Vacancy ID: 7697
Closing Date: 17.00 ULAT, October 01, 2018
The Government of Mongolia (“Government”) seeks a qualified Director, Finance to help organize, manage and lead the budgeting, financial planning, financial management and reporting for a new special purpose entity to be known as the Millennium Challenge Account – Mongolia (“MCA-Mongolia”). The Government will shortly establish MCA-Mongolia in the form of a non-profit state-owned enterprise to oversee the implementation of the Mongolia Water Compact (the “Compact”), a large-scale international development assistance program funded by the Millennium Challenge Corporation (“MCC”), a United States Government agency that provides grant assistance to help partner countries promote economic growth and reduce poverty.
The Compact aims to increase the long-term sustainable supply of water to Ulaanbaatar and stem the impact of an impending water crisis. The Compact will expand the supply of water to residential consumers and commercial and industrial users in Ulaanbaatar through:
- The construction of new groundwater wells downstream from Ulaanbaatar and introduction of a state-of-the-art advanced water purification plant;
- The construction of a new wastewater recycling plant and pipelines to provide high-quality treated water to large-scale industrial users;
- Policy reforms, capacity building, and technical assistance to improve the long-term sustainability of Ulaanbaatar’s water supply.
MCA-Mongolia will oversee the implementation of these investments on behalf of the Government and in compliance with the guidelines and standards of MCC.
Main Tasks: The Director, Finance, is responsible for the management and oversight of all of MCA-Mongolia’s budgeting, financial planning, financial management and financial reporting to ensure discipline and provide efficiency, effectiveness, transparency and accountability in the expenditure of MCA-Mongolia’s funds. The Director, Finance reports to the Chief Executive Officer (CEO) and manages two dedicated, full-time staff.
DUTIES and RESPONSIBILITIES
- Manage the implementation of all financial management standards, processes and procedures on behalf of all MCA-Mongolia, maintaining integrity and ensuring compliance with the MCC Cost Principles, the Financial Accountability Plan, and all other requirements.
- Lead and manage the day-to-day work of two dedicated financial specialists within MCA-Mongolia and an outside provider of fiscal accountability services (the “Fiscal Agent”) to ensure the efficient flow of financial activity and deliver financial results efficiently and within tight timelines.
- Oversee the translation of the requirements of the compact program into a financial management strategy, including the projection and forecasting of funding needs and the development budgets and disbursement requests.
- Develop periodic financial reports for MCA-Mongolia, the Government, and MCC.
- Advise the management of MCA-Mongolia during budget and financial audit exercises, providing analysis and compliance guidance, to facilitate fiscal planning and implementation.
- Teach and train the staff of MCA-Mongolia and its implementing entities to ensure broad awareness of and compliance with the financial management standards, processes and requirements of MCA-Mongolia.
- Lead regular reviews of the Fiscal Accountability Plan (the MCA’s financial operating manual), accounting guidelines and reporting standards, recommending changes or improvements, as may be necessary to ensure their relevance and ability to support the work of the Compact.
- Evaluate MCA’s and implementing entities’ fiscal and reporting systems and determine their compliance with MCC standards, identifying issues and risks, to support internal and external financial audit exercises.
- Perform additional tasks and accept additional responsibilities assigned by the CEO of MCA-Mongolia.
- Bachelor’s degree in accounting, finance, business management, commerce, economics or a similar field. Master’s degree or other advanced degree preferred.
- Professional certification as a certified public accountant (CPA), certified management accountant (CMA), chartered accountant, or the equivalent is preferred.
- Eight (8) years or more of prior experience working in accounting, finance, financial management, or financial administration, including experience as a senior financial manager in a government agency or ministry, project entity, company or similar organization with an annual budget of at least five (5) million dollars.
- Demonstrated experience in the successful creation and ongoing operation of complex financial management systems, the development of detailed budgets, and the management of financial transactional processes.
- Extensive knowledge of the financial management and reporting requirements of international development partners, the principles of Corporate finance and accounting, and the relevant laws and related requirements in Mongolia.
- Expert knowledge of Microsoft Excel; experience with professional accounting and financial management systems, including SAP; and familiarity with the use of management information systems (MIS).
Communication and Languages
- Demonstrated ability to communicate effectively (in English and Mongolian), both orally and in writing. English language proficiency at ILR Level 3 or above is preferred.
- Dynamic and experienced leader with significant experience in a corporation, government agency or philanthropic entity and a proven track record for effective team management and results-driven leadership;
- Accomplished in developing, motivating and supporting teams, including coaching and creating development opportunities to maximize production and quality of work and achieve goals;
- Organized and results oriented, with ability to translate Compact strategy and objectives into tasks and work plans;
- Confident in making structural or organizational changes as needed to move the work forward and meet the needs of the situation;
- Skilled in building consensus among employees and developing strong relationships with outside stakeholders;
- Accountable for achieving results that have a development impact and promote financial, environmental and social sustainability;
- Able to identify and propose solutions to mitigate and manage risks;
- Strong negotiator;
- Efficient in understanding new issues quickly and making well informed decisions;
- Able to inspire confidence and create trust;
- Able to work under pressure, plan personal workload effectively, and delegate work to subordinates;
- Skilled in analysing facts and data to support sound, logical decisions regarding own and others’ work.
If you wish to be considered for this position, please forward a copy of your CV and a supporting letter in Microsoft Word format, along with any relevant documentation to [email protected] on or before the 1st October, 2018 or submit your application via the "Application Form" portal below. All information will be in the strictest confidence as we pride ourselves on our professional service. We will revert to you as soon as feasible when we have reviewed your application.
We are encouraging all interested parties to apply for the role. Selection process will be based on merit on the required experiences for all vacancies. Qualified applicants will receive consideration for employment without regard to race, ethnicity, religion, sex, national origin, or disability. No fees will be paid to MCA- Mongolia or any of its agents at any stage of the recruitment process (application, interview, processing, training fees or other).
For a more detailed information about the role including the recruitment process, kindly access the Executive Brief by cutting and pasting the following link to your browser:
SRI Executive (www.sri-executive.com) is assisting the Government of Mongolia in its search for an exceptional candidates for MCA-Mongolia. SRI Executive operates under a contract provided by MCC. SRI Executive is supported by our local partner Specialized Career Consulting (SCC) in this recruitment initiative