World Bank Financial Management Specialist Job Vacancy in Kigali, Rwanda

Closing Date: Sunday, 23 June 2013 
Background / General description:
The World Bank’s East and Southern Africa Financial
Management unit (AFTME) is a part of The Africa Region’s Operational Services
Department (AFTOS), which is instrumental to the implementation of the World
Bank’s Africa Strategy. AFTME advises and supports Regional Management and
staff on financial management in operations. Specifically, AFTME, which covers
23 countries in East and Southern Africa, is responsible for:
(i) the fiduciary aspects of the Region’s overall
lending portfolio,
(ii) operational support and sound management of
the Region’s portfolio in the area of financial management,
(iii) policy advice to Government on financial
management and accountability issues and
(iv) capacity building to improve borrowers’
financial management systems.
The FMS should be a professional accountant (CPA,
CA or equivalent) with preferably, a Masters degree in accounting, business,
finance, economics or related subject, and should have at least 5 years of
direct relevant experience in financial management (FM). A high level of
expertise and experience in public sector accounting, auditing and overall
public financial management (PFM) policy dialogue is desired. 
The FMS will report to the Regional Financial
Management Manager (RFMM) – East and Southern Africa and will be part of the
financial management team of the Africa Region, Financial Management East and
Southern Africa Unit (AFTME). (S)he will be fully operational, with minimal
supervision, in all FM aspects related to the World Bank’s operations in Rwanda
and possibly other countries in the Region. This will include, but is not
limited to: performing analytical work on financial management and
accountability issues in support of building client capacity, supporting other
task teams on PFM aspects of AAA and capacity development, performing
analytical work on Corporate Financial reporting and accounting and auditing
issues, assessing the adequacy of project financial management arrangements,
participating in supervision of projects financed by grants/credits/ loans;
ensuring compliance with the Bank’s audit and fiduciary requirements, ensuring
that the project operations are carried out in accordance with sound financial
management practices, and being a task team leader or task team member of
capacity building programs in Rwanda and in the region. (S)he will work with
the Rwanda Country Management Team . 
Note: If the selected candidate is a current Bank
Group staff member with a Regular or Open-Ended appointment, s/he will retain
his/her Regular or Open-Ended appointment. All others will be offered a 2 year
term appointment. 
Duties and Accountabilities:
The specific duties and responsibilities of the FMS
will be agreed with the Manager and will include the following:
  • Assess the adequacy of the Borrower’s project
    financial management systems and their ability to manage and monitor World
    Bank financed projects. This includes budgeting, policies and procedures,
    internal controls, accounting, financial reporting and auditing;
  • Carry out supervision work to ensure that
    projects financial management systems are functioning appropriately,
    including the review of periodic interim financial reports;
  • Assess the selection and engagement of
    auditors, ensuring their suitability including their independence, and
    competence to perform; and ensure that the borrower provides auditors with
    all the relevant information (including Terms of Reference and Bank requirements)
    necessary to carry out their engagement;
  • Review audited financial statements received,
    monitor the Borrower’s compliance with financial covenants including audit
    compliance, ensure adequate communication with the Borrower and the
    project implementing agencies with respect to audits and advise as
    appropriate;
  • Provide advice and support to Borrower and the
    World Bank Task Teams on matters affecting financial management;
  • Provide financial management guidance for the
    development of technical assistance programs and evaluate and monitor
    their implementation;
  • Provide guidance and advice to borrowers and
    Bank staff on capacity building in projects and with public sector
    accountability institutions;
  • Assess the financial and operational viability
    of implementing entities (e.g. with respect to revenue earning entities),
    and to advise on the design and use of financial performance covenants;
  • Monitor implementation of the agreed action
    plans for the Country Level diagnostics ad economic and Sector work,
    Reports on Standards and Codes – Accounting and Auditing; and provide
    technical advice to the Government in the implementation of reform
    actions;
  • Complete/update country financial management
    strategy; and
  • As requested by the RFMM, undertake other FM
    activities, as appropriate.
