Job # 102313
Job Title Sr Financial Management Specialist
Job Family Financial Management
Location Yaounde, Cameroon
Appointment Local Hire
Job Posted 23-Nov-2010
Closing Date 14-Dec-2010
Language Requirements English [Essential]; French [Essential]
Appointment Type
Background / General description

The Senior FMS will report to the Regional Manager for Financial Management (RMFM) and will be part of the regional financial management team. As an experienced staff member, she/he will perform the full range of duties with minimal supervision and works independently on complex problems, in terms of: meeting work-program targets (operational financial management for project preparation and supervision; fiduciary oversight; capacity-building and country-based fiduciary and development tasks, as well as ESW/AAA activities), assuring adequate quality, relevance and timeliness of inputs/outputs, as well as providing the necessary guidance and coaching to more junior members of the team.

Duties and Accountabilities

The specific duties and responsibilities of the Senior FMS will be agreed with the Manager and will include the following operational tasks:
 Provide substantive technical input into policy and strategic work in the field of FM – e.g. providing inputs to the CAS, etc. and for high visibility, politically sensitive projects.
 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 periodic review of project financial management reports for financial performance;
 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.
 Working with other World Bank colleagues, play a leadership role in carrying out diagnostic work in the field of public and private sector financial management, formulating policy recommendations, and working with country authorities to implement agreed reforms
 Carry out the fiduciary aspects of new areas of business and provide relevant information on country specific issues to country units, sector staff and task teams on generic country specific financial management and disbursement issues
 Take a proactive role in working in and defining practice in the new areas of business and operational approaches– e.g. DPC, programmatic lending; sector wide programs involving donors jointly funding through the consolidated fund of Government, and decentralization to local governments; other financial management sector work e.g. anti-corruption, governance, new lending products.
 Develop strategies for harmonizing FM/disbursement approaches with other donors, playing a leading role in departmental or institutional task forces on developing and implementing policies and practices, fiduciary safeguards and the efficiency and effectiveness of business processes.

Selection Criteria

 Relevant degree plus membership of an internationally recognized professional accounting institute (CPA, CA or equivalent), with a minimum of 8 years of post-qualification experience. Given the strong public sector focus of this position, the qualifications at this level may be substituted to require an Advanced Degree in a relevant discipline (e.g. Public Sector Finance, etc.), together with relevant professional public sector experience. In these cases the requirement for a professionally licensed accounting qualification would be desirable not essential
 Knowledge of International Accounting Standards and International Standards on Auditing. Knowledge of current issues in FM, particularly relating to the public sector.
 Experience in designing and assessing internal control systems and procedures using internationally accepted control frameworks such as COCO.
 Strong experience in conducting fiduciary and PFM diagnostic and implementing reforms in this area. Ability to understand cross-cutting issues beyond FM/disbursement (e.g., procurement, governance, public sector management) at sector/country level.
 Experience in advising clients on the design and implementation of FM systems, including financial and management reports. Proven ability to conceptualize, design and implement FM capacity building initiatives.
 Experience in conducting audits, assessing auditor competence, and following up on issues raised by the audits.
 Experience in evaluating financial and project management reports and determining remedial actions to be taken by the Bank or borrower.
 Knowledge in the application of accounting, auditing and financial reporting systems and software packages. Good understanding of information systems and the application of new technology.
 Experience in financial statement analysis, their use in comparison with industry benchmarks and their application to particular circumstances.
 Ability to communicate effectively, in writing and orally, including situations requiring negotiation with Borrower representatives.
 Demonstrated ability to integrate sector specific knowledge with broader operational strategy and policies;
 Demonstrated ability to function as a team leader and to work collaboratively with various client stakeholders, including country teams and colleagues, government officials, and other donors; to search for common ground and where appropriate to recommend decisive action.
 Ability to deal sensitively in multi-cultural environments and discuss politically charged issues with confidence and finesse; to inspire trust and confidence in clients and colleagues at all levels; willingness to travel and to work flexibly on a range of assignments, and adjust to and prioritize a variety of complex evolving tasks

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