Career Center

Company:	Environmental Project Implementation Unit State Agency
Location:	Yerevan, Armenia
Start Date:	ASAP
Deadline:	22 October 2024
Announcement Code:	RESILAND: Armenia Resilient Landscape Project Loan No./Credit No./ Grant No.: TF0C4647, TF0C4643 Assignment Title: Financial Management Specialist Reference No. (as per Procurement Plan): AM-EPIU-450424-CS-INDV

Job Opportunity
Company

JOB DESCRIPTION:

The Environmental Project Implementation Unit has received financing from the World Bank, acting as an implementing agency of the Global Environment Facility (“GEF”), toward the cost of the RESILAND: Armenia Resilient Landscape Project, and intends to apply part of the proceeds for individual consulting services.
The main objective of the Financial Management Specialist is to ensure the effective management of financial resources for a project or organization. This involves establishing and maintaining a robust financial management system, ensuring compliance with relevant guidelines and regulations, supervising the disbursement of funds, preparing financial reports and budgets, and coordinating audits.

RESPONSIBILITIES:

- Establish the financial management system for the Project;
- Ensure that all Projects’ accounts are maintained in accordance with relevant WB guidelines and Armenian legislation;
- Update written procedures (Financial Management Manual) for operation of the projects accounting systems; Supervise the disbursement of the Projects’ funds and preparation of disbursement applications according to the WB and MoF (Treasury) procedures;
- Maintain the Projects’ Designated Accounts, prepare requests for Special Commitments and Letters of Credit, as applicable;
- Prepare and submit Withdrawal Applications (WAs) with support of Statements of Expenditure (SOEs)) to the WB for Designated Accounts replenishment;
- Support the procedures for checking and preparing payment documentation required for verification of the supplier's invoices. Ensure that all payments are made on a timely basis and according to the payment terms of the contract;
- Ensure that regular reconciliations of the bank accounts balance to the project's accounts, as well as to the World Bank Client Connection system, foreign exchange revaluation of undisbursed balances of the project funds are done on a regular basis;
- Participate in the preparation of the project’s annual and medium-term budget;
- Coordinate the audit arrangements of the project including preparation of the TOR, and cooperate with the auditors; prepare the financial statements for auditing and ensure that all project statements to be audited are developed in accordance with the applicable reporting requirements for auditing by independent auditors acceptable to the WB and on the terms of reference acceptable to the WB;
- Prepare the semi-annual IFRs and ensure that they are prepared and submitted to the WB on time and in the manner indicated in the legal agreements;
- Cooperate with the WB missions during regular financial management supervision missions of the project, and properly address the observations and recommendations provided.

The Financial Management Specialist will report to Project Coordinator at PIU. The Financial Management Specialist will submit monthly reports that will include:
- Monthly report – brief summary of work undertaken in the reporting period;
- Time sheets for each reporting period.

REQUIRED QUALIFICATIONS:

- University-level degree in finance, economics, business administration, or related discipline;
- At least 5 years of professional experience as a financial management specialist.
- Experience in Financial Management under World Bank financed projects, or projects financed by other international financial institutions would be considered as an advantage,
- Good interpersonal and communication skills,
- Fluent knowledge of the English and Armenian languages,
- Demonstrated ability to work in a team,
- Computer literacy (MS Office).

APPLICATION PROCEDURES:

The attention of interested Individual Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s "Procurement Regulations for IPF Borrowers" September 2023 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.
An Individual Consultant will be selected in accordance with the Selection of Individual Consultant (Section V) method set out in the Procurement Regulations.

Interested candidates should send a complete CV in English, highlighting relevant experience and education, with attached copies of all relevant educational reports/ diplomas/ certificates (employer’s references may be requested to the top candidates) to: ****@***.** and ***.*******@****.** indicating the vacancy title "FM Specialist/ RESILAND ARMENIA".

The evaluation committee may interview the best candidates assessed based on their CVs, after having written provisional conclusions but before concluding evaluation. The interview may be conducted by telephone or by alternative communication tools, or in person (as will be agreed with the candidate), and the date and time of these interviews will be confirmed or notified to the candidate at least 5 days in advance. If a candidate is unable to participate in an interview by force majeure, a mutually convenient alternative date and time will be arranged with the candidate. If the candidate is unable to participate in this second scheduled time, its candidacy will be eliminated from the evaluation process. The cost of attending the interview (if any) shall be borne by the candidate. The tentative timeline of the interview is late October 2024.

Further information can be obtained at the address below during office hours (09:00-18:00).

Expressions of interest / CVs in English must be delivered via e-mail no later than 22.10.2024.

Environmental Project Implementation Unit
Attn: Lia Apikyan (Project Coordinator)
65A Tigran Mets Ave., 3rd fl.
Yerevan 0008, Armenia
Tel: +374 10 651631
E-mail: ***.*******@****.**, ****@***.**

Please clearly mention in your application letter that you learned of this announcement through Career Center and mention the URL of its website - www.careercenter.am. Thanks.

ADDITIONAL NOTES:

The contracted Financial Management specialist is expected to be in Project for the whole project period. After completion of each year, Financial Management Specialist’s performance will be assessed annually, and the contract will be extended for each year based on satisfactory performance. This is time-based contract, with full-time assignment.
Location: Yerevan, Armenia
The EPIU will provide:
(i) All relevant documents and materials including basic office supplies related to the assignment;
(ii) Suitable office in the EPIU’s premises.

The objectives of the RESILAND: Armenia Resilient Landscape Project are: (i) to increase the area under sustainable landscape management in Selected Locations and (ii) to promote sustainable economic activities to communities in Targeted Landscapes in Armenia. RESLAND Armenia follows an integrated landscapes approach to restore forests and wetlands and will rely on four key issues: (i) reduction of forest fragmentation and increase in density of tree cover by restoring the forest land degraded due to mining and by forest enrichment planting; (ii) improving management of neglected and abandoned wetlands, (iii) increasing community economic benefits, and (iv) strengthen the institutional foundation for the sustainable management of landscapes, creating green jobs, and increasing community benefits. Project activities are grouped into four interrelated components and their respective subcomponents. Under its main three components, the project will finance consulting services, non-consulting services, goods, equipment, training, workshops, as well as small works.
The Project’s four Components include:
Component 1: Institutional Capacity and Policy Development.
Component 2: Landscape Restoration
Component 3: Promoting Communities’ Benefits.
Component 4: Project Management, Monitoring & Evaluation, and Communication.

The Environmental Project Implementation Unit (EPIU), a State agency under the Ministry of Environment, will provide overall management of the Project implementation aimed at achievement of the planned results.

ATTACHMENTS:

REOI. FM Specialist.docx

ABOUT COMPANY:

The “Environmental Projects Implementation Unit” (EPIU) State Agency is an advanced institution mandated to ensure successful implementation of environmental projects derived from national strategic priorities. With its comprehensive project portfolio and experience, EPIU supports governmental agencies, communities, private sector agencies and other stakeholders to overcome vulnerability and gaps focusing on climate change mitigation and adaptation practices. The agency is accredited by major multilateral climate funds as the Adaptation Fund and Green Climate Fund and has a wide network of international partners (including UNDP, IFAD UNEP, FAO, SIDA, APVA, ADB, EBRD, GIZ, WB, GEF and other institutions).

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