Senior Financial Management Specialist – Financial Management at World Bank: (Deadline 19 November 2023)
Description
Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org
Eastern and Southern Africa (AFE) Region
Home to about 700 million of Africa’s people, the World Bank’s Eastern and Southern Africa Region is a geographically, culturally and economically diverse region of 26 countries stretching from the Red Sea in the North to the Cape of Good Hope in the South. The region has an estimated gross domestic product of $945,567 million in 2019.
The region also harbors some of Africa’s protracted conflicts, rendering many of its countries fragile, while significant gaps in education, health, and skills development continue to keep people from reaching their full potential. This creates huge development challenges, and impacts heavily on the lives and livelihoods of people, and hinders regional integration and trade.
The World Bank Group (WBG) has been helping countries realize their considerable development potential by focusing on priorities detailed in the World Bank Africa strategy, including building up the digital economy, creating jobs and transforming economies.
For more information: https://www.worldbank.org/en/region/afr/eastern-and-southern-africa
PG and GP Context
Equitable Growth, Finance and Institutions Practice Group
Equitable Growth, Finance and Institutions (EFI) Practice Group (PG) supports economic policies and legal, regulatory and institutional reforms to enable equitable and sustainable growth and to reduce poverty.
The Governance Global Practice
The Governance GP helps developing countries build capable, efficient, open, inclusive and accountable institutions that can support economic growth, reduce poverty, deliver needed services and earn the confidence of citizens. Our work program comprises six core Business Lines: 1. Public Financial Management (PFM), 2. Domestic Revenue Mobilization (DRM)/Tax Administration, 3. State-owned Enterprises and Corporate Governance, 4. Public Institutions Reform, 5. Decentralization and Sub-national Governance, and 6. Financial Management (FM) Fiduciary Assurance for Bank-financed Operations; as well as three Cross-Cutting Themes: GovTech, Anti-Corruption and Political Economy. For more information: https://www.worldbank.org/en/topic/governance
Rwanda Country Context
The position is focused on providing FM assurance services for Bank-financed operations in Rwanda, as well as PFM policy and operational support under the Bank’s partnership framework with the Government of Rwanda. The position is part of the Governance Unit for Eastern Africa (EAEG1).
Duties and Accountabilities
This is a local position with an initial two-year term, extendable.
You will work under the supervision of the Governance Practice Manager for the EAEG1 Unit and in collaboration with other EAEG1 team members working on Rwanda, as well as colleagues from Procurement, other Global Practices, Finance & Accounting (Loans), and from the Country Management Unit (CMU).
Responsibilities
• Provide high quality FM fiduciary assurance services, including assessing the adequacy of operations’ FM arrangements, providing FM implementation support and supervising operations financed by the Bank, ensuring compliance with the Bank’s FM requirements, performing analytical work on FM and accountability issues, and carrying out capacity building activities, all with due attention to quality assurance arrangements.
• Provide operational, policy, analytical, and advisory expert support to strengthen PFM systems and institutions, through the Governance GP work program and through sector interventions. Contribute to PFM business development.
• Promote effective reliance on country systems as deemed appropriate, greater use of technology for fiduciary due diligence and implementation support, and streamlining of FM and disbursement processes.
• Generate and exchange knowledge relating to PFM & FM subject matters.
• Contribute to the provision of high quality inputs to Country Partnership Frameworks (CPFs), Country Portfolio Performance Reviews (CPPRs), Public Finance Reviews (PFRs) and other country products, as well as corporate tasks such as the preparation of briefs, inputs to thematic notes and knowledge and learning events.
• Managing the preparation and supervision of assigned tasks and deliverables, ensuring timely and quality delivery with efficient budget management.
Selection Criteria
You will be a professional with strong operational experience on lending and non-lending instruments by the World Bank and/or other multilateral lending institutions, including result-based financing.
• Qualified professional accountant (CPA, CA, ACCA or equivalent membership of an internationally recognized professional accountancy body) with a Master’s degree in accounting, public financial management, public administration, finance, or another related field.
• 8 years of directly relevant professional experience.
• Directly relevant experience and knowledge in FM or assurance services and strengthening of Public Financial Management (PFM) systems, through lending and analytical/advisory engagements.
• Strong understanding of the PFM systems and their use for World Bank-funded operations in Rwanda.
• Team player with strong integrative skills and track record of excellent relationship building with CMUs, other GPs, and clients.
• Strong written and oral communication skills.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.
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