Financial Management Specialist

hace 6 días

Panamá, Panamá World Bank Group A tiempo completo

**Financial Management Specialist**

Job #:
req31703
Organization:
World Bank
Sector:
Financial Management
Grade:
GF
Term Duration:
4 years 0 months
Recruitment Type:
International Recruitment

**Location**:
Panama City,Panama
Required Language(s):
English/Spanish
Preferred Language(s):
Closing Date:
2/19/2025 (MM/DD/YYYY) at 11:59pm UTC

Description

**Institutions Global Department Context**

An effective and accountable governance framework in the form of functioning institutions is a necessary precondition for sustainable poverty reduction. Fragile, ineffective or inexistent institutions have long been presented as key constraints to effective service delivery and hence to the achievement of development objectives in many countries. Furthermore, poor governance and structural deficiencies in public and private institutions are often prevalent in fragile and conflict affected states. In addition, cross-country empirics have confirmed that higher institutional quality is correlated with higher levels of per capita income and greater economic growth. Thus, governance mechanisms and institutions are critical to sustained growth and poverty alleviation.

**Regional Context**

The World Bank Group serves 31 client countries in the Latin America and the Caribbean Region (LCR). Clients range from large rapidly growing sophisticated middle-income clients to IDA countries to small Caribbean states and include one fragile state (Haiti). Despite immense resources, dynamic societies and an average annual per capita income of about US$4,000, deep inequalities persist in most LCR countries, with nearly a quarter of the Region's people living in poverty.

**Unit Context**

The Financial Management (FM) unit of the Institutions Global Department in LCR has the following key functions: (i) carrying out high quality financial management services (i.e. project preparation and implementation support) in Bank-financed operations and advancing the use of country Public Financial Management (PFM) systems to enhance development effectiveness; (ii) supporting partner countries in enhancing their PFM performance and capacity, working collaboratively with other Global Departments and regional and corporate Bank units; and (iii) supporting partner countries in developing their professional accountancy institutions, and corporate financial reporting performance (including accounting and auditing standards).

The Unit is recruiting a Financial Management Specialist (FMS) based in Panama City, Panama to work primarily on Central American Countries. The FMS will be part of the regional Institutions Global Department staff and will report to the Unit Manager.

**Duties and Accountability**

The FMS will work on all financial management (FM) aspects of the Bank's operations in LC2 countries, and as required by the Unit Manager. Duties and accountabilities will include:
**Part I. Fiduciary Assurance Functions**
- Assessing the adequacy of project financial management arrangements;
- Providing implementation support and supervising projects;
- Ensuring compliance with the Bank's audit and other FM requirements;
- Ensuring that project operations are carried out in accordance with sound financial management practices;
- Performing analytical work on financial management and accountability issues;
- Carrying out capacity building activities as part of the Governance team; and
- Contributing to corporate tasks such as the preparation of country briefs, policy and thematic notes, and regional, Global Department, and corporate knowledge products.

The FMS is expected to take a proactive role in providing advice and support to clients and for the adoption and use of agile and innovative approaches to strengthening fiduciary assurance over the use of funds.

**Part II. Public Financial Management (PFM) Functions**
- Relevant knowledge and professional experience in public sector financial management; and supporting partner countries in enhancing their PFM performance capacity, would be a distinctive advantage.

Selection Criteria

**The position requires**:

- Strong client orientation, interpersonal and integrative thinking skills.
- A qualified professional accountant (CPA, CA, ACCA or equivalent membership of an internationally recognized professional accountancy body).
- A Master's degree in a relevant field (e.g., accounting, public financial management, finance, public policy) or another related field.
- At least 5 years of relevant professional experience.
- Bank project management and instruments knowledge and understanding.
- Public Financial Management Systems Knowledge and ability.
- Strong written and verbal communication skills in English and Spanish.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

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