Finance Specialist Millenium Challenge Account-II Phase Project

Vacancy Announcement MCA-II Phase Project

The Millennium Challenge Corporation (MCC) is a U.S. government corporation established in 2004. Its mission is to provide assistance that will support inclusive and sustainable economic growth and poverty reduction in carefully selected developing countries that demonstrate a commitment to just and democratic governance, economic freedom, and investments in their citizenry.

In December 2018, MCC’s Board of Directors selected Indonesia as eligible to develop a second compact. The compact agreement will be valid for a period of five years. MCC’s work with Indonesia on the second compact is currently in the pre-implementation preparation stage, prior to “Entry-Into-Force” (EIF) of the compact agreement at which time the five-year implementation period begins. The Government of Indonesia is in the process of establishing an implementation entity, called the Millennium Challenge Account – Indonesia II (MCA-Indonesia II or “MCA”), to act as a designee in supervising and managing the implementation of the five-year MCC Compact Program in Indonesia.

The MCC Indonesia Compact is designed to improve the country’s transport and logistics infrastructure, developing high-quality, climate-conscious transportation infrastructure in five provinces while increasing access to finance for micro-, small, and medium-sized enterprises (MSMEs).

On behalf of MCA-Indonesia II, we are seeking talented, highly qualified, and experienced Individual Consultants to take part in these interesting and challenging consulting services as:

Finance Specialist Millenium Challenge Account-II Phase Project

The Finance Specialist, under the supervision of the Director of Administration & Finance, is responsible for the execution of finance and accounting transactions that comply with the reporting and financial management protocols of the MCA, these extend to disbursing funds, transacting with local banks, and maintaining accurate records and reports.

Job Responsibilities

• Assist the relevant supervisor in the Finance Department in all accounting and record keeping.
• Support the Director of Finance in managing the financial aspects of the compact, including budgeting, forecasting, financial reporting, and analysis.
• Assist the DAF Director of Administration & Finance, in coordination with the Project Managers, in estimating the future commitment and cash flow requirements for each Project for each period, and ensure that all accompanying reports are delivered according to the required schedule.
• Assist the Director of Administration & Finance in the monitoring of MCA-Indonesia’s annual Program budget for the entire Compact period.
• Develop quarterly reports, detailed financial plans and quarterly disbursement requests for funding from MCC (all part of the quarterly reporting process), in coordination with the Fiscal Agent.
• Provide quarterly information to M&E and Economics Director on contracts and financial disbursements needed by M&E to track Compact process milestones and timeline/completion risks.
• Support the development and monitoring of the operating budget for the MCA-Indonesia.
• Contribute to the identification and mitigation of financial risks and internal control deficiencies, ensuring robust risk management processes are in place.
• Cooperate fully with the auditors to ensure that the auditing requirements of the program are satisfied as required by the Compact.