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Associate Financial Sector Officer / 250530

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  • Added Date: Sunday, 13 July 2025
  • Deadline Date: Monday, 28 July 2025
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Associate Financial Sector Officer

Job Vacancy | Monday, July 14, 2025

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  • Reference Number 250530 Position Level TL4 Department Sectors Department 3 Division Finance Sector Office Location Nepal Resident Mission Date Posted Monday, July 14, 2025 Closing Date Monday, July 28, 2025 11:59 p.m. (2359 Manila Time, 0800 GMT)

    Join Our Mission to Foster Prosperity in Asia

    Are you ready to make a lasting impact on the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.

    Organizational Setting and Reporting Relationship

    The position of Associate Financial Sector Officer is assigned to the Finance Sector Office (SD-FIN) within the Sectors Department 3 (SD3). SD3 aims to deliver impactful sector strategy, initiatives, and integrated solutions that advance ADB's strategic agenda in finance, human and social development, and public sector management and governance sectors the region and with ADB's clients. SD3, which is comprised of three sector offices, delivers or supports sovereign, nonsovereign, and advisory operations; delivers knowledge services; supports regional departments (RDs) and resident missions (RMs) in engaging with developing member countries (DMCs); and ensures ADB's technical leadership externally and internally.

    SD-FIN leads policy dialogue, initiatives, and solutions in the financial sector. SD-FIN is responsible for (i) conceptualizing, processing, and administering lending, grant, and technical assistance (TA) operations; (ii) developing and delivering knowledge services and products to DMCs; and (iii) leading technical work on sector diagnostics and road maps and contributing to business development efforts.

    You will be based at our Nepal Resident Mission (NRM) in Kathmandu.

    You will have a primary reporting line to the designated Technical International staff or Director, SD-FIN on operational and policy-related matters and have a matrix reporting line to the Country Director, NRM on day-to-day administrative matters. You will oversee junior staff.

    Your Role

    As an Associate Financial Sector Officer, you will provide technical and operational support and inputs in general administration, portfolio management, project administration, and project processing activities related to loans, grants, and technical assistance (TA) for the finance sector. This includes engaging sector dialogue with the government, development partners, and civil society.

    You will:

  • Co-lead, and/or support the processing, implementation, and administration of investment projects, TA projects, and assist in portfolio management and sector work and activities, focusing on the finance sector.
Support portfolio management and project administration with tasks including, but not limited to: (i) monitoring the progress of assigned projects and preparing project performance reports; (ii) preparing annual forecasts of contract awards and disbursement, identifying factors responsible for shortfalls, and expediting achievements of target levels; (iii) identifying issues related to project implementation and taking action in close coordination with executing agencies (EAs), implementing agencies (IAs), contractors, consultants, and project beneficiaries; (iv) preparing measures and implementing them to address the issues; (v) preparing internal procurement papers, reviewing procurement documents including draft technical designs and cost estimates, and papers for extension of loan closing dates; and (vi) reallocating loan proceeds, changes in scope and implementation arrangements, and other project administration tasks, and (viii) conducting review missions with the government counterpart. Analyze the team's finance sector portfolio performance, project administration workload, and provide guidance to other members of the team. Closely coordinate with the project administration teams across the sector office. Contribute to the analysis and review of mission reports and aide memoires, progress reports, and other available project performance indexes on a regular basis and ensure quality through conducting special loan or TA review missions and prepare country portfolio review missions and tripartite portfolio review meetings. Contribute to addressing project administration red flags for timely corrective actions. Support initiatives aimed at integrating digital financial technologies into development projects to enhance financial and social inclusion across ADB's developing member countries. Contribute to the design, implementation, and monitoring of projects, programs, technical assistance, and pilot initiatives that incorporate digital financial technologies. Monitor annual forecasts of contract awards and disbursement, identify factors responsible for shortfalls, and analyze issues related to project implementation through interaction with EAs, contractors, consultants, and project beneficiaries, and prepare measures to address the project administration issues Review loan/grant/TA processing and administration documents to be endorsed and approval by the designated Technical International staff and Director, SD-FIN, following established quality assurance guidelines and relevant policies. Support initiatives aimed at integrating other focus areas such as digital financial technologies into development projects to enhance financial and social inclusion across ADB's developing member countries. Contribute to the design, implementation, and monitoring of projects, programs, technical assistance, and pilot initiatives to incorporate other focus areas of sustainable finance, digital finance, municipal finance, regional finance and housing finance. Engage in sector dialogue with government officials and key stakeholders of the finance sector, including the private sector and civil society. Maintain effective liaison and working relationship with SD-FIN, government agencies, development partners, and other stakeholders to facilitate formulation, processing, administration and monitoring of ADB-financed finance sector loans and TAs. Organize, contribute, support, and participate in meetings, conferences, seminars, and workshops related to finance sector. Maintain and update knowledge base of future government investment plans and approval processes, organizational structure, and policies relevant to the assigned sector. Participate in and contribute to project inception, review, mid-term review, special loan administration missions, and project completion review missions, as required. Contribute to sector assessments and provide appropriate advice on project procurement and sector policies and institutional reforms. Provide guidance and support in project processing missions in designing project implementation arrangements, including procurement/disbursement procedures and project management set up, and review of financing plans. Contribute to sector work in the field by assisting in conducting research, updating information on the finance sector, analyzing financial, institutional, or economic uses, and preparing reports on the subjects Participate in and contribute to country programming and review missions to monitor performance of finance sector projects, including preparation of the related pre- and post-mission documentation. Facilitate timely processing and approval of assistance pipeline (loans, TAs and grants). Liaise with national and local governments and ADB Headquarters to facilitate invitation and participation of government officials to ADB training and conferences in Nepal and abroad. Mentor and support to junior staff. Perform other duties as assigned and reflected in staff's workplan.

