Summary

Are you a highly skilled and results-driven Financial Management (Implementation) Specialist with a passion for optimizing financial resources and driving sustainable growth? We are currently seeking talented professionals like you to join our roster of experts for our upcoming assignments.

As a Financial Management (Implementation) Specialist you will play a critical role in helping our clients manage their financial resources effectively and efficiently. Your expertise in financial planning, budgeting, and analysis will help our clients achieve their goals and objectives, while your knowledge of financial regulations and risk management strategies will ensure the long-term sustainability of their organizations.

With your skills and expertise, you will help our clients navigate complex financial landscapes, identify areas for improvement, and develop strategies to maximize their financial performance. Your contributions will have a direct impact on the success of our organization and the communities we serve. Join us in our mission to drive positive change through financial management excellence.

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Terms of Reference

I. Introduction

The Financial Management (Implementation) Specialist is responsible for ensuring the effective management of financial resources and compliance with financial regulations. They develop and implement financial management frameworks, conduct regular financial assessments, and provide timely financial reports to stakeholders.

The Specialist works closely with other departments to ensure integrated financial management practices and provides training and capacity building to project teams. They ensure compliance with donor regulations and reporting requirements and manage project budgets and financial resources to ensure efficient use of resources.

The Specialist reports to the Team Leader / Project Director and is a key member of the project team.

II. Scope of Work

• Design a generic financial management, accounting and reporting and internal auditing system in accordance with applicable financial management guidelines.

• Ensure full implementation of the system.

• Periodic review of accounting records of the project offices and to ensure that standard procedures and requirements are met by these offices.

• Set up processes and checklists for pre-audit of all contractor/supplier bills prior to payment.

• Design and set up monthly project accounts and financial reports.

• Design and set up preparation of monthly internal auditing reports for stakeholders. 

• Design various financial reports which will be used in the project’s quarterly progress report.

• Training of project staff on financial management procedures.

• Maintain and update the accounting records of project offices and to ensure that the standard procedures and requirements are met by these offices

• Pre-audit and verification of all contractor/supplier bills prior to payment.

• Prepare monthly project accounts and financial reports.

• Prepare monthly internal audit reports.

• Provide requisite financial input for the quarterly progress reports.

• Prepare annual financial statements and accounts within one month of closing of the fiscal year, and coordinating the external audit activity.

• Organize the financial data collection for reporting purposes from all entities involved in the project implementation.

• Coordinate with the project director/team leader and other specialists to ensure the timely reporting of relevant financial data.

• Report regularly to the project director/team leader about the financial progress, gaps, and issues related to project implementation.

• Provide inputs for the Project Administration Manual / Guidelines.

• Provide inputs for the review missions and project completion report.

• Undertake other tasks related to project financial management as deemed necessary.

The above job description and responsibilities are intended to describe the general nature and level of work being performed by the Specialist. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required. Management may assign additional responsibilities as needed, and the employee is expected to perform other duties as assigned. This position requires dedicated professionals who can work independently, manage multiple tasks, and meet deadlines.

III. Deliverables

• Inception Report

• Financial Management Manual, Guidelines, SOPs

• Periodic progress reports, technical briefs, and presentations

• Periodic, monthly and annual financial statements

• Interim Report

• Draft Final Report

• Final Report

IV. Education and Experience Requirements

Minimum Qualification Requirements:

• A degree from and accredited academic institution in finance, financial management, or a related field. Must possess an accounting qualification such as CA / CMA / ACCA / CPA, etc;

• Excellent written and spoken communication skills in English.

• Fluent in English and Urdu communication skills (written and spoken).

• Excellent writing and presentation skills in English will be preferred.

Experience Requirements

• Ten years of experience in financial management, i.e., financial management implementation, financial reporting, financial planning, financial due diligence, financial training, etc.

• At least 5 years of professional experience in international organizations, projects, or organizations financed by international agencies (World Bank, Asian Development Bank, United Nations, etc.)

• Strong knowledge of World Bank, ADB, or other international agencies' policies, procedures, and requirements

• Familiarity with data analysis software and reporting tools

• Proficient in all Microsoft office applications.

V. Places of Assignment

Multiple locations in Pakistan

VI. Compensation and Benefits:

We understand that joining a network of experts doesn't automatically guarantee engagements on projects or assignments. However, by becoming part of our roster of experts, you'll gain access to a range of benefits designed to help you grow your professional profile and expand your network. While we can't promise guaranteed engagements, we're committed to providing a platform that empowers you to take control of your consulting career and achieve your goals.

Once you are engaged for a specific project or assignment, you will be offered a market-based compensation and benefits package that truly reflects your expertise and the value you bring to our team. This includes:

• An attractive daily, monthly or input based remuneration rate, which is regularly reviewed and adjusted to ensure it remains competitive within the industry, so you can be confident in your financial security.

• Opportunities for performance-based bonuses and incentives, allowing you to earn additional compensation for your hard work and dedication, and be rewarded for your success.

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How to Join:

Apply online by submitting your application form to join the PCS ExpertSphere Roster of experts.

We look forward to hearing from you!