Principal Professional, Financial Controller

Closing on: June 7th at 11:59pm (China Standard Time)

Duty Station: Shanghai, China

Target Market: Global Recruitment

Job Description: Principal Professional, Financial Controller

The Principal Professional, Financial Controller reports to the Chief Financial Controller. The Financial Controller Division, under the Finance, Budget, and Accounting Department, is functionally responsible for ensuring the smooth financial operations of the Bank, including oversight of the Bank’s financial statements and financial control activities. The Principal Professional, Financial Controller, is responsible for preparing the financial statements in accordance with International Financial Reporting Standards (IFRS) and applicable laws and regulations. The incumbent is also responsible for the adaptation of financial and accounting standards related to loans and grants, borrowings, investments, derivatives, capital, payroll, fixed assets, and administrative accounts of the Bank.

Specific responsibilities include, but are not limited to:

• Review of financial statements in accordance with International Financial Reporting Standards (IFRS) and applicable laws and regulations.
• Adaptation of financial and accounting standards related to loans and grants, borrowings, investments, derivatives, capital, payroll, fixed assets, and administrative accounts of the Bank.
• Management of financial control activities of the Bank, such as the general ledger, account reconciliations, and the budget against established cycles/schedules.
• Prepare and manage the comprehensive balancesheet and income statement analysis, against established cycles/schedules, while continuously monitoring financial status, identifying potential risks, and recommending corrective actions that support service delivery.
• Prepare quarterly and annual financial statement analysis to present the financial performance of the Bank.
• Prepare investor roadshow presentation demonstrating the financial performance of the Bank.
• Support closing of internal audit points in a timely manner.
• Support System implementation and Bankwide automation initiatives
• Review all external data submissions, for example submissions to rating agencies.
• Develop financial control initiatives that align with the Bank's strategic priorities, with a focus on loan product accounting and treasury accounting.
• Tailor approaches to financial control policies, strategies, implementation plans, etc., to reflect needs and a deep understanding of financial institutions to sustain the operations of the Bank.
• The ability to demonstrate adaptive capacity in managing the Bank's financial control activities while addressing emerging trends and evolving client needs, thereby sustaining the relevance of the Bank's financial policies and programs and positioning the organization as an effective partner in development.
• Advise managers and teams on new approaches to sustain the quality of financial control services, improve the efficiency of accounting processes, and ensure compliance with regulatory requirements.
• Liaise with non-financial teams to promote a cross-functional approach to decision-making, streamline cross-functional processes, and ensure that the financial and program implications of decisions are properly understood and managed.
• Establish collaborative networks with international financial institutions, regulatory bodies, clients, and other stakeholders to understand their financial requirements, expectations, and challenges, and to sustain financial control activities.
• Promote NDB financial control activities through outreach and engagement with key stakeholders, by sharing financial analyses and recommending innovative solutions to address financial risks.
• Prepare a report on financial control activities, including treasury accounting and analysis and budgeting) against established cycles/schedules, while continuously monitoring the financial status, identifying potential risks, and recommending corrective actions that support service delivery.
• Manage and/or improve the financial control activities (Treasury accounting and analysis and budgeting) against established cycles/schedules, while continuously monitoring the financial status, identifying potential risks, and recommending corrective actions that support service delivery.
• Incorporate new financial control policies and procedures into financial reports, planning, and analysis, and ensure timely delivery of financial services to support the operations of the Bank.
• Sustain the quality of financial control services through adaptation to changing operational demands and client feedback and ensure the accuracy and timeliness of financial reporting and analysis.
• Develop and implement financial control mechanisms, reporting standards, and financial management best practices to ensure compliance with the Bank's financial policies and regulatory requirements and to support the continuous improvement of financial services.
• Suggest and support innovative solutions and systems to optimise financial control processes and introduce efficiencies in financial reporting, including but not limited to Artificial Intelligence (AI) and Robotic Process Automation (RPA) technologies.
• Manage team work allocation and first level review of team’s output.

Position Requirements

• Minimum 9 years of relevant experience.
• Master’s Degree or equivalent / Chartered Accountant / Certified Public Accountant with Finance as a specialisation.
• Extensive experience in IFRS reporting in the areas of loan products, treasury finance, hedge accounting, and budgeting.
• Experience in working in leading Big 4 Accounting Firms / Commercial Banks / multilateral development banks (MDBs).
• Proven ability and willingness to work in a climate of teamwork and collaboration.
• Experience in relationship management and service delivery.
• Fluency in English for communication and writing.

For candidates based in Russia, if you face any technical difficulties, please email your resume and cover letter to career@ndb.int with the Job Title and Requisition Number in the email subject line.