The Client, a recipient of World Bank Assisted Project Funds desires to set up a Project Management Unit (PMU) for the establishment of a major agricultural processing facility in Kogi State, Nigeria, and now seeks highly qualified and experienced candidates for ten (10) positions within the PMU.
Job Title: Financial Officer
World Bank Assisted Project – Nigeria
Applications open to Nigerians and Non-Nigerians.
Overall Function of the Position:
The Finance Officer will manage the disbursement of all funds made available under the World Bank Credit. She/He will be responsible for managing the financial economics of the Project and deploying Project Resources in a timely, efficient and effective manner.
Specific Duties of the Position:
Manages the disbursement of all funds made available under the World Bank Credit in accordance with the credit item budget and contract terms.
Sets up special account in both the Nigeria’s Reserve Bank and in Commercial Banks to ensure timely payment for goods and services funded under the project.
Reviews Payment by Results (PBR) requirements and ensures targets and milestones are in alignment with payment schedule and cash flow needs and payments received will align to required cash flow projections.
Prepares quarterly financial report as per WBG requirements, ensuring it is complete, accurate and produced on time to ensure adequate review, approval and submission to the Project Director.
Applies all prudent controls which the WBG requires for the management of credit funds and produces timely and reliable financial reports as specified in the financial guidelines of the program.
Reviews fund withdrawals from Project accounts to communities, budget disbursement and to that end, periodically projects expected disbursement requirements and remaining credit available, notifies WBG officials in sufficient time to make required funds available and confirms the receipt of funds into accounts which the PMU controls.
Prepares and processes withdrawal applications to the Funding Agencies.
Participates in the preparation of the annual work plan and budget.
Consolidates the State and community level financial reports for the SCPZ program.
Undertakes any other duties as may be assigned by the Project Director.
Minimum First Degree in any relevant discipline.
Minimum 16 years’ experience in a Finance department, with at least 5 years at Finance Manager or Supervisor level.
Knowledge of computerized accounting software and high-level Excel.
Prior working experience with international donor funded organization.
Knowledge and experience of WBG”s commercial contract rules and regulations is essential.
Should be able to work with limited supervision, be flexible and comfortable in a multi-cultural work force.
Good communication skills: ability to build good working relationship with project team and partners at a range of levels and in different locations.
How to Apply