Selection Criteria:
The FMS should be a professional accountant (CPA,
CA or equivalent) with preferably, a Masters degree in accounting, business,
finance, economics or related subject, and should have at least 5 years of
direct relevant experience in financial management (FM). A high level of
expertise and experience in public sector accounting, auditing and overall
public financial management (PFM) policy dialogue is desired. 
COMPETENCIES
  • Budget Formulation and Execution –
    Demonstrates in depth knowledge of budget comprehensiveness, processes,
    classifications, documentation, directives, treasury and cash management,
    and the links and impacts of the budget in Bank’s financing and project
    implementation.
  • Financial Management Information Systems – Has
    in-depth understanding of Financial Management Information Systems with
    ability to perform assessments, provide advice and contribute to capacity
    building on matters at the project level.
  • Internal Controls, Internal Audit, and Risk
    Management – Has in-depth knowledge to implement assessments of internal
    audit bodies, adoption of internal audit standards, risk-based internal
    audit approaches, and measures to increase the value proposition of
    internal audit for management and risk management.
  • Accounting and Financial Reporting –
    Demonstrates thorough understanding of the individual IFRSs, IPSAS or
    comparable national standards, the latest trends in the area of
    international accounting and financial reporting, and the principles and
    processes applied to standards development.
  • External Audit and Oversight – Demonstrates
    expertise in undertaking and analyzing financial and performance audits
    under a risk-based approach, and assessing auditor competence.
  • Operational Project Management – Demonstrates
    in depth knowledge and understanding of project management tools &
    methodologies, as well as of Bank instruments and processes related to
    project preparation & implementation, resource management, and
    stakeholder communications.
  • Client Orientation – Maintains client
    relationships in the face of conflicting demands or directions and
    provides evidence-based advice and solutions based on sound diagnosis and
    knowledge.
  • Drive for Results – Identifies the needed
    resources to accomplish results involving multiple stakeholders and finds
    solutions to obstacles affecting key deliverables.
  • Teamwork (Collaboration) and Inclusion –
    Ensuring the team stays organized and focused, and actively seeks and
    considers diverse ideas and approaches.
  • Knowledge, Learning and Communication – Leads
    in the sharing of best practice, trends, knowledge and lessons learned
    across units and with clients and partners, articulating ideas verbally
    and in writing in a clear and compelling way across audiences of varied
    levels.
  • Business Judgment and Analytical Decision
    Making – Gathers inputs, assesses risk, considers impact and articulates
    benefits of decisions for internal and external stakeholders over the long
    term.
OTHER
SELECTION CRITERIA
Also, the
ideal candidates should have:
  • Knowledge of International Accounting
    Standards and International Standards on Auditing;
  • Experience and in-depth familiarity with
    public sector financial management (desirable), or, alternatively, the
    ability to understand public financial management issues and to adapt
    financial management knowledge acquired in the private sector to the
    public sector context (essential);
  • Experience with internal audit and internal
    control systems and procedures (including familiarity with COSO), with the
    ability to assess such systems and recommend remedial action where
    necessary;
  • A good understanding of the review of
    financial statements including statements which link financial to
    non-financial information;
  • Experience in auditing, including assessing
    audit competence, and to the ability to analyze the impact of qualified
    audit reports and matters arising from management letters;
  • Understanding of management information
    systems and the application of new information technologies;
  • Capacity to function as a member of
    multi-disciplinary team, search for common ground, and where appropriate
    recommend decisive actions;
  • Demonstrated ability to deal with complex
    analytical and strategic work; process coordination; and interpersonal
    skills with the ability to work independently with the clients
  • An understanding of the AFR Region – the
    country conditions and opportunities – would be an advantage.
  • Ability to communicate effectively, in writing
    and orally, in English and to negotiate substantive and difficult issues
    with senior government officials. Willingness and ability to travel
    frequently.
How To Apply
To Apply CLICK HERE
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