 The World Bank is a vital source of financial and technical assistance to developing countries around the world. Our mission is to fight poverty with passion and professionalism for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge,building capacity and forging partnerships in the public and private sectors. Job # 102053 Job Title E T Consultant Job Family Financial Management Location Abuja, Nigeria Appointment Local Hire Job Posted 13-Oct-2010 Closing Date 10-Nov-2010 Language Requirements English [Essential] Appointment Type Background / General description The World Bank is looking for Extended Term Consultants (ETCs) in Financial Management (ETC-FM) to be based in Abuja, Nigeria. The ETC-FM will report to the Regional Financial Management Manager (RFMM) who is part of the core team Africa Region Quality and Knowledge Services Team in Washington, DC. The ETC-FM will assist in all financial management (FM) aspects related to the World Bank's operations under the direct supervision of Senior Financial Management Specialists (FMS) based in Abuja. Duties and Accountabilities The specific duties and responsibilities of the ETC-FM will be agreed with the RFMM. The ETC-FM will work under the close supervision of a Senior FMS and will contribute to the following tasks: • Assessing 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; • Assisting the Borrower and the World Bank Task Team members on financial management requirements, including monitoring and reporting issues; • Carrying 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; • Assessing the selection and engagement of auditors, ensuring their suitability including their independence, and competence to perform; and ensuring 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; • Reviewing interim financial reports and audited project/entity financial statements, monitoring borrower compliance with financial covenants including audit compliance, ensuring 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 RFMM. Selection Criteria The candidates should have a Bachelors degree in accounting, business, finance, economics, or related subject, a professional accountancy qualification (ACA or equivalent) and at least 5 years audit experience. Public sector experience would be an advantage. In addition, the candidate should have the following qualifications: • Knowledge of the application of accounting, auditing and financial reporting systems and software packages; • Ability to review, analyze and evaluate financial statements and audit reports in diverse sectors and circumstances; • Knowledge of International Financial Reporting Standards, International Public Sector Accounting Standards and International Standards on Auditing; • Experience with internal control systems and procedures (including familiarity with COSO), with the ability to assess such systems and recommend remedial action where necessary • Proven analytical and problem-solving skills and a proven ability to apply these in gathering, recording and summarizing financial and other operational data; • Experience in auditing and knowledge of what to do with respect to qualified audit reports and matters arising from management letters; • Capacity to function as a member of a diverse, multi-disciplinary team in a matrix and decentralized environment; • 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; • Effective interpersonal skills to work with colleagues, clients and donor counterparts; • 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 • Ability to communicate effectively, in writing and orally, in English. • Willingness to travel frequently Apply Online Here Search for high paid jobs here |
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