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Financial Management Coordinatorto support the Program Implementation Unit at the Ministry of Innovation and Technology.
The Federal Democratic Republic of Ethiopia
Digital Ethiopia Foundations Project
Position: Financial Management Coordinator
Ref. No: ET-MINT-491988-CS-INDV
Organization: PIU at MInT
Project: Ethiopia Digital Foundations Project
Location: Addis Ababa
Duration: 12 months, with a possible extension
Salary: Attractive/Negotiable,
Expected Start Date: July 1, 2025
Background
In May 2021, the Government of Ethiopia and the World Bank Group signed the financial agreement for the Ethiopia Digital Foundations Project (Digital Foundations). Digital Foundations is a USD
200 million, five-year initiative (2021-2026) focused on laying the building blocks for Ethiopia’s transition to a digital economy. The project pursues a holistic and multi-sectoral approach
to digital development through five components.
2. Context and objectives
The objective of this assignment is to support the PIU with the proper financial management and financial reporting for all activities under its scope of the Digital Foundation Project
including the Beneficiary Institutions of the Project.
3. Scope of Services, Tasks, and Expected Deliverables
Specific tasks to be carried out by the Financial Management Coordinator include but are not limited to the following components:
Overall Management
Be responsible for the overall Financial Management arrangements of the project/program and will ensure the maintenance of sound arrangements throughout the life of the project/program
consistent with agreements, manuals and project document;
Coordinate with relevant beneficiaries and implementing entities in regard to the set up and maintenance of financial management arrangements including budgeting, accounting, internal
controls, fund flows, reporting, and audit reporting.
Budgeting and Planning
Manage and/or participate on the preparation of the project/program annual or other budget in consultation with relevant stakeholders;
Ensure that the project/program budget is proclaimed in government budget;
Ensure that budgets are disseminated to all relevant stakeholders on time;
Maintain budget discipline; report to management on variances from the established budget, and the reasons for those variances;
Submit budget and secure the No objection of the development partners as appropriate;
Assist PIU management in the formulation of its overall strategic direction.
Accounting and Reporting
Maintain and update the Financial Management Manual. Adhere to the Government procedures and FMM on FM matters.
Maintain adequate Financial Management systems and procedures to govern implementation of the project;
Ensure that books of accounts are maintained; Maintain up to date and documented accounting system and policies and procedures; Maintain adequate Project records/files;
Ensure the existence of adequate and capable FM staffing;
Produce periodic financial reports for development partners as well as for the government as per reporting requirements and formats. Follow up on the preparation of acceptable financial
reports from implementing entities; Ensure that unaudited financial reports are sent to the financiers on time and up to standards;
Ensure that audited financial statements of the program/project are sent to development partners on time.
Funds Management
Ensure that sufficient funds are available to meet ongoing project/program and operational requirements; Ensure that resources are available to beneficiaries/implementing entities; Forecast
cash flow positions;
Mitigate financial risks and maintain close liaison with key Government counterparts involved in the project;
Understand and implement development partners disbursement procedures for the Project/program as per agreements/requirements; Follow up on disbursement issues timely with the development
partners; Ensure fund requests are made as per procedures and agreements;
Manage project/program bank accounts; Conduct bank reconciliations on time.
Internal controls
Ensure internal control arrangements are maintained consistently throughout the life of the program/project including proper controls in regard to approval and authorization; segregation of
duties; cash and bank management; safeguarding of assets and properties (including fixed assets and inventories); payroll management; taxes obligations; contract management; advances and
prepayments; payables are in place; reconciliations, etc.
External and internal Audit
Ensure that internal and external audits are arranged as per the agreements; Ensure relevant accounting information is made available to them; Address their queries.
Submit audit reports are submitted to the World Bank on time
Financial Analysis
Review financial performance of the program/project and report on key issues to the respective management body and project/program stakeholders;
Review administrative bottlenecks and recommend changes to improve efficiency. Create additional analyses and reports as requested by management.
4. Required Qualifications
The qualification and experience required for applicants who would like to apply for the assignment should possess the following minimum criteria:
The candidate should have an Bachelor’s Degree (BA) or a Masters Degree (MSC or MBA) in finance or accounting, and audit. For BA a minimum of 10+ years’ and for Masters Degree a minimum
of 8+ years’ experience of progressively responsible in managing large Companies, government or non-government institution.
The candidates should have prior experience in implementing World Bank funded project/programs for at least 4 years.
Preference will be given to candidates who have at least 2 years’ Experience using IFMIS system
Preference will be given to candidates with the Chartered Certified Public Accountant or Certified Management Accountant designations, and.
Excellent communication skills are essential, particularly in regard to presenting results of analyses to management,
Specific technical knowledge related to World Bank related projects,
Proficient use and knowledge of electronic spreadsheets and database.
Fluency in English and Amharic languages
The candidate must have the highest levels of personal integrity, and a reputation for a transparent and systematic work style; and
The candidate must be able to work under pressure situations, in order to meet demanding deadlines.
5. Duration of Services
The consultant will be hired full time initially for the contract period of twelve (12) months with possibility of extension based on performance and availability budget.
6. Reporting:
The individual consultant will be directly reporting to the PIU Coordinator, Ministry of Innovation and Technology.
7. Selection Method
The Ministry of Innovation and technology now invites eligible individuals to indicate their interest in providing the Services. Interested individuals should send expressions of interest,
together with information demonstrating that they have the required qualification and relevant experience to perform the service (description of similar assignments, experience in similar
conditions, qualifications, and so forth) by providing CVs, formal application letter and all supporting documents.
The attention of interested individual is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July 2016 (“Procurement
Regulations” ) revised November 2017 and August 2018, setting forth the World Bank’s policy on conflict of interest
An individual will be selected in accordance with the Selection of Individual Consultant (Section V) method set out in the Procurement Regulations. Further information can be obtained, by email
at the address below during office hours from 8:30 AM to 5:30 PM Addis Ababa time
Interested applicant’s CV, formal application letter and all supporting documents must be delivered in a written form to the address indicated below in person, or by mail, on or before
2nd ofJune 2025, but preferably by e-mail.
Federal Democratic Republic of Ethiopia,
Ministry of Innovation and Technology (MInT)
Ethiopia Digital Foundations Project
Attn: Focal Person, Project Implementation Unit (PIU)
Address: Arada Sub-city, Tracon Building 6th floor, in front of Black Lion Secondary School,
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