We are seeking a highly skilled Finance Expert to manage financial reporting, disbursement processes, and compliance tasks for a wastewater infrastructure project funded by international financiers (EBRD, EIB, and other MDBs). The Finance Expert will ensure that all financing conditions, covenants, and reporting obligations are met, while maintaining precise and transparent financial management practices. This role requires close coordination with the Project Implementation Unit (PIU), the Client, and the financiers.
Key Responsibilities:
- Compliance with Financing Documents
- Review all financing agreements, loan/grant agreements, and disbursement handbooks to ensure compliance with contractual obligations.
- Support the Client, PIU, and FWWC in meeting conditions precedent and effectiveness conditions for disbursements.
- Track and document compliance with continuing covenants, warranties, and representations, providing regular updates and ensuring readiness for audits.
- Disbursement & Reconciliation
- Prepare and submit Disbursement Requests (DRs), ensuring correct usage of forms (e.g., DH2-01, DH2-02 SOE) and compliance with the financiers' requirements.
- Reconcile funding allocations across multiple financiers, ensuring accurate pro-rata distributions in line with financing conditions.
- Manage cash flow forecasting, budget control, and fund allocation, ensuring proper alignment with contract payment schedules and project milestones.
- Financial Reporting & Audits
- Prepare and maintain Project Accounts in the form required by the financing documents.
- Support audit processes by preparing comprehensive statements of expenditures and addressing any audit findings through action plans.
- Prepare financial sections of Client Progress Reports, including expenditure tracking, disbursement forecasting, and updated cost breakdowns.
- Templates and Systems
- Develop reporting templates for periodic financial reports, disbursement requests, and reconciliation documentation in line with EBRD/EIB requirements.
- Establish a tracking and monitoring system to ensure timely submission of all financial and progress reports.
Environmental and Social Reporting Support - Coordinate with the ESIA and environmental/social teams to ensure that ESAP-related financial tracking is integrated into regular reporting to financiers.
- Support the preparation of Annual Environmental & Social Reports (AESR) where required, aligning financial data with ESAP actions.
- Capacity Building
- Train the Client and PIU staff on financial reporting, disbursement procedures, and compliance requirements, ensuring that local teams can continue accurate reporting after the consultancy phase.
Qualifications & Skills:
- Bachelors or Masters degree in Finance, Accounting, Business Administration, or a related field.
- 7-10 years of experience in financial management of donor or MDB-funded infrastructure projects (EBRD, EIB, World Bank, or similar).
- Proven experience with disbursement request preparation, SOE reporting, and compliance tracking under financing agreements.
- Familiarity with FIDIC-based contracts and financial provisions related to infrastructure and consultancy services.
- Strong command of IFRS accounting standards and audit requirements.
- Advanced Excel and financial modeling skills; experience with ERP or accounting software is a plus.
- Excellent communication and coordination skills with stakeholders and donor agencies.
- Fluent English (written and spoken); Arabic is an asset.
Preferred Attributes: - Ability to handle high-stakes financial submissions with zero tolerance for errors.
- Proactive problem-solving mindset, capable of anticipating financial requirements.
- Experience in training and capacity building for PIU or government agency staff.
- Strong reputation for integrity, accuracy, and timely reporting.