Pakistan Railways has invited applications from qualified, experienced, and highly motivated Pakistani nationals for the position of Financial Analyst / Specialist MDB Financial Management and Loan Disbursement PPS-11. The appointment will be made on a contract basis under the Project Implementation Unit PIU ML-1, China Pakistan Economic Corridor Support Project CPECSP.

This senior financial management position is intended for an experienced professional with extensive knowledge of multilateral development bank financing, project accounting, loan disbursement, financial reporting, budgeting, internal controls, government financial procedures, and donor compliance.

Pakistan Railways Financial Analyst Specialist Job Details

Position: Financial Analyst / Specialist MDB Financial Management and Loan Disbursement
Project Pay Scale: PPS-11
Number of Vacancies: One
Hiring Organization: Pakistan Railways
Project: Project Implementation Unit PIU ML-1, China Pakistan Economic Corridor Support Project
Employment Type: Contract
Initial Contract Period: One year
Maximum Age Limit: 55 years
Primary Location: PIU ML-1 Office, Lahore
Posting Liability: The selected professional may be required to serve anywhere in Pakistan
Application Deadline: 14 August 2026

The advertisement identifies one vacancy at the PIU ML-1 Office in Lahore and states that the selected candidate may be assigned anywhere in Pakistan.

Salary and Pay Package

The selected candidate will receive the applicable PPS-11 pay package under the Government of Pakistan’s Standard Pay Package for project staff. Salary placement within the approved scale will depend on the qualifications and professional experience of the selected candidate.

Under the revised Project Pay Scales effective from 1 July 2026, PPS-11 carries a minimum monthly salary of Rs. 735,000 and a maximum monthly salary of Rs. 845,250.

Contract Duration

The Financial Analyst / Specialist will initially be appointed for one year. The contract may be extended based on:

Satisfactory performance
Continued project requirements
Availability of project funds
Approval by the competent authority

The appointment will remain co-terminus with the approved project. The selected professional will work under PIU ML-1 and report to the Team Leader or Project Director while coordinating with senior finance and project officials.

Educational Qualification

Applicants must hold a Master’s degree representing at least 16 years of education in one of the following disciplines:

Finance
Accounting
Commerce
Economics
Business Administration with specialization in Finance
An equivalent finance-related discipline

The degree must have been awarded by a university or institution recognized by the Higher Education Commission of Pakistan.

A professional accounting or finance qualification will be preferred, including:

Chartered Accountant
ACCA
CMA or ICMA
CPA
An equivalent recognized professional qualification

The prescribed academic and professional requirements are stated in the official advertisement and detailed terms of reference.

Required Professional Experience

Candidates must possess at least 10 years of relevant post-qualification professional experience in areas such as:

Financial management
Project accounting
Budget preparation and monitoring
Financial reporting
Loan disbursement
Public-sector financial management
Development project finance

Out of the required experience, applicants must have at least five years of progressively responsible experience working on projects funded by multilateral development banks or other external development partners.

Relevant institutions may include:

Asian Development Bank
World Bank
Asian Infrastructure Investment Bank
Islamic Development Bank
Other multilateral development banks

Applicants must be able to provide documentary evidence verifying the nature, duration, and level of responsibilities performed during their claimed experience.

Required MDB Loan Disbursement Experience

Applicants for the Pakistan Railways Financial Analyst Specialist Job must have practical experience in preparing, reviewing, processing, or managing:

Withdrawal Applications
Statements of Expenditure
Designated or Advance Accounts
Direct Payments
Reimbursement claims
Commitment Letters
Interim Unaudited Financial Reports
Annual Project Financial Statements
Disbursement forecasts
Loan category allocations
Financing percentages
Contract balances
Donor financial reporting
MDB Client Portal for Disbursements

Candidates should understand how to select and apply the correct disbursement method for each transaction in accordance with the relevant financing agreement, disbursement letter, procurement requirements, and MDB loan disbursement procedures.

