Job
Description
Job Title: Financial Management & Fiduciary Expert Location: Aurangabad Region Introduction: We are seeking a highly skilled and experienced Financial Management & Fiduciary Expert for awarded project to us called DSU- MAHASTRIDE , World bank Funded Project to support the implementation of fiduciary responsibilities as outlined in the Program Operation Manual. This role involves planning, budgeting, auditing, reporting, and funds-flow management, ensuring effective utilization of resources for program activities. The ideal candidate will have a strong background in finance, economics, commerce, or law, with significant experience in public finance and procurement. Key Responsibilities: Fiduciary Oversight: Assist the District Collector (DC) and District Program Officer (DPO) in implementing fiduciary responsibilities, including planning, budgeting, auditing, reporting, and funds-flow management as per the Program Operation Manual. Budget Management: Ensure that sufficient budget is allocated for implementing program activities and that expenditures are incurred in accordance with the Program Expenditure Framework. Expenditure Monitoring: Monitor and report expenditures in a timely manner, ensuring compliance with financial guidelines and preventing unused funds in bank accounts. Procurement Advisory: Provide advice on procurement aspects under the guidance of the client and Bank specialist, ensuring adherence to procurement policies and procedures. Scheme Mapping: Support prioritized sectors in mapping existing schemes and programs, including central sector schemes and centrally sponsored schemes, to the District Sector Plan (DSP) interventions. Utilization Improvement: Identify reasons for low budget utilization in prioritized sectors and support efforts to improve utilization. Incentive Fund Management: Assist in identifying suitable activities for utilizing the DSP incentive fund and maintain detailed records of spending from this fund. Tender Documentation: Support prioritized sectors in developing tender documents for activities aligned with the DSP. Dashboard Development: Contribute to the development and updating of the DSP dashboard for monitoring and reporting purposes. Capital Mobilization: Identify gaps in available funds at the district level and assist in projecting expenditure for the next five years to drive key infrastructure projects in the thrust sectors under DSP. Transaction Advisory: Support in conducting transaction advisory for capital mobilization through onboarding of capital mobilization partners for infrastructure development. Stakeholder Liaison: Liaise with stakeholders at the district level, preparing knowledge collaterals and organizing half-yearly Government-to-Business (G2B) conclaves to showcase investable projects. Desired Qualifications: Educational Background: Bachelors degree in Finance, Economics, Commerce, Law, or related field. A Master's degree, Post Graduate Diploma in Management (PGDM) in Finance, Chartered Accountant (CA), Company Secretary (CS), or specialization in Public Policy is preferred. Experience: A minimum of 5 years of relevant experience in areas such as project assessment, public finance, public procurement, and contract management with government or private agencies. Capital Mobilization Experience: Experience in at least one capital mobilization or finance project with a state or central government in India is advantageous.
