Financial Management Specialist (FMS)

National Local Government Finance Committee (NLGFC) · Lilongwe, Malawi

Posted November 6, 2026Listing expires November 13, 2026

NATIONAL LOCAL GOVERNMENT FINANCE COMMITTEE

Integrated Social Protection for Resilience and Opportunity (INSPIRE-O)

Credit /Grant NoP512324

Date of Issue6th November 2026

EXPRESSION OF INTEREST FOR POSITIONS UNDER THE INTEGRATED SOCIAL PROTECTION FOR RESILIENCE AND OPPORTUNITY (INSPIRE-O)

The Government of Malawi (GoM) through the National Local Government Finance Committee (NGFC) has received financing from the World Bank Group and the Malawi Social Protection Multi-Donor Trust Fund supported by the European Union, Ireland, the United Kingdom through FCDO, Germany through KIW, Iceland, and Norway towards the cost of Integrated Social Protection for Resilience and Opportunity (INSPIRE-O). The NGFC intends to apply part of the proceeds of this financing to eligible payments under the contract to recruit various specialists and/officers on a three – year contract, renewable annually based on performance and availability of financial resources or as mutually agreed by both parties.

NGFC, therefore, invites applications from suitably qualified and interested candidates to fill various positions available at the NGFC Offices:

Financial Management Specialist (1 position)

Position Overview

The Financial Management Specialist (FMS) is a senior and key member of the Project Implementation Unit (PIU) of the National Local Government Finance Committee (NLGFC). The FMS will be responsible for ensuring that all project financial resources are managed in accordance with the Financing Agreement, Government of Malawi public financial management regulations, the Project Implementation Manual (PIM), and World Bank financial management requirements. The role is critical to ensuring that project resources are used efficiently, effectively, transparently, and for their intended purposes. The FMS will work as part of the INSPIRE-O Project Implementation Unit and will report to the Project Coordinator for day-to-day operations and management. For all technical financial management matters, s/he will have a technical reporting line to the Director of Finance and Fiscal Decentralization.

Objective of the Assignment

The primary objective of the Financial Management Specialist position is to ensure the sound financial management of the project in full compliance with:

• The Financing Agreement and related legal covenants;
• The Government of Malawi’s public finance regulatory framework, Treasury Instructions, and the Financing Agreements;
• The Project Implementation Manual (PIM) and related operational guidelines;
• The World Bank’s Financial Management Requirements for Investment Project Financing (IPF);
• The Government of Malawi’s Anti-Corruption and Anti-Bribery Ethics framework.

Duties and Responsibilities

The FMS shall perform the following.

Financial Planning, Budgeting, and Cash Flow Management

• Lead the timely preparation and consolidation of the project budget, including annual work plans and budgets (AWPBs), in close coordination with technical teams, the Project Coordinator, and relevant government ministries and departments.
• Develop and monitor cash flow forecasts and ensure timely replenishment of funds to maintain adequate financial resources for project implementation.
• Manage the project’s designated and special bank accounts, and ensure their timely and accurate reconciliation.
• Prepare and submit withdrawal applications for funds disbursement including the replenishment of the Designated Account, direct payments, reimbursements and special commitments in accordance with World Bank procedures.

Accounting, Financial Reporting, and Compliance

• Establish, operate, and maintain the project’s financial management system, ensuring it meets the requirements of the Government of Malawi and the World Bank.
• Ensure compliance with International Public Sector Accounting Standards (IPSAS) and applicable Government accounting policies and regulations in the preparation of project financial statements.
• Prepare and timely submit financial reports in compliance with World Bank requirements and Government of Malawi regulations, including Interim Financial Reports (IFRs) and audited financial statements, within the prescribed timelines.
• Ensure that all supporting documents, records, and accounts are properly maintained in respect of all project activities, ensuring a proper audit trail.
• Maintain accurate and traceable schedules for taxes, ensuring timely remittance of tax deductions to the Malawi Revenue Authority (MRA).
• Coordinate the preparation and submission of consolidated financial reports from central and district levels, ensuring correlation between implementation progress and financial performance.

Internal Controls, Risk Management, and Fiduciary Oversight