Qualifications

You will need:

Bachelor's degree in economics, finance, management or related fields, preferably with advanced training. At least 5 years work experience in finance and/or in development partner-financed project preparation and administration. Extensive knowledge of government policies, reforms and programs in finance sector. Familiarity with government procedures, structure and institutions. Work experience within the Ministry of Finance would be an advantage. Strong capacity to communicate with government agencies, development partners, civil society organizations and stakeholders. Sound understanding of ADB or other multilateral development bank procedures and practices related to TA and loan and grant project processing and administration, including safeguards compliance. Ability to work effectively, proactively and collaboratively in a team-oriented environment. Proficient in computer applications, especially word processing, spreadsheets, e-mail, and SharePoint. Excellent oral and written communication skills in English and Nepali. Please refer to the link for ADB Competency Framework for TL4.

Benefits

ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB's standards and comparator markets, taking into account your qualifications and experience.

Paid leave (including parental) Medical and health benefits Life and other insurance plans Staff development Retirement plan Housing and education allowance (if applicable) Expatriate benefits (for international staff)

Additional Information

📚 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗝𝗼𝗯 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗡 𝗶𝗻 𝟮𝟬𝟮𝟯! 🌍🤝 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗡 𝟮𝟬𝟮𝟯 𝘄𝗶𝘁𝗵 𝘁𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝗨𝗡𝗛𝗖𝗥, 𝗪𝗙𝗣, 𝗨𝗡𝗜𝗖𝗘𝗙, 𝗨𝗡𝗗𝗦𝗦, 𝗨𝗡𝗙𝗣𝗔, 𝗜𝗢𝗠 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿𝘀! 🌐

⚠️ 𝐂𝐡𝐚𝐧𝐠𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐟𝐞 𝐍𝐨𝐰: 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐣𝐨𝐛 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐎𝐖!

Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal grade for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal grade for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 4.5, 4.8 and 4.9).

In the event that the staff appointed to a new category (i.e., from TL to TI) is rated at 2 or lower in the first two performance reviews after appointment at the new grade, they will return to the grade occupied immediately prior to their appointment in the new category.

This is a fixed term appointment with option to renew for an initial period of three (3) years following Section 3.1 (b) of Administrative Order No. 2.01 (\"Recruitment and Appointment'). This appointment is not convertible to a regular appointment. At the end of the initial period, this appointment may be renewed for a period of up to three years, or not renewed. There is no limit on the number of renewals. This appointment is open to internal and external applicants.

For staff on fixed term appointment: (a) the current fixed term appointment will be terminated before the effective date of the new fixed term appointment; and (b) a decision on their fixed term appointment will be made at the end of the new fixed-term.

Staff who are currently under regular appointments but will transition to this position will retain their regular appointment status.

All eligibility rules for housing loan and mortgage interest subsidy shall apply to staff on fixed term appointment.

Any approved housing loan or mortgage interest subsidy prior to the change to fixed term appointment will continue during staff's new appointment under the same terms and conditions, as applicable. The outstanding housing loan will be due and payable at the end of employment. All the other eligibility rules apply.

About Us

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 members, 50 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.

ADB only hires nationals of its 68 members.

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ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.

Visit ADB Careers FAQ for more information.

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📚 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗝𝗼𝗯 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗡 𝗶𝗻 𝟮𝟬𝟮𝟰! 🌍🤝 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗡 𝟮𝟬𝟮𝟰 𝘄𝗶𝘁𝗵 𝘁𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝗨𝗡𝗛𝗖𝗥, 𝗪𝗙𝗣, 𝗜𝗢𝗠, 𝗨𝗡𝗜𝗖𝗘𝗙, 𝗨𝗡𝗗𝗦𝗦, 𝗨𝗡𝗙𝗣𝗔 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿𝘀! 🌐

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