Financial Management Officer P-4

Duration of Assignment
1-year fixed term
(possibility of renewal is subject to availability of funds)
Organizational Context
IFAD is an International Financial Institution and a Specialized Agency of the United Nations whose mission is to enable poor rural people to overcome poverty. IFAD’s headquarters is in Rome, Italy, and its staff work with poor rural people, their governments, communities and organizations in more than 80 countries to develop and finance programmes and projects aimed at increasing rural productivity and incomes
Division Context
Under the direct supervision of the Director and Controller, the incumbent will manage the unit to deliver high quality outcomes in a client focused and transparent environment. S/he supervises the unit staff, maintains risk analysis of projects, coordinates financial management materials and communications, acts as focal point for updating financial management policies and procedures, working directly with IFAD workforce, borrowers and recipients and project staff. S/he will perform the following duties:
Duties and Responsibilities
Under the direct supervision of the Director and Controller, the incumbent will manage the unit to deliver high quality outcomes in a client focused and transparent environment. S/he supervises the unit staff, maintains risk analysis of projects, coordinates financial management materials and communications, acts as focal point for updating financial management policies and procedures, working directly with IFAD workforce, borrowers and recipients and project staff. S/he will perform the following duties:

RISK ANALYSIS

• Lead the development and establish framework and procedures for performing risk analysis at country and individual project level and for loan and grant disbursement.
• Lead and promote awareness on risk management and analysis in the division.

COORDINATION AND DISSEMINATION OF FINANCIAL MANAGEMENT MATERIALS

• Lead in providing relevant and updated financial management materials and communication both in-house and to borrowers, project staff and national auditors as required, liaising with the head, loans and grants unit. Ensure availability and awareness of materials in all relevant IFAD official languages and in appropriate media.
• Provide guidance and training to IFAD and project staff to ensure familiarity with and improvement in their technical capabilities in the proper implementation of IFAD’s fiduciary responsibilities.

FINANCIAL POLICIES AND PROCEDURES

• Liaising with the heads of the loans and grants and accounting units, evaluate existing policies and procedures, identify the need for revisions or modifications, and lead the subsequent update processes.
• Make presentations and provide training as required to key stakeholders (including IFAD Management and the Audit Committee of the Executive Board).
• Act as focal point and repository in compiling/updating IFAD’s financial accounting policies and manuals, and disseminating these among concerned staff/ departments/offices in IFAD.

INTERNAL CONTROLS

• Support staff concerning compliance with internationally recognized control frameworks
• Act as focal point and repository for all mapped processes and subsequent updates.
• Ensure updated and continuing compliance with control frameworks.
• Ensure accurate and timely data on country offices and entries on banking details.
• In conjunction with the Accounting Officer – Systems, review and recommend changes to systems, policies and procedures to promote accuracy of information and increase efficiency while maintaining appropriate internal controls.
Education and Experience
• Advanced University degree (Master’s degree or equivalent) in accounting, finance, business, or related fields; A first-level university degree in combination with qualifying experience may be accepted in lieu of the advanced university degree; Internationally recognized professional qualification such as Certified Public Accountant (CPA)/Certified Financial Analyst (CFA) an asset.
• At least eight years of relevant professional experience in the area of accounting policy, financial reporting and auditing, preferably in public accounting firms or financial institutions
• Good knowledge of internal control and risk management framework
• Strong and demonstrated experience in handling technical accounting and financial reporting issues.
• Experience in the implementation or application of International Financial Reporting Standards or International Public Sector Accounting Standards an advantage, especially in a reputable financial institution.
Tech/Functional Competencies
Application of Technical Knowledge and Skills: Deals with routine queries and correspondence in accordance with procedures; - Proactively seeks relevant development opportunities and submits for approval; - Produces summaries and frameworks by collecting and analyzing diverse information; Very strong analytical skills
Client Orientation: - Adjusts style and approach to respect and serve different clients; - Conveys messages by asking questions and using different approaches; - Identifies when a client issue requires escalation; - Responds to clients without prompts or reminders from senior colleagues.
Achieving Results and Problem Solving: - Proposes solutions to minimize delays and setbacks in completing work; - Reviews all task objectives and achieves core deliverables; - Uses time management and organizational skills to complete work to the required standard; - Delivers beyond the stated task objectives.
Interpersonal skills: Excellent interpersonal skills, an ability to work as part of a team and demonstrate strong team leadership; an aptitude to effectively transfer technical knowledge and maintain effective and cooperative relations with national authorities as well as donors, as well as capacity to handle sensitive issues with discretion in a multicultural environment
Communication and Knowledge Sharing: - Uses effective written and oral communication in preparing documents, presentations and interactions; Strong negotiation skills.
Innovation and Change: - Adopts new policies, systems and processes in a timely fashion; - Shares ideas for how work can be completed more effectively
Communication
• Excellent written and verbal communication skills in English, including the ability to set out a coherent argument in presentations and group interactions.
• Working knowledge of another IFAD language (Arabic, French or Spanish) preferred.
• Ability to prepare, present and discuss technical issues in a manner understandable to non-technical people
Other Information
Applicants should note that IFAD staff members are international civil servants subject to the authority of the President of IFAD, and they may be assigned by him/her to any of the activities of IFAD, including field assignments and/or rotation within IFAD.

IFAD reserves the right to appoint a candidate at the appropriate grade commensurate with experience and knowledge.

Interested candidates are requested to apply through IFAD’s online system only by completing IFAD’s Personal History Form (PHF) in English. A separate CV may be attached if you so desire, only as a supplement and not a substitute to the PHF.

In the interest of making most cost effective use of funds and resources, we are only able to respond to applicants who are short-listed for interview. Candidates who do not receive any feedback within three months should consider their application unsuccessful.

Candidates may be required to take a written test and to deliver a presentation as well as participate in interviews


Financial Management Officer P-4
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