on the performance of procurement and FM activities undertaken by the regions.
- The Principal Financial Management Operations Officer is responsible to ensure that financial management of Bank-financed projects are compliant with the Bank’s financial management policy.
- This is done by advising on financial management arrangements and reviewing financial management decisions within the project/program operations cycle from the identification to completion stages.
- The incumbent also contributes to the preparation of the Bank’s Country Strategy Paper, and to building Public Financial Management (PFM) capacity of Borrowers which includes training of Borrower staff, advising on project related financial management matters, and assessing and strengthening the Borrower’s PFM systems.
- The Principal Financial Management Operations Officer reports administratively to the Regional Operations Manager for Implementation Support (ROM-IS) and functionally to the Division Manager-Financial Management (SNFI.4).
The Position
The key responsibilities of the Principal Financial Management Operations Officer are:
- Ensuring quality and timely FM advice and providing support to projects activities, including: (i) quality of Financial Management (FM) activities in the region; (ii) timeliness of responses on all FM issues; and (iii) quality of advice to both Bank sector and Borrowers staff in countries covered by East Africa Regional Department;
- Executing the operations fiduciary function for the Bank in projects and programs that it finances , including through: (i) conducting country, sector and project level FM assessments and related capacity development action plans; (ii) providing FM-related support for country dialogue; (iii) supporting development of regional professional FM networks; and (iv) participating in donors coordination meetings in their areas for promoting better coordination and effective resources mobilization; and
- Contributing to capacity development of Bank and Borrowers’ FM staff, including (i) coaching, (ii) mentoring, (iii) training and (iv) upgrading of the skills.
Key Functions
Under the oversight and guidance of the Division Manager, Financial Management and the direct technical supervision of the Regional Financial Management Coordinator, the Principal Financial Management Operations Officer will:
- During the project/program preparation and appraisal cycle missions, assess the adequacy of the Borrower’s project financial management systems and their ability to manage and monitor Bank financed projects. This includes budgeting, internal control, treasury management, accounting, financial reporting and external auditing;
- Attend negotiations and ensure Financial Management issues are taken into account in the financing agreement and other associated documentations;
- Participate in project/program launching missions to assist the project/program team in developing capacity building of the Executing Agencies in the area of financial management;
- Carry out supervision work to ensure that projects financial management systems are functioning appropriately, including the periodic review of project financial reports for financial performance;
- Review audited financial statements received, monitor the Borrower’s compliance with financial covenants including audit compliance, ensure adequate communication with the Borrower and the project implementing agencies with respect to audits and advise as appropriate;
- Provide advice and support to Borrowers and the Bank Project Teams on matters affecting financial management and disbursement on capacity building in projects and with public sector accountability institutions;
- Assess the selection and recruitment of external independent auditors, ensuring their suitability including their independence, and competence to perform;
- Play an active role in Public Financial Management diagnostic work and reforms action plans;
- Play an active role in Country Portfolio Performance Reviews (CPPRs) /Country Strategy Paper (CSPs) from the financial management perspective and draft the FM sections of the CPPR/CSP report;
- Undertake Financial Management Capacity building in Regional Member Countries and sector departments in the Bank;
- Play an active role in departmental or institutional task forces on developing and implementing changes to financial management policies and practices, fiduciary safeguards and the efficiency and effectiveness of business processes;
- Participate in donor coordination meetings and in country dialogue platforms between the country and the donors on the basis of the overall Bank’s strategy to support aid effectiveness;
- Participate in fiduciary clinics; and
- Undertake other activities, as appropriate, as requested by the Manager, Financial Management.
