REQUEST FOR EXPRESSIONS OF INTEREST
SAINT LUCIA RENEWABLE ENERGY SECTOR DEVELOPMENT
PROJECT
Assignment Title: Consulting Services – Finance Management Officer
Saint Lucia is receiving financing from the World Bank towards the Renewable
Energy Sector Development Project (RESDP) and intends to apply part of the proceeds
for consulting services for engagement of a Finance Management Officer.
The consulting services (“the Services”) of a Finance Management Officer are
required to provide oversight of the Project’s Financial Management System and to
ensure that day-to-day financial management functions are carried out appropriately
to facilitate effective Project Management. The Finance Management Officer will
report to the Project Manager and be required to liaise and work closely with the
Ministry of Finance, Economic Development and the Youth Economy, The
Exploration Management Consultant, The World Bank and the Accounts Section of
the Ministry of Infrastructure, Ports, Transport, Physical Development and Urban
Renewal. The Finance Management Officer will be engaged on a full-time basis and
is expected to commence the assignment no later than November 30, 2021and will be
based at the Ministry of Infrastructure, Ports, Transport, Physical Development and
Urban Renewal. A performance evaluation after the first six months of services
rendered will be done; Engagement can cover a period of up to four years subject to
annual performance reviews
The specific consultancy services required include but are not limited to:
a. Ensuring that the fiduciary responsibilities of the GOSL are met as detailed in the Financing Agreement and Disbursement Letter;
b. Ensuring that all transactions are properly classified and accounted for as per the Project’s Chart of Accounts;
c. Ensuring that the agreed procedures are adhered to in the receipt, disbursement and management of project funds;
d. Ensuring that financial transactions are authorized, recorded, supported with documentation that can be easily extracted for the purpose of preparing financial statements and financial audits;
e. Managing Project expenditures and ensure full compliance with project rules and procedures agreed between the Bank and Government of Saint Lucia as per the Project Appraisal Document, Project Operational Manual, Financing Agreement, Disbursement and Financial Information Letter, and the World Bank Project Guidelines;
f. Establishing and maintaining suitable systems of internal control and update the Financial Management Manual;
g. Preparing for and obtaining approval of financial management arrangements from the World Bank and GOSL
h. Submitting disbursement requests and documenting expenditures to the World Bank, i. Ensuring that Project expenditures are incurred for the intended purpose, and build financial management capacities in the Implementing Agency.
Qualifications and Experience
a. A Bachelor’s Degree in Accounting, Financial Management and/or an equivalent or higher degree; OR Professional Accountancy Qualification CPA, ACCA from a recognized professional body;
b. At least five (5) years relevant work experience in a finance and administrative function;
c. Proficiency in QuickBooks or relevant Accounting software;
d. Demonstrated experience in preparation of financial reports and budget variance analysis;
e. Experience working on World Bank or other donor-funded projects would be an asset.
The attention of interested Consultants is drawn to paragraph 3.14 of the World Bank’s
Procurement Regulations for IPF Borrowers, Procurement in Investment Project Financing: Goods, Works, Non Consulting and Consulting Services, August 2018, setting forth the World Bank’s policy on conflict of interest.
A Consultant will be selected in accordance with the Individual Consultants (IC)
method set out in the World Bank’s Procurement Regulations for IPF Borrowers, Procurement in Investment Project Financing: Goods, Works, Non Consulting and
Consulting Services, August 2018.
Further information can be obtained at the address below during office hours 8:00 a.m. - 4:00 p.m. (0800 to 1600 hours).
Expressions of interest must be delivered to the address below (in person, or by mail, or by e-mail) by September 21, 2021.
Project Implementation Unit
Ministry of Infrastructure, Ports, Transport, Physical Development and Urban
Renewal
Ground Floor, Sir Stanislaus James Bldg
Waterfront
Castries
Saint Lucia
Tel: 758-468-6361/69
E-mail: est@govt.lc