Senior Financial Management Specialist

UNOPS, Colombo, Sri Lanka

Skill Required:, Finance and Accounts
Preferred Experience: 
5 years
Closing Date for Applications: 
14th May, 2019


Job Description

Background Information - Job-specific

In 2016, Sri Lanka was declared eligible to receive a Millennium Challenge Compact, a large-scale five-year grant program ($480 Mn.) MCC is developing the compact in partnership with the Government of Sri Lanka to promote inclusive economic growth, reduce poverty and increase economic opportunities for the people of Sri Lanka. The compact will be funded completely through grants by MCC and the focus areas will be Transportation and Land Reform.

Based on an analysis of Sri Lanka’s economy and the constraints that are holding back private investment and growth, MCC expects to invest in projects proposed by the Government of Sri Lanka in the transport and land sectors.

Transport: Improve road networks and the bus system in the Colombo Metropolitan Region, and improve road connectivity between the central region and ports and markets in the Western Province. It would also upgrade more than 300 kilometers of urban and interprovincial roads.
Land: Improve land administration, and strengthen land rights and tenure security.
UNOPS would have a significant value add in terms of its experience in procurement, recruitment and fiduciary advisory services, not for profit nature, transparency and accountability and local presence and is desirous of being considered by the MCC for this purpose. While the proposed MCC Sri Lanka Compact is in the final stage of development, MCC requires a Senior Financial Management Specialist to support the Millennium Challenge Account (MCA - an accountable entity responsible for compact implementation, overseen by MCC when a compact is awarded)

Functional Responsibilities

This position is prospective in nature. Candidates will be assessed and selected through UNOPS formal selection process. However, contract offer is contingent upon successful outcome of UNOPS’ bid submission on the project.

  • Responsible for assurance of compliance and provision of final approval for all payments
  • Resolution of all approval and authorization problems including participation with the Fiscal Agent Manager (FAM) in the resolution of any major problems
  • Assistance to MCA in developing / updating DFP and related budget plans
  • Responsible for cash-flow / budget planning/monitoring and forecasting and for MCC fund utilization monitoring
  • Responsible for oversight on advances, retentions etc.
  • Responsible for developing manuals and SOPs
  • Responsible for maintaining the integrity of reports produced by the financial management system
  • Responsible to maintain close working collaborative relationships with MCA staff.
  • Responsible for assurance of compliance of all payments with relevant rules, regulations, processes and procedures.
  • Responsible for asset accounting and physical verification
  • Responsible for reconciliations and passing of journal entries
  • Maintenance of filing system (physical and electronic) for all disbursement and technical documents required for approval and authorization of payments
  • Responsible for VAT issues and if exist VAT-related data entry
  • Support to FA deliverables such as Audit Plans etc.
  • Participation in the development of the Final FAP and in the review and updating of the document and training of relevant MCA staff on any changes
  • Reporting to the FAM

Monitoring and Progress Controls

The effective and successful achievement of results by the Senior Financial Management Specialist directly impact on the availability of UNOPS’ financial resources to effectively develop and implement the organization’s programmes and projects. It enhances the organizations financial and programme performance, demonstrating UNOPS’ effective stewardship of donor and partner funds. These promote the credibility of the organization as an effective service provider in project services and management.

Education/Experience/Language requirements

Education

  • Master’s Degree in business, economics, finance, accounting and public administration;
  • Bachelor’s degree with additional years of relevant experience may be considered in lieu.
  • Training in economics, finance, accounting, or related field is desired
  • Professional financial management/accountancy qualification or equivalent specialized training is required

Work Experience

  • Minimum of 5 – 7 years significant experience working as a financial management professional in South/ South East Asia.
  • Experience of similar MCA Compact, GFATM or World Bank project is desirable;
  • Experience working in projects financed by international donors
  • Demonstrated experience in the design, maintenance and use of automated financial management and accounting systems. Experience with SAP-based systems desirable
  • Experience setting up a financial management operation, developing budgets, cash management and related tasks.
  • Experience of working closely with Government officials and counterparts.
  • Experience of fiduciary oversight of large donor funded programs.

Language: Speaking, writing, and reading fluency in English is required. Strong oral and written communication skills in English.

Source:https://jobs.unops.org/pages/viewvacancy/VADetails.aspx?id=17843#1


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