Title:  Senior Project Financial MGT Specialist

OVERVIEW

JOB PURPOSE

Contribute to strengthening financial management and ensuring integrity of all Bank financed operations in both Member Countries (MCs) and non-MCs. Assessing project financial management (PFM) and Audit systems of MCs and designing fit for purpose PFM arrangements for each operation. Undertake review of annual and final project audits including project special accounts. Contribute to developing and enhancement of PFM policies, guidelines, procedures, and tools. Contribute to capacity development, providing technical advice and knowledge sharing with MDBs. Promoting greater use of country systems for financial audit of the Bank financed projects.

KEY ACCOUNTABILITIES

Policy Development and Compliance:
· Contribute to the work on enhancements/improvements and changes to financial management policies, procedure, guidelines and practices that can enhance fiduciary safeguards in Bank’s operations
· Ensure Financial Management policy compliance in all operations of the Bank both at preparation, during implementation and at completion.
· Ensure that PFM policy, procedures and institutional mechanisms are compiled in all lending operations of the Bank

Assessment and Enhancement of Financial Management Systems:
· Assess, identify and suggest measure for improving PFM and Project Audit related issues covering regulatory, systems and process at country level.
· Prepare country financial accountability assessments that can be useful defining financial management arrangement at project preparation.
· Understand client's needs and identify entry points for public financial management process improvements and promote use of country financial management systems.
· Lead the assessment of Capacity of the EAs for management of IsDB financed projects. Design and execute PFM capacity building initiatives in member countries.
· Undertake in provide support and advisory services in development of sound project financial management and audit.

KEY ACCOUNTABILITIES

Operational Support:
· Provide support to the RHs, Special and Trust Fund Departments and other Units of the Bank regarding project financial management matters during all phases of the operations cycle.
· Support in financial management aspects in all operations of the Bank and to ensure that arrangement proposed are in compliance with policies and procedures of the Bank.
· Based on review of Annual and final FAR of projects identify red-flags and risk areas and recommend mitigation measures.
· Develop the necessary controls to detect unusual occurrences as part of an early-warning system to prevent fraud and corruption.
· Ensuring that all Audit findings in Management Action Plans (MAPs) are addressed.
· Provide fiduciary/financial management support for highly complex and/or high-risk projects.
· Lead initiatives on operational issues related to financial management at project, program or country level.

Building Capacity and Sharing Knowledge & Best Practices:    
· Lead development of the knowledge base of financial management best practices, lessons learnt from MDBs and country profiles.
· Identify public financial management and audit interventions to improve country systems.
· Dissemination of knowledge on public and project financial management and and organize the country and regional workshops.
· Facilitating and promoting in-country cooperation with other development partners in the area of public financial management covering diagnostic work, capacity building initiatives, use of country systems and harmonization.
· Familiarize EAs/PMUs of IsDB Operations with Banks financial management policies and procedures.
· Provide guidance, support to the FM colleagues both at HQ and in the field.

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Master's degree in Finance, Financial Audit, Business Administration or any other related field.
• Minimum 8 years of relevant experience in project finance, auditing, risk management or any relevant field.
• CPA, CA, CMA or any relevant accounting certification would be preferred.
• Languages: English: Mandatory | Arabic: Preferred | French: Preferred

SKILLS & NECESSARY KNOWLEDGE

• Proficient project management knowledge and project cycle.
• Proficient understanding of operational policies, guidelines and procedures.
• Proficient knowledge of project financial management
• Proficient ability to work with diverse stakeholders.
• Advanced report writing skills.
• Proficient planning & organizing skills.
• Proficient presentation skills.
• Proficient communication skills

ABOUT APPLICATION PROCESS

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

• Resume/CV
• Copy of passport
• Academic certificate
   

If you are currently an IsDB Regular staff applying for this role and get selected through the competitive selection process; your current contract type and other terms and conditions will remain unchanged.

The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.