Financial Management Specialist

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Description

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Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenge. The World Bank is seeking a highly motivated and experienced Financial Management Specialist to provide fiduciary assurance for the portfolio of World Bank-financed operations in Ghana. The successful candidate will play a critical role in providing financial management expertise and support to various projects and programs aimed at fostering economic development and improving public financial management in Ghana. Some support may also be required for Liberia and Sierra Leone.

Responsibilities

• Work as a core member of individual project teams, liaising closely with the Task-Team Leader(s), other team members, and government counterparts.
• Work as a core member of the Institutions team providing inputs to governance assessments and events and contributing to strategic discussions on financial management issues in the portfolio, public financial management issues in the country, and governance and anti-corruption risks more generally.
• Generate and exchange knowledge relating to FM issues.
• Ensures compliance with the OPCS FM policies, directives, and guidance, monitors the resolution of exceptions in the portfolio with the ADM FMS, and implement a capacity-building plan to strengthen FM country system.  
• The FMS may contribute to analytical work and technical assistance in public financial management.
• Review the ToR for project/program internal and external auditors and review the selection to ensure adequate competence of the proposed auditors. 
• Provide training and capacity-building support for project staff and counterparts in FM practices.
• Provide training and capacity-building support to implementing agencies project teams and stakeholders on FM-related matters.
• Regularly communicate and collaborate with project/program teams, government counterparts, and other stakeholders to ensure effective FM and accountability.
• Ensure timely execution and documentation of project/program payments and timely recruitment of external auditor prior to project closure. Identify any ineligible expenditure to be refunded to the Bank.
• Monitor and report on the financial performance of projects and programs to assure their compliance with WB FM policies and regularly assess project/program FM risks.  Continue to oversee that all risks are mitigated effectively, and residual risks are monitored.
• Participate in Implementation Support missions and identifying and advise the TTL(s) on addressing any issues or risks. Contribute to Aides Memoires.
• Contribute to Implementation Supervision Reports (ISRs) and regularly update the FM performance and FM risk ratings in the Financial Management system and operations portal. 
• Review project/program Interim Financial Reports (IFRs), Statements of Expenditure and other expenditure documentation, and audited annual financial statements.

Selection Criteria

• Master’s degree in Accounting, Finance, Business Administration, or a related field and/or professional accounting qualification (e.g., CPA, ACCA).
• At least 5 years of relevant experience in financial management of recipient-executed operations in the World Bank, other international development organizations, or governments; or as an auditor in the private sector or public administration. 
• Strong knowledge of financial management principles, practices, and standards.
•  Experience with financial management systems and software.
• Strong analytical, problem-solving, and communication skills.
• Ability to work effectively in a multicultural and multidisciplinary team environment.
•  Fluency in English.

Source: https://worldbankgroup.csod.com/ux/ats/careersite/1/home/requisition/32975?c=worldbankgroup&sq=req32975

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