The Financial Reporting Center (FRC) is created by and derives its mandate from the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Act of 2016 with the objective to operate as a national central agency responsible for the receipt, analysis and appropriate dissemination of all information relating to monetary Laundering (ML) and terrorism financing (TF).  FRC is designed to protect Somalia’s financial system, develop, and enforce robust AML and CTF frameworks. The FRC will be committed to working with our international partners, national and international law enforcement agencies, and industry regulatory peers in the fight against money laundering and terrorism financing in Somalia.

The role of the FRC is to help rebuild the trust in the Somali financial system and promote the confidence level of international banks and governments in the Banks and Money Transfer Businesses (MTBs) that operate in Somalia by preventing Banks and MTBs from being used for money laundering and terrorism financing. The FRC does this by:

• Issuing regulations, providing guidance and feedback to relevant ministries and agencies as well as reporting entities in AML/CFT regime.
• Designing and implementing compliance monitoring and enforcement systems for sectors that lack designated supervisory authorities.
• Imposing proportionate, dissuasive, and effective administrative sanctions and penalties.
• Representing the country in national, regional, and global meetings, forums, and organizations that focus on AML/CFT issues.
• Signing and implementing memorandum of understanding and other agreements with foreign financial intelligence units.

General Information

Title of Consultancy	Finance and Administration Consultant
Type of Contract	Consultant
Duration of Assignment	One year
Location	Mogadishu
Supervisor	Finance Manager

Nature of the work
The Finance and Administration Division led by the Finance Manager provides the business infrastructure for the execution of the FRC’s work. The primary functions within this division include those of office management, financial and administrative management, supply chain management, human resources, registry, and document storage services, staff learning and development and security services.

Mission of the Department: Drive the financial and administration processes to conduct the office administration and to generate reliable, transparent & timely financial and administrative information needed by Financial Reporting Centre to manage its resources and the funds entrusted to it by its donors & partners, thereby generating ongoing confidence.

Major functions: The Finance/Admin Consultant will assist the FRC Finance and Administration team in ensuring the seamless operation of all FRC finance, administration, HR, and logistic procedures, as well as their compliance with government departments, in accordance with FRC and donor rules and requirements.
Under the supervision of the Finance manager, the Finance & Administrative Consultant specific responsibilities will be as follows:

Finance and grant management

• Assist the finance manager for the matters to ensure an effective management of the financial resources according to the FRC procedures.
• Ensure payables are managed smoothly and efficiently in accordance with FRC procedures and with accuracy and completeness. Ensure that all payments are done in a timely manner; ensure that transactions are processed daily in the system and that they are accurate and complete.
• Undertake FRC finance procedures, including day-to-day expenditure management and monitoring, relevant aspects of periodic donor reports, financial transactions with Partners and local banking services.
• Support the FRC Director and the Finance Manager to execute their financial management mandates including but not limited to preparing annual work plans, financial management reports for internal use, project budgets and quarterly financial reports.

Human Resources:

• Undertake FRC Human Resource procedures including contracts, payments, travel requests, and security clearances.

General administration

• Support capacity development of Administration staff by imparting the necessary administrative skills via handholding.
• Carry out regular assessment of finance and administration system and provide requisite reports on status and way to improve the systems.
• Assist in organising and facilitating the administration office work including establishment of procedures for tracking internal correspondence, maintaining manual records and automated related to logistics, budget and others.
• Assist in contract management for external contracts including checking invoices and delivery note against goods as and services provided.
• Assist in developing and implementing facility management strategy, policy and procedures.
• Perform any other duties that maybe assigned by the Finance Manager.

Essential Criteria

• University degree in accounting, business administration, management, or finance from an internationally recognised University;
• Minimum of 5 years working experience in a relevant role in in finance, office management, administration, human resources, people relationship, and budget monitoring;

• Competent computer skills, especially Microsoft Word, Excel and Power Point.
• Fluency in written and spoken English and Somali are required

Desirable skills/attributes

• Ability to think critically, solve problem and make decisions;
• Ability to communicate and express complex information in a simple and succinct manner;
• Ability to prioritise and meet deadlines;
• Attention to detail;
• Ability to drive change;
• Ability to work effectively on own initiative;
• Ability to win the confidence of others and positively influence people and situations;
• Ability to develop good working relationship with a variety of internal and external partner;

• Ability to work under pressure.

The Ministry of Ministry of Finance now invites eligible consulting (“Consultants”‘) to indicate their interest in providing the above-mentioned Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services and furnish the Curriculum Vitae (CV).

Attention of interested Consultants is drawn to section III, para 3.14,3.16 & 3.17 of the World Bank’s Procurement Regulations for IF Borrowers: Procurement in Investment Projects Financing Goods, Works, Non -Consulting and Consulting
Services dated in November 2020 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.

A Consultant will be selected in accordance with the Individual Consultant method set out in the World Bank Procurement Regulations.

Interested Consultant may obtain further information (in person or by e-mail) at the address below during office hours from 8.00 a.m.- 4.00 p.m. Saturday to Thursday except on public holidays.

Deadline for submission: Expressions of interest should be delivered in form to the address below (in person, or by e-mail) by  March 08, local Time.