The Government of the Republic of the Marshall Islands
Ministry of Public Works, Infrastructure and Utilities
Marshalls Energy Company
Renewable Energy Generation and Assess INcrease Project (REGAIN)
(P181250)
REQUEST FOR EXPRESSIONS OF INTEREST (REOI)
SELECTION OF AN INDIVIDUAL CONSULTANT
Loan No./Credit No./ Grant No.: XX
Assignment Title: PIU Finance Officer – Individual Consultant
Reference No.: MH-MEC-429538-CS-INDV
The Government of the Republic of Marshall Islands has received financing from the World Bank toward the cost of the Renewable Energy Generation and Assess INcrease Project (REGAIN) (P181250) and intends to apply part of the proceeds for consulting services.
The consulting services (“the Services”) include the Finance Officer to assist MEC to achieve the ambitious climate change and renewable energy goals of GRMI, particularly through supporting the implementation of the Renewable Energy Generation and Assess INcrease Project (REGAIN) (P181250) and its subsequent phases funded by WB.
The REGAIN PIU requires a dedicated Finance Officer to support the implementation of fiduciary requirements specified in the Financing agreement, Disbursement letter, Project Appraisal Document (PAD), the Project Implementation Manual (PIM) and other instruments. The PIU finance officer will liaise and work closely with the REGAIN project manager, MEC and PIU staff on financial requirements for all activities relating to REGAIN project ensuring that all funds are disbursed in compliance with WB Guidelines and instruments/Regulations, the provisions of the Legal/Financing Agreements between the World Bank and the RMI Government, and the National Government laws and regulations. The PIU Finance Officer shall report to the REGAIN Project Manager, under technical guidance and supervision of the Chief Finance Officer (CFO) of MEC. The duty location will be MEC Office, Majuro, Marshall Islands. The duration will be full-time, 24 months subject to extension.
The Marshalls Energy Company (MEC) 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 (attach curriculum vitae with description of experience in similar assignments, similar conditions, etc.).
The criteria for selecting the consultant are:
Evaluation Criteria
CVs of all applicants will be evaluated as follows: all CVs will be scrutinized against the assignment’s minimum requirements. The CVs of candidates that meet the minimum requirements will then be scored according to the set scoring criteria. The three candidates with the highest scores will be invited to an interview. The candidate then identified by the interview panel as the most suitable will be invited to negotiate the contract. Referees of the selected candidate may be contacted to verify prior experience, performance, and character traits.
Minimum Requirements
- Bachelor’s degree in finance/business administration /commerce/accounting or related fields, or equivalent or AA degree with minimum 5 years’ experience in accounting or relevant field
- Demonstrate at least 3 year of work experience in finance
- Oral and written communication skills in the substantive and technical areas described in the Scope of Services – Section 4.
- Sound knowledge of fiduciary policies /guidelines/regulations and institutional arrangements in RMI
- Good writing and analytical skills and capability of working Fluency in written and spoken English is required
- A high level of computer literacy is required with familiarity in Word, Excel, access and
- The successful individual must be willing to work for extended periods without direct supervision and be able to travel to sub-project sites.
Scoring Criteria
Candidate evaluations will be conducted based on the outlined criteria via:
| Criterion | Maximum Points |
| Educational Qualifications | 30 |
| Adequacy for the assignment (experience in the sector, similar assignments, and training).
Experience in the finance sector Experience working for Donor funded projects Experience working for energy sector projects |
20 20 10 |
| Experience in the Marshall Islands (knowledge of local culture or administrative system, government organization, etc.) | 20 |
Desired
- Master’s degree in relevant field or at least 4 years of working experience in relevant field
- Prior work experience in Finance following Government of RMI accounting Process and World Bank fiduciary Process
- Training in finance from a development agency or similar
- Demonstrated ability to work under pressure and pay attention to detail.
- Ability to learn quickly.
- Organized and detail-oriented person.
- Good communication skills.
The attention of interested Consultants (including firms) is drawn to paragraph 3.14, 3.16 and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers under Investment Project Financing dated September 2023 (“the Regulations”), setting forth the World Bank’s policy on conflict of interest.
Interested eligible individuals may obtain detailed TOR and further information upon submission of request by email to Kamalesh Doshi, Project Manager at kamaleshdoshi6@gmail.com OR Patricia Helkena, Project Implementation Officer at patriciahelkena@gmail.com.
Expressions of Interest should include the following documents and must be submitted in a written form to the address below (in person, or by mail or by fax or by e-mail before 5.00 PM Majuro time, Sept 15, 2024. The email subject line should state “Finance Officer-full name of the candidate.”
Cover Letter
CV
The submission must be addressed to:
Jack Chong-Gum, CEO
Marshalls Energy Company (MEC)
Phone no. (692) 625 3827/8
Fax: (692) 625-5886 Tel. (692) 625-3827/8/9
Cc the following:
Kamalesh Doshi
Project Manager
Phone no. (802) 310 2682
Patricia Helkena
Project Implementation Officer
