Overview
Financial Specialist Jobs in Dili, Timor-Leste at SMEC (an SJ Group company)
Title: Financial Specialist
Company: SMEC (an SJ Group company)
Location: Dili, Timor-Leste
About SMEC
For 75 years, SMEC has built a reputation as a trusted partner on major transport and energy infrastructure projects around the world. Our design leaders and specialist teams draw on deep expertise and experience delivering projects across a range of diverse environments, from some of the world’s most remote locations to some of the densest urban surroundings.
We understand the value of relationships to ensure that we comprehensively address all requirements at each stage in a project’s development. By closely collaborating with our clients, contractors, subcontractors and asset operators, we deliver commercially informed design thinking through local specialists who understand on-the-ground context and industry expectations.
We stand apart through our historically diverse, globally connected workforce, operating out of more than 40 countries with strong local relationships.
Our diverse workforce of professionals are highly respected experts who bring talent, experience and passion to their fields. Challenging boundaries, we look beyond the project scope to ensure we leave a positive impact in the communities we live and work in and allow present and future generations to thrive.
About the Role
The Financial Specialist will report to the Team Leader for the following:
- Prepare and establish the project FMS and accounting procedures that comply with all aspects of the WB and the Government of Timor-Leste regulations.
- Assist in the management of fund disbursements, accounting, reporting, control, financial plan, and chart of accounts in accordance with the World Bank handbook and the POM.
- Assist in preparing accurate and timely financial and M&E-specified reports and provide the
- Government of Timor-Leste and the World Bank with the information it needs to meet its fiduciary responsibilities. Ensure the project financial reports are accurate and auditable.
- Assist in the preparation of quarterly Interim Financial Reports (IFRs);
- Ensure that the project accounting reports are harmonized between all contractors.
- Conduct the capacity building for the national PMU Financial Specialist and the Project Accountants during the first input. Ensure the intended beneficiaries are familiar with and competent in using the guidelines for project financial recording and reporting.
- Assist the PMU’s Project Accountant in complying with the established procedures correctly and gradually transfer responsibility for the financial management of the Project Accountant.
- Assist PMU in producing auditable financial statements and in timely preparation for the external audit.
- Review the appropriateness of the TOR for the External Auditor in the Procurement Plan for the annual project audit.
- Work closely with the external auditor to ensure the audits of the project accounts are carried out in a timely manner and acceptable to the Bank.
- Prepare a program, and a strategy to increase the number of BTL E.P’s active customers and revenues, optimize the O&M costs, prepare a rolling five-year sustainable mprovement plan, and conduct a training needs assessment on financial management.
- Develop the tariff adjustment for the newly improved WS system for the next five years.
Qualifications and Experience
- Bachelor’s degree, preferably a master’s degree, in finance, business management, economics, accounting, or a related field. Certified Professional membership, such as a CPA or equivalent.
- Experienced position as FMS, or an accountant or an auditor, capacity building, preferably in World Bank and ADB-funded projects; extensive experience in preparing financial analysis/sustainability of water utilities, tariff setting, and capacity building. Knowledge of operating FM-related software applications for users
- At least ten years of combined professional experience in the relevant sectors. The expert has completed at least 5 (five) similar (relevant) assignments in a similar position.
- At least six years of experience in the Asia-Pacific Region. Work experience in Timor-Leste and knowledge of administrative systems and government organization is an advantage.
