Title: Bangladesh Digital Agriculture Activity - Accountant
Company Name: Development Alternatives Inc (DAI)
Job Location: Dhaka
Employment Status: Full-time
∎ Bachelor of Science (BSc), Bachelor of Business Administration (BBA), Bachelor of Commerce (BCom), Bachelor degree in any discipline, Bachelor of Business Studies (BBS)
∎ A university degree in finance, business management, public administration, or other relevant field;
∎ Skills Required: Accounting, English Language, Strong communication skills
∎ At least 3 year(s)
∎ The applicants should have experience in the following area(s): Accounting, agricultural sector, Donor Funded, Finance Management, Finance/ Accounts, Financial Reporting, USAID
∎ Project Background
∎ Digital Frontiers is a $74.4 million buy-in mechanism available to USAID Bureaus and Missions from 2017-2022. DAI implements the Digital Frontiers project, which works closely with USAID`s Global Development Lab (GDL), the Center for Digital Development (CDD), USAID Missions, the private sector, and international and local development organizations to identify successful and sustainable digital development approaches and scale their impact globally.
∎ As the U.S. Government`s global hunger and food security initiative, Feed the Future (FTF) works to give families and communities in some of the world`s poorest countries the freedom and opportunity to lift themselves out of food insecurity and malnutrition. By equipping people with the knowledge and tools they need to feed themselves, the program is addressing the root causes of poverty and hunger, helping people end their reliance on aid, and creating important opportunities for a new generation of young people-all while building a more stable world. Over the past eight years, over $300 million of US Government investment has been used to implement FTF activities within the program`s Zone of Influence (ZOI) and Zone of Resilience (ZOR) in Bangladesh, which have an estimated population of approximately 30 million people. However, the maximum number of beneficiaries reached over this period has been less than 3 million and the sustainability of these FTF interventions beyond the cessation of USAID funding is yet to be fully proven.
∎ USAID/Bangladesh, working with Digital Frontiers, therefore seeks to promote the efficient and effective use of digital tools and technologies to build the capacity of value chain actors (e.g. livestock service providers, market vendors, artificial inseminators, and feed dealers/distributors) under a market systems approach. These value chain actors should then be able to use the same tools to sustainably and effectively build the capacity of their clients/customers (smallholder farmers, pregnant/lactating women and vulnerable households) during and beyond the period of Activity implementation.
∎ To enable the interventions of FTF activities to reach more beneficiaries and to better ensure the sustainability of these interventions beyond the period of USAID-supported implementation, this Activity will pilot existing digital tools and scale up those that are proven to be effective to build the capacities of value chain actors. The Activity will also motivate these value chain actors to use digital tools to build the capacities of their clients and customers towards improving their agricultural productivity, resilience and household nutrition. Increased agricultural productivity will sustainably increase the competitiveness of value chain actors` agricultural products and services, and enhance domestic, regional and international trade, increasing the country`s foreign exchange potential and making it less vulnerable to malign influence. Finally, this Activity will also sustainably increase the number of clients and customers reached by FTF activities as these value chain actors will continue building the capacity of new and existing clients and customers during and beyond the period of USAID-supported implementation.
∎ This is anticipated to be a two-year Activity with the possibility of extension.
∎ Position Objectives
∎ The Bangladesh Accountant will oversee each step of the field project finance cycle for the Digital Frontiers Bangladesh office including estimating cash needs, requesting and processing weekly wire transfers from Bethesda, processing payments to goods and service providers, and recording financial transactions and preparing regular financial reports. S/he will ensure that all financial transactions are documented in compliance with DAI policies and procedures.
∎ S/he will be expected to liaise with operations and technical points of contact in the Digital Frontiers Bangladesh office and the Digital Frontiers team remotely based as well as home office staff in Bethesda/Washington.
∎ S/he will continually reinforce Digital Frontiers' agreed-upon core purpose and principles, and ensure all decision-making is rooted in the purpose and principles. S/he will contribute to a learning environment in which personal and team growth is supported, with a shared understanding that the "team" always comes before the "individual."
∎ The Accountant will be responsible for the following for the Digital Frontiers Bangladesh office:
∎ I. Day to day financial management:
∎ Ensure timely and proper accounting of all project transactions in Dynacom/Financial Accounting System (FAS), using the correct codes and expenditure types;
∎ Transactions may include but not be limited to staff advances, goods/service provider invoice payments, payroll, and statutory remittances.
∎ Ensure the project finance filing system including invoices, correspondence, backup procurement documentation, and client files are scanned on a monthly basis and organized according to DAI policies for easy reference during internal and external audits;
∎ Ensure that financial activities (i.e. payments for goods and services received) are carried out in compliance with DAI policies as well as local laws; and
∎ Proactively monitor all financial activities, as well as any technical issues with DAI financial reporting tools/systems, and flag challenges to the Digital Frontiers team for action.
∎ II. Regular financial reporting:
∎ Weekly wire requests for funds transferred from DAI/Washington to the Digital Frontiers Bangladesh bank account;
∎ Bi-weekly field finance expenditure reports generated from Dynacom/FAS and uploaded to Oracle;
∎ Monthly bank reconciliations;
∎ Monthly accruals and commitments report submitted to the Digital Frontiers Finance & Operations Director;
∎ Monthly scanning and storage of verified finance vouchers in project Sharepoint folder; and
∎ Statutory remittance reports submitted by designated deadlines.
∎ III. Bank relationship management:
∎ Serve as the primary point of contact with the designated bank, ensuring regular updates are received, exchange rates are favorable, and working relations are strong.
∎ IV. Coordination with other Digital Frontiers staff:
∎ Support Bangladesh team members to track actual activity expenses compared to projections;
∎ Participate in relevant cross-cutting project meetings such as those focused on office startup and closedown, sharing financial updates;
∎ Communicate regularly with DAI/Washington and remotely based Digital Frontiers staff with finance and operations responsibilities to exchange information relevant to day-to-day management as well as periodic internal/external audits as needed.
∎ Work Experience:
∎ A minimum of 3 years of work experience on donor-funded programs (USAID preferred), with progressive responsibility in financial management;
∎ Preference for experience supporting fast-paced donor-funded programs focused on agriculture, value chains, digital tools, food security, or similar technical areas.
∎ Attention to detail;
∎ Effective communication with colleagues and stakeholders located within Bangladesh as well as in other Digital Frontiers offices - a strong capacity for remote collaboration is required;
∎ Ability to balance competing priorities and information shared by colleagues, policy and procedure manuals, stakeholders, etc. and carry out well-informed financial management decisions;
∎ Professional fluency in English and Bengali.
∎ Person with disability are encouraged to apply
Compensation & Other Benefits:
Application Deadline: 21 Nov 2020
∎ 12 Nov 2020
∎ Development Alternatives Inc (DAI)
∎ Address : 7600 Wisconsin Ave, Bethesda, MD 20814
∎ Web : https://www.dai.com/
∎ Business :
DAI is an international development company. For more than 50 years, we have worked on the frontlines of international development, tackling fundamental social and economic development problems caused by inefficient markets, ineffective governance, and instability. Currently, DAI is delivering results that matter in some 80 countries. Our development solutions turn ideas into impact by bringing together fresh combinations of expertise and innovation across multiple disciplines. Our clients include international development agencies, international lending institutions, private corporations and philanthropies, and national governments.