Financial Management Specialist
Local Appointment,Sierra Leone and Liberia
The World Bank is looking for a Financial Management Specialist (FMS) who is a professional accountant (CPA, CA or equivalent), with a relevant bachelor’s degree in accounting, business, finance or economics, and at least 5 years of relevant experience in financial management (FM).
The FMS will report to the Regional Financial Management Manager (RFMM) who is part of the core team Africa Region Operational Services Team in Washington, DC.
The FMS will work
from the World Bank Country Offices in Sierra Leone / Liberia, and assist in
all financial management (FM) aspects related to the World Bank’s lending
operations to its clients.
The FMS will perform
as a member of the various Task Teams of the World Bank financed projects, and
in addition lead special purpose initiatives.
Duties and Accountabilities
The FMS is expected to assume the following duties and responsibilities:
- Assess the
adequacy of the Borrower’s project financial management systems and their
ability to manage and monitor World Bank financed projects. This includes
budgeting, policies and procedures, internal controls, accounting,
financial reporting and auditing;
- Carry out
supervision work to ensure that projects financial management systems are
functioning appropriately, including the review of periodic interim
financial reports;
- Assess the
selection and engagement of auditors, ensuring their suitability including
their independence, and competence to perform; and ensure that the
borrower provides
auditors with all the relevant information (including Terms of Reference and Bank requirements) necessary to carry out their engagement; - Review audited
financial statements received, monitor the Borrower’s compliance with
financial covenants including audit compliance, ensure adequate
communication with the Borrower and the project implementing agencies with
respect to audits and advise as appropriate;
- Provide advice
and support to Borrower and the World Bank Task Teams on matters affecting
financial management;
- Provide
financial management guidance for the development of technical assistance
programs and evaluate and monitor their implementation;
- Provide guidance
and advice to borrowers and Bank staff on capacity building in projects
and with public sector accountability institutions;
- Assess the
financial and operational viability of implementing entities (e.g. with
respect to revenue earning entities), and to advise on the design and use
of financial performance covenants;
- Monitor
implementation of the agreed action on Public Financial Management, and
provide technical advice to the Government in the implementation of reform
actions;
- Complete/update
country financial management strategy; Selection Criteria:
The FMS should be a professional accountant (CPA, CA or equivalent) with preferably a Master’s degree in accounting, business, finance or economics, and a minimum of 5 years of post-qualification experience in financial management.
Also, the ideal
candidates should have:
- Knowledge of
International Accounting Standards and International Standards on
Auditing;
- Experience and
in-depth familiarity with public sector financial management (highly
desirable);
- Experience with
internal audit and internal control systems and procedures (including
familiarity with COSO), with the ability to assess such systems and
recommend remedial action where necessary;
- A good
understanding of the review of financial statements including statements
which link financial to non-financial information;
For the FULL job
description and selection criteria for this vacancy, qualified candidates are
requested to visit and submit an electronic application at the World Bank
careers website: www.worldbank.org/careers.
Once on the site,
Click on> Current Job Openings>Job Title >Financial Management
Specialist > Job Family>Financial Management >Job Type>Professional
& Technical>Job number> 131433 forLiberia ; 131434 forSierra LeoneThe
World Bank Group is committed to achieving diversity in terms of gender,
nationality, culture and educational background.
Individuals with
disabilities are equally encouraged to apply.
Only shortlisted
candidates will be contacted. Closing date is July 4, 2013.
