Reference: | B32/CS/013 |
Client: | Ministry of Finance |
Category: | Consultancy Service |
Advertised: | 6/16/2022 |
Deadline: | 6/27/2022 15:00:00 |
A. BACKGROUND
Mongolia has been implementing the Strengthening Fiscal and Financial Stability Project (SFFSP) with a credit financing from the International Development Association (IDA). The objective of the SFFS Project is to contribute to the Government of Mongolia’s efforts to strengthen fiscal and financial stability and improve the quality of expenditure. The project is designed into five components: (i) Strengthening Macroeconomic and Fiscal Management; (ii) Improving the Efficiency of Public Financial Management; (iii) Enhancing Financial Sector Stability; (iv) Strengthening the Social Protection System; and (v) Project Management and Monitoring. The objectives are to strengthen fiscal responsibility and implement the relevant policy measures; improve fiscal discipline; strengthen the resiliency of the banking system; improve public expenditure quality in social protection; and provide support for Project implementation, coordination, monitoring and evaluation, including, inter alia, audit arrangements, reporting requirements, procurement and financial management activities, respectively. For more details, please refer to the Project Appraisal Document Report No. PAD2269
Under the subcomponent B3.2 on Improving the Efficiency of Public Financial Management, there is a subcomponent on strengthening the public financial management institutional capacity as well as improving the functions and operations of the Ministry of Finance (MOF). Within this subcomponent, the Financial Division (FD) of the Ministry of Finance (MOF) plans to conduct and improve the budget planning and execution of the portfolio of the Minister of Finance.
B. OBJECTIVE OF THE ASSIGNMENT
The main objective of the assignment is to provide technical assistance on planning, execution and financial reporting for the budget portfolio of the Minister of Finance, particularly in the areas of public investment, and foreign loans and aid for the fiscal year 2023-2024.
C. THE SCOPE OF WORK
Key tasks under the consultancy will include, but not be limited to, the following:
Task 1 – Develop a consolidated public investment plan for the budget portfolio of the Minister of Finance for 2023-2024.
Task 2 – Perform the following activities with regards to the semi-annual and annual financial and budget execution reports for the Minister of Finance's budget portfolio:
Task 3 – Support monthly activities related to the Monthly Project Budget Execution Reporting;
D. DELIVERABLES
Deliverable 1
Deliverable 2
Deliverable 3
E. CONSULTANT’S QUALIFICATIONS / SELECTION CRITERIA
Education: Bachelor’s degree in accounting and finance; and a professional certification such as CPA would be preferred;
Experience: At least 5 years of direct relevant professional experience in accounting and financial reporting. Adequate knowledge in the areas of budget execution and financial reporting, as well as legal knowledge of accounting, budgeting and investment;
Other skills:
F. SUPERVISION AND REPORTING
The consultant will report directly to the Director-General of the Public Administration and Management Department (PAMD) and the Head of FD and will work on a day-to-day basis with the officials appointed by the Director-General of PAMD to review progress with the work program and to resolve any outstanding issues.
All information provided to the consultant will be regarded as confidential and information will not be shared with any outside individuals or organizations.
All reports shall be prepared in electronic and hard format, which shall be submitted to the FD of Public Administration and Management Department and the PIU (SFFSP).
G. INSTITUTIONAL ARRANGEMENTS
The Ministry of Finance will provide an office space and will work with the national consultant on a day-to-day basis. The consultant shall be provided with all necessary data and information to perform the required tasks detailed in this TOR. The consultant is expected to communicate and coordinate his/her work with appointed specialists and if required other specialists from different department.
H. CONTRACT DURATION
The consultancy is expected to commence in June 2022 and the total duration of the assignment will be 10 months. If any task is not completed and accepted by the Client within the agreed-upon timeline, consultant should complete the tasks without any additional cost.
If you possess the above qualifications, please submit the following documents via email to procurement_sgm@sffs.mn:
1. Cover letter indicating why she/he considers her/himself suitable for the position.
2. Detailed CV highlighting relevant skills/experience.
3. Copy of diplomas or certificates; and,
4. Two (2) reference letters from previous last two employers no later than 15:00 PM, June 27, 2022.
The consultant will be selected in accordance with the World Bank’s Procurement Regulations for IPF Borrowers (July 2016).
The submitted documents will not be returned to the applicants. Please be noted that incomplete applications would not be considered for evaluation. Only selected candidate will be contacted.
Address for submission of Expression of Interest: Attention to Ms.Oyunyam.M, Procurement Specialist, Strengthening Fiscal and Financial Stability Project, Address: Room #205, Negdsen undestnii 8/2, 4th khoroo, Chingeltei District, Ulaanbaatar, Mongolia. Tel: 70120582 or via email to: procurement_sgm@sffs.mn
70120582