The World Bank is looking for Extended Term Consultants (ETCs) in Financial Management (ETC-FM) to be based in Abuja, Nigeria. The ETC-FM will report to the Regional Financial Management Manager (RFMM) who is part of the core team Africa Region Quality and Knowledge Services Team in Washington, DC. The ETC-FM will assist in all financial management (FM) aspects related to the World Bank’s operations under the direct supervision of Senior Financial Management Specialists (FMS) based in Abuja.
Job Code: 102053
Language Requirements English [Essential]
Duties and Accountabilities
The specific duties and responsibilities of the ETC-FM will be agreed with the RFMM. The ETC-FM will work under the close supervision of a Senior FMS and will contribute to the following tasks:
Assessing 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;
Assisting the Borrower and the World Bank Task Team members on financial management requirements, including monitoring and reporting issues;
Carrying out supervision work to ensure that projects financial management systems are functioning appropriately, including the periodic review of project financial management reports for financial performance;
Assessing the selection and engagement of auditors, ensuring their suitability including their independence, and competence to perform; and ensuring that the borrower provides auditors with all the relevant information (including Terms of Reference and the Bank’s own requirements) necessary to carry out their engagement;
Reviewing interim financial reports and audited project/entity financial statements, monitoring borrower compliance with financial covenants including audit compliance, ensuring adequate communication with borrowers in respect of audits and enters data on auditing and accountability issues in the Audit Reports Compliance System; and
Other activities, as agreed with the RFMM.
Selection Criteria
The candidates should have a Bachelors degree in accounting, business, finance, economics, or related subject, a professional accountancy qualification (ACA or equivalent) and at least 5 years audit experience. Public sector experience would be an advantage. In addition, the candidate should have the following qualifications:
Knowledge of the application of accounting, auditing and financial reporting systems and software packages;
Ability to review, analyze and evaluate financial statements and audit reports in diverse sectors and circumstances;
Knowledge of International Financial Reporting Standards, International Public Sector Accounting Standards and International Standards on Auditing;
Experience with internal control systems and procedures (including familiarity with COSO), with the ability to assess such systems and recommend remedial action where necessary
Proven analytical and problem-solving skills and a proven ability to apply these in gathering, recording and summarizing financial and other operational data;
Experience in auditing and knowledge of what to do with respect to qualified audit reports and matters arising from management letters;
Capacity to function as a member of a diverse, multi-disciplinary team in a matrix and decentralized environment;
Ability to work flexibly on a range of assignments, adjust to and prioritize a variety of complex evolving tasks and under pressure to meet deadlines;
Effective interpersonal skills to work with colleagues, clients and donor counterparts;
Recognized as a results-oriented team player who is adaptable to changing business needs, takes initiative, can work independently and is capable of contributing to a diverse set of activities; and
Ability to communicate effectively, in writing and orally, in English.
Willingness to travel frequently
Application Deadline
10th November, 2010.
Method of Application:
For the full job description and selection criteria, qualified candidates are requested to submit the electronic application by visiting World Bank Site. Click here to apply online
Showing posts with label World Bank Job. Show all posts
Showing posts with label World Bank Job. Show all posts
Friday, October 15, 2010
Accounting Assistant Job Vacancy at World Bank - Abuja
World Bank is the leading multilateral institution in global economics development, is seeking applications for the position of an Accounting Assistant. This is a local position based in the Bank’s office in Abuja, Nigeria
Accounting Assistant
The Accounting Assistant will be a member of the World Bank’s Resource Management team recruited locally.
The incumbent In this position works under the guidance of senior team members, on detailed issues, using accuracy and attention to details in order to meet the country office’s need for timely processing and reporting of day-to-day RM work program. Uses woddng knowledge of daily Bank procedures to ensure day-to-day RM work program is completed effectively and efficiently, working as needed with others in the team or in other Bank units.
Responsibilities
The Accounting Assistant will be responsible for:
Financial Accounting:
Processes accurately and promptly all accounting transactions, including payroll, operating expenses, procurement, travel, consultant payments vendor payments, charge backs and other office running expenses. Processes transactions in the Asset Management module for office and residence inventories;
Maintains accounts reconciled at any given point in firm: Regularly reviews the open item accounts and resolves any outtanding items; keeps relevant documents and invoices systematically to fully support the acconms;
Performs bank account reconciliation and reviews cash now and replenishment needs.
Interacts with clients both inside and outside the Bank, e.g., staff consultants, vendors, etc., to effect timely payments and resolve accounting related issues;
Assists in planning and monitoring budget and expenses linked to country office work program;
Provides references to Bank’s financial and administrative policies and procedures in administrative expense related subject areas;
Financial Accounting Reporting:
Maintains consistency in the application of accounting rules and procedures, including safeguarding of cash and checks;
maintains and administers the petty cash in the Country office
processes the monthly phone bills and provides advice on reasonableness, including reconciliation.
