Job Description
Title: Monitoring Officer, Finance, Skills Development Programme
Company Name: BRAC.
Vacancy: Not specific
Job Location: Cox's Bazar
Employment Status: Contractual
Educational Requirements:
∎ Bachelor's degree in Finance or Accounting, demonstrating a strong foundation in financial principles and practices.
Experience Requirements:
∎ At least 2 year(s)
∎ The applicants should have experience in the following area(s):
Accounting, Auditing, Financial Monitoring, Taxation, VAT Compliance
Job Responsibilities:
∎ Perform the following financial monitoring responsibilities related to the financial recording, documentation, and compliance by BRAC’s field offices under this project:
∎ Plan and conduct regular financial monitoring visits to BRAC offices of the project.
∎ Examine all financial records - including vouchers, ledgers, and supporting documents - for accuracy.
∎ Check Tax and VAT are correctly deducted at source, especially for the vendor payments.
∎ Ensure that all transactions are recorded to the appropriate account codes and proper audit trails are maintained.
∎ Provide support to BRAC Finance and Accounts department’s relevant field operations staff to ensure that financial documentation complies with donor standards and BRAC's internal policies.
∎ Perform the following financial monitoring responsibilities related to the financial documentation, management, and compliance by the partner NGOs of BRAC under this project:
∎ Plan and conduct periodic financial monitoring visits to partner NGOs in accordance with the project monitoring framework.
∎ Check cashbooks, ledgers, and accounting records of partner NGOs for accuracy and completeness.
∎ Check Tax and VAT are correctly deducted at source from staff salaries and vendor payments by partner NGOs.
∎ Conduct physical verification of fixed assets and inventory at partner NGOs.
∎ Review the procurement policies/processes of partner NGOs and assess compliance with procurement policies, the accuracy of fixed asset registers, and stock registers at partner NGOs to ensure they follow established policies.
∎ Verify financial reports, bank reconciliations, fund reconciliations, and supporting documents from partner NGOs for accuracy, completeness, and adherence to standards.
∎ Review recruitment files, leave records, and other HR documents of partner NGO staff to ensure policies are being followed.
∎ Provide recommendations for enhancing financial monitoring processes based on monitoring findings and best practices.
∎ Provide technical support to partner NGOs’ relevant staff to ensure that financial documentation and management comply with donor standards and BRAC's internal policies.
∎ Evaluate financial monitoring findings and prepare reports highlighting issues, risks, and recommendations for improvement.
∎ Submit and present findings to the project management monthly.
∎ Follow up with the focal points at BRAC and partner NGOs on the implementation of actions recommended in financial monitoring reports and by the project management team.
∎ Update financial monitoring tools and practices to align with current financial standards.
∎ Practice, promote, and apply the safeguarding policy among team members, ensuring the implementation of safeguarding standards in all actions.
Additional Requirements:
∎ Age at least 18 years
∎ Minimum of two years of practical work experience in a related field, such as Financial Monitoring, Auditing, Accounting, Finance, Budgeting, Taxation, or VAT compliance, showing hands-on expertise and familiarity with financial operations and regulations.
Compensation & Other Benefits:
∎ Festival Bonus, Health & Life Insurance and others as per organisation policy
Job Source: Bdjobs.com Online Job Posting.
Application Deadline: 30 Dec 2023
Company Information:
∎ 20 Dec 2023
∎ BRAC.
∎ Address : BRAC
75 Mohakhali, Dhaka-1212, Bangladesh
∎ Business : brac is an international development organisation founded in Bangladesh that partners with over 100 million people living with inequality and poverty globally to create sustainable opportunities to realise potential.
Working at brac is not like any other job. It is a platform where you can bring about real change for people who need it the most. We are not just dreaming of a better world, we are building it. Join us to find the way.
Category: NGO/Development
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