Financial Management Analyst

Job Posting Organization:
The World Bank Group is a prominent global institution established to provide financial and technical assistance to developing countries. It aims to end extreme poverty and promote shared prosperity through a unique partnership of five institutions. With 189 member countries and over 120 offices worldwide, the World Bank Group is one of the largest sources of funding and knowledge for development. It engages with both public and private sector partners to invest in innovative projects and leverage data, research, and technology to address pressing global challenges. The East Asia and Pacific (EAP) region, which the organization serves, is diverse and includes 22 client countries with a combined population of around 2 billion. The region has made significant strides in reducing poverty and enhancing economic growth, making it a dynamic area for development work.

Job Overview:
The Financial Management Analyst (FMA) position at the World Bank Group is a critical role that involves providing operational-level financial management support and monitoring throughout the project cycle. The FMA will be based in Honiara, Solomon Islands, and will report to the Practice Manager of the Governance - Financial Management unit. The role requires a proactive approach to advising clients and developing innovative strategies to strengthen fiduciary assurance over the use of funds. The FMA will assess project financial management arrangements, conduct risk assessments, provide implementation support, and ensure compliance with the Bank's financial management requirements. This position is essential for enhancing the financial management capacity of partner countries and ensuring that projects are executed in accordance with sound financial practices.

Duties and Responsibilities:
The Financial Management Analyst will be responsible for a variety of tasks, including: assessing the adequacy of project financial management arrangements; conducting FM-related risk assessments and proposing suitable FM arrangements; providing implementation support and supervising projects financed by loans and grants; monitoring the implementation of risk mitigation measures; contributing inputs to corporate risk reviews; implementing Bank FM operational systems; reviewing unaudited interim financial reports and taking appropriate actions on issues; reviewing audit reports and recommending actions for non-compliance; ensuring compliance with the Bank's audit and FM requirements; and supporting partner countries in enhancing their fiduciary systems performance and capacity. The FMA will play a vital role in ensuring that project operations adhere to sound financial management practices and will be expected to engage collaboratively with other departments and units within the Bank.

Required Qualifications:
Candidates for the Financial Management Analyst position must possess a strong client orientation and interpersonal skills, along with integrative thinking abilities. A Master's degree in a relevant field such as accounting, public financial management, finance, or public policy is required. Additionally, candidates should have at least three years of relevant professional experience, project management knowledge, and an understanding of internal control systems and procedures. Strong written and verbal communication skills in English are essential, and applicants must have the legal right to live and work in the Solomon Islands.

Educational Background:
The educational background required for this position includes a Master's degree in a relevant field. This could encompass areas such as accounting, public financial management, finance, or public policy. The advanced degree is crucial as it provides the analytical and theoretical foundation necessary for effective financial management in a complex international development context.

Experience:
The position requires a minimum of three years of relevant professional experience in financial management or a related field. This experience should include project management knowledge and an understanding of financial systems, internal controls, and procedures. Candidates should demonstrate a track record of effectively managing financial operations and providing support in a development context.

Languages:
The mandatory language for this position is English, as strong written and verbal communication skills in English are essential for the role. While no additional languages are specified as preferred, proficiency in other languages relevant to the East Asia and Pacific region may be beneficial.

Additional Notes:
This position is a local recruitment opportunity with a term duration of three years. The World Bank Group offers a comprehensive benefits package, including a retirement plan, medical, life, and disability insurance, as well as paid leave, including parental leave. The organization is committed to diversity and inclusion, ensuring equal opportunities for all employees regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. The role is full-time and requires the candidate to be based in Honiara, Solomon Islands.