|Date Posted:||Jun 3, 2017|
|Closing Date:||Jun 15, 2017|
|Work Type:||Full Time|
|Number of Vacancies:||1|
|Salary Range:||As per NTA salary scale policyNone|
|Years of Experience:||7 Years|
|Contract Duration:||Not specified|
|Probation Period:||3 months|
Under the overall guidance of the WEE-NPP Program Director, the specialist is responsible for ensuring the highest efficiency in financial resources management and the provision of accurate, thoroughly researched and documented financial information, effective delivery of financial services and transparent utilization of financial resources. He/she analyzes and interprets the financial rules and regulations and provides solutions to a wide spectrum of complex financial issues.
The Specialist will support the WEE-NPP management in overall financial management and timely reporting for WEE-NPP activities undertaken by MoLSAMD as well as other line ministries .
Duties & Responsibilities:
1. Ensure that all project’s financial records are maintained in organized manner.
2. Financial analysis and oversight of all resources managed by the WEE-NPP.
3. Proper planning, expenditure tracking , including extra-budgetary income in accordance with government rules and regulations.
4. Monitoring of financial exception reports for unusual activities, transactions and investigation of anomalies or unusual transactions.
5. Working with the Team Leader and the World Bank, prepare financial management inputs for a project preparation grant (PPG) and subsequent project financing from the World Bank, as well as an Operations Manual detailing WEE-NPP financial management procesures in accordance with both WB and GoIRA rules, regulations and policies.
6. Develop a Financial Management system and make sure program budgeting is captured in this system
7. Design an effective financial management follow ups systems
8. Ensure financial accountability for the WEE-NPP program.
9. Evaluate budgetary units’ budget requests performance and costing information and making corresponding recommendations for improvements
10. Provide scheduled analysis of and reporting on budget allotments of WEE-NPP program
11. Full compliance of financial activities, financial recording/reporting system with World Bank and GoIRA rules, implementation of effective internal control, and proper design and functioning of the financial resources management system.
12. Preparation and monitoring of budgets; regular analysis and reporting on the budget approvals and the delivery situation.
13. Elaboration of proper mechanisms to eliminate deficiencies in budget management.
14. Submission of financial reports on quarterly and annual basis to Team Leader, DM Labour and MoF, and whenever necessary
15. Continuous analysis and monitoring of the financial situation, presentation of forecasts for development and management program.
16. Elaboration and implementation of cost saving and reduction strategies.
17. Preparation of annual and quarterly budgets that support the annual and quarterly work plans of the unit.
18. Prepare and submit quarterly interim financial reports (IFRs) to the World Bank on time.
19. Presentation of researched information for planning and status of financial resources of the WEE-NPP
20. Collect, aggregate, and report financial data from all programmes implemented by line ministries relating to WEE-NPP
21. Develop financial reports and briefings on all programs expenditures relating to WEE-NPP and predict project progression in order to provide precautionary measures by line stakeholders
22. Ensure compliance with operating procedures of the government and the World Bank, including timely submission of Interim Financial Report acceptable to the bank. Develop and implement capacity building plan for FM civil servant staff.
Having at least Master’s or its equivalent degree with 5 years working experience or having Bachelor’s degree with 7 years relevant experience with a Government developmental projects or donor funded projects and any national or international NGO in supporting financial management and accounting activities related to procuring goods, works and services
Sound knowledge and understanding of World Bank and/or the Government’s financial management guidelines and procedures is preferable
Broad knowledge of and linkages between the key areas of the budget and accountability cycle including; budget planning, preparation, execution, and revenue management including taxation.
Specialized certification in Accounting and Finance.
Preference will be given to ACCA qualified and highly competent female applicants.
The incumbent must have proficient knowledge in the following areas:
- Able to work without close supervision and take initiative in his/her own area of responsibility
- Excellent knowledge of Financial management practices (Governmental & non-governmental)
- Ability to be administratively self-sufficient and work in challenging operational environment and a small, dynamic unit with limited resources
- Transparent, honest and accountable
IV. Timeframe and duration of the assignment
The assignment duration will be 6 months from the start date. The contract might be extended based on a satisfactory performance, project extension and the final approval of the Project Preparation Grant-PPG. The contract is also subject to 3 Months probationary period.
Reporting and Supervision:
The Senior Finance Specialist will report to MoLSAMD WEE-NPP’s Program Director.
The contact will be between the Senior Finance Specialist and MoLSAMD