Strategic Objective
To support the Federal Government of Somalia by collecting, recording, managing and reconciling of domestic arrears and external debt; and preparations and readiness for re-engagement with the international financial institutions (IFIs) through the processes of IFI arrears clearance, re-accessing IFI financing, and HIPC debt relief. 

The tasks of DMU staff involve two interconnected functions: 

• The policy/analytical/planning function for issues relating to arrears clearance and debt relief (‘front and middle office’) 
• The recording/monitoring/reporting of existing loans and reconstruction of Somalia’s external database (‘back office’)

The tasks of the Head of DMU include, but are not limited to the following: 

• Head of Debt Management Unit;
• Coordinate and manage activities of debt section, while working closely with the aid coordinator;
• Maintaining well-informed and coordinated relations with Somalia’s creditors, development partners, and International Financial Institutions (IFIs) on issues related to Somalia’s external debt position, arrears clearance and debt relief;
• Manage CS-DRMS database of debt flows and stocks;
• Assist the Back Office in the Management of the CS-DRMS as needed;
• Coordinate and manage activities of debt section; 
• Coordinate debt issues within the relevant departments of the MoF, with MoP, CBS and, as needed, other ministries and government offices; 
• Lead analytical work and negotiations/discussions on loans and issues relating to arrears clearance and debt relief;
• Issue and ensure timely circulation of debt reports to Minister of Finance, IFIs and other stakeholders on debt situation in prescribed format, in context of HIPC;

The tasks of the Front-Office function include, but are not limited to the following: 

• Assist the Head of Debt Management Unit;
• Assist in coordinating and managing activities of debt section, while working closely with the aid coordinator;
• Assist in Maintaining well-informed and coordinated relations with Somalia’s creditors, development partners, and International Financial Institutions (IFIs) on issues related to Somalia’s external debt position, arrears clearance and debt relief;
• Assist in coordinating and manage activities of debt section; 
• Assist in coordinating debt issues within the relevant departments of the MoF, with MoP, CBS and, as needed, other ministries and government offices; 
• Assist in analytical work and negotiations/discussions on loans and issues relating to arrears clearance and debt relief;
• Assist in issuing and ensure timely circulation of debt reports to Minister of Finance, IFIs and other stakeholders on debt situation in prescribed format, in context of HIPC;

The tasks of the Back-Office function include, but are not limited to the following: 

Manage CS-DRMS database of debt flows and stocks;

• Help prepare for loan planning and negotiations;
• Prepare debt data for debt reports;
• Interpret and record loan agreements into CS-DRMS, and monitor disbursements,
• Ensuring timeliness in coordination with Front Office and Aid Coordination in MoP;
• Project debt service obligations for Budget;
• Prepare timely and accurate debt service payments for SFMIS;
• Assist Front Office in the preparation of debt reports as required for Ministry, IFI, other stakeholders
• Validate debt data regularly and update CS-DRMS database;
• Reconcile debt transactions with creditors and other government departments;
• Maintain inventory of loan/grant agreements (in coordination with Aid Coordination in MoP)
• Undertake any other duties that may be assigned by the Debt Manager;