The Ministry of Finance has released detailed terms of reference for the position of Commissioner of Reform, who will head the newly established Economic Reform Office. The commissioner will spearhead strategic initiatives focusing on economic, fiscal, and state-owned enterprise (SOE) reforms to strengthen the Maldives’ financial framework.
Key Responsibilities and Goals
The Commissioner of Reform will oversee a broad range of responsibilities, including developing and implementing national reform agendas, providing strategic counsel to the Finance Minister, and collaborating with national and international stakeholders. The role will also involve reforming fiscal policies to enhance public financial management, restructuring SOEs for greater efficiency and transparency, and addressing regulatory hurdles to foster a more business-friendly environment.
Additionally, the commissioner will manage the daily operations of the Reform Office, lead a multidisciplinary team, and prepare progress reports for the Finance Ministry. The individual will also ensure compliance with international fiscal standards and oversee debt management frameworks to reduce fiscal vulnerabilities.
Eligibility and Expectations
Candidates must hold at least a bachelor’s degree in accounting or finance, supported by professional training in development and management. They should have over 10 years of relevant experience, including leadership in complex organisational operations. The Ministry highlights the need for expertise in policy development, regulatory frameworks, and operational planning, with a focus on innovation and institutional effectiveness.
Employment Terms
The position will be a fixed-term, two-year contract, with salary negotiated upon selection. The commissioner will report directly to the Finance Minister and an advisor, while coordinating with government agencies, SOEs, and international development partners.
Reform Context
The Economic Reform Office has been established as part of the government’s broader strategy to address pressing economic challenges. These include managing high public debt, reforming subsidies and health insurance policies, and enhancing transparency in public spending. The Ministry’s move to hire a dedicated commissioner underscores the administration’s recognition of the need for specialised leadership to drive comprehensive reforms.
Applications for the position will be accepted until 1:00 pm on December 8, 2024. Candidates are required to submit a detailed CV, a cover letter, and references as part of the application process.
