INTERNATIONAL INSTITUTE FOR TROPICAL AGRICULTURE (IITA)
TECHNOLOGIES FOR AFRICAN AGRICULTURAL TRANSFORMATION (TAAT) PHASE II
CAPACITY DEVELOPMENT TECHNOLOGY OUTREACH (CDTO) COMPACT
FORUM FOR AGRICULTURAL RESEARCH IN AFRICA (FARA)
REQUEST FOR EXPRESSIONS OF INTEREST
INDIVIDUAL CONSULTANCY SERVICES
CONSULTANCY SERVICES: Accountant TAAT CDTO Compact
Financing Agreement reference: 2100155041681
Project ID No. P-Z1-AA0-139
This Request for Expression of Interest (REOI) follows the General Procurement Notice for this Project that appeared on the African Development Bank Group’s Internet Website(www.afdb.org) 12th August 2022.
The International Institute for Tropical Agriculture (IITA) has received financing from the African Development Fund toward the cost of the Technologies for African Agricultural Transformation (TAAT) Phase II and intends to apply part of the agreed amount for this grant to payments under the contract for TAAT CDTO Compact Accountant who will be based in Accra, Ghana.
The Consultant will be a member of the CDTO Compact Team shall oversee the preparation and maintenance of timely and accurate financial statements and reports per the bank regulations and accounting principles; maintain complete record of all-important project documents and coordinate with project leaders to ensure adherence to the financial implementation aspects of the project agreement, clarify financial issues, answer queries, and give updates on the financial status of the project; monitor funds utilization of projects and schedule of instalments to ensure readily available up to date funding status information necessary for management decision-making; in collaboration with the project Coordinator, draw up quarterly, semi-annual or annual budgets in line with the overall project activities, operational and procurement plans as per grant’s requirements and monitor expenditure to avoid over-expenditure of allocations; participate in the annual budgeting and planning process; handle accounting treatment and financial transaction with respect to disbursements to project collaborators and partners, as needed; review and verify adherence to budgetary requirements of expenditure of projects and ensure proper recording of valid transactions during the month-end and year-end closing of books; produce reports, statements and schedules for audit purposes; in close collaboration with the TAAT CDTO Coordinator, manage cash-flow and prepare cash-flow forecasts in line with the workplan; provide bank reconciliation status as required; maintain advances and asset registers related to the project; analyse the variances against approved budgets monthly and determine the main reasons for major variations and discuss corrective steps with the Budget-holder and Finance Manager; document project procurement of goods and services and management of property and equipment in keeping with donor rules and procedures; prepare, to the satisfaction of the donor, initial advance to the Special Account and subsequent replenishments and justification for expenditure from special account required for the smooth implementation of the project; facilitate collection of financial and technical supporting documents during audit and respond to queries in relation to financial documents; liaise with Contracts and Grants Unit on donor report deadlines and submission; responsible for the Risk Management of area of activities; develop and maintain a system for evaluating/ monitoring contracts and ensure strict compliance with AfDB financial contractual obligations; coordinate the transfer of funds per established agreements and schedules; perform any other duties which may be assigned from time to time by the immediate supervisor.
The selected candidate will report to the Coordinator TAAT CDTO Compact and the assignment shall be for an initial period of One (1) year and subject to renewal with satisfactory performance.
The consultant is expected to commence work on 1st November 2023.
The selected candidate should possess a Bachelor’s degree or equivalent in accounting or related fields; full Professional accounting qualification i.e. CPA, ACCA or CA; 5 Years of working experience on AfDB or a related multilateral development project and donor project financial management; familiarity with the AfDB funding mechanisms; international development and current issues in international aid and finance mechanisms; excellent knowledge of fund accounting, including reporting requirements of development partners; demonstrable skills in the development, monitoring and evaluation of finance and accounting policies and procedures; excellent organizational and communication skills.; demonstrable experience in planning and strategic thinking with strong analytical and problem-solving skills; highly professional in outlook and approach, tenacious and results focused with a commitment to and passion for quality and integrity; experience in multi-cultural environment with proficiency in English and/or French with a working understanding of the other; good knowledge of agricultural research for development in Africa is desirable.
FARA now invites eligible individual candidates to indicate their interest in providing these services. Interested consultants must provide information indicating that they are qualified to perform the services (including their detailed CV and letter of motivation detailing past related experience similar to this assignment.).
Eligibility criteria, establishment of the short-list and the selection procedure shall be in accordance with the African Development Bank’s Procurement Framework, October 2015, which is available on the Bank’s website at https://www.afdb.org/en/projects-and-operations/procurement/new-procurement-policy
Interested consultants may obtain further information at the address below during office hours (0800-1630hrs).