Selection of Financial Management Specialist

Published by Ministry of Disaster Management & Relief, Department of Disaster Management. Procuring Entity: Project Director, Bangladesh Sustainable Recovery, Emergency Preparedness and Response Project (B-STRONG) (DDM Part). COUNTRY: Bangladesh NAME OF PROJECT: Bangladesh Sustainable Recovery, Emergency Preparedness and Response Project (B-STRONG) (DDM Part) Credit No. : IDA 7786-BD Assignment Title: Selection of Financial Management Specialist Reference No. (as per Procurement Plan): BSTRONG/DDM/SI-03 The Government of the People’s Republic of Bangladesh has received financing from the World Bank toward the cost of the Bangladesh Sustainable Recovery, Emergency Preparedness and Response Project (B-STRONG) (DDM Part), and intends to apply part of the proceeds for consulting services. The consulting services (“the Services”) include, but not limited to following scope: • The Consultant shall work under the supervision of PD and with close association with other members of the PIU. The Financial Management (FM) guidebook issued by the World Bank will be the key guiding rule for project’s financial management. The FM guidebook provides details procedures to be followed by the project on the financial management arrangements such as: (i) Budgeting; (ii) Fund flows; (iii) Accounting; (iv) Internal controls; (v) Financial reporting (quarterly IFRs); and; (vi) External audit based on statement of audit needs agreed with Controller and Auditor General (C&AG) of Bangladesh. • The overall responsibility of the Consultant is to maintain register, books and other records; facilitate classification and analysis of financial information; check and verify bills and cheques; prepare documents for timely replenishment of donor's fund; prepare annual budgets; revise budget and financial plan and annual and quarterly disbursement forecast; attend and participate in project review meetings; liaise with Chief Accounts Office of concerned Ministry and both external and internal auditors for facilitating smooth implementation of the project activities. • The role further requires the ability to prepare DPP, RDPP, restructuring of Financing Agreement and Project Completion Report (PCR). The detailed Terms of Reference (TOR) for the assignment could be found at the following website: www.ddm.gov.bd Procurement Method: Selection of Individual Consultants (SIC). Budget and Source of Funds: Development Budget Loan. Experience and Resources Required: The Bangladesh Sustainable Recovery, Emergency Preparedness and Response Project (B-STRONG) (DDM Part) now invites eligible Consultants (“Consultants”) to indicate 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 shortlisting criteria are: a) Educational Qualification • At least a Bachelor’s Degree in Accounting Business Administration/Finance or related subject. • Associate or member of a Professional Accountancy Organization (PAO) (CA/ACCA/CMA etc.) recognized by the International Federation of Accountants (IFAC) will be an advantage b) Experience • At least seven (7) years’ post qualification experience in financial management of which at least three years as a financial management expert in any World Bank funded development project implemented by any Govt./Semi. Govt./Autonomous bodies, being actively involved and fully conversant with the large contract payments, GoB budget, fund release and reporting formalities, knowledge regarding rules and regulations for budgeting, accounting, financial reporting and auditing. • At least three (3) years’ experience about Management Information System(MIS) • Extensive knowledge of Government budgeting, fund release and reporting requirements; • Extensive knowledge of IDA’s financial management and disbursement procedures; • Excellent spoken and written Bengali and English skills; • Fully conversant with and have had hands on experience with computerized accounting system with ability to assist in implementation and customization; skills in software installation and troubleshooting will be added advantages; • Experience in World Bank's disbursing and reporting requirements; and working with World Bank or similar financiers’ funded projects will be an added advantage; • Candidates with experience with Client Connection, and IBAS++ preferred; • Proven track record of ability to develop a chart of accounts befitting the relevant computerized accounting system and the reporting; • Strong organizational and planning skills with the ability to work independently as a team player and under pressure; • Strong interpersonal communicative skills, experience in team leadership and participatory management; • Ability to train the project staff on financial management system. • Age must be within 55 years.. Location: Dhaka, Bangladesh. Contact: Doyananda Debna