Financial Management Specialists
Short Term Consultants
Location: Nairobi, Kenya
The World Bank Country Office in Kenya is looking for 4 Short Term Consultants (STCs) to be hired as as Financial Management Specialists (FMS) to be based in Nairobi, Kenya.
Short Term Consultants (STCs) at the World Bank are paid on a daily basis for actual days worked.
The STC appointment can be for any length of time as long as the STC does not exceed 150 days per fiscal year.
The Short Term Consultant, Financial Management Specialists (STC-FMS) will report to the Senior Financial Management Specialist and Cluster Leader (CL-FMS) based in Washington DC.
The STC-FMS will work from the World Bank Country Office in Nairobi, and assist in all financial management (FMS) aspects related to the World Bank’s operations under the supervision of the two Financial Management Specialists (FMSs) based in Nairobi.
The STC-FMS will perform as a member of the various Task Teams of the World Bank financed projects, and in addition lead special purpose initiatives.
The specific duties and responsibilities of the STC-FMS will be agreed with the CL-FMS.
The STC-FMS will work under the close supervision of an FMS and will contribute to the following tasks:
(i) 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;
(ii) Assist the Borrower and the World Bank Task Team members on financial management requirements, including monitoring and reporting issues;
(iii) 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;
(iv) 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 the Bank’s own requirements) necessary to carry out their engagement;
(v) Assesses periodic project financial management reports on financial performance and compliance with financial covenants;
(vi) Reviews interim financial reports and audited project/entity financial statements, monitors borrower compliance with financial covenants including audit compliance, ensures adequate communication with borrowers in respect of audits and enters data on auditing and accountability issues in the Audit Reports Compliance System; and other activities as agreed with the CL-FMS.
The successful candidate should have a Bachelors degree in accounting, business, finance, economics, or related subject and at least 3 years of relevant experience.
A professional accountancy qualification (CPA, CA or equivalent) is desirable.
In addition, the candidate should have:
(i) Knowledge of the application of accounting, auditing and financial reporting systems and software packages;
(ii) Ability to review, analyze and evaluate financial statements and audit reports in diverse sectors and circumstances;
(iii) Knowledge of International Financial Reporting Standards, International Public Sector Accounting Standards and International Standards on Auditing;
(iv) Experience with internal control systems and procedures (including familiarity with COSO), with the ability to assess such systems and recommend remedial action where necessary;
(v) Proven analytical and problem-solving skills and a proven ability to apply these in gathering, recording and summarizing financial and other operational data;
(vi) Experience in auditing and knowledge of what to do with respect to qualified audit reports and matters arising from management letters;
(vii) Capacity to function as a member of a diverse, multi-disciplinary team in a matrix and decentralized environment;
(viii) Ability to work flexibly on a range of assignments, adjust to and prioritize a variety of complex evolving tasks and under pressure to meet deadlines;
(ix)Effective interpersonal skills to work with colleagues, clients and donor counterparts;
(x) Recognized as a results-oriented team player who is adaptable to changing business needs, takes initiative, can work independently and is capable of contributing to a diverse set of activities; and
(xi) Ability to communicate effectively, in writing and orally, in English.
(x) Willingness to travel frequently
Qualified candidates should submit an application to the email address JobsKenya@worldbank.org for this job advertisement.
The closing date for receipt of your electronic application is end of day April 20, 2012.
Only short listed candidates will be contacted.
The World Bank Group is committed to achieving diversity in terms of gender, nationality, culture and educational background.
Individuals with disabilities are equally encouraged to apply.