Reviews general ledger accounts regularly to ensure accurate postings;
Monitors operating expenses and highlights potential issues;
Reviews documentation for travel statements of expenses;
Periodically reviews exception reports and takes remedial actions (such as missing time, SOE exceptions, above average consultant and vendor expenses, overtime, open purchase orders and commitments, excessive travel advances etc.);
Ensures compliance with institutional and regional policies and guidelines;
Generates a variety of standard and customized financial/accounting reports,;
Reviews - follows up and resolves issues noted in accounting scorecard and other quality assurance reports issued by Head Quarter Accounting Department;
Follows up on audit COSO recommendations which relate to the accounting and Resource Management functions.
Qualification
Academic Training and Experience: A relevant degree (e.g. Finance, Accounting, Business, or Economics).
Minimum of 3 years experience in a relevant field (e.g Accounting or Finance) Preference will be given to candidates’ with 5 or more years of cognate experience.
Communication and Team Skill
level of personal and professional integrity with strong analytical skills and ability to function well in a multi-cultural environment. Result-oriented personality with proven problem-solving skills. Strong communication skill with ability to prepare, present and discuss findings in written and oral form. Effective skills as an interlocutor in handling and facilitating client and inter-unit business relationships. Ability to function effectively in multi-disciplinary teams within a matrix management environment
Language Skills:
Proficiency in English Language is required.
Application Deadline
26th October, 2010.
Method of Application
For the full job description and selection criteria, qualified candidates are requested to submit the electronic application by visiting:http://www.worldbank.org/careers
Accounting Assistant
The Accounting Assistant will be a member of the World Bank’s Resource Management team recruited locally.
The incumbent In this position works under the guidance of senior team members, on detailed issues, using accuracy and attention to details in order to meet the country office’s need for timely processing and reporting of day-to-day RM work program. Uses woddng knowledge of daily Bank procedures to ensure day-to-day RM work program is completed effectively and efficiently, working as needed with others in the team or in other Bank units.
Responsibilities
The Accounting Assistant will be responsible for:
Financial Accounting:
Processes accurately and promptly all accounting transactions, including payroll, operating expenses, procurement, travel, consultant payments vendor payments, charge backs and other office running expenses. Processes transactions in the Asset Management module for office and residence inventories;
Maintains accounts reconciled at any given point in firm: Regularly reviews the open item accounts and resolves any outtanding items; keeps relevant documents and invoices systematically to fully support the acconms;
Performs bank account reconciliation and reviews cash now and replenishment needs.
Interacts with clients both inside and outside the Bank, e.g., staff consultants, vendors, etc., to effect timely payments and resolve accounting related issues;
Assists in planning and monitoring budget and expenses linked to country office work program;
Provides references to Bank’s financial and administrative policies and procedures in administrative expense related subject areas;
Financial Accounting Reporting:
Maintains consistency in the application of accounting rules and procedures, including safeguarding of cash and checks;
maintains and administers the petty cash in the Country office
processes the monthly phone bills and provides advice on reasonableness, including reconciliation.
Reviews general ledger accounts regularly to ensure accurate postings;
Monitors operating expenses and highlights potential issues;
Reviews documentation for travel statements of expenses;
Periodically reviews exception reports and takes remedial actions (such as missing time, SOE exceptions, above average consultant and vendor expenses, overtime, open purchase orders and commitments, excessive travel advances etc.);
Ensures compliance with institutional and regional policies and guidelines;
Generates a variety of standard and customized financial/accounting reports,;
Reviews - follows up and resolves issues noted in accounting scorecard and other quality assurance reports issued by Head Quarter Accounting Department;
Follows up on audit COSO recommendations which relate to the accounting and Resource Management functions.
Qualification
Academic Training and Experience: A relevant degree (e.g. Finance, Accounting, Business, or Economics).
Minimum of 3 years experience in a relevant field (e.g Accounting or Finance) Preference will be given to candidates’ with 5 or more years of cognate experience.
Communication and Team Skill
level of personal and professional integrity with strong analytical skills and ability to function well in a multi-cultural environment. Result-oriented personality with proven problem-solving skills. Strong communication skill with ability to prepare, present and discuss findings in written and oral form. Effective skills as an interlocutor in handling and facilitating client and inter-unit business relationships. Ability to function effectively in multi-disciplinary teams within a matrix management environment
Language Skills:
Proficiency in English Language is required.
Application Deadline
26th October, 2010.
Method of Application
For the full job description and selection criteria, qualified candidates are requested to submit the electronic application by visiting:http://www.worldbank.org/careers
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