Financial Management Specialist

Job Posting Organization:
The World Bank, a member of the World Bank Group (WBG), is a global organization dedicated to addressing the world's most pressing development challenges. Established to reduce poverty and support development, the World Bank operates in 145 countries with over 182 offices worldwide. The organization focuses on investing in people, strengthening markets, and delivering scalable, data-driven solutions to create jobs and improve lives. The World Bank is committed to fostering a diverse and inclusive workforce that reflects the communities it serves, and it actively collaborates with governments, private sectors, and development partners to achieve its mission.

Job Overview:
The Financial Management Specialist position at the World Bank involves working within the Governance Department to enhance financial management practices in developing countries, particularly in Angola and São Tome and Principe. The role requires a qualified professional accountant to undertake financial management assessments for new projects and provide implementation support for ongoing projects. The specialist will monitor compliance with the Bank's financial management policies, update automated monitoring systems, and assess audit firms for compliance with international standards. Additionally, the specialist will provide training and guidance on financial management aspects to both external and internal clients, contributing to project documentation as needed. This position is crucial for ensuring effective financial governance and accountability in the region, addressing the challenges of public financial management, and supporting economic growth.

Duties and Responsibilities:
The Financial Management Specialist will be responsible for the following duties:

• Conduct Financial Management (FM) assessments for new projects and provide FM implementation support for ongoing projects, focusing on project budgeting, internal controls, accounting, treasury, funds flow, financial reporting, and auditing arrangements.
• Monitor compliance with the Bank's FM policies and procedures, including reviewing interim financial reports and annual audited financial statements, and preparing communications to project implementation agencies.
• Update the Bank's automated FM monitoring systems in a timely manner.
• Assess audit firms/auditors for independence, competence, and compliance with international auditing standards.
• Provide training, guidance, and advice on FM-related aspects to external clients (borrowers and project implementing agencies) and internal clients (World Bank staff).
• Contribute to project and other portfolio and country documents as needed, ensuring alignment with the Bank's objectives and standards.

Required Qualifications:
Candidates must possess the following qualifications:

• A qualified professional accountant designation (CPA, CA, ACCA, DEC, or equivalent) from an internationally recognized professional accountancy body.
• A Master's degree in accounting, public financial management, finance, or a related field.
• A minimum of 5 years of relevant experience in financial management or related areas.
• Knowledge of International Reporting Standards (IFRS), International Standards on Audit (ISA), International Public Sector Accounting Standards (IPSAS), and International Standards of Supreme Audit Institutions (ISSAI).
• Experience in assessing internal control systems and evaluating financial management systems, including budgeting, accounting, cash management, internal audit, and financial reporting systems.
• Ability to communicate fluently in both Portuguese and English, both in writing and orally, and to function effectively with limited supervision as part of a multi-disciplinary team.

Educational Background:
The educational background required for this position includes a Master's degree in accounting, public financial management, finance, or a related field, along with a professional accounting qualification from a recognized body. This combination of education ensures that the candidate has a strong foundation in financial principles and practices necessary for effective financial management in a development context.

Experience:
Candidates should have at least 5 years of relevant experience in financial management, particularly in assessing and implementing financial management systems in public sector contexts. Experience working with international organizations, particularly in fragile or conflict-affected regions, is highly valued. Familiarity with World Bank operations and prior experience in Angola will be considered advantageous.

Languages:
Fluency in both English and Portuguese is mandatory for this position, as effective communication with local stakeholders and international teams is essential. Proficiency in additional languages may be considered a plus, but the primary requirement is strong command of the two specified languages.

Additional Notes:
This position is classified as an Open-Ended Staff (OPEN-OP) role under local recruitment terms. The World Bank Group offers a comprehensive benefits package, including a retirement plan, medical, life and disability insurance, paid leave, and reasonable accommodations for individuals with disabilities. The organization is committed to diversity and inclusion, ensuring equal opportunities for all candidates regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. The closing date for applications is set for October 22, 2026, at 11:59 PM UTC.