Senior Financial Officer SETCO
Senior Financial Officer SETCO
Job Title: SENIOR FINANCIAL OFFICER
Duty Station: State of Khartoum
Reporting to: Program Coordinator
Duration: One year with possibility of extension based on Performance with three-month probationary period
The Senior Financial Management Officer will be recruited for the PIU and under the supervision of the PIU Program Coordinator for day-to-day project activities. He/she will: (i) perform all necessary financial management activities under the SETAP and HoA-RISEs for the period of the assignment; (ii) coordinate the financial management functions with government counterparts if any and (iii) provide technical assistance and build the capacity of financial management staff within the PIU. He/she will manage the financial management activities of the project in strict compliance with: (i) the requirements of the Financing Agreement between the World Bank and the GoS; (ii) the Project Operation Manual (POM) and the Financial procedures Manual for this project, which is based on appropriate financial management best practice and international accounting standards.
SPECIFIC DUTIES and Responsibilities
Specifically, the Senior Financial Officer will:
Maintain all accounting records in line with accounting standards and in line with the World Bank’s and GoS’s regulations.
Ensure that disbursements are made in accordance with approved annual budgets and work plans together with the Project Coordinator.
Ensure that all payments are done in accordance with good accounting practices and in line with the project objectives and financing agreement.
Where applicable, ensure that the required World Bank No Objection letter relating to an expenditure is available before effecting payment.
Ensure timely processing of payments to suppliers, contractors, and consultants in line with the Project Operation Manual (POM) and the Financial Procedures Manual for the project
Ensure that the filing system of the accounting records are always satisfactory and easily retrievable for reviews and audit purposes.
Ensure that all accounting records are updated promptly.
Review monthly bank reconciliations for the project bank accounts.
Prepare the quarterly Interim Unaudited Financial Reports (IFRs) for all project funds, analyzed according to the categories and project components as appropriate, and comparative statement of
budget performance and ensure submission to the World Bank within the deadline stipulated in the Financing Agreement.
Prepare Annual Financial Statements of the project and liaise with the auditors from the National Audit Chamber to carry out the annual audits of the project.
Liaise with the internal/external auditors from the National Audit chamber to get project financial statements audited and follow up any audit queries/management letters.
Ensure submission of the annual audit report on project financial statements to the World Bank within 6 months after the financial year end.
Together with the Project Coordinator, maintain, develop, and update the financial procedures manual on a regular basis.
Ensure that no project category/component is overspent without proper authorization from the World Bank.
Work with other project staff, prepare annual work plans, and budget.
Review all aspects of the project work plan and budget based on the results of operations and changing economic conditions and recommend corrective measures to the management
Initiate corrective measures to address internal financial shortcomings and irregularities as the need arises.
Establish and enhance systems of internal control for the project activities as appropriate.
Prepare, monitor, and interpret cash flow forecasts in consultation with the Project Coordinator, the Procurement Officer, and other PIU teams.
Analyze changes in the forecast and advise the project management accordingly.
Ensure compliance with operating procedures of the GoS and the World Bank (e.g., procurement, disbursements, designated accounts, SOEs, IFRs, Special Commitments, etc.
Qualifications and experience
It is expected that the selected candidate will conform to the following qualifications and experience profile:
A qualified professional accountant (CPA, CA, ACCA) or equivalent membership of an internationally recognized professional accounting institute), with at least three years of post- professional qualification experience in auditing or financial management.
In addition, bachelor’s degree or a master’s degree in accounting, business, finance, economics, or related subject would be preferred. Familiarity with public sector financial management would also be valuable.
Strong oral and written capabilities in English (familiarity with Arabic will be an advantage).
Experience in the usage of computers and office software packages (MS Word, Excel, PowerPoint, etc.).
Ability to build and maintain effective relationships with the team members, clients, and external actors; and
Openness to change and ability to manage complexity under tight deadlines.
The Senior Financial Officer will reports directly to the Program Coordinator.
Duration of the assignment
This is a one-year assignment with likely extension based on satisfactory performance and business needs.
Deadline: 15th June 2021- At 22:00 PM (Sudan local time)
How to Apply
All qualified Sudanese candidates are encouraged to apply through sending application letter along with Cv by email [email protected], or by hand to Sudan Electricity Holding Co Headquarter, Khartoum North, Kafory. For vacancies see the list below.