Finance Consultant State of Yap 2

Scope as published

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 Yap State Selection Method Open International Contract Type Time Based Reference No. FM-DOFA-574066-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 Yap State will support the Yap 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 Yap 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 Colonia, Yap 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…

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