Posted on :
5 Sep, 2018
5 Sep, 2018
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 (High 5s), 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.
Job Title: Chief Disbursement Controller
The Vice Presidency for Finance oversees the financial management of the Bank Group. This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.
THE HIRING DEPARTMENT/DIVISION:
The Financial Control Department of the African Development Bank (The Bank) is responsible for accounting for the financial consequences of the Bank Group’s transactions and decisions, and for the preparation, fair presentation and overall integrity of the internal financial reports and published financial statements. The department is also responsible for loan administration and accounting and related fiduciary responsibilities, including disbursement of funds to projects and programs financed by the Bank Group. Lastly, the department provides decision support and expertise in the development and implementation of financial control policies, operational and financial strategies and related information systems.
The primary objective of the Loan Disbursement Division is to ensure compliance with key fiduciary related articles in the Agreement Establishing the African Development Bank and Fund. Ensure that adequate controls are maintained around the disbursement of Bank Group financed project.
Under the general supervision of the Manager- Loan Disbursement Division, the Chief Disbursement Controller is primarily responsible to:
Duties and responsibilities
Under the general supervision of the Division Manager, the incumbent will perform the following:
Including desirable skills, knowledge and experience
· Experience with business management systems.
· Client orientation.,Team working and Relations, Problem Solving and Innovative
· Application of Technical Knowledge and Skills
o Provides supervision to others in completing their technical tasks
o Called upon for advice and guidance based on expertise gained by working in different countries and organizations
o Contributes advanced knowledge and expertise to different parts of the Department
o Proposes effective solutions to staff beyond presenting issues and past challenges
o Assists colleagues adapt to the cultural and business norms of diverse country situations
o Gains respect for the breadth and depth of expertise demonstrated in effectively managing diverse clients and country situations
o Called upon to resolve client situations that may impact ADB’s long-term relationship
o Resolves situations where client needs are not being met
o Shares past experiences from different projects, organizations, and countries to help achieve quality results
o Ensures that thorough analysis includes current and relevant factors from different countries and contexts
o Sought out for guidance and experience in overcoming the most challenging situations
o Draws on long-term relationships with stakeholders to help plan for and achieve results
o Addresses team members not contributing to required standards
o Commits to delivering timely and high quality work to assist in the team’s success
o Develops and maintains good internal and external peer and senior level relationships
o Helps teams understand common features to build rapport and overcome challenges
o Provides stakeholders with the level and quality of information required to achieve outcomes
o Encourages others to seek long-term solutions to address feedback opposed to focusing on immediate concerns or reactions
o Uses breath of multi-country and multi-client knowledge to equip clients and staff for more effective outcomes
o Designs and implements project and program knowledge and services
o Consistently seeks more effective and practical ways for the Departmental delivery of services, products, and processes
o Proposes new ways to improve the quality and relevance of products and services
o Includes the core benefits and reasons for change when developing comprehensive change roll out plans
o Influences and persuades decision makers by presenting business cases supporting the proposed changes