Madhavan Balachandran

Advice and provide FM support to Cental Implementing Unit in Managing

World Bank funded project reporting of fund utilization and simplify the process to avoid delays in payments to Consultants and Suppliers.

Identify gaps in the Financial Management system of the Ministry of Finance and provide recommendation.

Review the newly developed FM system by the Govt and recommend areas for improvements.

Provide guidance to Govt in managing the World Bank Global Climate funds in recording and reporting.

Served as Financial Management Coordinator for the Pacific Region in coordinating FM Specialists regional work and integrating them within Pacific countries for better management of Financial Management of World Bank IDA and Trust Funds.

Served as Advisor for the World Bank FM system development for the disbursement module and organized tailored training for FMS in all the regions of the Bank. Also contributed to the FM system manual and the FAQ notes and kept them updated as and when required.

Provided FM clearance to all the projects during assessments, implementation and closure and provided inputs to supervision reports and recommendation for improvements in the Republic of Marshall, Federated States of Micronesia, and Palau

Monitored and provided recommendation for improvements to a project funded by the Global Climate funds in Republic of Marshall Islands and Federated States of Micronesia.

Was the responsible Sr. Financial Management Specialist for the project portfolio in RMI, FSM and Palau islands in the pacific region.

Provided and managed the financial management aspects of all the Global Trust funds from the Unit.

Streamlined the Financial Management reporting for the global grants and supported TF Task Managers and unit in managing the TF at an operational level.

Contributed to the Financial Policies in managing Trust Funds upto 5 million US Dollars.

Was a go to person for Task Managers and other TF operational staff in managing TF recording and reporting to both Donors and implementing partners.

Simplified the FM reporting template to link the expenses to activities.

Provided clinics to project clients in managing World Bank TF.

Conducted trainings in Financial Management reporting in Cambodia, Laos and Vietnam and identified the weakness in the system and recommended actions for improvement.

Assisted the Secretariat with design of financial management system to be compatible with the World Bank fiduciary requirements.

Provided budget development and financial planning to Cities Alliance clients and partners.

Played a vital role in the TF management of Cities Alliance to make sure, the funds are utilized for the intended purpose with economy, efficiencies and effectiveness. Developed and put in place systems to make sure the physical progress of activities funded by the Global TF managed by Cities Alliance Secretariat can be clearly linked to financial progress.

Provided Financial Management support to Cities Alliance Secretariat during negotiation wiht donors to make sure the donor funds are agreed and disbursed on time and the project funded by the Secretariat can complete implementation on time.

Implemented strict internal control and made sure they are complied by the Cities Alliance Task Managers and project clients

Contributed to several project completion reports and recommended remedies to weakness that should be improved in the next cycle of Trust fund to clients.

Identified through stringent monitoring fraud involving several millions funded to an international NGO funded by Cities Alliance Trust fund and took measures to get the funds refunded back to the World Bank.

Provided Financial Management project supports to several projects funded by International Development Authority (IDA World Bank) during negotiation, implementation and closure.

Conducted trainings to project clients in managing and reporting project funds disbursed by the World Bank.

Assisted with design of financial management systems to several project in Sri Lanka, Maldives, Bangladesh, Pakistan, Bhutan and Nepal.

Contributed to the simplification of grant agreement template development by the World Bank for small Trust funds.

Was responsible for the audit compliance reports developed by the South Asia region for top management responsible for South Asia in the World Bank.