The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.
Overview
World Bank is hiring eligible and interested applicants for the post of ET Consultant – Financial Management at their New Delhi, India locations.
To complete details for this job are as follows.
Role and Responsibilities:
- Extended Term Consultant (ETC) will be responsible for the following key duties:
- Oversee the FM fiduciary work program, ensuring the quality, relevance, and timeliness of inputs; manage work planning and staff allocation; and represent FM views in key meetings.
- Assess the adequacy of financial management systems for World Bank-financed projects, provide implementation support, supervise project financial management, and offer advice to borrowers and Bank Task Teams.
- Lead efforts in defining practices for development policy lending, sector programs, and governance, and develop strategies for harmonizing FM approaches with other development partners.
- Contribute to the use of country systems in Bank-assisted operations and support the development of public financial management, accounting, auditing standards, and institutional infrastructure.
- Provide technical input into policy and strategic work, support capacity building, governance, PFM work programs, and offer mentoring and coaching to other FM team members.
Selection Criteria
- Minimum of a master’s degree in a relevant field (e.g., accounting, business, finance, or economics) along with a professional accountancy qualification (such as CA, ACCA, CPA, or an equivalent certification from an internationally recognized accounting institute) and at least 5 years of post-qualification experience in financial management.
- Prior experience with World Bank or other development partner operations is highly desirable.
- Demonstrated expertise in budget formulation and execution, including comprehensive knowledge of budget processes, classifications, treasury, cash management, and the impact of budgets on Bank financing and project implementation.
- Proficient in Financial Management Information Systems (FMIS), with strong knowledge of internal controls, internal audit, and risk management frameworks, as well as the ability to implement these effectively to prevent and detect fraud.
- Extensive knowledge of IFRS, IPSAS, or equivalent national standards, international auditing standards (IFAC, INTOSAI), and a thorough understanding of financial reporting principles. Experience in leading FM reforms and providing mentoring on the Bank’s FM risk model is essential. Additionally, strong skills in sector dialogue and policy advice to help clients adapt best practices to meet their needs are required.
- Proficiency in English, both written and spoken, is essential. Strong communication skills, including the ability to convey complex financial information clearly and concisely, are required.
- Excellent interpersonal skills with a proven ability to work effectively in a multicultural and multidisciplinary environment. Ability to build and maintain strong relationships with clients, colleagues, and stakeholders, and to work collaboratively within a team.
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