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Financial Management Specialist (Individual Consultant)


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  • 1. Request for Expression of Interest Financial Management Specialist (Individual Consultant) The Government of the Islamic Republic of Afghanistan Private Sector Development Support Project Consulting Services: Financial Management Specialist (Individual Consultant) Grant No: H275-AF Project ID No.: P090928 EOI No.: PSD/AISA-C9 Advr Date: January 09, 2010 Closing Date: 31st January 2010 Expressions of Interest The Government of the Islamic Republic of Afghanistan has received a grant from the World Bank towards the cost of the Private Sector Development Support Project (PSDSP), aimed at improving the investment climate in Afghanistan for both foreign and domestic entrepreneurs. This project will support the construction of an industrial park in the Hessar-e Shahi area of Nangarhar province. In addition to the industrial park, the PSD project supports establishment of the Industrial Park Development Department (IPDD) and building its capacity. It will support establishment of an appropriate legal, regulatory and institutional framework for overall industrial parks development in Afghanistan. The Afghanistan Investment Support Agency (AISA) is the key implementing agency for this project. The AISA intends to apply a part of the grant for the services of an individual consultant to work mainly as Financial Management Specialist initially for a period of six (6) months. The length of the assignment may be extended depending on the requirement of the project. Terms of Reference (TOR) The Financial Management Specialist will carry out the following responsibilities: Afghanistan Investment Support Agency (AISA) 1. Build financial management capacity of AISA staff at the Finance Department through on the job training to support AISA financial activities such as budget preparation, expenditure management and financial systems integration: • Develop financial management training materials in accordance with the financial management manuals and provide training to the AISA finance staff;
  • 2. • Introduce new tools of financial management system, establish a web-based financial tracking system within AISA and train its related staff on its use; • Assist in overall budget preparation that includes preparing estimates of core and development budgets. Provide mechanisms for coordinating and developing periodic budgets (including annual and mid term budgets) for externally aided projects; • Establish a comprehensive budgeting system for IPDD in collaboration with the PSD Project Director and other member of the project team; • Establish budget reconciliation and financial reporting procedures for IPDD; • Monitor development and core budgets expenditures and set up necessary financial management information systems. Monitor expenditures relating to various donor supported programs (not channeled through Ministry of Finance) and provide necessary advice on efficient use of donor funding; • Revise the Financial Rules and Regulations (FRR) on Budget Management and develop Budget Policy; • Prepare quarterly un-audited financial statements and reports (financial monitoring reports) required by the World Bank for all the projects it is supporting; and any other financial reports that may be required by other donors; • Implement Financial Information Systems (FIS) at the level of projects and integrate them at the AISA level. Provide necessary monitoring tools at all levels. The FIS should also be integrated with the overall budget of AISA; • Develop an effective system of expenditure ceilings (expenditure targeting mechanism) within the overall budget allocation; • Coordinate with the Auditor General's office to facilitate the annual audit of the projects funded by the Bank as per legal agreement requirements; • Establish transparent procedures for internal audit of IPDD financial operations. PSD Support Project 2. Support the World Bank’s PSD Support Project in establishing Financial and Expenditure Management Systems:
  • 3. • Establish financial and expenditure management systems in the Project Unit consistent with donor standards and/or as laid out in the Government procedures; • Ensure that the expenditure controls are in place and provide overall supervisory support by acting as Project Finance Manager. Develop and implement accounting policies for individual projects, in line with the project covenants set out in the funding agreements, as per the guidelines of external agencies. Ensure expenditures are incurred only after all requisite approvals are obtained and the procurement guidelines applicable to the project have been adhered to; • Participate in donor meetings as a PSD Project FMS representative and prepare necessary financial reports; • Provide necessary support to project’s program implementation at field level, if required as a financial expert; • Prepare necessary budget and financial management manuals and implement an information system; • Train and coordinate with the Financial Officer recruited by AISA for the PSD Project; • Develop Multi-Year Rolling Budget Framework of the AISA’s projects especially PSDP; • Develop procedures for timely preparation and submission of financial reports, including provision of necessary supporting documentation necessary for undertaking external audits. The framework should enable maintenance of accurate and updated accounting records and documents, including vouchers, ledgers, bank statements, agreements and receipts; • Develop a simple data base which should meet requirements of Financial Management of Contracts issued under the Project. Qualifications The Financial Management Specialist should be a CA, MBA (Finance), Master of Commerce, M.SC/MA in Finance related subjects with a degree from a reputed institution, and should have at least eight (8) years of relevant experience. Preference will be given to those with work experience in international development institutions and in particular in the post-conflict countries. The work may require the FMS to undertake occasional travel to provincial cities.
  • 4. The FMS should be a good team player with good command in English and have excellent communication skills. She or he should be motivated, target driven and objective oriented. AISA now invites eligible individual consultants to indicate their interest in providing the services. Interested consultants must provide information indicating that they are qualified to perform those services (CV, brochures, description of the similar assignments, experience in similar conditions and appropriate skills). A consultant will be selected in accordance with the procedures set out in section V of the World Bank’s Guidelines: Selection and Employment of Consultants by World Bank Borrowers (May 2004). Interested consultants may obtain further information at the address below during office hours [i.e. 0900 to 1600 hours]. Expression of interest must be delivered to the address below by 1600 hours on 31 January 2010. Afghanistan Investment Support Agency (AISA) Attention: Mr. Naseem Akbar Director of Industrial Park Development Department (IPDD) Shah Mahmood Ghazi Watt, Opposite Ministry of Foreign Affairs, Kabul, Afghanistan Tel: + 93 799 336 526 Fax: + 93 (0) 20 210 3402 E-mail: Web site: