Retainer Service For Partner's Financial Monitoring
Job Description
Title: Retainer Service For Partner's Financial Monitoring
Company Name: WaterAid Bangladesh
Vacancy: Not specific
Job Location: Anywhere in Bangladesh
Employment Status: Contractual
Educational Requirements:
∎ MBA/M.Com. major in Finance/Accounting with CA (CC)
Experience Requirements:
∎ 2 to 3 year(s)
Job Context:
∎ UNIT/DEPARTMENT : Finance
∎ TITLE OF THE ASSIGNMENT : Partner Monitoring - Finance
∎ NATURE OF THE ASSIGNMENT : Service Contract as `Retainer` (this is purelys a retainership, NOT any Employment as staff)
∎ REPORTS TO : Finance Manager
∎ DURATION OF ENGAGEMENT : 01 (one) year (renewable, depending on performance)
∎ MODE OF PAYMENT: Based on number of assignment/ deliverables in a month
∎ OTHER ENTITLEMENT : Perdiem, accommodation as per policy and travel at actual, office will provide laptop
∎ Summary of Assignment: The Partner Monitoring - Finance is mainly responsible for financial monitoring of WaterAid funded projects of partner NGO to provide risk assurance on compliances to the senior management to protect WaterAid`s assets and reputation. She/he will review partners` internal control, finance reports, books of accounts, transaction and payment documents, budget vs. actual report, partnership management of WaterAid Bangladesh. S/he will be responsible to prepare visit report and do follow up on agreed action plan on previous visits.
Job Responsibilities:
∎ Validate actual expenditure with the books of accounts of Partner NGOs
∎ Review control environment of partner NGOs
∎ Review payment documents of partner such as requisition, quotations, comparative statements, value for money, bill/invoice, payment authorization etc.
∎ Assess on agreed processes are followed by partner NGO as per WAB financial guidelines for partner/partner's own policy/Government policy and procedure
∎ Verify/confirm with vendor/beneficiary as and when necessary
∎ Follow up and review agreed action of last visit
∎ Share draft findings with partners.
∎ Review partner response to the draft finding
∎ Prepare and submit the final report to partner
Additional Requirements:
∎ Scope of finance review:
∎ Books of accounts and documentation
∎ Monthly financial expenditure reports
∎ Budget variance report
∎ Payment documents
∎ Bank statements and bank reconciliation
∎ Purchase and payment process including emergency procurement guideline
∎ Financial Management Guideline for Partner NGO
∎ Cross-check with vendor/beneficiaries
∎ Follow up of the last review
∎ Requisite qualification and competencies:
∎ 2-3 years' experience in I/NGO audit/finance monitoring
∎ Experience to work in International NGO will be preferred
∎ Excellent report writing skill with knowledge of MS Word
∎ Facilitation and communication skills
∎ Self-driven and be ready to undertake extensive field visit
∎ Possess personal integrity, flexible attitude, sense of transparency, proactive stance and respect for gender and organizational culture.
Job Source: Bdjobs.com Online Job Posting.
Application Deadline: 9 Aug 2021
Company Information:
∎ 2 Aug 2021
∎ WaterAid Bangladesh
Category: Accounting/Finance
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