10 August 2017

Financial Management Specialist Job Placement - World Bank Skill Development Project (SDP)

Organization: Ministry of Education, Science, Technology and Sports
Project Name: Uganda Skill Development Project (SDP)
Funding Source: World Bank
Duty Station: Kampala, Uganda
Reports to:  Project Coordinator - ARSDP & USDP

About World Bank SDP Project:
The Government of Uganda applied for US$100,000,000 financing from the World Bank for the Skill Development Project (SDP) whose objectives to enhance the capacity of institutions to deliver high quality and demand driven training programs in the Agriculture, Construction and Manufacturing sectors. The purpose of SDP is to create a scalable model for high quality vocational and technical training which is linked to labor market needs ~or specific sectors. The model comprises of establishing Centers of Excellence (CoE) with a network of vocational institutions (with well- prepared students; well-trained faculty; high quality, relevant curricula; adequate facilities and equipment; teaching resources and assessment systems), and an institutional framework that encompasses development sector skill councils. The project will work with four colleges, 12 network institutes and will focus on three sectors of manufacturing, construction and agriculture. The Uganda SDP under Component 2 shall support Improving Quality and Relevance of Skills Development through upgrading three Uganda Technical Colleges (UTC) at (Lira, Elgon, and Bushenyi) and Agricultural College (Bukalasa) to CoEs, offering competency-based raining of high quality in low-level (artisans), medium-level (craftsman) and higher-level (technicians) skills demanded in selected trades/occupations in the manufacturing, construction, and agriculture sectors of the Ugandan economy.

Job Summary: The Financial Management Specialist will be tasked with performing financial Management functions of USDP and ARSDP Projects. The incumbent will manage and monitor all the financial activities of the project in line with the international and the Government of Uganda (GoU) financial regulations while ensuring compliance with the Local Education Group audit and fiduciary requirements, and performing analytical work on financial management and financial accountability issues.

Key Duties and Responsibilities:  
  • The incumbent will be responsible for developing financial plans and budgets for the project coordination unit in consultation with the Budgeting section in the MoES.
  • Managing disbursement of funds for project activities in line with project financial/budget and work plans and in liaison with the head of accounts at MoES
  • Tasked with the preparation of monthly, quarterly and annual financial reports as per the reporting requirements
  • Development and implementation of project internal controls for proper management of project financial and physical resources
  • Periodic evaluation of the project financial performance against the project objectives
  • Reporting periodically on financial program activities in line with the reporting guidelines
  • Tasked with the facilitation of the audit of the annual financial statements together with internal audits and reviews.
  • Perform the responsibilities of a Financial Management Specialist as a full member of a multi - disciplinary team for a variety of the IDA Project coordination Unit within the MoES operational and tactical tasks for both daily operations as well as analytical financial work.
  • Prepare justifications in form of a statement of ex-penditure for Special Account advances for PS/ES’s submission to the World Bank;
  • Steer the preparation of reviews and adhering to the Projects Implementation Documents and Operations Manuals;
  • Compile quarterly and annual budgets, monitor and report on financial trends and prepare replenishment applications to Government of Uganda and World Bank respectively as per the guidelines
  • Produce within agreed timeframes and in the standard formats, monthly financial statements and financial management reports to aid management decision making
  • Support the Head of Accounts in the preparation of quarterly and annual reports.
  • Implement adequate internal controls for management of project financial and physical resources to ensure effectiveness, efficiency and economic use of resources.
  • The jobholder will also evaluate the project financial performance against projected funding obligations for the determination of expenditure priorities and timely replenishment of funds
  • Manage disbursement of all project funds for project activities in accordance with the internal controls to ensure avoidance of fraud, and financial mismanagement
  • Coordinate the accounting and financial arrangements for the different components and categories of projects
  • Coordinate the timely annual financial audit and the value for money audit of the project
  • Guide and support the beneficiary colleges and Network Institutes under the project in financial management aspects to ensure compliance with underlying principles.

Qualifications, Skills and Experience:
  • The ideal candidate for the World Bank Project Financial Management Specialist vacancy should hold a Bachelors Degree in Commerce (Accounting), Business Administration (Accounting) Accounting, Finance from a recognized University.
  • Possession of a post graduate qualification in Financial Management, Business Administration or related field is an added advantage
  • The applicant must also have completed accreditation to professional bodies like ACCA or CPA.
  • A minimum of seven (7) years of practical experience in financial management or related accounting duties in a public or private institution.
  • At least three years’ exposure and experience in financial and accounting procedures of Government of Uganda, World Bank or other Multilateral Development Banks is an essential requirement.
  • Experience in finance and administration is an added advantage
  • Extensive knowledge of the Government of Uganda IFMS system is desirable.
  • Ability to prepare and interpret financial statements and books of accounts, including management accounts is required
How to Apply:
All candidates are encouraged to deliver their application letters, updated curriculum vita and photocopies of academic and professional certificates to the address below. Please clearly indicate the position being applied for on top of the envelope.

Commissioner Human Resource Management,
4th Floor, Embassy, Embassy House,
Ministry of Education, Science, Technology and Sports,
P.O. Box 7063 Kampala. Uganda

Deadline: 21st August 2017

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