Job Description

Title: Accounts and Finance Officer

Company Name: Young Power in Social Action (YPSA)

Vacancy: 1

Age: at most 45 years

Location: Anywhere in Bangladesh

Experience:
∎ At least 4 years

Published: 25 Nov 2024

Education:
∎ The ideal candidate should possess a minimum of a four-year undergraduate degree/ BCom. (pass) with master degree in Accounting or Finance from a UGC-approved university. (Third class or similar grade in any level of academic career is not acceptable.)
∎ The ideal candidate should possess a minimum of a four-year undergraduate degree/ BCom. (pass) with master degree in Accounting or Finance from a UGC-approved university. (Third class or similar grade in any level of academic career is not acceptable.)

Requirements:

Additional Requirements:
∎ Age at most 45 years
∎ Experience
∎ The candidate should have a minimum of four (4) years of work experience in financial management within a reputable organization, preferably within development organizations in Bangladesh. (Only full-time work experience after graduation will be considered).
∎ Relevant working experience with PKSF or any project funded by multi-lateral development partners would be preferred.
∎ Good computer knowledge (MS office suite, typing both English and Bangla).
∎ Age Limit
∎ Maximum 45 years of age on the last date of application.
∎ Experience
∎ The candidate should have a minimum of four (4) years of work experience in financial management within a reputable organization, preferably within development organizations in Bangladesh. (Only full-time work experience after graduation will be considered).
∎ Relevant working experience with PKSF or any project funded by multi-lateral development partners would be preferred.
∎ Good computer knowledge (MS office suite, typing both English and Bangla).
∎ Age Limit
∎ Maximum 45 years of age on the last date of application.

Responsibilities & Context:
∎ The ‘Accounts and Finance Officer’ will work under the direct supervision of the Project Manager and will undertake the tasks and duties to assist implementation of the sub-project. The specific tasks are, but not limited to, as follows:
∎ Maintaining Accounts
∎ Maintain sub-project accounts in accordance with International Accounting Standard (IAS), on a ‘going concern’ basis under Generally Accepted Accounting Principles;
∎ Maintain separate books of account on an accrual basis under historical cost convention;
∎ Prepare monthly/annual financial statements incorporating disclosure on income and expenditure, receipt and payment, and financial position of the sub-project along with other notes and relevant information;
∎ Fund Management
∎ Monitor the flow of funds from the PKSF to sub-project and sub-project to microenterprise to ensure that appropriate procedures are followed;
∎ To ensure a smooth flow of funds from the sub-project to Microenterprise level for sub-project implementation;
∎ Ensure that adequate internal control and arrangement are in place for proper utilization, management, and accounting of funds;
∎ Budget and Financial Reporting
∎ Prepare yearly/half-yearly detailed sub-project budget in line with the procurement plan and other relevant work plans;
∎ Prepare the budget of a new cost proposal, training, and other sub-project activities;
∎ Ensure that shared cost amounts are budgeted for each proposal of the sub-project;
∎ Prepare monthly financial report and half-yearly reimbursement bill for the sub-project;
∎ Sub-project Monitoring
∎ Ensure strong monitoring system of the sub-project through frequent field visits;
∎ Review external and internal audit report along with management letter of the sub-projects;
∎ Administration and Procurement
∎ Ensure that the project procurement rules are complied with the sub-project procurement;
∎ Prepare and regularly update the procurement plan(s);
∎ Manage logistics and procurements;
∎ Verifying current inventory levels and keeping records to prevent inventory gaps;
∎ Overseeing the day-to-day administrative tasks.
∎ Others Responsibilities
∎ Maintain the sub-project bank account and prepare monthly bank Reconciliation Statements;
∎ Maintain liaison and coordinate with SMART-PMU of PKSF regarding accounts and budget;
∎ Support internal audit section for internal audit and support external auditors with necessary information of the sub-project;
∎ Any other tasks, duties, or specific tasks assigned by the Project Manager and management of the Young Power in Social Action (YPSA).
∎ Young Power in Social Action (YPSA) is an organization for sustainable development working in the greater Chattogram division including Chattogram Hill Tracts (CHT) since 1985 (International Youth Year). YPSA has been implementing a sub-project titled, “Adopting technologies and practices for resilient green growth in Fisheries sub-sector”, as a part of the ‘Sustainable Microenterprise and Resilient Transformation (SMART)’ project. This sub-project aims to increase resource-efficient and resilient green growth of microenterprises (MEs) under Pisciculture sub-sector. The project is jointly financed by the World Bank, Palli Karma-Sahayak Foundation (PKSF), and Young Power in Social Action (YPSA).
∎ Sub-project Objectives
∎ To adopt resource efficient, cleaner production and good aquaculture practices
∎ To adopt climate resilient technologies for reducing vulnerabilities
∎ To increase technical knowledge and capacity of the MEs
∎ To increase fish production and produce diversified fish product
∎ To facilitate high-value market accessibility
∎ Duration: The employee will initially be hired for a one-year term, with the possibility of extending the contract till 30 June 2028, based on satisfactory performance.
∎ No. of Vacancy: 01
∎ Duties and Responsibilities:
∎ The ‘Accounts and Finance Officer’ will work under the direct supervision of the Project Manager and will undertake the tasks and duties to assist implementation of the sub-project. The specific tasks are, but not limited to, as follows:
∎ Maintaining Accounts
∎ Maintain sub-project accounts in accordance with International Accounting Standard (IAS), on a ‘going concern’ basis under Generally Accepted Accounting Principles;
∎ Maintain separate books of account on an accrual basis under historical cost convention;
∎ Prepare monthly/annual financial statements incorporating disclosure on income and expenditure, receipt and payment, and financial position of the sub-project along with other notes and relevant information;
∎ Fund Management
∎ Monitor the flow of funds from the PKSF to sub-project and sub-project to microenterprise to ensure that appropriate procedures are followed;
∎ To ensure a smooth flow of funds from the sub-project to Microenterprise level for sub-project implementation;
∎ Ensure that adequate internal control and arrangement are in place for proper utilization, management, and accounting of funds;
∎ Budget and Financial Reporting
∎ Prepare yearly/half-yearly detailed sub-project budget in line with the procurement plan and other relevant work plans;
∎ Prepare the budget of a new cost proposal, training, and other sub-project activities;
∎ Ensure that shared cost amounts are budgeted for each proposal of the sub-project;
∎ Prepare monthly financial report and half-yearly reimbursement bill for the sub-project;
∎ Sub-project Monitoring
∎ Ensure strong monitoring system of the sub-project through frequent field visits;
∎ Review external and internal audit report along with management letter of the sub-projects;
∎ Administration and Procurement
∎ Ensure that the project procurement rules are complied with the sub-project procurement;
∎ Prepare and regularly update the procurement plan(s);
∎ Manage logistics and procurements;
∎ Verifying current inventory levels and keeping records to prevent inventory gaps;
∎ Overseeing the day-to-day administrative tasks.
∎ Others Responsibilities
∎ Maintain the sub-project bank account and prepare monthly bank Reconciliation Statements;
∎ Maintain liaison and coordinate with SMART-PMU of PKSF regarding accounts and budget;
∎ Support internal audit section for internal audit and support external auditors with necessary information of the sub-project;
∎ Any other tasks, duties, or specific tasks assigned by the Project Manager and management of the Young Power in Social Action (YPSA).