Required Technical Knowledge

Candidates should possess strong working knowledge of:

ADB Loan Disbursement Handbook
ADB Financial Management Guidelines and Frameworks
Government of Pakistan Financial Rules
Public Sector Development Programme procedures
PIFRA and SAP accounting systems
Government public-sector accounting procedures
IPSAS
IFRS
ERP-based financial management systems
Computerized accounting software
Advanced Microsoft Excel
Financial modelling
Financial risk assessment
Project cash-flow forecasting
Internal financial controls
Audit and fiduciary compliance

Experience working on railway, transport, engineering, CPEC, or other large infrastructure projects will be considered an added advantage.

Key Duties and Responsibilities

Financial Management and Strategic Oversight

The Financial Analyst / Specialist will lead the financial management arrangements for MDB-financed activities under the ML-1 Project.

The selected professional will:

Develop and maintain appropriate financial management systems.
Establish accounting procedures and financial reporting mechanisms.
Strengthen internal financial controls.
Advise project leadership on financial planning and resource utilization.
Monitor budget utilization and project cash flow.
Assess financial risks and recommend suitable mitigation measures.
Ensure that financial management arrangements comply with MDB and government requirements.

The role requires both operational financial management and strategic advice to the Project Director and other senior project officials.

MDB Loan Disbursement Management

The Financial Analyst / Specialist will oversee the preparation and processing of:

Withdrawal Applications
Statements of Expenditure
Direct Payment applications
Reimbursement applications
Commitment Letters
Advance Account documentation
Supporting disbursement records

The incumbent will determine the correct disbursement method for each transaction and ensure compliance with financing agreements, disbursement letters, procurement regulations, and MDB procedures.

The role will also involve:

Monitoring the use of loan proceeds
Tracking expenditure by loan category
Monitoring financing percentages
Reviewing contract balances
Preparing disbursement forecasts
Operating the MDB Client Portal for Disbursements
Coordinating with MDB officials to resolve complex financial or disbursement matters

Financial Planning, Budgeting and Reporting

The selected candidate will be responsible for preparing and reviewing:

Annual financial plans
Project budgets
Expenditure forecasts
Cash-flow projections
Monthly financial reports
Quarterly financial reports
Annual project financial statements
Development fund utilization reports
MDB-required financial reports

The Financial Analyst / Specialist will monitor the utilization of funds released under the Public Sector Development Programme and externally financed project components.

Financial reports may be required for:

Ministry of Railways
Planning Commission
Finance Division
Economic Affairs Division
Accountant General Pakistan Revenues
Relevant multilateral development banks

The position will also support the financial preparation of PC-I, PC-IV, PC-V, project completion reports, and other government project submissions.

Accounting and Internal Controls

The incumbent will ensure that project accounting records are maintained accurately in PIFRA, SAP, or another approved financial management system.

Responsibilities will include:

Reviewing contractor and consultant invoices
Verifying payment claims
Confirming budget availability
Checking contractual compliance before payments are recommended
Reviewing bank reconciliations
Monitoring contract ledgers
Maintaining commitment registers
Reviewing advance accounts
Checking project expenditure records
Ensuring appropriate segregation of financial duties
Maintaining complete and audit-ready financial documentation

Audit, Compliance and Fiduciary Assurance

The Financial Analyst / Specialist will coordinate and support:

External audits
Auditor General of Pakistan audits
Internal audits
MDB financial management reviews
Fiduciary compliance assessments

The selected professional will monitor the resolution of audit observations and ensure that corrective actions agreed with auditors or development partners are implemented within the required timeframe.

The position will also monitor compliance with:

Government Financial Rules
Public procurement requirements
MDB fiduciary requirements
Applicable taxation laws
Public-sector accounting standards
Financial covenants
Loan and financing agreements

Coordination and Capacity Building

The selected candidate will coordinate on financial matters with:

Ministry of Railways
Finance Division
Economic Affairs Division
Accountant General Pakistan Revenues
State Bank of Pakistan
Commercial banks
MDB mission teams
Project consultants
Contractors
Supervision consultants
Project finance personnel

The incumbent will provide technical guidance to Financial Managers, Accountants, Disbursement Officers, and other finance support staff.

