Finance Officer
Job Description
Title: Finance Officer
Company Name: LAMB
Vacancy: 1
Age: at least 45 years
Location: Dinajpur
Minimum Salary: Tk. 35000 (Monthly)
Experience:
∎ At least 3 years
∎ The applicants should have experience in the following business area(s):NGO
Published: 13 Mar 2025
Education:
∎ Bachelor of Business Administration (BBA) in Accounting
∎ B.Com pass but BBA in Accounting/Management from a recognized university will be given preference.
Requirements:
Additional Requirements:
∎ Age at least 45 years
∎ Candidates should have a minimum of 3 years of experience in the field of accounting or finance.
∎ Proficiency in accounting software.
∎ A valid motorcycle driving license is required.
Responsibilities & Context:
∎ Work with project teams to develop work plans for projects.
∎ Monitor budget and financial plan implementation and prepare appropriate periodic tracking reports for the various stakeholders.
∎ Analyze trends to identify issues that of projects and advise to project management accordingly.
∎ Prepare reports to analyze actual income and expenses and advises to project management on the variances observed, if any.
∎ Ensure day-to-day financial transactions including invoicing, payments and other related transactions.
∎ Maintain an up-to-date record of the financial transactions in LAMB’s Financial Management System.
∎ Accurately post all financial transactions in the financial management system in accordance with agreed directorate procedures and financial standards on a daily basis.
∎ Maintain an updated cash book, ledger as required for project.
∎ Process payment requisitions and the corresponding payment vouchers and follow up the approval process to ensure that payment are timely made.
∎ Ensure that the payment Voucher are sequentially number and payments are filled timely to allow ease access of records for future reference.
∎ File all financial records in accordance with approved procedures.
∎ Post the approved budget into the financial management system with one week after approval of the budget.
∎ Prepare monthly donor reports in the approved donor templates and formats following deadlines.
∎ Maintain a fixed asset register for all assets procured by the project as LAMB approved format.
∎ Work with procurement officer to ensure that all assets are engraved as per the donor/LAMB guidelines before handing them over to final user.
∎ Make monthly salary transfer from the project account to the salary account are prepared promptly and any changes in staff are taken care of during the monthly transfers.
∎ Monitor bank accounts to ensure that there are sufficient funds for operations.
∎ Conduct monthly bank reconciliation statements by the 5th of the following month and ensure that interbank transactions are promptly settled within that month.
∎ Make timely payment of service providers and follow up any late payments.
∎ Follow up original acknowledgment receipts and ensure that there are attached to respectively payment vouchers.
∎ Prepare timely receipts of acknowledgements of donor funds and share the same with supervisor for remittance to the donor.
∎ Maintain a file for all the correspondences of the grant.
∎ Follow and implement all established protocols regarding computerized and physical financial record keeping and retrieval of financial information.
∎ Ensure that all appropriate finance-related paperwork is sent to donors, contractors, consultants, funding partners as required and that LAMB copies are stored safely on file in accordance with LAMB’s procedures.
∎ Follow up to ensure that staff and partners with cash advances submit accurate and timely accountability reports in accordance with LAMB’s guidelines.
∎ Prepare financial journals and submit them to the Finance coordinator/ Finance Manager for review and signature.
∎ Job Summary: The Finance Officer will be responsible for overseeing finance and accounting processes, focusing on project management, financial transaction processing, and ensuring accurate record-keeping. The role includes maintaining accurate books of account and preparing timely financial reports for various stakeholders, including internal clients, partners, donors, auditors, and regulatory authorities. The Finance Officer will ensure compliance with approved accounting standards and LAMB’s policies and procedures.
∎ Financial planning and budgeting:
∎ Work with project teams to develop work plans for projects.
∎ Monitor budget and financial plan implementation and prepare appropriate periodic tracking reports for the various stakeholders.
∎ Analyze trends to identify issues that of projects and advise to project management accordingly.
∎ Prepare reports to analyze actual income and expenses and advises to project management on the variances observed, if any.
∎ Financial accounting and management:
∎ Ensure day-to-day financial transactions including invoicing, payments and other related transactions.
∎ Maintain an up-to-date record of the financial transactions in LAMB’s Financial Management System.
∎ Accurately post all financial transactions in the financial management system in accordance with agreed directorate procedures and financial standards on a daily basis.
∎ Maintain an updated cash book, ledger as required for project.
∎ Process payment requisitions and the corresponding payment vouchers and follow up the approval process to ensure that payment are timely made.
∎ Ensure that the payment Voucher are sequentially number and payments are filled timely to allow ease access of records for future reference.
∎ File all financial records in accordance with approved procedures.
∎ Post the approved budget into the financial management system with one week after approval of the budget.
∎ Prepare monthly donor reports in the approved donor templates and formats following deadlines.
∎ Maintain a fixed asset register for all assets procured by the project as LAMB approved format.
∎ Work with procurement officer to ensure that all assets are engraved as per the donor/LAMB guidelines before handing them over to final user.
∎ Make monthly salary transfer from the project account to the salary account are prepared promptly and any changes in staff are taken care of during the monthly transfers.
∎ Payments and Reconciliations:
∎ Monitor bank accounts to ensure that there are sufficient funds for operations.
∎ Conduct monthly bank reconciliation statements by the 5th of the following month and ensure that interbank transactions are promptly settled within that month.
∎ Make timely payment of service providers and follow up any late payments.
∎ Follow up original acknowledgment receipts and ensure that there are attached to respectively payment vouchers.
∎ Prepare timely receipts of acknowledgements of donor funds and share the same with supervisor for remittance to the donor.
∎ Financial Records Management:
∎ Maintain a file for all the correspondences of the grant.
∎ Follow and implement all established protocols regarding computerized and physical financial record keeping and retrieval of financial information.
∎ Ensure that all appropriate finance-related paperwork is sent to donors, contractors, consultants, funding partners as required and that LAMB copies are stored safely on file in accordance with LAMB’s procedures.
∎ Follow up to ensure that staff and partners with cash advances submit accurate and timely accountability reports in accordance with LAMB’s guidelines.
∎ Prepare financial journals and submit them to the Finance coordinator/ Finance Manager for review and signature.
Compensation & Other Benefits:
∎ Salary: Around Tk. 35,000 per month gross. Other benefits include provident fund, festival allowance once per year, and critical illness and death benefit.
Employment Status: Full Time
Job Location: Dinajpur
Apply Procedure:
Hard Copy:
∎ Qualified candidates are requested to apply with a cover letter along with an updated CV (mentioning two references name), all educational & experience certificates, NID and recent passport size photograph to the HR Department, LAMB, P.O. Parbatipur, Dinajpur-5250, Bangladesh; alternatively, email to [email protected]; Please mention the position name on top of the envelope or with the subject line of the email.
Company Information:
∎ LAMB
∎ Rajabashor Parbatipur Dinajpur 5250
∎ LAMB is a well-run major mission Hospital, Community Health Development, Training and Research organization. Services cover more than 6.3 million people in North West Bangladesh.
Address::
∎ Rajabashor Parbatipur Dinajpur 5250
∎ LAMB is a well-run major mission Hospital, Community Health Development, Training and Research organization. Services cover more than 6.3 million people in North West Bangladesh.
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Application Deadline: 22 Mar 2025
Category: NGO/Development