Compensation & Other Benefits:
∎ Salary and Allowances
∎ Monthly consolidated salary is BDT 50,000/-
∎ Other admissible benefits (Festival Bonus, Bangla Noboborsho allowance, Mobile allowance, etc.) as per the organization’s policy.
∎ Salary and other admissible benefits (if any) are inclusive of all taxes as imposed by the government of Bangladesh. Taxes will be deducted at sources as per government rules.

Employment Status: Full Time

Job Location: Anywhere in Bangladesh

Read Before Apply:

If you are interested and competent for this position and have the required qualifications and experience, apply through bdjobs Apply Online on or before 03/12/2024.

YPSA is an equal opportunity employer and is sensitive to child protection and gender. Only the short-listed candidates will be contacted. Any persuasion or lobby will be treated as a disqualification for an applicant. Smokers are discouraged from applying for the position. Women are actively encouraged to apply.

YPSA HUMAN RESOURCE MANAGEMENT AND DEVELOPMENT DEPARTMENT

Note: Emergency 02334470996 (Office time)

Company Information:
∎ Young Power in Social Action (YPSA)
∎ House # F 10 (P), Road # 13, Block # B Chandgaon R/A, Chittagong - 4212
∎ Young Power in Social Action (YPSA), an organization in Special Consultative Status with the United Nations Economic and Social Council (UN-ECOSOC) since 2013, is a voluntary non-profit organization for sustainable development registered with the different departments of the People`s Republic of Bangladesh including NGO Affairs Bureau contributing to national goals for making a difference in the lives of the population since its establishment in 1985. YPSA, a fleet of professional staff specializes in the six thematic areas of Health; Education; Human rights and Governance; Economic Empowerment; Environment and Climate change; and Disaster Risk Reduction and Humanitarian Response. At present YPSA`s direct program interventions reach the Greater Chittagong Division including Chittagong Hill Tracts and part of the Dhaka and Sylhet division.

Address::
∎ House # F 10 (P), Road # 13, Block # B Chandgaon R/A, Chittagong - 4212
∎ Young Power in Social Action (YPSA), an organization in Special Consultative Status with the United Nations Economic and Social Council (UN-ECOSOC) since 2013, is a voluntary non-profit organization for sustainable development registered with the different departments of the People`s Republic of Bangladesh including NGO Affairs Bureau contributing to national goals for making a difference in the lives of the population since its establishment in 1985. YPSA, a fleet of professional staff specializes in the six thematic areas of Health; Education; Human rights and Governance; Economic Empowerment; Environment and Climate change; and Disaster Risk Reduction and Humanitarian Response. At present YPSA`s direct program interventions reach the Greater Chittagong Division including Chittagong Hill Tracts and part of the Dhaka and Sylhet division.

Application Deadline: 3 Dec 2024

Category: NGO/Development