REQUEST FOR EXPRESSION OF INTEREST.
The Government of Mongolia has received a credit from the International Development Association toward the cost of the Strengthening Fiscal and Financial Stability Project (SFFSP), and it intends to improve fiscal policy and sustainability in a mineral-based economy, protect the poor and vulnerable, and restore confidcence in the financial sector. The Ministry of Finance (MOF) will be responsible for the implementation of the project, including overall coordination, results monitoring. The MOF is seeking to hire a Financial Management Specialist for sub-component#E.

SCOPE OF THE ASSIGNMENT
Key responsibilities of the FMS will include the following, but not limited to:
• Designing, establishing and maintaining an appropriate project financial management system including functions of budgeting, accounting, financial reporting, internal controls, and external auditing;
• Establishing a computerized financial management system with an appropriate chart of accounts set up the project for accounting and reporting;
• Preparing the project financial and disbursement plans on a monthly, quarterly and annual basis;
• Managing and maintaining Designated Account (DA) and Sub Accounts (SAs) and their replenishment in accordance with the World Bank’s disbursement requirements;
• Maintaining up-to-date accounting records and ledgers as well as asset registers;
• Preparing monthly bank reconciliation statements in a timely manner;
• Monitoring the project disbursement and preparing withdrawal applications and supporting documents (i.c Statement of Expenditures and Summary Sheet for submission to the World Bank via the Client Connection System (https://clientconnection.worldbank.org));
• Ensuring that a proper internal control system is in place to achieve accountability at level;
• Properly filing and maintaining all accounting forms and supporting documents;
• Preparing quarterly and annual Project IFRs as part of Project Progress Reports and submitting them to the Bank;
• Working with external auditors to complete the annual audit for the Project in a timely manner and submitting audit reports to the Bank and the MOF;
• According to the standard formats approved by the MOF, preparing and submitting:
o Annual and quarterly financial reports for the Project expressed in MNT (e.g. Balance Sheet, Income Statement, Cash Flow Statement, Statement of Owner’s Equity and other related information and data) through the E-Report system (http://119.40.100.204/EReport/);
o Income tax statements (for the PIU staff and all consultants) expressed in MNT through the electronic system of the General Department of Taxation (https://e-tax.mta.mn/portal);
o Monthly Social Insurance Statements to the Government’s Social Insurance System (https://app.ndaatgal.mn/onlineshim/);
• According to the Law of Glass Accounts, disclosing all the required monthly, quarterly and annually financial reports, audit reports and other financial datas and informations to the Glass Account Portal in a timely manner (http://shilendans.gov.mn/); and
• Performing any other tasks as reasonably assigned by the Project Coordinator.

SHORTLISTING CRITERIA/CONSULTANT’S QUALIFICATIONS:
Education: A suitable candidate should have a bachelor’s degree in finance or accounting AND professional certification i.e. CPA, CA or ACCA.
(Note: Candidates holding a Bachelor’s degree only but with relevant experience in the field of finance and accounting are welcomed to apply.)
Experience: Incumbent should have at least 5-8 years of direct relevant professional experience in finance and accounting. The candidate should possess the ability to work with an accounting system and be familiar with laws and standards relating to accounting, financial reporting, auditing, and taxation. Knowledge and experience of financial management procedures of international organizations would be an advantage.;
Language skills: Ability to clearly communicate in Mongolian and English both in writing and speaking.
Computer literacy: MS Office proficiency such as Word, Excel, PowerPoint, etc;
Other skills: a. High professional and personal integrity, b. Excellent communication and interpersonal skills, c. Ability to collaborate effectively with the relevant stakeholders and implementing agencies, d. Ability to function independently and collaboratively in a team environment, e. Organizational skills with the ability to handle multiple assignments

CONTRACT DURATION:
The work is expected to commence in September, 2018. The duration of the assignment is for 12 months. The selection will be in accordance with the World Bank’s Procurement Regulations for IPF Borrowers (July 2016).

If you possess the above qualifications, please submit following documents in person:
Cover letter indicating why she/he considers her/himself suitable for the position,
Detailed CV highlighting relevant skills/experience,
Copy of diplomas or certificates and,
2 reference letters from previous last two employers no later than 10:00 A.M, September 19, 2018.

The submitted documents will not be returned to the applicants. Please be noted that incomplete applications would not be considered for evaluation. Only selected candidates will be contacted. Candidates can be interviewed. Detailed terms of reference can be requested from procurement@sffs.mn Contact address: Attn: Ms.L. Bayarmaa, Procurement Specialist, Strengthening Fiscal and Financial Stability Project
Room #204, Negdsen undestnii 8/2, 4th khoroo, Chingeltei District, Ulaanbaatar, Mongolia; Tel: 70120582

70120582