Financial Management & Accounting specialist

Posted 20 Feb 2020


Vientiane Capi. (Accounting)

Position : Financial Management & Accounting specialist (Lao national) Location : Vientiane (Xaythani district) Contract Length : 18 months, intermittent

Purpose : SOFRECO, a leading company in consultancy and technical assistance for sustainable economic and social development, is seeking an independent consultant for a Financial Management & Accounting specialist position for the Climate-Friendly Agribusiness Value Chains Project. Funded by ADB and implemented under the Ministry of Agriculture and Forestry, the project is aimed at enhancing competitiveness of rice value chains in Khammouane, Saravan and Savannakhet provinces, and vegetable value chains in Vientiane Capital, Champasak and Sekong provinces.

Tasks: The FMAS will be responsible for overseeing and supervising the methodologies and due diligence used by project staff to produce regular project management accounts. The international FMAS will work together with the national FMAS in the initiation of accounting procedures at central provincial and district levels to ensure that the approaches and methodologies being used meet acceptable international standards. The international FMAS will guide the activities of the national FMAS to ensure sound finance, accounting and audit procedures are in place and implemented. Subsequently, the national FMAS will complete the financial and accountancy work required to put in place adequate accountancy and reporting procedures throughout project activities including preparation of the FMM together with procedures, forms and report formats. The FMAS will perform the following tasks:

  • Develop a financial planning system for project implementation and its subsequent operation. Develop long, mediumterm and annual operating plans and schedules as agreed between ADB, Ministry of Finance (MOF) and the executing agency for project implementation and subsequent administrative operation.
  • For accounting oversight, develop and establish a manual and standard procedures for project accounting to the standard agreed between ADB, MOF and the executing agency.
  • For internal control, funds flow management, financial reporting; develop and make operational a manual and procedures as agreed between ADB, MOF and the executing agency for project financial management, for use by the PMU in project implementation and the implementing and executing agencies to operate.
  • For audit planning, comply with the terms and standards agreed between ADB, MOF and the executing agency;and advise and assist the executing agency in the recruitment of specialists to conduct internal audits of the project accounts and advance account activities.
  • Liaise with auditors to ensure effective annual audits in accordance with ADB’s requirements.
  • Ensure that project assets and inventories are safeguarded, revalued, and verified periodically (in accordance with the requirements of ADB and government) to support annual project financial audits.
  • Conduct training on project accounting and financial management (including planning) forNPMO/PPIU financial and accounting staff assigned to the project implementation and subsequent operations.
  • Following the establishment of financial and accounting procedures, the specialists will be in charge of all the operations and administrative control.
  • Submit reports to the team leader bi-annually, based on the work of the national FMAS and contribute to the project’s mandatory semiannual, annual, midterm reports, and, additionally as requested by the team leader.

Qualifications : The financial management and accounting specialists (FMAS) will preferably have tertiary qualifications in finance, accounting, and financial management from an established and recognized institution, and CPA qualifications. Preference will be given to the national specialist, with 3 years of experience working with a multilateral rural development/agriculture project, preferably funded by ADB. It will be an advantage for the FMAS to be familiar with financial and management/cost accountancy requirements and methodologies used for internationally funded development projects and to be fluent in the English language.

How to Apply

To apply for this post : Email your resume/CV with cover letter in English language to or call/Whatsapp +856 20 76 948 713 for more information.
Closing date : 01/03/2020

Only short-listed candidates will be contacted for interview

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