BD:Coastal Embankment Improvement Proj - P128276
BANGLADESH WATER DEVELOPMENT BOARD(BWDB) | Published November 3, 2014 - Deadline December 1, 2014
Fresh Request For Expressions Of Interest (eoi) Forfinancial
Management Specialist (fms) Under Pmu,ceip-1, Bwdb,dhaka, Bangladesh
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Project Management Unit
Coastal Embankment ImprovementProject House No.15 (4th Floor), Road No.24
BANGLADESH WATERDEVELOPMENT BOARD
Memo No: WDB/CEIP/S-9/461 Date:02-11-2014
Fresh Requestfor Expressions of Interest (EOI) for
Financial ManagementSpecialist (FMS) under PMU
Coastal EmbankmentImprovement Project, Phase-1(CEIP-1)
Disaster Risk and Climate Change Unit
FinancialManagement Specialist (FMS) under PMU, CEIP-1
(ContractPackage No. CEIP-1/D1/S9)
Bangladesh Water Development Board (BWDB) under theMinistry of Water Resources (MoWR) is the implementing agency for Coastal Embankment ImprovementProject Phase-1 (CEIP?1). The overall projectdevelopment objective is to increase the resilience of coastal population tonatural disasters and climate change. More specifically, the project aims at(a) reducing the loss of assets, crops and livestock during natural disasters;(b) reducing the time of recovery after natural disaster such as cyclone; (c)improving agricultural production by reducing saline water intrusion which isexpected to worsen due climate change; and (d) improving the Government ofBangladesh's capacity to respond promptly and effectively during crisis oremergency. This objective will be achieved by rehabilitating and improving thepolder system in the contagious six coastal districts comprising Satkhira, Khulna, Bagerhat, Pirojpur, Bargunaand Patuakhali Districts. The total project cost is estimated to beabout US$ 400 million equivalent, including physical and price contingencies.In carrying out overall financial management functions of the project, aqualified accountant to work as Financial Management Specialist (FMS)is soughtfor. The FMS will be reporting to theProject Director on FM functions with the assistance of other FM staff in theUnit. S/he will assist PD to ensure that all FM activities are completed inaccordance with the provisions of the Financing Agreement and Government Rulesand Regulations enabling the Project to meet the deadlines of variousGOBauthorities and IDA.
2. Key Functionsof the Financial Management Specialist(FMS):
The FinancialManagement Specialist(FMS) will specifically be responsible in assistingthe PMU for the followingfunctions:
Maintain theaccounting system for the Project, utilizing standard accountingprocedures, which will ensure full documentation and recording of sourcesand uses of funds. Preparequarterly financial reports [expenditure and revenue] for the GOB andquarterly Interim Unaudited Financial Reports for the World Bank Oversee thepreparation of withdrawal applications for draw down of the World Bankfunds for all activities and Categories of Financing Agreement. Review andverify accuracy of information on payment vouchers for signing of checks. Verify andensure the availability of funds before checks are written. Manage Projectexpenditures, ensuring full compliance with project IDA Guidelines and GOBrules and procedures Assist in thePreparation of Annual Budget estimates/allocation of funds for Projectactivities. Preparequarterly/annual financial reports as needed including the WorldBank'sInterim Unaudited Financial Reports. Review, verifyand certify monthly, quarterly, annual and special financial statementsand reports, including expenditure reports and bank reconciliationstatements. If required thecurrent reporting formats may be up-dated in consultation with the Directorateof Accounts of BWDB including the preparation Project Operational Manual/Financial Management Manual if needed. Ensure timelysettlement of payables to the Project's suppliers and contractors Attend Projectreview meetings. Monitor closelythe work of the Procurement and Finance unit involved in the maintenanceof all the required registers including the Cashbook. Build financialmanagement capacities within the Procurement and Finance Unit by providing hands-on-training onFinancial Management Develop chart of accounts to capture allfinancial dataappropriately Assist in the Procurement andoperationalize computerized accounting system for the project foraccurate and timely management offinancial resources Ensure thatinternal controls are place and suggest adopting best practices to improveinternal governance and to reduce opportunities for corruption. Ensure thatcomputerized fixed assets records are maintained in the PMU identifyinglocation and user of each asset and arrange for the annual and periodicalinventory of the assets and updating of the records. Attend entry andexit meetings with FAPAD auditors, facilitate timely completion of auditsby arranging timely submission of annual financial statement inappropriate format, supply of information and documents responding toqueries, initiate actions for holding tripartite meetings and coordinatingwith various units of PMU in meeting audit objections. Assist PD forfinalization of internal audit TOR in consultation with IDA for BWDBs internalaudit team to carry out the internal audits Assist in smoothfunctioning of Project Audit Committee (PAC) Assist PD inpreparing the responses of the external and internal audits Participate inProject Procurement/Tender Committee meetings as andwhen requested by by PD Maintain andinform all concerned in complying with the latest income tax andVATdeduction rules and tax certification. Provide guidance to Accounts Officer (s)and other accounting staff of the project and provide hands on training tothe accounting staff on various aspects of financial management tasksunder a structured training plan. Any other dutiesassigned by the Project Director.
