Financial Management Specialist

Job description

The FMS is expected to assume the following duties and responsibilities: Assessing the adequacy of the borrower’s project financial management systems and 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 engagements. Review audited financial statement received, monitor the borrowers compliance with financial statements including audit compliances, ensures adequate communication with the borrower and the project implementating 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 guidance and advice to borrowers and bank staff on capacity building in projects and with public sector accountability institutions. Etc The FMS should be a professional accountant (CPA, CA or equivalent) with preferably a master’s 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 in 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. The world bank is looking for the financial management specialist (FMS) who is a professional accountant (CPA, CA or equivalent), with a relevant bachelor’s degree in accounting, business, finance or economics, and at least 5 years of relevant experience in financial management (FM). Public sector experience would be an advantage. The FMS will report to the Regional financial management manager (RFMM) who is part of the core team Africa Regional Operational services team in Washington, DC. The FMS will work from the World Bank country offices in Sierra Leone/Liberia, and assist in all financial management (FM) aspects related to the World Bank’s lending operations to its clients. The FMS will perform as a member of the various task teams of the World Bank financed projects, and in addition lead special purpose initiatives.