Budget Associate

4 weeks ago

Singapore Asian Infrastructure Investment Bank Full time
Budget Associate / Officer 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 109 approved Members worldwide. We are capitalized at USD100 billion and AAA rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients' needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
AIIB also performs the role of Administrator of the Multilateral Cooperation Center for Development Finance (MCDF) that is a multilateral financial mechanism designed to promote high-quality infrastructure and connectivity investments in developing countries.
The Strategy, Policy and Budget (SPB) Department is responsible for: (i) developing and monitoring the implementation of the Bank's Corporate Strategy; (ii) developing and overseeing compliance with the Bank's operational policies and procedures for the Bank's infrastructure investment portfolio (non-treasury); and (iii) formulating and managing the Bank's administrative and capital budget to support the implementation of the annual business plan and strategic agenda.
SPB is recruiting a Budget Associate/Officer for its Budget Unit to support AIIB's administrator role of MCDF and function (iii) above.

Responsibilities:
  • Lead the coordination work of AIIB's administrator role of MCDF
  • Update policies and procedures related to MCDF Administrator by working closely with other units within SPB and other relevant departments
  • Coordinate within AIIB to host the MCDF Secretariat, e.g., financial statements, cost recovery, internal/external audit, fund transfers and investments.
  • Provide budget management advice and support to MCDF Secretariat, including cost recovery and budget planning, execution and reporting.
  • Coordinate the MCDF contribution arrangements with the Contributors.
  • Coordinate the MCDF Implementing Partner Agreements with International Financial Institutions (IFIs) Implementing Partners.
  • Maintain the MCDF Administrator IT system
  • Lead or participate in project works related to budget management such as special fund cost/fee arrangement, expenditure review, business process optimization and system enhancement, etc.,
  • Collaborate with team members to support AIIB's budget cycle, from strategic planning and resource allocation to execution and performance evaluation
  • Perform other tasks related to MCDF Administrator and budget management as required.

Requirements:
  • Minimum Bachelor's degree in finance, accounting, business management, data or relevant fields from a reputable university
  • Minimum 3-5 years (for Associate) or 5-8 years (For Officer) of finance planning and analysis (FP&A) and/or financial accounting experience with increasing responsibilities in supporting management of large operational budget or cost base
  • Experience of managing/administering special funds or trust funds in a Multilateral Development Bank is preferred
  • Outstanding analytical, coordination and stakeholder management skills, demonstrated by proven record of managing cross functional project involving internal and external stakeholders
  • Solid knowledge in financial and management accounting. CPA/CFA/CIMA designation is preferred
  • Enjoy working in a highly motivated team that continuously strives for excellence
  • Strong written and verbal communications skills in English

AIIB is committed to diversity, transparency and inclusion. We believe our strength comes from having a team with the right diverse skills, experiences and abilities selected through a merit-based competitive process. We actively encourage applications from people from both within and outside AIIB Members, 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.

ALL CURRENT VACANCIES * Closing Date: All opportunities close at 11:59 p.m. (GMT+8) on the dates listed.
** Job Type: Recruitment of staff is conducted through a merit-based competitive selection process. AIIB shall strive to provide employment opportunities open to all suitably qualified applicants, regardless of religion, gender, race, disability, sexual orientation or nationality.

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