Under the oversight and guidance of the Division Manager, Financial Management, the Principal Financial Management Operations Officer will:
Provide technical guidance at the Field Offices in the financial management activities of assigned projects and programs within the framework of the Bank’s policies and guidelines all over the operations cycle.
Take a proactive role ensuring ‘Quality at Entry work’ in assessing the adequacy of the Borrower’s project financial management systems and the borrowers’ ability to manage and monitor Bank financed projects. This includes budgeting, internal control, treasury management, accounting, financial reporting and external auditing;
Oversee the review of and provision of comments on financial management aspects of assigned projects and programs as documented in concept papers, feasibility studies, appraisal reports and other relevant documents to ensure consistency and enhance the quality of projects/program from the financial management perspective.
Attend negotiations and ensure FM issues are taken into account in the financing agreement and other associated documentations
Participate in project/program launching missions to assist the project/program team in developing capacity building of the Executing Agencies in the area of financial management.
Undertakes on-site and desk supervision mission on a risk-based approach and issues the supervision reports including FM performance ratings and drafting the contribution to the aide memoire
Carry out supervision work to ensure that projects financial management systems are functioning appropriately, including the periodic review of project financial management reports for financial performance;
Provide advice and support to Borrowers and the Bank Project Teams on matters affecting financial management and disbursement on capacity building in projects and with public sector accountability institutions;
Provide financial management guidance for the development of technical assistance programs and evaluate and monitor their implementation;
Assess the selection and recruitment of external independent auditors, ensuring their suitability including their independence, and competence to perform;
Participates in PEFA, SAI-PMF, and ROSC-AA Assessments and on that basis, provides information to Bank operations and other initiatives in the countries concerned.
Plays an active role in CPPRs from the financial management perspective and draft the FM part of the CPPR report
Undertake Capacity building on FM issues in the countries and in sector departments in the Bank
Participate in fiduciary clinics;
Participate in donor coordination meetings within the region (not continent wide or global) and in country dialogue platforms between the country and the donors on the basis of the overall Bank’s strategy to support aid effectiveness