• Job #: req11614
• Organization: World Bank
• Sector: Governance
• Grade: GF
• Term Duration: 3 years 0 months
• Recruitment Type: Local Recruitment
• Location: Bujumbura,Burundi
• Required Language(s): English
• Preferred Language(s): French
• Closing Date: 4/28/2021 (MM/DD/YYYY) at 11:59pm UTC

Description

We are on a mission to change the world; do you want to join us where it matters the most? Invest in your personal and professional development and acquire the skills that are vital for a global career in international development.  A role in an FCS (Fragile and Conflict Affected Situations) location will be a truly impactful experience!

Fragility Conflict and Violence: https://www.worldbank.org/en/topic/fragilityconflictviolence

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. Visit www.worldbank.org. 

Regional context

While the overall business climate in Africa is the weakest in the world, several countries including some fragile states have made great strides in improving their environment for business. What is emerging as a result is a growing region, with setbacks from time to time, that is increasingly seen as a destination for investment as much as for aid; and one where leaders are increasingly willing to address problems of poor governance that harms development effectiveness. More information on Africa: https://www.worldbank.org/en/region/afr

COUNTRY MANAGEMENT UNIT CONTEXT

The AECC2 country management unit (CMU), covers 4 countries (Angola, Burundi, Democratic Republic of Congo, and Sao Tome and Principe) 3 of which are International Development Association (IDA) countries, with higher rates of poverty. AECC2 delivers a strong program of Advisory Services and Analytics (ASA) and lending services across all the countries with a focus on key structural reforms. More information on Burundi: https://www.worldbank.org/en/country/burundi 

GOVERNANCE GLOBAL PRACTICE (GP) CONTEXT

The Governance Global Practice (GOV) 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 encompasses public financial management, public procurement, civil service reform, open government, anti-corruption, and using technology to improve quality and access to government services. More information: https://www.worldbank.org/en/topic/governance

You will be under the supervision of the GOV Practice Manager for the EAEG2 Unit (Angola, Botswana, Burundi, Comoros, Democratic Republic of Congo, Eswatini, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Sao Tome and Principe, Seychelles, South Africa) and will contribute to the implementation and development of the EAEG2 Unit’s lending and analytical program in AECC2 countries (Angola, Burundi, Democratic Republic of Congo and Sao Tome and Principe). You will work in coordination with other EAEG2 team members based in Washington DC and in other country offices, as well as with colleagues from Procurement and other Global Practices, with a primary focus on Burundi.

Job Duties and Responsibilities:

The specific duties and responsibilities of the Financial Management Specialist (FMS) will be agreed with the GOV Practice Manager. He/she is expected to perform a full range of operational Financial Management (FM) duties, working under the supervision of a more senior staff. He/she will take a leading role in the following tasks:

• • Undertake FM assessments for new projects and provide FM implementation support for ongoing projects covering project budgeting, internal controls, accounting, treasury, funds flow, financial reporting, auditing arrangements and adequacy and suitability of project FM staff.
• • Monitor on-going compliance by projects with the Bank’s FM policies and procedures.
• • Monitor borrower’s compliance with financial covenants, including audit requirements.
• • Review periodic Interim Financial Reports (IFR).
• • Review annual audited financial statements, audit reports and audit management letters, and prepare appropriate communication to project implementation agencies.
• • Update the Bank’s automated FM monitoring systems on a timely basis.
• • Assess audit firms/auditors in terms of independence, competence, compliance with international auditing standards.
• • Provide training, guidance and advice on FM related aspects to external clients (borrowers and staff of project implementing agencies) and internal clients (Bank Task Teams, and CMU staff).
• • Contribute to project and other portfolio and country documents in his/her area of work as needed.

Selection Criteria

• • Qualified professional accountant (CPA, CA, ACCA, DEC or equivalent membership of an internationally recognized professional accountancy body) with a Master’s degree in accounting, public financial management, finance, or other related field.
• • At least 5 years of relevant experience.
• • Knowledge of International Reporting Standards (IFRS) and International Standards on Audit (ISA). Knowledge of International Public Sector Accounting Standards (IPSAS) and the International Standards of Supreme Audit Institutions (ISSAI) would be an added advantage.
• • Experience in designing and assessing internal control systems using internationally accepted control frameworks such as COSO.
• • Experience in evaluating financial management systems (including budgeting, accounting, cash management, internal audit and financial reporting systems).
• • Experience in the design and implementation of computerized financial management systems.
• • Understanding of public sector budget formulation and execution processes, including treasury and cash management.
• • Experience in evaluating/interpreting audited financial statements and in determining appropriate remedial actions.
• • Experience in evaluating audit reports and management letters.
• • Experience of working in environments affected by fragility, conflict or violence.
• • Willingness to travel frequently, sometimes at a short notice.
• • Strong analytical capabilities and planning, organization and time management skills.
• • Capacity to function effectively with limited supervision and as a member of a multi-disciplinary team, ability to search for common grounds to resolve problems.
• • Ability to communicate effectively, in writing and orally, in French and English.
• • Knowledge and experience in the development field, and familiarity with World Bank operations will be an advantage.

For information about WBG Core Competencies, please visit: https://bit.ly/2kbIA7O.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.