Finance Officer 67 views1 application

Background

The Entrepreneurship Development Centre (EDC) – Ethiopia is looking for competent to fill the vacant position of Finance officer. EDC is a Quasi- government institution established by the ministry of Urban Development and Housing and the Federal Micro and Small Enterprises Development Agency (FeMSEDA), in partnership with the United Nation Development Programme (UNDP) Ethiopia, in February 2013. The program aims to foster the emergence of a robust and competitive private sector with focus on micro and small scale enterprises. EDC has its headquarters in Addis Ababa and regional Coordination offices in Oromia (Bishoftu), Amhara (Bahir

Dar), SNNPRS (Hawassa), and Tigray (Mekelle).

Description of Responsibility

• Prepare and update the project financial procedures manual that will ensure compliance with accounting policies and practices as stipulated in the implementation manual of UN Assisted programs for project implementation and financial management regulations /procedures agreed for the project;
• Establish and maintain an integrated accounting system for all approved project activities to ensure smooth flow and constant availability of financial resources to the project and utilizing standard accounting procedures, which will ensure full documentation and recording of sources and uses of funds;
• Prepare annual work plans and budget in consultation with the CEO;
• Regularly update the CEO on fund/budget utilization for management decision making purposes.
• Prepare, analyze and consolidate reports from Regions in accordance with agreed reporting schedules ensuring correlation between implementation progress and financial performance;
• Prepare project financial reports and funds request application for the replenishment of Designated Account, for submission to FEMSEDA;
• Maintain all accounting records and relevant books of account in line with approved accounting standard and government regulations;
• Ensure prompt release of funds, once approved for project activities ; Ensure that all accounting records are updated regularly;
• Ensure invoices submitted for payment are promptly attended to and processed; Prepare monthly bank reconciliations of all project accounts;
• Issue receipts, prepare payment vouchers and maintain cash records in accordance with accounting procedures;
• Manage the petty cash float and maintain petty cash book, ensuring that petty cash disbursements are appropriately and adequately documented;
• Liaise with external auditors and follow up on audit queries and recommendations in management letters;
• Prepare periodic reports (monthly, quarterly and annually) in the formats approved by EDC;
• Any other duties assigned by the CEO and other tasks as the job role may demand from time to time

Management and Leadership

• Builds strong relationships with clients, focuses on impact and result for the client and responds positively to feedback.
• Consistently approaches work with energy and positive , constructive attitude Demonstrates good oral and written communication skills.
• Demonstrate openness to change and ability to manage complexities

Management Arrangment

• Under the direct supervision of reporting to the CEO, the incumbent will work closely with the program managers and other authorized EDC personnel.
• The Finance officer supervise other finance staff

Education Qualification

• B.A Degree in Accounting, Business Administration or Finance;
• A very good knowledge of Microsoft Office applications, particularly word and Excel, and good presentation skills and use of computerized accounting system.

Experience

• Minimum of 6 years of experience in a complex environment and donor funded project accounting
• Knowledge of international financial reporting standard and international standard of auditing. Experience in interpreting financial management reports, analyzing variations to plans and determining remedial actions required;
• Knowledge of public sector accounting procedures and operational knowledge international and country financial and accounting management practices, including MIS applications;
• Ability to advise and disseminate financial management knowledge, supervisory skills and capacity to be a member of a multidisciplinary team to provide advice and recommend actions;
• Experience and familiarity with UN Agencies program implementation and reporting requirements,
• disbursement procedures, submission of withdrawal applications and the maintenance of Designated Accounts,
• Excellent technical and conceptual knowledge about financial management and masterful grasp of financial principles and practices.
• Strong interpersonal and human relation skills. Audit experience would be an advantage;

Language

• Good command of written and oral English and Amharic languages