The Financial Analyst / Specialist may also be required to:

Prepare financial management manuals
Develop standard operating procedures
Issue internal financial guidance notes
Conduct training sessions for project staff
Build staff capacity in MDB financial management and disbursement procedures

Management Accounts and Financial Analysis

Additional responsibilities may include:

Processing income-related accounting journals
Ensuring donor restrictions and earmarked funds are recorded correctly
Producing monthly management accounts
Reconciling management accounts with the nominal ledger
Preparing balance sheets
Preparing cash-flow statements
Analysing expenditure and budget variances
Identifying potential financial problems
Recommending corrective measures
Providing updated budget information to budget holders
Preparing ad hoc financial information for project leadership
Improving the quality and accuracy of accounting reports

Required Skills and Competencies

Successful candidates should demonstrate:

Thorough understanding of MDB and ADB financial management frameworks
Strong knowledge of loan disbursement procedures
Excellent financial planning and analytical skills
Strong leadership and supervisory capabilities
Ability to prepare high-quality financial reports
Ability to develop management presentations
Effective stakeholder coordination skills
Sound professional judgement
High ethical standards and integrity
Strong written and verbal communication skills
Proficiency in English and Urdu

Reporting Structure

The Financial Analyst / Specialist will report directly to the Team Leader, PIU ML-1 CPEC Support Project.

The incumbent will maintain close functional coordination with:

Project Director PIU ML-1
Deputy Project Director
Financial Adviser and Chief Accounts Officer, Pakistan Railways
Member Finance Office, Ministry of Railways
MDB Financial Management Specialists
Relevant project and mission teams

The selected candidate will provide periodic financial management reports, disbursement forecasts, compliance reports, and strategic financial advice for implementation of the ML-1 Project.

Shortlisting Criteria

Applications will initially be examined through mandatory eligibility screening. Candidates must satisfy all essential conditions, including:

Pakistani nationality
Submission of a complete application before the deadline
Relevant Master’s degree based on at least 16 years of education
Minimum 10 years of post-qualification experience
Minimum five years of MDB, World Bank, or ADB financial management and loan disbursement experience
Compliance with the maximum age limit
Proper-channel application by government employees
Documentary proof of claimed experience

Candidates passing the mandatory screening will be assessed under a 100-mark merit system:

Academic qualifications: 15 marks
Relevant post-qualification experience: 20 marks
MDB financial management and loan disbursement experience: 30 marks
Leadership and large infrastructure project experience: 20 marks
Technical skills, training, financial systems, and certifications: 15 marks

Applicants must obtain at least 60 marks out of 100 to qualify for shortlisting. Normally, the highest-ranked candidates may be called for a written test or interview according to the ratio determined by the Shortlisting Committee.

Written Test and Interview Areas

The recruitment assessment may cover:

MDB Financial Management Framework
Loan Disbursement Procedures
Withdrawal Applications
Statements of Expenditure
Financial Planning and Budgeting
PSDP Procedures
Government Financial Rules
IPSAS and public-sector accounting
Financial risk management
Advanced Microsoft Excel
Financial analysis
Leadership and decision-making

Deadline

Applications must be submitted within 15 days of the publication of the advertisement. Based on the advertisement date of 31 July 2026, complete applications should reach the designated office by:

Last Date to Apply: 14 August 2026

Applications received after the closing date or submitted without the required documents will not be considered.

How to Apply

Applicants must prepare a detailed and updated CV along with attested copies of the required supporting documents.

The application package should include:

Detailed Curriculum Vitae
Attested copies of educational degrees
Attested copies of academic certificates
Professional qualification certificates
Experience certificates
CNIC copy
Domicile certificate
Recent passport-size photographs
Documentary evidence supporting the nature and duration of professional experience
NOC, where applicable for government employees

Government, semi-government, and autonomous body employees must apply through the proper channel and provide a valid No Objection Certificate when required.

The complete application must be sent to:

Project Director
Project Implementation Unit PIU ML-1
Pakistan Railways
China Pakistan Economic Corridor Support Project
3 Mayo Gardens, Sunderdas Road
Lahore, Punjab, Pakistan

Contact Number: +92-42-99202372
Email for Official Inquiries: pdpiu@pakrail.gov.pk

Applicants may check recruitment notices through the Pakistan Railways Careers Page.

The advertisement requires a complete physical application to reach the Project Director’s office. Applicants should not treat the contact email as a substitute for submitting the required application package unless Pakistan Railways issues separate instructions.