Competencies (Skills, Experience and Knowledge)
- Hold a Master’s degree in accounting, finance, business administration, economics or a related discipline and a professional accounting certification (CPA, CA, ACCA, Expert Comptable);
- Have a minimum of five (6) years of relevant experience, with particular expertise in designing and supporting financial management operations of which at least three (3) in international financial Institutions;
- Experience in supporting financial management private sector operations would be an added advantage;
- An understanding of cross-cutting issues beyond financial management (e.g. procurement, governance, donors’ practices) at sector/country level;
- Expert knowledge of International Financial Reporting Standards (IFRSs), International Public Sector Accounting Standards (IPSASs), International Standards on Auditing (ISA), and International Standards of Supreme Audit Institutions (ISSAIs);
- Proven ability to implement country or sector level financial management analytical and capacity building initiatives;
- Strong planning, organization, and time management skills;
- Excellent analytical skills;
- Ability to be flexible, open-minded with integrity, client and results oriented for achieving both Bank’s and Borrowers’ objectives;
- Ability to work as part of a team, maintain effective and cooperative relations with sector specialists, national authorities as well as donors, and handle sensitive issues with discretion in a multicultural environment;
- Ability to communicate effectively (written and oral) in English or French with a working knowledge of the other language; and
- Competence with standard MS Office software (Word, Excel, PowerPoint), preferably combined with knowledge and experience of SAP operations.
Application Closing Date
31st August, 2024.
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2). Senior Country Economist
Position Number: 50001007
Locations: Sao Tome & Principe
Position Grade: PL5
The Complex
- The core mandate of the Vice Presidency (ECVP) is to lead the Bank Group on prioritizing the generation,
analysis, dissemination, brokering and implementation of relevant knowledge solutions in all High-5
operational priorities and the cross-cutting themes of its Ten-Year Strategy. Such solutions must be a clear
response to priority development challenges facing regional member countries (RMCs), individually or
collectively and need to involve RMCs in both the planning and implementation of the solutions. The
solutions include: (i) research on major development issues facing Africa and their relation to global
economic governance and other major global public goods; (ii) country diagnostics and future perspectives;
(iii) policy dialogue and advisory services; (iv) economic, sector, and thematic knowledge work; (v)
improving national and sub-regional statistical systems; (vi) preparation, design and support to
implementation of public financial management and Governance operations; (vii) capacity development for
policy formulation and implementation; (viii) technical assistance and advice related to RMCs’ management of natural resources; and (ix) knowledge dissemination and development of national, regional, and inter regional knowledge networks.
The Hiring Department / Division
- The mandate of the Country Economics Department is to position the Bank at the center of socio-economic knowledge-led Country and Regional strategies, policy dialogues and operations through
- Strategy Documents: leading and contributions to the production of Country and Regional Strategy documents, including the Country Strategy Papers, Regional Integration Strategy Papers, Country Diagnostic Notes, and Regional Diagnostic Notes to inform country lending programs,
- Regional and Country Economic Reports: produces the Regional Economic Outlooks Reports, the Country Focus Reports, and the African Economic Outlook Country Notes to update on the economic, political and social developments in the country,
- Policy Dialogue: The department plays a key role in Country/Regional policy dialogues and in the Bank’s collaboration with other Development partners, including participation in Country Thematic Groups in line with Paris Declaration on Aid effectiveness and Accra Plan of Action
- Economic and Sector Work: the Country Economics Department leads in the research and analysis of economic and sector issues at the country level to inform the design of Bank’s strategy and programs in the country.
- The Country Economics Department is composed of the Office of the Senior Director (ECCE.0) the Lead Economists report to, and two (2) divisions, each overseen by a Division Manager: The Country Economics Department Division 1 (ECCE.1), which covers Central, North, and West Africa, and the Country Economics Division 2 (ECCE.2), which covers Nigeria, Eastern and Southern Africa. The two (2) Division Managers and the Lead Economists report to the Director of the Country Economics Department.
The Position
- The Senior Country Economist Sao Tome & Principe works under the supervision of the Division Manager ECCE.2 in the Country Economics Department and the Lead Economists for the region (on technical matters) and reports administratively to the Country Manager Sao Tome & Principe in charge of the country’s assignment.
- He/She will also work in close collaboration with other internal and external stakeholders, under the guidance of the Lead Economist.
