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January 24, 2013

Job Offer: Financial Management ETC Based in San Salvador, El Salvador (World Bank Job # 130174)

Posted by T.K. Balakrishnan, Manager, Financial Management, Latin America and Caribbean Region, World Bank

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The World Bank has an opening for a Financial Management Extended Term Consultant (FM-ETC) based in San Salvador, El Salvador. Job description and qualifications are detailed in the job announcement, posted on the World Bank's website: Financial Management ETC based in San Salvador, El Salvador --  Job # 130174

The Closing Date is February 17, 2013.

For convenience, we provide the PFM Blog readers with excerpts from the Job Announcement.

Duties and Accountabilities:

The World Bank is strongly committed to support improvement of performance and capacity of FM institutions and systems, align financial management arrangements in World Bank-financed projects with the country regular institutions and systems, and monitor and improve the fiduciary aspects of the Portfolio.   The Financial Management Extended Term Consultant (FM-ETC) is expected to be fully dedicated to these objectives.   The FM-ETC will be part of the Regional FM team, will work under the supervision of the LC2 FM Coordinator, and will report to the Regional Manager for Financial Management (RMFM).

The FM-ETC will work from the San Salvador office and work on all financial management (FM) aspects related to the World Bank’s operations in selected LC2 countries (El Salvador, Costa Rica, Guatemala, Honduras, Nicaragua and Panama), and in other countries as needed. This will include, but is not limited to: assessing the adequacy of project financial management arrangements, providing implementation support and supervising projects financed by grants and credits; ensuring compliance with the Bank’s audit and other fiduciary requirements, ensuring that the project operations are carried out in accordance with sound financial management practices, performing analytical work on financial management and accountability issues, and carrying out capacity building activities.  The FM-ETC will work with the country team, including Task Team Leaders, Financial Management Specialists, Procurement and other technical specialists, and Administrative and Client Service (ACS) staff.

The FM-ETC is expected to assume the following duties and responsibilities:

  • Assess the adequacy of the borrower’s project financial management systems and their ability to manage and monitor World Bank-financed projects, including at the sectoral level where needed. This includes budgeting, policies and procedures, internal controls, accounting, financial reporting and auditing.  Measures to support institutional development to develop capacity and manage risk are an essential element of this approach.
  • Provide implementation support and carry out supervision work to ensure that projects financial management systems are functioning appropriately, including the review of periodic interim financial reports.
  • Assess the selection and engagement of auditors, ensuring their suitability including their independence, and competence to perform audits; and ensure that the borrower provides auditors with all the relevant information (including Terms of Reference and Bank requirements) necessary to carry out their engagement.
  • Review audited financial statements and other periodic financial reports received, monitor the Borrower's compliance with financial covenants including audit compliance, ensure adequate communication with the Borrower and the project implementing agencies with respect to audits and other financial reports, and advise as appropriate.
  • Provide advice and support to Borrower and the World Bank Task Teams on project financial management matters.
  • Actively participate in partner country institutional development activities related to financial management, including analytic work, capacity building projects or components, technical assistance, training, and knowledge sharing.
  • Provide guidance and advice to borrowers, country institutions and Bank staff on capacity building and performance improvement of projects, public sector accountability institutions, accounting and auditing standard setters and regulators, and professional accountancy organizations.
  • Update and using information in the Bank’s systems as needed (ARCS, PRIMA, SAP).
  • As requested by the RFMM, undertake other FM activities, as appropriate.

Selection Criteria:

  • The candidate should be a professional accountant (CPA, CA or equivalent membership of an internationally recognized professional accounting institute) with a Bachelor’s degree in accounting, business, finance, economics or related subject.
  • 5 years of relevant experience in financial management.  Outstanding candidates with less than 5 years relevant experience (minimum: 3 years) may be considered for a lower grade.
  • Language:  Fluency in English and Spanish is required.
  • Knowledge of current issues in financial management, including relating to the public sector and relating to developing country issues.
  • Experience in designing and assessing internal control systems and procedures, and knowledge of internationally accepted control frameworks such as COSO/ERM.
  • Experience in and/or ability to evaluating audits, assessing auditor competence, and following up on issues raised by the audits.  Knowledge of international auditing standards issued by IFAC and INTOSAI.
  • Ability to understand cross-cutting issues beyond financial management (e.g. procurement, governance, public sector management) at sector/country level.
  • Experience in advising clients on the design and implementation of financial management systems, including financial and management reports.
  • Strong planning, organization and time management skills to function in a team and contribute towards a common goal.  Ability to handle multiple tasks and projects.
  • Ability to communicate effectively, in writing and orally, including situations requiring negotiation.
  • Understanding of information systems and the application of new technology.
  • Willingness and ability to travel frequently.

The successful candidate should also demonstrate the following competencies:

  • Budget Formulation and Execution - Able to perform assessments, provide advice and contributes to capacity building on budget formulation and execution processes at the project level. 
  • Financial Management Information Systems - Has solid understanding of Financial Management Information Systems with ability to perform assessments, provide advice and contribute to capacity building on matters at the project level. 
  • Internal Controls, Internal Audit, and Risk Management - Possesses ability to perform assessments, provide advice and contribute to capacity building on internal control and internal audit arrangements/reports at the project level. 
  • Accounting and Financial Reporting - Has solid understanding of the individual IFRSs, IPSAS, or comparable national standards; performs assessments, provides advice and contributes to capacity building on accounting and financial reporting at the project level. 
  • External Audit and Oversight - Able to perform assessments & contribute to capacity building on external audit arrangements at the project level, including terms of reference & content engagement letters for auditors of Bank funded operations for financial and performance audits. 
  • Financial Management –Reforms/Development and Integration - Able to implement the Bank's Financial Management risk model at the project level; under senior staff guidance, performs assessments and contributes to capacity building on PFM reforms/regulations. 
  • FM Sector Dialogue and Policy Advice - Possesses solid knowledge of financial management sector including the core elements of a client sector policy, strategy and expenditure programs. 
  • Operational Project Management - Demonstrates broad knowledge of project management tools & methodologies; identifies key risks and mitigation measures; interprets background analysis and proposed solutions. 
  • Client Orientation - Takes personal responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or overall success. 
  • Drive for Results - Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results, and has the personal organization to do so. 
  • Teamwork (Collaboration) and Inclusion - Collaborates with other team members and contributes productively to the team's work and output, demonstrating respect for different points of view. 
  • Knowledge, Learning and Communication - Actively seeks knowledge needed to complete assignments and shares knowledge with others, communicating and presenting information in a clear and organized manner. 
  • Business Judgment and Analytical Decision Making - Analyzes facts and data to support sound, logical decisions regarding own and others' work.

Applications should be submitted online at www.worldbank.org making explicit reference to Job Number 130174 by February 17, 2013.

Note: The posts on the IMF PFM Blog should not be reported as representing the views of the IMF. The views expressed are those of the authors and do not necessarily represent those of the IMF or IMF policy.

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