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Expression of Interest are invited for Individual Consultant (National) (Time-Based) Title Of Service: INDIVIDUAL CONSULTANT SERVICE AS SENIOR FINANCIAL CONSULTANT (NATIONAL) Brief Description of Assignment: The broad scope of consulting services(the services) includes, but not limited to the following in the project: i. Financial Management: Update and maintain sound financial procedures at RHD in compliance with GoB and IDA regulations. Process IDA fund withdrawal applications to the Government Consolidated Fund/Designated Account, ensuring proper fund utilization, management, and accounting. ii. Budget Consolidation & Analysis: Assist the PD in consolidating the project budget based on approved procurement and implementation plans. Conduct variance and ratio analyses for quarterly IUFRs and handle taxation accounting (VAT, TAX, CD, etc.). iii. Chart of Accounts: Develop/update a comprehensive Chart of Accounts to capture financial data under (i) GoB codes, (ii) project components/sub-components, and (iii) World Bank disbursement categories, enabling accurate financial reporting. iv. Computerized Accounting System (CAS): Procure and implement a CAS. Maintain financial records using MS Excel until the CAS is operational. v. Disbursement Forecasts: Prepare annual, quarterly, and half-yearly disbursement forecasts aligned with procurement, implementation plans, and budget, securing PD approval for financial reporting. vi. Fund Management: Ensure proper fund utilization, manage designated accounts, prepare Bank Reconciliation Statements, and handle fund/bank correspondence with GoB and IDA. Process withdrawal applications for World Bank funds. vii. Record Maintenance: Maintain adequate registers, books, and records to meet statutory requirements and facilitate financial monitoring. viii. Fixed Assets Management: Maintain computerized fixed asset records, including location and user details, and conduct periodic inventories. ix. Financial Reporting: Prepare and submit accurate annual financial statements, monthly/quarterly reports per GoB Project Accounting Manual, and IUFRs as per the Financing Agreement. x. Audit Coordination: Prepare the Statement of Audit Needs (SAN), facilitate audits, respond to queries, and coordinate tripartite meetings to address audit objections. xi. Procurement & Advisory Support: Assist Project Procurement/Tender/Audit Committees and advise the PD on financial matters as needed. ToR is available at www.rhd.gov.bd Experience, Resources and Delivery Capacity Required: Master of Commerce in Accounting/Finance or MBA with major in Accounting/Finance. In addition to the above. Member of a Professional Accountancy Organization (PAO) (CA/ACCA/CMA etc.) recognized by the International Federation of Accountants (IFAC) will be an advantage. At least five years post qualification experience in financial management of which at least three years in a managerial position in any government / semi government organizations being actively involved and fully conversant with the large contract payments, GoB budget, fund release and reporting formalities, knowledge regarding rules and regulations for budgeting, accounting, financial reporting and auditing. Fully conversant with and have had hands on experience with computerized accounting system with ability to assist in implementation and customization; skills in software installation and troubleshooting will be added advantages; Experience in World Banks disbursing and reporting requirements; and working with World Bank or similar financiers funded projects will be an added advantage; Candidates with experience with IBAS++ preferred; Proven track record of ability to develop a chart of accounts befitting the relevant computerized accounting system and the reporting; Strong organizational and planning skills with the ability to work independently as a team player and under pressure; Strong interpersonal communicative skills, experience in team leadership and participatory management; Ability to train the project staff on financial management system. Association with foreign firms is: Not Applicable EOI Closing Date and Time: 20/04/2025 17:00 Tender Link : http://cptu.gov.bd/advertisement-services/details-9130.html
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