Governance Specialist: Financial Management at World Bank, Sydney, Australia

Deadline: 22 February 2019

The World Bank Group (WBG) is currently seeking applications from the eligible applicants for the post of Governance Specialist: Financial Management in Sydney, Australia. The duration of this post 2 years.

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WBG has set two ambitious goals to push extreme poverty to no more 3 percent by 2030, and to promote shared prosperity and greater equity in the developing world.

Key Jobs Responsibilities

The Governance Specialist: Financial Management will perform the following functions-

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  • Assess the adequacy of the Borrower’s project financial management systems and their ability to manage and monitor World Bank financed projects.
  • This includes budgeting, policies and procedures, internal controls, accounting, financial reporting and auditing.
  • Carry out supervision work to ensure that projects financial management systems are functioning appropriately, including the review of periodic interim financial reports.
  • Assess the selection and engagement of auditors, ensuring their suitability including their independence, and competence to perform; and ensure that the borrower provides auditors with all the relevant information (including Terms of Reference and Bank requirements) necessary to carry out their engagement.
  • Review audited financial statements received, monitor the Borrower’s compliance with financial covenants including audit compliance, ensure adequate communication with the Borrower and the project implementing agencies with respect to audits and advise as appropriate.
  • Provide advice and support to Borrower and the World Bank Task Teams on matters affecting financial management.
  • Provide financial management guidance for the development of technical assistance programs and evaluate and monitor their implementation.
  • Provide guidance and advice to borrowers and Bank staff on capacity building in projects and with public sector accountability institutions.
  • Assess the financial and operational viability of implementing entities (e.g. with respect to revenue earning entities), and to advise on the design and use of financial performance covenants.
  • Monitor implementation of the PFM action plans, and provide technical advice to the Government in the implementation of reform actions.
  • As requested by the PM, undertake other activities, as appropriate.

Eligibility Criteria

Applicants must have-

  • Master’s degree in accounting, business, finance or economics, and a minimum of 5 years of post-qualification experience in financial management.
  • Experience and in-depth familiarity with public sector financial management in would be a distinct advantage.
  • Knowledge of International Accounting Standards and International Standards on Auditing.
  • Ability to understand public financial management issues and to adapt financial management knowledge acquired in the private sector to the public sector context.
  • Experience with internal audit and internal control systems and procedures (including familiarity with COSO), with the ability to assess such systems and recommend remedial action where necessary.
  • A good understanding of the review of financial statements including statements which link financial to non-financial information.
  • Experience in auditing, including assessing audit competence, and to the ability to analyze the impact of qualified audit reports and matters arising from management letters.
  • Understanding of management information systems and the application of new information technologies.
  • Capacity to function as a member of multi-disciplinary team, search for common ground, and where appropriate recommend decisive actions.
  • Ability to communicate effectively, in writing and orally in English and to negotiate substantive and difficult issues with senior government officials (essential).
  • Demonstrated ability to deal with complex analytical and strategic work; process coordination; and interpersonal skills with the ability to work independently with the clients.
  • The FMS should be willing to travel frequently.

How to Apply

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Applicants must submit their applications through online process.

For more information, please visit WBG.

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