Duties & Responsibilities:
The Advisor would report to the Oversight Board and SOC Director General and liaise with stakeholders responsible for SOCs reform and SOC Law implementation
The main scope of the assignment is to deliver timely financial guidance, technical analyses and advisory services in the fields of finance, accounting and reporting. Essentially the tasks denoted in the deliverable part. Also to work collaboratively with SOECs General Directorate as per the New SOC Law guidelines, with existing material and stakeholder consultation to support SOC law implementation, status change and package of financial reforms in the commercial entities of the Government of the Islamic Republic of Afghanistan.
1. Deliverables:
The International Finance Advisor is responsible for delivering of the following tasks within six month of its contract with SOECs Directorate General of MoF.
S.No.
Title of the Deliverable
% of the Task
No. Working days
1
2. Review and analyse the financial statements of the SOCs and draft Sample CoA and synchronize them with Financial Statements and FMIS/ERP. Give advice on their standardization per GAAP and IFRS.
10%
18 Working days
Preparing detailed financial and ratio analysis format for Annual Financial Statements Supervision and Assessment of SOEs and SOCs for onward use of Financial Supervision Unit of SOEC General Directorate.
10%
18 Working days
3. Advise and prepare instruction plan for replacing the existing manual financial accounting and reporting systems (paper-based ) with creating of an online Centralized FMIS/ERP to achieving financial monitoring, social and economic objectives; provide the way for sharing on time information with SOEC GD and related government authorities.
10%
18 Working days
4
4. Help in the Status change process of SOCs on Accounting and Financial technical side such as financial analyses of portfolio, financial advisers on merger, liquidation, finding net worth, preparing indicators for finding the fiscal Risk of SOCs.
30%
54 Working days
Help in the Status change process of SOCs on Accounting and Financial technical side such as financial analyses of portfolio, financial advisers on merger, liquidation, finding net worth, preparing indicators for finding the fiscal Risk of SOCs.
30%
54 Working days
Review SOEs’ fixed assets records, Prepare a Standard Fixed Asset Register and give advice on any necessary adjustments (e.g. revaluations aligned with agreed accounting standards).
10%
18 Working days
Prepare a financial control system for SOEC to enable automatic monitoring of SOEs and SOCs Financial transactions. e.g. to enable SOEC for monthly and quarterly SOEs and SOCs financial supervision and Bank reconciliation. For verifying that statutory payments including, taxes and dividends are made on time.
10%
18 Working days
Supporting SOEC management in planning and managing the transitions from implementation of these changes to continuing operations in the new environment.
5%
9 Working days
finding out the deficiencies of Finance and Accounting staffs of SOEC and SOCs and advising on courses for capacity building such as book-keeping, financial accounting, Financial Reporting, Financial Statement analysing, budgeting, and compliance.
5%
9 Working days
Advise SOEC on how to monitor SOEs and SOCs with obligations to prepare properly Annual Financial Statements and other supporting documentation such as Bank Reconciliation Statements on quarterly bases.
5%
9 Working days
Guide and Instruct local Finance consultants and SOEC Finance staffs. Also any other tasks as the Oversight Board and SOEC Director General may advise in writing from time to time.
5%
9 Working days
Qualifications:
Must be empanelled with ACCA or any other region country’s Chartered Accountants Body for not less than five years.
Must have carried out minimum 10 years professional services in the fields of financial accounting, analysis and reporting for commercial entities. Specific experience with government-owned commercial activities is desirable but not essential.
The Advisor’s will be contracted for duration of 6 months from the first day of signing the contract. The Contract covers 180 days of working days. The contract may be extendable based on the performance and needs of the mission on mutually agreed terms.
The duty station of the Advisor would be SOEC General Directorate-Kabul, but some travel to Provinces will probably be needed.