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Vacancies (29)
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Financial Management SpecialistEmployer PIU IUDP under MEF |
| Information on vacancy | |
| Period of publication | 18.07.2025 - 27.07.2025 |
| Field of activity / position: |
Other |
| Duties | The specific duties of the PIU Financial Management Specialist include, but not limited in the following: • Comply with Financial Management section of Project Administration Manual (PAM); • Contribute to the preparation of the National Feasibility Study (NFS) of pipeline projects in fulfilment of the requirements of Presidential Resolutions, particularly on financial management assessment of executing and implementing agencies; • Set up financial, accounting and reporting system (including installation of a functional accounting software) to ensure the readiness of the fiduciary financial, accounting and etc. arrangements before project effectiveness; • Ensure compliance with PAM requirements–financial and accounting policies and procedures, project management guidelines, forms of financial reporting, budgeting and budgetary control, internal control, and audit requirements; • Prepare, manage and review the project expenditures, cost estimates, including complete breakdown of expenditures in accordance with ADB requirements; • Manage project budget according to project implementation and procurement plans, approved budget ceilings (cost estimates, etc.); • Organize and ensure budgetary control (execution of the budget, utilization of funds, bottlenecks for overall budget performance, etc.), provision of timely payments including salaries and other administrative expenses of PIU; • Prepare annual project financial statements, make annual project financial statements ready for audits. Provide auditors with all supporting documents required for the project audit, and submit audited project financial statements to ADB before due date; • Coordinate with PMC Financial Specialist and assist the implementing agency in preparation and timely submission of audited entity financial statements in acceptable to ADB form; • Open and maintain Special and other project accounts, supervise timely and duly reconciliation of the accounting, bank, and other records (financial obligations, performance of contractual obligations, etc.) with project counterparts; • Ensure compliance of accounting of projects expenditures ADB requirements and legislation of the Republic of Uzbekistan; • Manage (verify, review, approve, etc.) of withdrawal applications (via CPD) prior to submission ADB; • Conduct monitoring and reporting to ensure regular and timely submission of project quarterly financial reports and other relevant reports to MOF, MHCS, tax authorities and etc.; • Analyze planned vs actual expenditures envisaged under loan categories; • Maintain and update the database of the computer system for project financial management; • Control timely preparation of reconciliation statements for all bank accounts of the project and ensure timely preparation and submission of necessary documents, reports and etc. required for stable flow of project funds; • Manage financial aspects of the project, including review of: - procurement orders, ensuring their compliance with the budget; - financial activities and payment terms on all contracts prior to their signing; - invoices for payment after receiving of acknowledging documents on the terms of a contract; • Ensure timely audit of project accounts as per ADB FM requirements, follow up on all audit recommendations and actions to resolve the issues raised in the Management Letter, ensure timely submission of audit reports to ADB, and other stakeholders; • Compile all the APFS (including audit opinions) and management letters and submit the complete package in English language to ADB no later than 6 months after the end of the fiscal year. • Make sure the financial information presented in each PIU's audited project financial statements (APFS) reconcile with the relevant information in the PIU's APFS and ADB's LFIS disbursement records. Prepare a separate unaudited reconciliation statement, in a format acceptable to ABD, and attach to the complied APFS submitted to ADB. • Identify and follow up on any discrepancies and resolve matters in a timely manner. • Support the coordination between PIU and MHCS, MOF, MIIT, and other government agencies and local authorities involved in the project, as well as with ADB on all financial management issues; • Supervise the annual inventory of procured goods; • Participate in workshops, seminars, conferences arranged by ADB on financial management; • Perform other tasks as required by PIU Director. |
| Requirements to the candidate | |
| Age: | 25-55 |
| Gender: | Irrelevant |
| Residence: | Tashkent |
| Education: | Higher |
| Professional requirements | • Bachelor's degree in Business Administration/ Accounting/ Economics/ Law or any other related field from a recognized university. (a Master's Degree in Business Administration/ Accounting/ Economics/ Law will be an advantage). • Minimum 5 years of relevant work experience, of which at least 3 years in financial management, accounting, and/or auditing. • Familiar with National Accounting Standards, knowledge of International Financing Reporting Standards is preferable. • Experience as financial management specialist/accountant specialist in IFI-funded projects will be an advantage. • High standard of integrity and ability to maintain confidentiality of information related to project. • Computer literacy in the use of IT applications (1C accounting software, Windows, Word, Excel, Power Point or equivalent). • Excellent oral and written communication skills in Uzbek and Russian. Working level English is preferable. |
| Working conditions | |
| Region | Tashkent |
| Employment | Full |
| Salary offered | During the interview |
| Additional information | |
| Additional information: | The Government of Uzbekistan requested ADB support for an integrated urban development project to demonstrate sustainable urbanization in four pilot cities aligned with Presidential Decree. The government stated the goals are to develop the three project cities for the following concepts: (i) Khiva as a tourist city, (ii) Djizzak as a regional hub to promote vibrant business environment and innovations, and (iii) Yangiyer & Havast as a small but growing cities with industrial potential to attract investment with the aim of creating green, competitive, inclusive, and resilient cities with regional linkages to be further replicated country wide. For the implementation of above projects, the Project Implementation Unit (PIU) was established and is delegated with the responsibilities of overall coordination of the projects, monitoring, evaluation, reporting and support for procurement, financial management and resolution of more complex technical issues. The Project Implementing Agency is responsible for the implementation of the project, including (i) opening and managing project advance accounts, manage separate financial records and account, prepare and submit required financial reports, accounts, and submit audited entity financial statements; and (ii) execution of works as the employer, project management, procurement, safeguards etc. Provision of overall financial management of the Project in collaboration with all organizations involved in the project implementation. Financial Management Specialist will enter the Project Implementation Unit and be responsible for ensuring the readiness of financial, accounting and etc. required arrangements for project start (effectiveness) and subsequent implementation. Upon effectiveness of the project, Financial Management Specialist will assume responsibility for developing and maintaining a reliable financial management and accounting to make effective use of resources to achieve the project goals and objectives. |
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