- The Senior Country Economist Sao Tome & Principe will focus on macroeconomic and economic development work to deepen country knowledge, strengthen the Bank’s policy dialogues with country, regional, continental and global policymakers, the preparation of Economic and Sector Works and coordination of the preparation of Country Strategy Papers and other relevant documents (mid-term review, completion report, etc.).
- Under the Bank’s matrix system, the Senior Country Economist Sao Tome & Principe, who is a member of the Country Economics Department, will have a solid reporting line to the ECCE.2 Division Manager and a dotted reporting line to Country Manager where she/he is based.
Key Functions
The Senior Country Economist Sao Tome & Principe will:
- Analyse the economic and financial situations of assigned Regional Member Countries, using internal and external information sources, and determine the implications for the programming and updating of Bank Group operations such as defined in the Country Strategy Paper.
- Contribute to the preparation and dissemination of Bank’s flagship publications and the publication of the Country Economics Department, including the African Economic Outlook, Regional Economic Outlooks and Country Focus Reports.
- Support the Business Delivery Units (Regional department and country office) in the dialogue with the National Authorities and other stakeholders (Donors, CSO, Private sector, etc) with regular briefs and updates on the economic and financial situations, preparation, and participation in meetings.
- Undertake assigned Economic and Sector Work (including Country Diagnostic Notes), focusing on issues of governance profiling; and papers on relevant economic and financial issues in the development process; Country Notes for African Economic Outlook reports, Country Focus Reports, etc.
- Identify, prepare, evaluate, and monitor the implementation of economic programmes, including macroeconomic programmes.
- Coordinate the preparation of Country Strategy Papers, based on the Regional Member Countries’ development strategies.
- Maintain effective communication with the sector departments and other relevant units in the Bank and an active participation in review meetings (Country /regional team meetings) to ensure a coordinated approach in the implementation of the Bank’s Strategy and lending operations in assigned countries.
- Participate in Country Portfolio Reviews.
- Participate in the preparation and monitoring of the implementation of measures under budget support loans.
- Participate in aid coordination activities with bilateral and multilateral donors, with an emphasis on promoting the co-financing of knowledge products, projects, and programmes.
- Undertake Country Policy and Institutional Assessment (CPIA).
- Participate in the preparation of Country Fragility and Resilience Assessment, Country Risk Assessment, etc.
- Participate in the preparation of ECCE Divisions’ budget and in the recruitment of consultants; prepare annual and triennial knowledge work programme and briefs on economic and sectoral developments and economic reforms programmes.
- Develop and build client relations at all levels and play a promotional role in generating new knowledge activities and related business for the Bank.
Competencies (Skills, Experience and Knowledge)
- Hold at least a master’s degree in Economics and other relevant fields and related disciplines.
- Have a minimum of five (5) years of relevant experience in macroeconomic policy analysis and management issues and the economics of development at the international level, gained in international organizations or relevant national institutions, working on African development issues and country strategy papers preparation.
- Strong planning and organizational skills, including a proven ability to think strategically and see the big picture without sacrificing the details, negotiation skills and team building skills, as well as a credible ability to influence and present ideas.
- Capacity to connect, understand and influence stakeholders at all levels.
- Ability to handle the high-level demands of a complex organization, including the ability to work under pressure and meet tight deadlines.
- Good grasp of the developing countries’ issues.
- Solid technical and quantitative skills as an applied development macroeconomist.
- Proven experience and record in economic modelling and forecasting.
- Competence in the use of at least one standard econometric software for empirical analysis.
- Very good knowledge of portfolio management and demonstrated knowledge of economics and analytical skills.
- Strong experience in policy dialogue, as well as fragility assessment knowledge and skills.
- Strong analytical and organizational skills and ability to deliver results on time.
- Problem solving capabilities coupled with innovation skills and change management.
- Excellent verbal and written communication skills in French or English, with a good working knowledge of the other language.
- Knowledge of the Portuguese language is a requirement for this position.
- Competence in the use of standard Microsoft Office Suite applications.
Deadline: 31st August, 2024.
How to Apply: Interested and qualified candidates should use the links below to apply: