E T Consultant

Job # 111822

Job Title E T Consultant

Job Family Financial Management

Location Jakarta, Indonesia

Appointment Local Hire

Job Posted 19-Sep-2011

Closing Date 08-Oct-2011

Language Requirements Bahasa (Indonesian) [Essential]; English [Essential]

Appointment Type

Background / General description

Extended Term Consultant – Financial Management Analyst This local hire positions shall be offered for an initial period of one-year Extended Term Consultant (ETC) appointment with a possibility of extension subject to individual performance and available sources of funds. Applications should be submitted on-line by clicking “Apply” button on the upper right of this webpage. You will need to attach your latest CV and provide reference contact details. You will be requested to write a statement of interest. Application should be submitted through on-line no later than October 8, 2011. Late submission will not be possible. The World Bank Group is committed to achieving diversity in terms of gender, nationality, culture and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated in the strictest confidence.

Background The Financial Management (FM) work plan for this year requires FM supervision of all projects, with more frequent supervision for High risk projects. FMS staff will also have additional ongoing work on assessments of new project proposals. The workload for Financial Management is likely to be intense as some ongoing projects are due to close this year, for which FM supervision work should ideally be completed before the closure dates, and appropriate FM ratings determined. Also, several TF projects are now coming into implementation phase now and this will need close supervision. There are 83 active TF projects which 12 are MDF projects in Aceh. This large TF portfolio needs close supervision due to a generally weak fiduciary environment in the country. Due to these factors, regular workload is clearly going to peak in the FM unit over the next year. It is therefore proposed to hire an extended term consultant to tide over this peaking in FM workload, for a total period of one year.

Duties and Accountabilities

Objective of the Assignment To assist the Financial Management Team at Operational Services Unit (OSU) in undertaking Financial Management supervision in the active project and assessment to a new project in the Bank’s portfolio Indonesia. Initially the consultant will be assigned to help supervise Trust Funds projects and other projects. Role & Scope of Work The FM Analyst will work under the direct day-to-day supervision of a Financial Management Specialist of the Bank. The FM Analyst should apply risk based approach in the assignment. The work involved in financial management supervision and assessment of a new project will include the following:

1. Prepare a Supervision Plan for the assigned operation, taking into consideration inputs from the project appraisal document, audit reports, project progress reports, discussions with task managers and earlier supervision missions.

2. Select sampling method for the financial review, taking into account the supervision plan dawn up. For the selected sample of transactions undertake transaction review and implementation checks, especially with respect to contract terms and eligibility criteria under loan agreements, and verify payment transfers from Treasury (KPPN) records for disbursements to the intended beneficiaries.

3. Evaluate adequacy of accounting organization at Project Management Units and Project Implementation Units.

4. Assess the continuing adequacy of operating accounting systems and related financial controls at projects, to confirm if the accounting information generated by them is reliable and if financial controls have operated satisfactorily.

5. Review quarterly FMR/IFRs and file all comments in IRIS

6. Analyze matters reported in Audit Reports and observations made during supervision into a framework that facilitates the development of a fiduciary risk assessment model.

7. Assess continuing adequacy of internal controls over all aspects of project implementation.

8. Assist in the generation of FM Ratings for the Projects reviewed and to update the project information in PRIMA.

9. Conduct FM assessment to a new project which includes assessment on budgeting, accounting, reporting, flow of fund and auditing arrangement in the proposed recipient.

10. Prepare risk assessment table and analyze the risk and propose the risk mitigation

11. Prepare FM assessment report and file all report in IRIS and PRIMA

12. Other steps that may be considered necessary to meet the work objectives. Reports and Outputs Financial management supervision and assessment reports, FM rating datasheets for each project reviewed, Updated PRIMA and IRIS files.

Selection Criteria

Minimum Requirement and Skill

1. Minimum Master’s degree in Accounting or Bachelor’s degree with minimum 5 (five) years relevant experience in financial accounting or internal auditing in a large organization / firm. A combination of audit experience and operating accounting experience would be ideal.

2. Tertiary / professional Accountancy education.

3. Certified CPA

4. A good understanding of financial controls.

5. Familiarity with government accounting systems will be desirable.

6. Sharp eye for details, a head for numbers.

7. Fluent in Bahasa Indonesia and English.

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