FINANCE SPECIALIST:

JOB SPECIFICATIONS

Professional Accountant (CA/ACCA/ACMA) or Masters Degree in Finance

/Accounting.

Minimum 7 years experience in financial management, Audit or Accounts.

Experience of public sector and donor funded projects is highly desirable

Experience of training and capacity building will be preferred.

Demonstrated interpersonal and presentation skills.

Ability to work in a collaborative, team environment.

Written and oral fluency in Urdu and English.

Excellent IT and report writing skills.

Age Limit: 35-45 years of age at the time of application.

JOB DESCRIPTION
Financial Management Specialist will be responsible for the following duties and
responsibilities;

Report to Project Coordinator.

Managing Financial Management Matters of the Project.

Prepare Annual Budget of the project in consultation with technical and

procurement staff and submit to Coordinator for review. Submission of Annual
Budget to Finance department, follow-up on approval of budget and release of
funds.

Prepare periodic IUFRs (Interim Unaudited Financial reports) on the format

agreed with the World Bank and submit acceptable IUFRs to the World Bank.
Reconcile periodically the accounts of the project with the Bank.

Opening and Maintaining Designated Account/ Accounts of the project.

Prepare withdrawal applications and submit to the World Bank after approval of
PC. Follow-up with the World Bank for transfer of funds to the Designated
Account.

Submit details of payments from Designated Account to Accountant General

Office on daily basis.

To accord approval of the competent authority for all nature of expenditure and
preparation of vouchers & cheque writing.

Liaison with auditors for annual audit of the project. Reply to audit observations,
arrange DAC meeting and ensure that audited financial statements are submitted
to the World Bank within 6 months of the close of the financial year.

Review the financial management arrangement and periodic financial reports of

stake holders. Ensure that their expenditures are recorded in time and are
reflected in the project accounts and periodic financial reports are submitted to
the Project.

Review all payment vouchers before payment is made to ensure that payment is
justified and is according to approved policies.

Ensure that all accounting record including vouchers, ledgers and cash books
are up to date and maintained properly.

Analyze, plan, design, implement, and monitor a system to augment internal

controls in line with best practices in the process of payment and expenditure
management.

Prepare and submit periodic management reports as required.

For this purpose FMS will be required to develop understanding of the FMM,
projects being implemented as well as relevant government regulations and
World Bank guidelines that include:

World Banks policies and guidelines related to FM including OP and BP 10.02,

6.00 and 12.00, Financial Management Manual, Disbursement Guidelines and
Disbursement Handbook, Guidelines for Preventing Fraud and Corruption in
Projects, Financial Management Risk Assessment and Quality Assurance
Arrangements;

Government policies and procedures related to financial management including

New Accounting Model, General Financial Rules, Procedures for Assignment
Account and Treasury Rules issued by Federal and KP Governments.