Financial Management Specialist

CCDA has limited financial management capacity to implement internationally financed development 
projects.  The Project will provide significant financial consultancy support to establish and implement 
Project’s financial management systems. 

The Financial Management Specialist will play a critical leadership role in providing the needed 
consultancy support.  His/her tasks include (i) provide the broad oversight and direction for developing 
the Project’s financial management systems; (ii) provide guidance and mentoring support to the Financial 
Management Officer to ensure adequate day-to-day implementation of those systems, and (iii) develop CCDA 
financial management capacity (e.g., needs assessment, defining requirements, establishing rules, 
procedures, systems and controls, training and other capacity development activities.) Candidates 
engaged for this position should be prepared to mentor local counterpart staff in financial management 
procedures to build capacities within CCDA.

The consultant will assist CCDA to establish the financial management mechanisms and operate same for 
the PPCR financed project. 
i.  Guide and support the financial management officer to develop a sound project financial manual 
ii. Guide and support the financial management officer to design the form and content of the key 
financial reports and statements; in setting up accounting system with Chart and Code of Accounts 
accommodate all categories outlined in Schedule III of the Grant Agreement in accordance with 
International Accounting Standards, IPSAS, or the equivalent national standards;
iii.  With assistance of the local IT specialist, install the new systems and procedures in CCDA and 
test the systems reliability, accuracy and integrity.  Develop a strategy for longer term computerizing 
of the systems in CCDA.
iv.  Develop and submit PMU’s budget to input into CCDA’s overall budget; 
v.  Develop new standard procedures for procurement and control of finances; develop payroll systems and 
capability;
vi.  Monitor the effectiveness of implementation of the tariff of levies, fees and charges, and ensuring 
that the potential for revenue collection set in place;
vii. Develop an in-depth financial management training programs for CCDA and relevant partners to ensure 
that accounting staff understand the procedures and practices of the new project financial management 
system;
viii. Conduct training sessions on government financial legislation and on application of the accounting 
policies and procedures manuals, including international accounting standards;
ix.  Prepare a training manual for continual training by the Accounting Department on the new accounting 
procedures. The manual should include the topics and contents to be covered as well as a schedule for 
regular, ongoing training programs to be conducted by the Accounting Department in association with the 
Office of the Auditor General on accounting and auditing issues for public entity staff.
x.  Ensure the financial systems and procedures set up for role definition, training analysis and staff 
development, and succession planning are operating and can be sustained after TA completion.
xi. Guide and support the financial management officer to prepare year-end project financial statements 
and ensure timely recruitment of independent audit firm and submission of audited project financial 
statements to ADB within required period of time. 
xii. Ensure that all recommendations reflected in management letters by the auditors are implemented, 
monitor and ensure integrity of financial management information on daily basis.

The Financial Management Specialist will hold a Masters’ degree in accounting, finance, and professional 
certification as a ‘Certified Accountant’ or ‘Certified Practicing Accountant.’ S/he will have at least 
15 years professional experience in government or the private sector and ideally have experience working 
on development partners’ funded projects. The specialist must be able to demonstrate the necessary 
skills used to establish project accounts to an international standard with the chart of accounts in 
accordance with the government’s accounting system, operated on an approved international accounting 
package with double entry procedures.