Financial Controller Professional

Job description / Role

Closing on: December 20, 2024 at 11:59pm (China Standard Time)
Duty Station: Shanghai, China
Target Market: Global recruitment

Position Objective
The Financial Controller Division, under the Finance, Budget, and Accounting Department, is functionally responsible for ensuring the smooth financial operations of the Bank which includes oversight on the Bank’s Financial Statements, General Ledger and Budget. The Financial Controller Division leads in the application of financial control interventions that are critical to ensuring NDB operates in compliance with relevant regulations and governance standards (i.e., International Financial Reporting Standards (IFRS) while maintaining its reputation and credibility.

Purpose (Analyze)
- Prepare budgets, forecasts and utilization of budgets with respect to the operating expenses of the Bank;
- Analyse the trends in operating expenses;
- Ensure all the budget-related information is maintained in the budgeting system.

Engagement (Collaborate)
- Engage with other departments to understand the utilization trends and prepare explanations;
- Actively engage with other departments on the preparation of the budgets and forecasts;
- Engagement with other IFIs to understand the best practices.

Delivery (Manage the project cycle)
- Support in delivering the budget utilisation of the Bank;
- Prepare the budget proposal for the Bank;
- Assess the effectiveness of operating expenses.

- Master’s degree or equivalent in Finance or related field;
- At least 5 years of relevant experience;
- Extensive experience in budgeting & planning of a development / commercial bank;
- Fluency in English essential to communicate in writing and speaking.

Please note, this position is being re-advertised. Previous applicants need not apply as their applications will be evaluated together with the new set of applications.

About the Company

The New Development Bank (NDB) is a multilateral development bank (MDB) established by Brazil, Russia, India, China and South Africa (BRICS) with the objective of financing infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. NDB’s work complements the efforts of multilateral and regional financial institutions, toward global growth and development.

Our work is centered around maximizing the impact of development in a fast, flexible and efficient manner. To catalyze the kind of development we envisage, we are always keen to listen, learn and collaborate with other MDBs, governments, financial institutions and social organizations.

To fulfill its purpose, the Bank supports public or private projects through loans, guarantees, equity participation and other financial instruments.

Our headquarters is in Shanghai, China. The geographic distribution of NDB’s operations is becoming increasingly balanced as the Bank develops its capacity to identify and prepare projects in all member countries. The first regional office of NDB – the Africa Regional Centre (ARC) – was opened in Johannesburg, South Africa, in August 2017. In July 2019, NDB began to build the Americas Regional Office team, based in São Paulo, Brazil, with a sub-office in Brasília. NDB and the Government of Russia signed the Agreement on the Hosting of the NDB Eurasian Regional Centre in Moscow, Russia on the sidelines of the 11th BRICS Summit in Brasília in November 2019.