2023-06-04

Financial Management Specialist – Ministry of Communications and Technology (Individual Consultant) – Mogadishu, Somalia

Mogadishu, Somalia
Posted on June 4, 2023

Federal Government of Somalia (FGS)

Financial Management Specialist – Ministry of Communications and Technology (Individual Consultant) – Mogadishu, Somalia

Background:The Republic of Somalia has received financing from the World Bank towards the cost of the Eastern Africa Regional Digital Integration Project (EA-RDIP) project; and intends to apply part of the proceeds of the above project to finance the position of the Financial Management Specialist (Individual Consultant) for Ministry of Communications and Technology

2 Responsibilities: The Financial Management Specialist Will Ensure that disbursements are made in accordance with approved annual budgets and work plans together with the Project management; Ensure that all payments are done in accordance with good accounting practices and in line with the project objectives and financing agreement; Maintain all accounting records in line with approved accounting standards and in line with the World Bank’s and Government’s regulations; Ensure prompt release of funds once approved to beneficiaries; Ensure that required accounting and submissions of returns by beneficiaries who receive advances are fully supported, complete, accurate and timely; Prepare monthly bank reconciliations for the project bank accounts, including designated and project accounts Prepare Unaudited Quarterly Financial Reports (IFRs) and Annual Financial Statements for all Project Funds are prepared and analyzed according to the categories and project components as appropriate, and provide timely reporting of any material variances; Liaise with the external auditors in carrying out the annual audits of the project; Working with other project staff, prepare annual work plans and budgets. In addition, review all aspects of the Project work plans and budgets based on the results of operations and changing economic conditions and recommend corrective measures to the management; All other specific tasks detailed in the Terms of Reference (TOR) for the assignment that can be found at the following website: https://moct.gov.so/en/wp-content/uploads/2023/05/ToR-Financial_Management-ER-DIP-1.pdf

Duration:The proposed duration for the assignment is Twelve Months (12) calendar months from starts date.

Skills and Qualifications

Selection Criteria: The selection shall be based on qualification, experience and skills of the candidate and followed by an interview. The qualifications, experience and competencies include:
1. Degree in accounting, finance or business administration (accounting);
2. Professional qualification in financial management, registered by and attained final qualification of any financial management related recognized professional body e.g. CIPFA IPFM, ACCA, CPA etc.;
3. At least 5 years of experience in audit or financial management;
4. Preferably at least 2 years of post-qualification experience in financial management directly relevant to public sector and/or international development organization;
5. Experience of project financial management in a developing country; experience in a fragile state is preferable;
6. Excellent written and oral communication skills in English, to deliver technical financial documents, and reports; candidates familiar with Somali language will have an added advantage;
7. Excellent computer skills in Microsoft Office tools (Word, Excel, and PowerPoint) and Internet use, including database use is required.
8. Familiarity with public sector financial management would be a distinct advantage.
9. The Ministry of Ministry of Financenow invites eligible consulting (“Consultants”) to indicate their interest in providing the above-mentioned Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services and furnish the Curriculum Vitae (CV).
10. Attention of interested Consultants is drawn to section III, para 3.14,3.16 & 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers: Procurement in Investment Projects Financing Goods, Works, Non -Consulting and Consulting Services dated in November 2020 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.
11. A Consultant will be selected in accordance with the Individual Consultant method set out in the World Bank Procurement Regulations.
12. Interested Consultant may obtain further information (in person or by e-mail) at the address below during office hours from 8.00 a.m.– 4.00 p.m. Saturday to Thursday except on public holidays.

How to apply

Deadline for submission:Expressions of interest should be delivered in a written form to the address below (in person, or by e-mail) by 18th June 2023 4:00PM. local Time.

Attention

Project Coordinator, SCALED-UP Project,

Ministry of Finance, Federal Government of Somalia, Shangani District, Mogadishu, Somalia

Email Address: bid.scaledup@piu.mof.gov.so

Copy E-mail: dg@moct.gov.so

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