Financial Management Specialist

The Government of Kenya has received financing from the International Development Association (IDA) towards the Kenya Coastal Development Project (KCDP).

The developmental objective of the KCDP is to promote environmentally sustainable management of Kenya’s coastal and marine resources by strengthening the capacity of existing relevant governmental agencies and by enhancing the capacity of rural micro, small and medium-sized enterprises in selected coastal communities.

The KCDP is hosted and supervised by Kenya Marine and Fisheries Research Institute (KMFRI). Mombasa on behalf of the Government of Kenya.

The Government of Kenya intends to apply a portion of the funds to eligible payments under the contract for the provision of technical assistance in Financial Management Specialist and a Monitoring and Evaluation Specialist.

The Kenya Marine and Fisheries Research Institute (KMFRI) now invites applications from qualified and eligible persons for these posts as per details of each post as shown below:

Financial Management Specialist (1 Position)

Academic and Professional Oualifications

• Bachelors degree in Business Administration, (Masters degree in Business Administration would be an added advantage), or Finalist in CPA or CPA (K) or ACCA including membership of a relevant Professional body;
• At least 3 years’ experience with World Bank Projects and sound knowledge of World Bank Financial Management Guidelines;
• Consideration may be given to candidates who have experience in financial management of projects financed by either EU OR USAID;
• A track record in using financial management systems:
• Ability to work without supervision in meeting set guidelines: and
• Excellent command of English and Swahili communication, report writing skills and computer skills.

Duties and Responsibilities:

The Financial Management Specialist’s tasks will specifically include the following:

• Establish a sound Financial Management System for the KCDP project:
• Update and maintenance of appropriate financial management and accounting policies and procedures manuals:
• Monitor if internal control arrangements for proper utilization, management, and accounting of funds by implementing agencies are effective and advise on any necessary improvements;
• Coordinate the transfer of accounting data from the Project Accountants at the implementing agencies and at the PCU to the Financial Management System and M&E system on a regular basis and consistent with financial management procedures;
• Assist with on-the-job training of accountants in PCU and the implementing agencies on various financial management and accounting procedures as well as controls, with a view to transferring some or all financial management tasks to them in later years of the project;
• Ensure timely production of periodical management reports (i.e. quarterly FMR reports, bank reconciliations and budget vs. actual reports) based on information provided by Accountant in PCU and the implementing agencies;
• Discuss periodical reports with the KCDP Project Managers and recommend improvements on cost control measures as appropriate; and
• Work closely with Accountants in PCU in order to provide financial accounts, audit schedules and supporting documents to auditors as required, particularly those required for the Statements of Expenditures (SOEs) and Special Account management.

Applications for these positions should be accompanied with detailed Curriculum Vitae, copies of relevant certified certificates, names and contact addresses oftwo (2) references.

All applications should be submitted to the under mentioned not later than Wednesday 28tI March 2012. Only the successful candidates will be notified for interview.

The positions are for a two year period and are subject to extension.

Director
Kenya Marine and Fisheries Research Institute
P.O. Box 81651- 80100
Mombasa.
Dated: Tuesday 13 March 2012 KENYA.