29 Jan 2016

Ministry of Finance Job Vacancy : Financial Management Specialist

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The Government of the Republic of Ghana (GoG) has obtained a credit from the International Development Association (IDA) towards the cost of the Ghana Public Private Partnership (PPP) Project and is applying part of the credit to make payments under contracts for Individual Consultants to assist in project implementation

The objective of the Project is to assist the GoG tackle the binding infrastructure constraints that hamper firm productivity and employment generating growth. This Project seeks to increase infrastructure service levels
and quality, through supporting private sector participation through PPP financing models. Through the components, the Project has been designed to help implement the approved National Policy on PPP’s, June, 2011, thus
supporting a conducive and enabling environment for PPPs.

The Ghana PPP Project has four primary components:

Component 1: PPP Institutional, Fiduciary and Legislative Capacity Building
Component 2: PPP Pipeline Preparation and Transaction Advisory Support
Component 3: Facilitating the Provision of Long Term Development Finance
Component 4: Project Management and Monitoring & Evaluation

The Ministry of Finance (MoF), through its ‘Public Investment Division (PID) which is leading the implementation of the project, now invites eligible Individual Consultants, to indicate their interest in providing the services as Financial Management Specialist.

Objective of the Assignment:
The objective of this assignment is to establish and implement sound financial management practices for the effective management of the financial matters of the Ghana PPP Project as well as other Projects and to deploy project resources for the intended purposes in accordance with the relevant GOG financial management requirements and Development Credit Agreement (DCA) between the World Bank and the Government. The Financial Management (FM) Specialist will produce the required relevant and accurate financial reports on a timely basis to enable management carry out its oversight function and the implementing units to plan, coordinate, monitor and appraise the Project’s overall progress towards the achievement of its objectives.

The FM Specialist will also establish close and cooperative working relationships with the World Bank FM Specialist team based in the Country Office in Accra, the Director of Finance, MoF, Internal Auditor, MoF and the Accounts and World Bank Unit Offices within MoF.

Scope of the work:
The FM Specialist will be responsible for all accounting, internal control and other financial management functions within the PID as well as supervision of the finance section staff therein. The main tasks will be as follows:

  • Prepare and update the project financial procedures manual that will ensure compliance with accounting policies and practices as stipulated in the financial management regulations/procedures agreed for the project;
  • Establish and maintain an integrated accounting system for all approved project activities to ensure smooth flow and constant availability of financial resources to the project and utilizing standard accounting procedures, which will ensure full documentation and recording of sources and uses of funds
  • Periodically review the performance of control functions and where appropriate initiate corrective measures to ensure that internal controls are sufficient and function correctly;
  • Prepare annual work plans and budgets in consultation with other PID staff;
  • Conduct in house financial management and accounting training for PID staff;
  • Supervise the activities of the finance section of the PID;
  • Prepare, analyze and consolidate reports in accordance with agreed reporting schedules ensuring correlation between implementation progress and financial performance;
  • Prepare project financial reports, including Interim Financial Reports (IFRs) and withdrawal applications for the replenishment of Designated
  • Prepare annual financial statements for external audits, and ‘other reports for the project;
  • Review bank reconciliations and other controls necessary to monitor financial and non financial assets ofthe project;
  • Advise the PID Director and Project Coordinator on all financial and control considerations of the project;
  • Any other duties assigned by the PID Director and Project Coordinator.

The position is for one (1) year but renewable based on the performance of the selected candidate.
The FM Specialist will ensure the duties of the Section’s staff (particularly the Project Accountant).

Required Skills or Experience

  • A First Degree in Business Administration, Finance, Accounting in addition to a professional qualification such as CA (Ghana), ACCA, CIMA etc.
  • Minimum 5 years of relevant professional experience during which the candidate has proven his/her capabilities in financial management or accounts administration in computerized accounting environment;
  • Experience in working with a public sector organization is an advantage
  • Knowledge of World Bank/or other Development Partners’ financial management procedures is required
  • Computer skills (Word, Excel, Access, Accounting Software such as SUN, Tally etc.)
  • Good communication and social skills;

How to Apply

  • Interested Individual Consultants must provide information (Detailed Curricula Vitae and a Cover Letter, indicating that they are qualified to perform the services forthe specific positions described above.
  • Individual Consultants will be selected in accordance with the procedures set out in the World Bank's Guidelines: Selection and Employment of Consultants under IBRD Loans and IDA Credits & Grants by World Bank Borrowers ("Consultant Guidelines") [January 2011 Version revised in 2014].
  • Further information can be obtained at the address below during office hours 9.00am to 4.00pm, Monday through Friday (except public holidays).
  • The Project Coordinator Ghana PPP Project Fourth Floor (New Block) Room 409 28th February Road P.O. Box M40, Ministries, Accra. Ministry of Finance Email: [email protected]
  • Expressions of interest (One Original and Five Copies) must be delivered in a written form and clearly marked "Ghana PPP Project/Financial Management Specialist Position" to the address below in person or courier by 3.00pm on 2nd February, 2016.
  • The Chief Director Ministry of Finance Post Office Box M40, Ministries, Accra 28th February Road P.O. Box M40, Ministries, Accra. Attn.: Director, Public Investment Division Fourth Floor (New Block) Room 402 Email: [email protected]

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