25 May 2017

Financial Management Specialist Job Placement - World Bank

Job Title:          Financial Management Specialist
Organization: World Bank
Duty Station: Kampala, Uganda
Reports to: Practice Manager
Job #: 171010

About World Bank:
The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. It uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth, and improve quality of life. To ensure that countries can access the best global expertise and help generate cutting-edge knowledge, the World Bank Group is constantly seeking to improve the way it works. Key priorities include delivering measurable results, promoting openness and transparency in development, and improving access to development information and data.

Job Summary: The Financial Management Specialist will assist in carrying out financial management (FM) work in respect of projects financed by the World Bank Group and also assist in advisory and technical assistance tasks. This will include, but is not limited to, assessing the adequacy of project financial management arrangements for new and ongoing projects; monitoring compliance with the Bank’s audit and fiduciary requirements; ensuring that WBG-financed project operations are carried out in accordance with applicable FM policies, procedures, and instructions; and supporting analytical work on FM and public financial accountability.

Key Duties and Responsibilities:  
  • The incumbent will carry out FM assessments for new projects and FM supervision assessments for ongoing projects covering project budgeting, internal controls, accounting, treasury/funds flow, financial reporting, and auditing arrangements including adequacy and suitability of project FM staff.
  • Regularly monitor on-going compliance by projects with the Bank’s FM policies and procedures.
  • Keenly monitor borrower's compliance with financial covenants including audit.
  • Conduct internal control reviews and Statement of Expenditures (SOE) reviews, in conjunction with disbursement and procurement staff, to determine eligibility of expenditures for Bank financing.
  • Review periodic Interim Financial Reports (IFR).
  • Review annual audited financial statements, audit reports, and audit management letters and prepare appropriate letters for communication with the project implementing agencies.
  • Update the Bank’s automated PRIMA system on a timely basis.
  • Provide inputs into diagnostic work in Public Financial Management (PFM), Systematic Country Diagnostics (SCD), and Country Partnership Frameworks (CPF).
  • The jobholder will assess audit firms/ auditors in terms of independence, competence, compliance with International Audit Standards, adequacy of working papers etc.
  • Provide training, guidance, and advice on FM related aspects to the staff of project implementing agencies and Bank Task Teams.

Qualifications, Skills and Experience:
  • The applicant for the World Bank Financial Management Specialist job placement should hold be a qualified professional accountant (CPA, CA or equivalent membership of an internationally recognized professional accounting institute) with a Bachelor’s degree in accounting, business, finance, economics or related subject
  • A minimum of five years of post-professional-qualification experience in auditing or financial management.
  • Familiarity with public sector financial management would be a distinct advantage.

How to Apply:
All suitably qualified and interested candidates who wish to join the World Bank in the aforementioned capacity are encouraged to send their applications Online by reviewing details at the web link below and clicking Apply Now on getting a broader insight of vacancy.

Deadline: 31st May 2017

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