Details

Salary and Benefits

Salary not specified

Job Description

Title/Position: Compliance Expert (Maldivians Only)

Level of Effort: 60 Days

Period of Performance: On/a June 2021 – on/a September 2021

Place of Performance: Male, Maldives

 

Background

The PFM Maldives Activity is 5-year, cost-plus-fixed-fee contract funded by the United States Agency for International Development (USAID). The Activity seeks to develop the capacity of the Government of Maldives (GOM) such that it can achieve the following objectives: 1) Establishing and implementing a transparent and accountable budgetary system that leads to improved national budget allocations and management; 2) Identifying and implementing efficient public investments in services and facilities; and 3) Mobilizing sufficient public revenue, commensurate with public investments and services. PFM Maldives will work with the Ministry of Finance (MOF), the Ministry of National Planning, Housing and Infrastructure (MNPHI), the Maldives Inland Revenue Authority (MIRA), and the Auditor-General’s Office, and other agencies as needed, through strategic technical assistance and targeted project interventions aimed at improving their ability to make appropriate and cost-effective budget decisions.

Objective

The purpose of this assignment is to Undertake an assessment of gaps between the Public Finance Act (PFA), Public Finance Regulations (PFRs) and current Standard Operating Procedures (SOPs), and formulate SOPs to address these gaps having regard to international good practice, and contemporary and planned reporting and accounting requirements of the Treasury & Public Accounts Department of the Ministry of Finance of the Republic of the Maldives. 

The expert will also assist where required with essential project activities related to implementing the agreed annual work plan, providing inputs into the Activity Monitoring, Evaluation and Learning Plan (AMELP), and evaluation and monitoring framework. 

Tasks

The Expert will work closely with the Treasury and Public Accounts Department to undertake the following tasks:

1. Review the existing Accounting Manual of MOF against all relevant current and planned accounting and reporting requirements (particularly IPSAS and Program Performance Based Budgeting (PBB)), the PFA and PFR (including budgeting and debt management), and international good practice, and identify the areas where the SOPs require development to meet these requirements. Have regard to: 

• • Ensuring full compliance with the GoM (Government of the Maldives) accounting rules and PFR and current state of IPSAS;  
  • Relevant Internal and Audit reports. 
  • Closing the gap between the budget and cash management; and 
  • Establishing a mechanism for capital expenditure management and reporting.
  • Having in place a proper methodology for bringing required information from the debt system into the Public Accounting System (PAS) in a timely manner.    

2. Work together with the Legal Consultant to: 

• Review the legal gaps assessment made by the Legal Consultant, and complement the assessment by giving input from an accounting perspective. 
• Formulate necessary SOPs to address gaps identified in this analysis. 

3. Revise and redraft the Accounting Manual to implement to implement the areas requiring development identified in Task 1. & 2. Above. 
4. Liaise with Treasury and Public Accounts on an ongoing basis on accounting and reporting matters during the assignment. 
5. All the work mentioned above should be rendered in Dhivehi and English.  
6. Any other related tasks assigned by the Chief of Party (COP) in relation to the implementation of the PFM Maldives project.

Deliverables

1. A report identifying the areas where the Accounting Manual and SOPs require development to meet current and planned accounting, budgeting, debt management and reporting requirements set out at Task 1. and Task 2. above.  
2. A revised Accounting Manual as per Task 3. Above. 
3. A set of recommendations on the skill sets and qualifications required for Treasury & Public Accounts staff to properly carry out the revised SOPs. 
4. All the work mentioned above should be rendered in Dhivehi and English. 

Qualifications and experience

• At least a Bachelor’s degree (Master’s preferred) or equivalent in Accounting, Economics, Commerce, Audit, or Public Financial Management, or relevant field of study. 
• At least 10 years of relevant experience in Treasury and public accounting and reporting.   
• Membership of a recognized professional accounting and/or auditing body. 
• Evidence of a successful record of delivery of policy and operational expertise in support of Treasury, public accounting and reporting functions of government.   
• Proven capacity building and training skills and experience. 
• Strong management and communication skills in presenting, discussing and resolving difficult technical issues and possessing the ability to work efficiently and effectively within a multidisciplinary team.  
• Excellent English language skills. 
• Proven high-level written and oral communication skills. 

Reporting

The Expert will report to the PFM Maldives COP in completing tasks and in close coordination with Treasury & Public Accounts Department of the Ministry of Finance of the Republic of the Maldives.

 

Please send your CV to [email protected] on or before 13th June 2021. 

Requirements and Qualifications

Minimum Experience

Not Specified

Minimum Qualification

Bachelor’s Degree

Documents to Submit

Documents

• CV

Other Information

Occupations

• Consultant, Action Plan & Review
• Consultant, Auditing
• Consultant, business
• Consultant, Financial
• Consultant, management

Employment Type

• Contract