Recruitment of Financial Management Specialist for the RISE Project

REQUEST FOR EXPRESSIONS OF INTEREST

Assignment Title: Recruitment of Senior Financial Management Specialist

Reference No. GM-PPPPE-389182-CS-INDV

Background information

The Gambia, with its vibrant youth population and commitment to development, is poised for a promising future, yet faces several challenges. In the realm of basic education, the focus is on improving learning outcomes, particularly in the early grades, to ensure every child acquires necessary foundational skills. Especially for the youth, technical and vocational education and training (TVET) must be of higher quality and relevance to meet labor market demands, a challenge recognized and prioritized by the Government of The Gambia. For the large population living in poverty, the goal is to provide a second chance through access to social protection measures, skills training, and income-generating opportunities. These challenges, while significant, are being addressed with determination and a vision for a resilient, inclusive, skilled, and equitable Gambia.

Objective of the assignment

The main objective of the Senior Financial Management Specialist (SFMS) is responsible for supporting the project team in all aspects of financial management and monitoring of project funds with a view to ensuring a transparent and efficient financial management system for the Project. Under the supervision of the Project Coordinator, the SFMS in collaboration with the technical coordinators, will be responsible for managing and monitoring effective maintenance of the books of accounts of the Project.

He/she will carry out his/her responsibilities according to operating procedures as defined in the project’s manuals including the World Bank guidelines e.g., Procurement, Disbursements, Designated Accounts, etc., and liaising with all stakeholders on relevant financial matters.

Detailed Scope of Work

The main objective of the Senior Financial Management Specialist (SFMS) is responsible for supporting the project team in all aspects of financial management and monitoring of project funds with a view to ensuring a transparent and efficient financial management system for the Project. He/she will carry out his/her responsibilities according to operating procedures as defined in the project’s manuals including the World Bank guidelines e.g., Procurement, Disbursements, Designated Accounts, etc., and liaising with all stakeholders on relevant financial matters. The SFMS, will be in charge of the following:

• Finance and Accounts supervision
• Accounting records, Financial Control and Preparation of financial reports.
• Relationship Management Specific Qualifications and Selection Criteria:

Education

• A master’s degree in accounting, finance, business administration, public administration, or related field
• Certification as a Certified Public Accountant or chartered accountant such as ACCA, CPA, CA etc is required.
• A minimum of fifteen (10) years of progressively responsible experience in accounting, finance, budget, treasury, compliance, or related field required. Work Experience

• A minimum of ten (10) years of experience in financial management of Donor funded projects preferably the World Bank
• Experience in leading budget formulation, financial reporting to stakeholders is required.
• Eight (8) years of supervisory experience managing a large team or heading a finance unit is required.
• Working experience with International Public Sector Accounting Standards (IPSAS) and trust fund accounting is required.
• Working experience with an accounting system is required. Desirable

• Experience in managing cost recovery, cost reduction and efficiency in projects is desirable.
• Experience setting up a finance unit/ department is desirable.
• Experience working with other large-scale international or multi-national development organizations is desirable.
• Experience in project preparation, negotiation is desirable.
• Experience in data analytics is desirable.

Submission of Expressions of Interest:

The Gambia Fiscal Management Development Project now invites eligible individual consultants to express their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the services. The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” dated September 2023 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.

A Consultant will be selected in accordance with the Individual Consultants (IC) selection method set out in the Consultant Guidelines. Further information (Terms of Reference) can be obtained at the address below or via email during office hours from 09:00 to 16:00 Monday to Thursday and 09:00 to 12h30 on Friday.

Expressions of interest should be delivered in a written form to the address below (in person, or by mail) on or before 05 December 2023 at 12h30 GMT

Gambia Fiscal Management Development Project GFMDP

Royal Insurance Building

2nd Floor, Kotu Bertil Harding Highway

The Gambia

Email: [email protected] and [email protected]