Will hold anappropriate graduate degree asminimum and a professional accounting qualification (Chartered Accountant/Cost andManagement Accountant/Chartered Certified Accountant/MBA (Accounting/Finance)
5 years ofpost-qualification Experience out of which preferably three years in amanagement position in any government/semi government/ multinationalorganizations, Donor funded Development Project, being actively involved andfully conversant with large contract payments, GOB budget, Development ProjectProposal fundamentals, fund release and reporting formalities, knowledgeregarding rules and regulations of the Government for budgeting, accounting,financial reporting and auditing,. Experience in working on development project, funded by the WorldBank will be preferred.
Fullyconversant with and have had hands on experience in application software andalso in Computerized AccountingSystem with ability to assist in implementation and customization;Skills in software installation and troubleshooting will be added advantages.
Experience inthe effective guidance/supervision of personnel working Accounting Unit
Strongorganizational and planning skills with the ability to work independently as ateam player and under pressure including meeting the deadlines
Strong interpersonal and communicativeskills,experience in team leadership and participatory management.
Ability to train the project staff on financialmanagement system.
Duration of the Assignment: Duration of the consultancy services isapproximately 30 man-monthsover the first 3 years of the project starting from FY 2013-2014to FY2015-2016. The Contract may be extended for subsequent 3 (three)years;based on project needs and subject to satisfactory performance of theassignment during the first three years.
BWDB now seeksthe application from eligible applicantsto express their interest in providing services (complete CV with detailinformation about employment history with duties and responsibilities, currentremuneration, academic details, major publication(if any), contract addressincluding telephone number and e-mail). The consultants will be selected inaccordance with World Bank Guidelines: Selectionand Employment of Consultants underIBRD Loans and IDA Credits & Grants by the World Bank Borrowers, January2011. Applicants currently in government service in the client'scountry may apply only if they satisfy Paragraph 1.13 (d) of the ConsultantGuidelines.
Remuneration : Negotiable
Expression ofinterest (hard copy) must be delivered to the address below by December 01, 2014 in three sets (1 original + 2 copies) and a Soft Copy inCD ( in Word Version) clearly marked "Expressionof Interest" for the "ConsultancyServices for FinancialManagement Specialist (FMS)"under PMU, CEIP-I, (ContractPackage No.CEIP-1/D1/S9).The applicant (who are in job) shall furnish an undertaking along withtheir EoI to the effect that he/she will be available to join inCEIP-I ifselected by the client.
InterestedConsultants may obtain further information at the address of theundersigned during normal office hours.
The authorityreserves the right to accept or reject any or all the EOIs, or annul theprocess at any stage without assigning any reason(s) whatsoever andwithout incurring any liability to the affected applicant(s)
(Md. SarafatHossain Khan)
House-15(4th Floor), Road-24
Gulshan-2, Dhaka-1212, Bangladesh
Tel: +880-2- 9899363, 9899373
Cell: +88 01715038519