Summary
Date Posted: Wednesday, February 01, 2023 , Base Salary: Not Disclosed

JOB DETAILS:
Budgeting and Financial Management Expert
Level:1.IV
Job description

• Develop and implement the accounting and reporting procedures in consideration of all Government of Rwanda (GoR) and World Bank (WB) systems in use under PPA and ensure that the monitoring and reporting arrangements are fully operational to enable project and executing agency managers, government agencies, the WB and donors to review the project’s financial and physical progress periodically;
• Ensure that financial transactions are, in all cases, recorded in project accounts accurately and on a timely basis and in accordance with GoR and WB requirements and agreed financial policies and procedures for the project;
• Ensure that the project expenditures on contract payments are made in accordance with the terms and conditions of the respective contracts and are adequately certified by duly authorized officials in relation to works completed and/or goods or services provided;
• Ensure that adequate internal control is established and maintained in terms of separation of responsibilities for processing and authorizing payments and in the management and accounting for project income and assets;
• Responsible for compliance with GoR and WB project accounting requirements and internal audits and that all necessary information are provided for annual external audits.
• Ensure that all financial records are retained for audit purposes and for review by WB, donors and government until at least one year following project completion;
• Ensure that project financial transactions are recorded in the accounts in accordance with GoR regulations and WB requirements respectively, and that records are reconciled periodically, at least on a monthly basis;
• Perform any other duties as assigned by project Coordinator
• Check conformity and accuracy of payments requests;
• Ensure proper documentation to support vouchers, including authorization according to regulations; Coordinate preparation of bank reconciliation statements at the end of each month
• Ensure regular reconciliation of Asset Register and Asset Ledger Account
• Ensure wages management and other Expert benefits on a regular basis
• Ensure that the Designated Accounts established for the project within the Implementing Agencies are administered in accordance with the GoR and WB requirements;
• Ensure that withdrawal requests for reimbursements from the WB are prepared and submitted to the GoR and to WB through MoE on a timely basis and in accordance with WB procedures to replenish the Designated Account(s).
• Ensure that Statements of Expenditures (SOEs) supporting withdrawal requests accurately reflect qualifying project expenditures and that underlying documents that verify these expenditures are retained and available for review as required;
• Ensuring periodic (at least quarterly) Project records and bank statements should be reconciled more frequently, at least monthly;
• Ensure timely preparation and distribution of integrated quarterly financial management and project management reports and annual project financial reports and statements required by the WB, under the provisions of the Financing Agreement, as well as by the Government of Rwanda. Provide any special financial reports that may be required from time to time on specific aspects of project’s financial progress or position as may be requested by the WB and/or the Government;
• Ensure that annual project budgets are consistent with agreed program activity levels and expenditures and that budgetary allocations for the project are available to meet projected cash flow requirements for contract payments, pending reimbursement by the WB, and for administrative expenditures;
• Work hand in hand with the external auditor /OAG during the auditing exercise of the project for the given financial year period and ensure that effective annual audits are timely commenced and completed in accordance with the WB requirements;
• • Work with agencies to provide capacity building to the financial management especially in reporting formats for the World Bank and to update the financial status of the project on quarterly basis.
• Provide timely the capacity building to the financial management staff of Implementing Agencies to ensure that the financial reports enable monitoring the financial viability of the subprojects developed under RUDP II, but also enable third parties (GoR, WB, and auditor) to assess the financial health of Implementing Agencies.
• Oversee all project implementers in financial management, accounting and reporting for projects.
• Initiate a template for filling of all financial expenditures incurred by all implementing agencies and to update the status of financial stand of the project
• Regularly compile all implementing entities reports, and submit them to the World Bank.
• Preparing the consolidated monthly report and financial statement using the format issued by the Ministry of Finance and Economic Planning and to be submitted to MINECOFIN not later than 15th date of each month;
• Preparing the quarterly and annual consolidated report and financial statement that captures the expenditures with respect to component allocated budget and submitted to the World Bank within the given specified reporting period.
• Preparing the monthly withdraw application and to be submitted on Monthly basis in the client connection for replenishment purpose.
• Reviewing the project spending and advising the stakeholders any required budget relocation to improve on the project budget disbursement and effective project management.
• Liaise with the Internal and External Audit and assist them in their respective functions;

Minimum Qualifications
• Bachelor’s Degree in Accounting with CPA/CPFA/CPFM intermediate level /ACCA Foundation Level (Completion of ACCA Applied Skills papers)
7 Years of relevant experience
• Bachelor’s Degree in Finance with CPA/CPFA/CPFM intermediate level /ACCA Foundation Level (Completion of ACCA Applied Skills papers)
7 Years of relevant experience
• Master’s Degree in Finance with CPA/CPFA/CPFM intermediate level /ACCA Foundation Level (Completion of ACCA Applied Skills papers)
4 Years of relevant experience
• Master’s Degree in Accounting with CPA/CPFA/CPFM intermediate level
4 Years of relevant experience
• Master’s degree in Business Administration in Finance with ACCA or CPA
4 Years of relevant experience
• Master’s degree in Public Financial Management with CPA or CCA or intermediate level
4 Years of relevant experience
• Bachelor’s degree in Public Financial Management CPA or CCA intermediate level
7 Years of relevant experience
• Bachelor’s degree in Business Administration in Finance with ACCA or CPA
7 Years of relevant experience

Competency and Key Technical Skills
• Integrity
• Strong critical thinking skills and excellent problem solving skills.
• Inclusiveness
• Accountability
• Communication
• Teamwork
• Client/citizen focus
• Professionalism
• Commitment to continuous learning
• Time management skills
• Demonstrated ability to build collaborative working relationships with government counterparts, private sector and civil society organizations
• Knowledge of public sector assets management, accounting and general fleet management;
• A high level of attention to detail and accuracy;
• Communication, reporting and writing skills
• High presentation and reporting skills
• Communication and reporting skills
• A full member of either ACCA or CPA
• Ability to communicate messages in a consistently effective, timely and engaging manne

Job Experience: No Requirements

Work Hours: 8

Level of Education: Bachelor Degree

Job application procedure
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