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:
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,
lending portfolio,
(ii) operational support and sound management of
the Region’s portfolio in the area of financial management,
the Region’s portfolio in the area of financial management,
(iii) policy advice to Government on financial
management and accountability issues and
management and accountability issues and
(iv) capacity building to improve borrowers’
financial management systems.
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.
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 .
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.
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:
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.
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
SELECTION CRITERIA
Also, the
ideal candidates should have:
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