Financial Management Specialist

World Bank, Bamako, Mali

Skill Required:, Corporate Social Responsibility (CSR)FundraisingTraining and Capacity Building
Preferred Experience: 
1 to 3 Years
Closing Date for Applications: 
14th February, 2020


Job Description

Description

We are on a mission to change the world; do you want to join us where it matters the most? Invest in your personal and professional development and acquire the skills that are vital for a global career in international development. A role in an FCS (Fragile and Conflict Affected Situations) location will be a truly impactful experience!

Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges

Regional context

While the overall business climate in Africa is the weakest in the world, several countries including some fragile states have made great strides in improving their environment for business. What is emerging as a result is a growing region, with setbacks from time to time, that is increasingly seen as a destination for investment as much as for aid; and one where leaders are increasingly willing to address problems of poor governance that harms development effectiveness. More information on Africa.

COUNTRY MANAGEMENT UNIT CONTEXT

The AFCW3 country management unit (CMU), covers 4 countries (Burkina Faso, Chad, Mali and Niger), and delivers Advisory Services and Analytics (ASA) and lending services to Chad, Burkina Faso, Mali and Niger which are all International Development Association (IDA) countries, with higher rate of poverty. AFCW3 is carrying out a strong program of core ASA products informing lending, with a focus on key structural reforms. Development Policy Operation (DPO) series are in place in all four countries.

GOVERNANCE GLOBAL PRACTICE (GP) CONTEXT

Our GP helps developing countries build capable, efficient, open, inclusive and accountable institutions that can support economic growth, reduce poverty, deliver needed services and earn the confidence of citizens. Our work encompasses public financial management, public procurement, civil service reform, open government, anti-corruption, and using technology to improve quality access to government services. 

You will be under the supervision of the GOV Practice Manager for the EA2G1 Unit (Cabo Verde, Gambia, Guinea Bissau, Mauritania, Senegal, Chad, Guinea Conakry, Mali, Niger, Benin, Burkina Faso, Cote d’Ivoire, and Togo) and will contribute to the implementation and development of the EA2G1 Unit’s lending and analytical program in AFCW3 countries (Chad, Burkina Faso, Mali and Niger), with a primary focus on Mali!

Job Duties and Responsibilities:

The specific duties and responsibilities of the FMS will be agreed with the Practice Manager Governance. He/she is expected to perform a full range of operational FM duties, working under the supervision of a more senior staff. He/she will take a leading role in the following tasks:

  •  Carry out FM assessments for new projects and FM implementation support for ongoing projects covering project budgeting, internal controls, accounting, treasury, funds flow, financial reporting, auditing arrangements and adequacy and suitability of project FM staff.
  •  Monitor on-going compliance by projects with the Bank’s FM policies and procedures.
  •  Monitor borrower’s compliance with financial covenants, including audit requirements.
  •  Conduct internal reviews and Statements of Expenditures (SOE) reviews, in conjunction with disbursement and procurement staff, to confirm eligibility of expenditures for Bank financing.
  •  Review periodic Interim Financial Reports (IFR)
  •  Review annual audited financial statement, audit reports and audit management letters, and prepare appropriate communication to project implementation agencies.
  •  Update the Bank’s automated PRIMA system on a timely basis.
  •  Provide inputs into diagnostic work in Public Financial Management (PFM), private sector accounting and auditing, Systematic Country Diagnostics (SCD and Country Partnership Frameworks (CPF).
  •  Assess audit firms/auditors in terms of independence, competence, compliance with international auditing standards, adequacy of working papers, etc.
  •  Provide training, guidance and advice on FM related aspects to external clients (borrowers and staff of project implementing agencies) and internal clients (Bank Task Teams, and CMU).
  •  Contribute to project and other portfolio and country documents in his/her area of work as needed.

Selection Criteria

  •  Fluency in both written and spoken French and English language is necessary.
  •  Willingness to travel frequently, sometimes at a short notice.
  •  Knowledge of International Reporting Standards (IFRS) and International Standards on Audit (ISA). Knowledge of International Public Sector Accounting Standards (IPSAS) and the International Standards of Supreme Audit Institutions (ISSAI) would be an added advantage.
  •  Experience in designing and assessing internal control systems using internationally accepted control frameworks such as COSO.
  •  Experience in evaluating financial management systems (including budgeting, accounting, cash management, internal audit and financial reporting systems).
  •  Experience in assessing auditor competence and independence.
  •  Experience in the design and implementation of computerized financial management systems.
  •  Experience in evaluating/interpreting financial statements and in determining appropriate remedial actions.
  •  Experience in evaluating audit reports and management letters.
  •  Demonstrated experience in fragile and conflict affected contexts
  •  Understanding of the budget formulation and execution processes, including treasury and cash management, as applicable to Bank-financed investment projects and public sector finance in general.
  •  Strong analytical capabilities and planning, organization and time management skills.
  •  Capacity to function effectively with limited supervision and as a member of a multi-disciplinary team, ability to search for common grounds to resolve problems.
  •  Ability to communicate effectively, in writing and orally, in French and English.
  •  Knowledge and experience in the development field and familiarity with World Bank operations will be a valuable advantage.

Source:-https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=5779&site=1


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