Job Title: Financial Management Specialist
Organization: World Bank
Duty Station: Kampala,
Uganda
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.
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.
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:
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:
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.
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
2017
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