Financial Management Associate (4862) (Base in Beijing)

Asian Infrastructure Investment Bank
Singapore, Singapore
05 Oct 2022
13 Oct 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Ref. Number:
Department: Operational Services Department
Job Type: Global Recruitment
Posting Date:
Closing Date:

Financial Management Associate The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow-infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 105 approved members worldwide. We are capitalized up to USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients' needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

The Financial Management (FM) unit is a part of the Operations Services Department of the Asian Infrastructure Investment Bank. Specifically, the FM unit is responsible for the financial management aspects of the Bank's overall Sovereign Backed loan portfolio, ensuring sound operational support and advice in the area of financial management.

The Financial Management Associate will be responsible for implementing the Asian Infrastructure Investment Bank's operational policies and directives associated with FM, providing reasonable assurance that financing provided by AIIB is used for intended purposes with economy and efficiency. The Associate will work effectively as an integral member of project teams to help facilitate successful project delivery and supervision.
Responsibilities The following duties and responsibilities of the Financial Management Associate will be executed under the supervision of the (Senior) Financial Management Specialist:
  • Provide FM support to project teams on project preparation, including assessment of the adequacy of project FM capacity and arrangement such as activity planning and budgeting, internal controls, funds flow, accounting and financial reporting and auditing, etc. Propose mitigation measures to address key risks and weaknesses detected.
  • Prepare FM input to the Project Document and review FM related sections in financing agreement.
  • Provide FM support to project teams during project supervision to assist project team leaders review FM performance (including overall system and individual transactions), assess FM risks, provide input to the monitoring report prepared by Project Team Leaders, and assist to resolve FM related issues.
  • Review project financial statements and audit reports received and provide sound advice to project teams and borrowers as appropriate.
  • Assess the selection and engagement of project auditors, ensuring their independence and competence to perform project financial audit.
  • Assess the financial viability of implementing entities (with respect to revenue-earning entities) and advise on the design and use of financial performance covenants.
  • Assist to conduct research and analysis on borrowing countries financial management system, with respect to project preparation and implementation.
  • Collaborate with other Financial Management team members, Procurement Specialists and Finance Officers to address fiduciary matters.
  • Undertake other activities as appropriate and as requested
  • Minimum 3 to 5 years of directly relevant professional experience in public or private sector financial management (i.e., accounting, finance, budgeting, auditing), preferably with a Multilateral Development Bank or equivalent organization.
  • Professional integrity and sound knowledge of FM and anti-corruption matters.
  • Familiarity with Generally Accepted Accounting Principles and COSO framework.
  • Sound critical thinking and problem-solving skills.
  • Strong teamwork ethic and collaborative skills.
  • Excellent oral and written communication skills in English.
  • Bachelor's degree or higher in Accounting, Auditing, Finance or Business Administration. CPA (CA or equivalent) is a plus.

AIIB is committed to diversity, transparency, and inclusion. We believe our strength comes from having a team with the right skills, experiences, and abilities selected through a merit-based competitive process. We actively encourage applications from people from both within and outside AIIB member countries, regardless of nationality, religion, gender, race, disability, or sexual orientation.

Join in AIIB's mission to promote sustainable infrastructure investments and to improve social and economic outcomes in Asia - and beyond.

Previous experience and qualifications will determine the grade and job title at which successful applicants will enter AIIB.
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