Financial Management Specialist

About the role

The Ministry of Energy and Water Resources of the Federal Government of Somalia is recruiting an individual consultant to serve as a Financial Management Specialist within the Project Implementation Unit (PIU) it will set up for the HAREACT project. The project, covering household access to renewable energy and advanced cooking technologies, is supported by financing from the African Development Fund. The post is based in Mogadishu and the consultant reports to the Project Coordinator.

What you will do

• Establish and maintain sound financial management and accounting systems for the project, providing advisory and technical assistance to the Ministry.
• Carry out financial planning, budgeting, accounting, internal controls, treasury and cash flow management, and disbursement monitoring.
• Prepare withdrawal applications, periodic financial reports and annual financial statements.
• Coordinate internal and external audits and follow up on audit findings.
• Monitor expenditure against approved budgets and work plans and keep complete financial records.
• Advise the Project Implementation Unit on corrective actions and ensure funds are managed in line with the Financing Agreement, government regulations, accounting standards and the Bank's fiduciary requirements.
• Strengthen the financial management capacity of Ministry and project staff through hands-on training, mentoring and knowledge transfer.

What you need

• A university degree in Accounting, Finance, Economics, Business Administration or another relevant field, with at least seven years of relevant professional experience in financial and administrative management, including at least four years in development projects financed by multilateral or bilateral donors; or a master's degree in one of these fields with at least five years of relevant experience, including at least four years in such donor-funded projects.
• An accounting qualification recognised by IFAC, such as ACCA or CPA, is an added advantage.
• Demonstrated experience in public sector financial management, including use of Integrated Financial Management Information Systems.
• Experience working with donor-funded projects such as those of the African Development Bank, the World Bank and/or other international development agencies.
• Good knowledge of the concepts, principles and approaches of international financial management systems.
• Knowledge of the technical, commercial and legal aspects of financial management across all phases of project operations.
• Analytical clarity, problem-solving and negotiating skills, with the ability to balance project objectives and financial management requirements with client needs.
• A high degree of integrity, judgment and tact in handling sensitive, diverse and confidential material, and availability of appropriate skills.
• Understanding of Bank business objectives, policies and practices related to the project or sector and their links to financial management is an added advantage, as is familiarity with public sector financial management.

Experience

The notice asks for a minimum of seven years of relevant professional experience with a first degree, or five years with a master's degree, and in either case at least four years must have been spent on development projects financed by multilateral or bilateral donors.

How to apply

Submit an Expression of Interest together with a detailed curriculum vitae, three references and scanned copies of education degrees and other relevant certificates, marking the submission as an Expression of Interest for the individual consultant post of Financial Management Specialist. Applications that do not meet these requirements will not be considered.