Financial Management Officer
Key results expected / Major functional activities
1. FINANCE BUSINESS PARTNER: The Regional Finance Officer is a credible, trusted partner to the regional client countries/offices served and the regional Department/Division/Unit where assigned. S/He supports in the field the Fund’s finance strategy and plans as well as models a commitment to financial integrity by acting as a responsive and constructive service provider with a focus on results that have direct field impact. The Officer provides seasoned verbal and written advice and guidance to regional supervisors and staff on finance regulations, rules and procedures, facilitating a mutual understanding of roles and fiduciary accountabilities in direct support of integrity in the management of the Fund’s financial resources. S/He also contributes to the development, improvement and dissemination of technical policies and procedures as required.
2. FINANCIAL MANAGEMENT: At this level the Regional Finance Officer is a seasoned professional with the capacity to interpret and apply a broad range of international and IFAD financial policies, rules and regulations as well as standards and techniques. Activities performed by Regional Finance Officers at this level include the full range of complex loans and grants portfolio(s) ensuring improved results of the financial management of IFAD projects and programmes. Representative occupational activities include:
- participating directly in the project activities including the preparation of financial management assessments and review of Project design documents in relation to financial management (e.g. flow of funds, financial reporting and audit);
- contributing to legal documents proposed covenants required to reflect sound FM arrangements and representing IFAD in financing agreement negotiations as part of the Country Management Team;
- monitoring financial management (FM) in-country as part of supervision or implementation support missions and financial progress monitoring of ongoing projects (e.g. FM arrangements, financial performance assessments, annual external audit reports on the project financial statements) and providing proactive financial management support and training as required and carrying out regular capacity building activities in the region;
- responsible for contracting of financial management consultants to ensure full coverage of FM activities throughout the project cycle;
- ensuring effective and accountable maintenance of related data in corporate FM systems;
- supervising other junior and support staff and non-staff (including consultants or interns) as relevant;
- coordinating financial management dialogue and actions on programmes and projects involving the Fund’s operational staff, cooperating institutions, borrowers, co-financiers and projects;
- maintaining operational links with borrowers and project staff and cooperating institutions during implementation; and
- ensuring effective and accountable maintenance of related data in corporate FM systems.
3. AGENT OF CHANGE: The Regional Finance Officer understands and applies the principles of change management and proactively serves as a role model for transformation and capacity for acceptance of change. S/He uses a seasoned knowledge of results based management and budgeting, enterprise resource planning (ERP) and other information technology to develop, analyze and promote acceptance of new methods of work and automated work flows. At this level the Officer manages change through consultations with finance colleagues and outreach to internal and external stakeholders to build understanding of and to ensure open and regular communications pertaining to current and planned changes in the Fund’s financial standards, regulations and rules.
4. MANAGERIAL FUNCTIONS: The Regional Finance Officer is accountable for integrity, transparency, and equity in the personal use of assigned IFAD resources, including equipment, supplies and, as applicable, staff or consultants supervised.
Minimum recruitment qualifications
- Advanced university degree or its equivalent in Accounting, Business Administration, Finance, Banking and other relevant areas. The advanced university degree may be substituted by a first university degree and at least four (4) additional years of relevant professional experience over and above the minimum number of years of experience as stipulated below.
- Professional qualification of finance, economics and sustainable financing or similar professional qualification including CPA, or equivalent from an internationally recognized Institute of Accountancy is preferred.
- At least 5 years’ of progressively relevant professional experience in a similar position and/ or a finance and debt background in International Financial Institutions, audit firm, or other relevant institution.
- Excellent written and verbal communication skills in English. Working knowledge of another official language (Arabic, French, or Spanish) is desirable.