Financial Management Specialist – RDAP at Development Bank of Rwanda (BRD): (Deadline 30 December 2022)

1. Background Information

Job Title: Financial Management Specialist – RDAP

Current Grade: JG6

Department: Finance Department  

Duo Reports to: Functionally to the BRD Senior Manager for Financial Information Administratively to the RDAP – Project Coordinator

Direct Report: N/A

Indirect Reports: N/A

2.      Contract Terms – 5 years Renewable fix term aligned to the project life span

3.      Purpose of the Job

The Government of Rwanda (GoR) has received funding from the World Bank (WB) and the Asian Infrastructure Investment Bank (AIIB) under a 5-year Digital Acceleration Project – RDPA (henceforth referred to as ‘the project’) to accelerate country-wide digital transformation, as well as facilitate Rwanda’s integration in the emerging regional digital market.

 The project will expand digital adoption, bringing more Rwandans online by addressing the major barriers that dampen demand for digital services and spearheading a series of interventions that promote digital inclusion.

The Project is implemented by Rwanda Information Society Authority (RISA) and the Development Bank of Rwanda Plc (BRD). BRD is responsible for leading the implementation of a sub-set of project activities related to the establishment and administration of a smart device affordability and access program, as well as an early-stage financing scheme for digital start-ups.

In the framework of this project, BRD seeks to hire a high-performing and qualified Financial Management Specialist (FMS) to support the successful and effective delivery of key project activities.

The FMS is expected to possess strong technical expertise in financial management as well as excellent project management skills, communication, and stakeholder engagement skills, preferably with a track record of managing large and complex donor-funded projects and a knowledge of the digital sector.

The position holder needs to have passion, strong work ethic, demonstrate integrity and excellent working relationship with all the project stakeholders. The job also requires having sufficient understanding of each facet of business operations and information systems to be able to make meaningful analysis and recommendations, which add value to the project development objectives.

4.      Main Responsibilities of the Job

• Facilitate the financial assessment to be carried out by the development partner, and support PIU coordinator and WB in the identification of related fiduciary risks
• Prepare overarching and annual project budget according to the planned activities as well as the cash flow plans
• Establish a sound financial and internal control system and procedures for the projects and ensure that they are adhered to, in line with the GoR Regulations and Donor Procedures
• Ensure that payments are made and recorded in timely manner and in accordance with the approved budget/planned activities, and complies with Financial Management   Manuals, the   Financing   Agreements   and   other   established   accounting procedures and operational guidelines
• Ensure that all payment vouchers are adequately supported with appropriate source documentation, duly authorized for payment and properly filed to facilitate easy retrieval and referencing
• Maintain the WB financed project books of account
• Prepare periodical financial statements (monthly, quarterly and annual), as well as any other financial status reports required by stakeholders, in accordance with the GoR public finance management policies and regulation, the project financial management procedures and the WB funded project financial regulations
• Maintain accurate assets register for the project
• Support FM-related missions conducted by the WB fiduciary colleagues
• Ensure timely submission of the audit report and related tasks on reporting
• Prepare disbursement project and withdrawal application via the WB’s Client Connection Portal.
• Prepare any FM related inputs of project reports
• Carry out any other assignment from the Line manager or the Management of the Bank.

5.      Performance indicators

• Annual budget
• Disbursement forecasts
• Withdrawal applications
• Inputs to semester progress project reports
• Quarterly financial reports
• Internal and External audit issues closure rate

6.      Working relationships

• All BRD departments
• All RDAP stakeholders

7.      Professional, academic qualifications and experience

• Bachelor’s degree in Finance, Accounting, Business Administration, or Management with specialization in Finance and Accounting, with at least 5 years of relevant work experience in finance, accounting; or
• Master’s degree in Finance, Accounting or Business Administration, Management with specialization in Finance, Accounting, with at least 3 years relevant work experience.
• Accounting Professional Qualification recognized by IFAC, ICPAR, ACCA, or CPA.

8.      Core competencies

• Track record of supporting the financial management (FM) of projects of a similar scale and technical nature – familiarity with donor-funded project preferred and WB procurement processes and guidelines considered an asset
• Demonstrated expertise in the management of finance in the public and/or private sector – financial management of ICT-related projects considered a distinct advantage
• Extensive knowledge of different public financial management systems, covering all dimensions of public expenditure management, audit
• Demonstrated knowledge of concepts, principles and practices with the financial management system of the GoR
• Proficiency in use of government accounting packages and use of the Government’s Integrated Financial Management System (IFMIS)
• Familiarity with financial internal control systems
• Strong financial analytical and evaluative skills
• Proven capacity to provide technical advice to senior government officials, development partners, and stakeholders in relation to FM matters.
• Track record of working on investments funds management, involving financial intermediaries, is an added advantage.
• Ability to determine and review priorities, plan and meet deadlines, with minimal supervision
• Team player, with good interpersonal skills, and proven ability to function effectively with multiple counterparts and within a multi-disciplinary team
• Computer literacy, including in Microsoft Office
• Strong oral and written communication skills, including report writing
• Strong problem-solving abilities
• Fluency in English is essential
• Should demonstrate a high degree of professionalism, integrity and work ethics

9. Duty Station

• The Financial Management Specialist will be stationed at the Development Bank of Rwanda offices in Kigali.