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World Bank Procurement Notices & Contract Awards · OP00475048

Finance Consultant State of Chuuk 2

Statut
Clos
Montant estimé
Montant non publié
Date limite
31 oct. 2026
Publié
14 oct. 2026
Acheteur
Department of Finance and Administration
Pays
MULTI
Source
World Bank Procurement Notices & Contract Awards

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Description

FEDERATED STATES OF MICRONESIA REQUEST FOR EXPRESSIONS OF INTEREST Country Federated States of Micronesia Project Project for Strengthening Public Financial Management II (P181237) Project Implementing Agency / Client Department of Finance and Administration (DOFA) Assignment Title Finance Consultant for Chuuk State Selection Method Open International Contract Type Time Based Reference No. FM-DOFA-574065-CS-INDV Credit/Grant No. IDA-E4120 Date of Advertisement October 16, 2026 Deadline for Submission October 31, 2026 The Government of The Federated States of Micronesia (FSM) has received financing from the World Bank toward the cost of the Strengthening Public Financial Management II (PFM II) Project (P181237) and intends to apply part of the proceeds for consulting services. The consulting services (“the Services”) involve providing full-time technical advisory and capacity-building support under Component 2 – Expand Core Financial Management Information System (FMIS), Subcomponent 2.1 – Continued Rollout of Core Public Finance System of the PFM II Project. The Finance Consultant for Chuuk State will support the Chuuk State Finance Department in the continued rollout, operationalization, and stabilization of the FreeBalance FMIS. The assignment will focus on validating financial transactions and data migrated from FundWare to FreeBalance, reconciling FY26 opening balances, strengthening accounting and financial reporting processes, improving internal controls related to FMIS operations, and building the capacity of State Finance staff to use the system effectively and sustainably. The key responsibilities will include, but not be limited to: Reviewing and validating financial transactions, account balances, and data migrated from FundWare to FreeBalance, including the reconciliation and validation of FY26 opening balances. Supporting FreeBalance stabilization by identifying, documenting, prioritizing, escalating, and following up on accounting, data migration, transaction-processing, reporting, and system-related issues. Supporting monthly financial reporting, bank reconciliations, accounting entries, and month-end and year-end accounting processes in accordance with applicable GASB, GAAP, and FSM accounting requirements. Reviewing and strengthening internal controls, accounting procedures, and compliance-monitoring practices relevant to FMIS operations. Providing hands-on coaching and on-the-job training to Chuuk State Finance staff in government accounting, FreeBalance operations, reconciliations, financial reporting, data validation, and issue resolution. Coordinating with the FSM Department of Finance and Administration at the National Government level, the PFM II Project Management Unit, the FMIS Adviser, ICT personnel, and FreeBalance specialists to resolve accounting and system issues and support sustainable FMIS operations. The assignment will be based in Weno, Chuuk State, Federated States of Micronesia , with coordination with the FSM Department of Finance and Administration at the National Government level. The consultancy is expected to be full-time for twelve (12) months, with an anticipated start date as soon as possible, subject to completion of the selection and contracting process. The detailed Terms of Reference (TOR) for the assignment can be found at the Department of Finance and Administration website: https://dofa.gov.fm , as part of this REOI, or can be obtained at the address given below. The Department of Finance and Administration now invites eligible individuals (“Consultants”) to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services. Consultants should submit a Curriculum Vitae (CV) describing their qualifications, professional experience, experience in similar assignments and relevant experience in similar institutional or country contexts together with a cover letter outlining their interest in the assignment and suitability for the position. The criteria for selecting the Consultant are: Mandatory Requirements: The Consultant shall possess: Education: A Master's degree in Accounting. Candidates holding a CPA qualification together with a degree in Finance, Information Systems, Public Administration, or an equivalent related field are also encouraged to apply. Professional Experience: At least ten (10) years of progressive experience in public sector accounting, financial management, and Public Financial Management (PFM) reforms. Technical Expertise: Demonstrated expertise in applying Governmental Accounting Standards Board (GASB) pronouncements and Generally Accepted Accounting Principles (GAAP), extensive experience with FMIS implementation, operationalization, stabilization, transaction processing, financial reporting, reconciliation and/or data migration, and demonstrated ability to identify, analyze, and resolve accounting, financial data, and system-related issues in an FMIS environment. Desirable: Software Proficiency: Experience with FundWare and/or FreeBalance, particularly in FMIS stabilization, troubleshooting, issue escalation, and coordination with system vendors and national-level technical teams. Capacity Building and Communication: Proven ability to train and mentor government staff in financial reporting, PFM principles, and new software systems, supported by excellent analytical, communication, and report-writing skills. Governmental Accounting Knowledge: Thorough knowledge of governmental fund financial statements and government-wide financial reporting, including the Statement of Net Position, the three categories of Net Position, program and general revenues, Transfers and Internal Balances, the five categories of Fund Balance, and the distinction between Revenues and Other Financing Sources and Expenditures and Other Financing Uses. Geographic Experience: Prior experience working with island nations or small governments. The attention of interested Consultants is drawn to paragraphs 3.14, 3.16 and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers, Seventh Edition, September 2025 (“the Regulations”), setting forth the World Bank’s policy on conflict of interest. Further information can be obtained at the address below during office hours 08:00 to 17:00 hours, Pohnpei Time. Expressions of interest must be delivered in a written form to the address below by e-mail only preferably by 5pm Pohnpei Time, October 31, 2026. Expressions of Interest must be submitted by email only to the following addresses: Attn: Osbert Atusaasiire Project Manager PFM II Department of Finance and Administration Palikir, Federated States of Micronesia Email: osbert.atusaasiire@dofa.gov.fm And cc to: arrio.abello@dofa.gov.fm Terms of Reference – Finance Consultant Title: Finance Consultant Location: Finance Department of the Chuuk State Government with Coordination with the FSM Department of Finance & Administration at the National Government level Duration: 12 months Tentative Start Date: As soon as possible 1. Background The project, Federated States of Micronesia (FSM) Strengthening Public Financial Management II (PFM II), builds upon key public financial management (PFM) reforms achieved under the previous FSM Project for Strengthening Public Financial Management (P161669) (PFM I). The objective of PFM II is to improve fiscal management practices and increase fiscal transparency at the National Government level. PFM II supports key strategic areas defined in FSM’s 2023-2026 PFM Reform Roadmap, e.g. addressing challenges in core institutional public finance capacity. Specifically, the project supports: Improved fiscal management practices and controls (Component 1) Expanded core financial management information systems (Component 2) Enhanced human resource capacity, communications and

Coordonnées professionnelles publiques

Osbert Atusaasiire

osbert.atusaasiire@dofa.gov.fm

320-2640 or 320-2645

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