Summary
Date Posted: Friday, March 25, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Description
Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank consists of two entities – the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). It is a global development cooperative owned by 189 member countries. As the largest development bank in the world, the World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries, and coordinates responses to regional and global challenges. For more information, please visit www.worldbank.org.
The Finance, Competitiveness and Innovation (FCI) Global Practice combines expertise in the financial sector with expertise in private sector development to foster private-sector led growth and help create markets in client countries. FCI’s core lines of business are: (a) Financial Stability & Integrity; (b) Financial Inclusion, Infrastructure & Access; (c) Firm Capabilities & Innovation; (d) Long-Term Finance; (e) Climate & Risk Management; (f) Markets and Technology; and (g) Investment and Competition. For more information, please visit https://www.worldbank.org/en/about/unit/fci

Duties and Responsibilities
The staff member will report to the Global Governance Practice Manager for the AFR East Governance team.
The successful applicant will work with Governance team and with the broader country team for Uganda including colleagues in the Country Management Unit, procurement, disbursements, and other Global Practices.
The FMS will carry out financial management (FM) work in respect of projects and programs (operations) financed by the World Bank Group, and also contribute to advisory and technical assistance tasks.
The FMS will have the responsibility for the full range of operational FM duties, supporting and working as part of Bank project task teams.
The FM duties include assessing the adequacy of financial management arrangements for new and ongoing operations; monitoring compliance with the Bank’s audit and fiduciary requirements; and ensuring that WBG-financed operations are carried out in accordance with applicable FM policies, procedures, and instructions.
Responsibilities will also include providing capacity building to project staff in the client government and supporting analytical work on FM and public financial accountability.

Selection Criteria
The candidate should be a qualified professional accountant (CPA, CA or equivalent membership of an internationally recognized professional accounting institute) with a Master’s degree in accounting, business, finance, public finance, economics or related subject and at least 5 (five) years of post-professional-qualification experience (after qualifying as a professional accountant) in auditing or financial management.
Proficiency in both written and spoken English language is necessary.
Other selection criteria include:
– Substantial experience and knowledge of financial management in World Bank-financed lending operations, either working directly for the World Bank, or in a World Bank-financed operation.
– Substantial knowledge and experience of working on financial management and auditing systems in Uganda, in the public and private sectors.
– Significant experience in assessing and strengthening financial management processes and systems (including budgeting, accounting, cash management, internal audit, financial reporting and external auditing).
– Significant experience in evaluating/interpreting financial statements and audit reports, and in identifying appropriate remedial and follow up actions.
– Significant experience working on financial management with development agencies.
– Knowledge of international standards, including International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA), International Public Sector Accounting Standards (IPSAS) International Standards of Supreme Audit Institutions (ISSAI) and COSO framework.
– Strong analytical capabilities and planning, organization and time management skills.
– Capacity to function effectively as a member of a multi-disciplinary team, and ability to search for common ground to problem solve.
– Ability to provide training and capacity building on financial management.


Work Hours: 8

Experience in Months: 60

Level of Education: Postgraduate Degree

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