World Bank Financial Management Specialist Job Vacancy in Nigeria

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.

Financial Management Specialist

JOB #131434
JOB TITLE: Financial Management Specialist
JOB FAMILY: Financial Management
JOB TYPE: Professional & Technical
GRADE: GF
LOCATION: Freetown, Sierra Leone
RECRUITMENT TYPE: Local Hire
LANGUAGE REQUIREMENT: English [Essential]

DUTIES AND ACCOUNTABILITIES:
The FMS is expected to assume the following duties and responsibilities:
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 on Public Financial Management, 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.

COMPETENCIES
Budget Formulation and Execution – Able to perform assessments, provide advice
and contributes to capacity building on budget formulation and execution
processes at the project level.
Financial Management Information Systems – Has solid 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 – Possesses ability to
perform assessments, provide advice and contribute to capacity building on
internal control and internal audit arrangements/reports at the project level.
Accounting and Financial Reporting – Has solid understanding of the individual
IFRSs, IPSAS, or comparable national standards; performs assessments, provides
advice and contributes to capacity building on accounting and financial
reporting at the project level.
External Audit and Oversight – Able to perform assessments & contribute to
capacity building on external audit arrangements at the project level,
including terms of reference & content engagement letters for auditors of
Bank funded operations for financial and performance audits.
Financial Management –Reforms/Development and Integration – Able to implement
the Bank’s Financial Management risk model at the project level; under senior
staff guidance, performs assessments and contributes to capacity building on
PFM reforms/regulations.
Bank Instruments, Policies, Procedures, and Systems – Fully familiar with Bank
Instruments, Policies, Procedures and Systems (including safeguards, FM and
procurement)
Portfolio Management (OS) – Analyzes and identifies portfolio cross-cutting
issues; provides guidance to country/sector teams on quality of operations and
portfolio performance.
Analytical and Technical Skills, Operational Strategy Development & Advice
– Expertise in particular Bank Network recognized Sector or Theme
FM Sector Dialogue and Policy Advice – Possesses solid knowledge of financial
sector including the core elements of a client sector policy, strategy and
expenditure programs.
Operational Project Management – Demonstrates broad knowledge of project
management tools & methodologies; identifies key risks and mitigation
measures; interprets background analysis and proposed solutions.
Knowledge of FCS Context – Applies a foundational knowledge of fragility,
conflict and violence to operations and analytical tasks including the impacts
of violence and conflict, polarization of state-society relations, diminished
client capacity, relevance of partnerships, etc.
FCS Behavioral Skills – Quickly adopts the mind-set needed for success in FCS
settings: adaptability, resilience, determination, sound judgment, etc.
FCS Operational Skills – Implements a pragmatic approach to FCS operations.
Avoids overly complex solutions in favor of approaches that are fit to FCS.

FCS Policies, Tools and Instruments – Has experience with at least two of the
primary tools or instruments used in FCS settings: post-conflict needs
assessment, transitional results framework, OP8.00 / OP7.30 / OP2.30, conflict
assessments, political economy analysis, etc.
Client Orientation – Takes personal responsibility and accountability for
timely response to client queries, requests or needs, working to remove
obstacles that may impede execution or overall success.
Drive for Results – Takes personal ownership and accountability to meet
deadlines and achieve agreed-upon results, and has the personal organization to
do so.
Teamwork (Collaboration) and Inclusion – Collaborates with other team members
and contributes productively to the team’s work and output, demonstrating
respect for different points of view.
Knowledge, Learning and Communication – Actively seeks knowledge needed to
complete assignments and shares knowledge with others, communicating and
presenting information in a clear and organized manner.
Business Judgment and Analytical Decision Making – Analyzes facts and data to
support sound, logical decisions regarding own and others’ work.

SELECTION CRITERIA:
The FMS should be a professional accountant (CPA, CA or equivalent) with
preferably a Masters degree in accounting, business, finance or economics, and
a minimum of 5 years of post-qualification experience in financial management.
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
(highly desirable);
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;
Knowledge of Government Integrated Financial Management Information Systems
(desirable)
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;
Ability to communicate effectively, in writing and orally, in English and to
negotiate substantive and difficult issues with senior government officials;
and
Demonstrated ability to deal with complex analytical and strategic work;
process coordination; and interpersonal skills with the ability to work
independently with the clients

The FMS should be willing to travel frequently.

TO APPLY
Visit www.worldbank.org/careers, to apply.

DUE DATE: 04-Jul-2013