Fund Manager (Gratuity, Severance and 13th Month Bonus) at PACT

Background

• Pact, established in 1971, is an international non-governmental organization with headquarters in Washington DC, USA and has been working in Nigeria since 2005 to strengthens local capacity, forge effective governance systems and transforms markets into a force for development. Pact has presence in 29 countries around the world working in Health, Livelihoods, Governance, and Access to Markets, Capacity Development and Natural Resource Management.
• In Nigeria (where it is registered as Pact West Africa), Pact has worked to build the organizational capacity of institutions; including civil society and community based organizations to improve maternal, newborn and child health; address the needs of Orphaned and Vulnerable Children (OVC), mitigate the spread of people living with HIV/AIDS, and artisanal miners in over 20 states across all the six geo political zones. Pact has also worked with more than 30 local organizations, community groups, and government agencies who now demonstrate measurable improved performance following Pact’s capacity development approach.
• Currently, Pact is working with Bill and Melinda Gates Foundation (BMGF) in Gombe state in North East Nigeria to support the strengthening of government health systems, also as a partner on the United State Agency for International Development’s (USAID) Coordinating Comprehensive Care for Children Project, Pact West Africa trained over 32,000 state and local health officials, and provided technical support to LGAs to improve budgeting and advocacy abilities, as well as create links between government agencies and civil society organizations and the private sector, Pact West Africa helps communities gain lasting benefits from natural resources by using them more sustainably. We have a Direct Aid Program (DAP) funded by the Australian Embassy, Pact West Africa introduced safer methods for artisanal surface miners by increasing awareness of mercury and related health concerns in the mining population and providing solutions for the mining community to alleviate mercury poisoning in Zamfara State.

Objectives Fund Management

• The objective of engaging a fund manager is to actively manager Pact’s monthly accrued severance, gratuity, and 13th month bonus by ensuring proper accountability of funds in terms financial Management. Also, the fund manager is expected to ensure timeliness and accuracy in the remittance of staff entitlement as directed.

Scope of the Fund Management
The fund management would be carried out in line with Pacts’ Organizations policies and procedures and agreed terms and conditions. The scope of the fund management includes the following:

• Cover the period 1st October 2018 to 30th June 2019.
• Maintain a proper record of all monthly remittance of Pact severance, gratuity and 13th month bonus.
• The fund manager is expected to keep appropriate supporting documents and books of account relating to all pacts remittance and produce a quarterly report to the management.

Duration of Assignment

• The fund manager is expected to manage staff entitlements for the period of 9 months subject to renewal.

Deliverables:

• The fund manager is expected to send monthly statement to staff through emails and sms.
• The fund manager is expected to produce quarterly management report of all remittance.
• The fund manager should also ensure timely payoff to staff based on advise from Pact

Eligibility Criteria

• Evidence of Valid Practicing License issued by the relevant professional body.
• Evidence of registration with the Corporate Affairs Commission.
• The Firms Profile, including professional qualifications of key staff, experience with respect to similar previous management of organizations funds.
• Audited accounts of the firm for the last three years, i.e, 2015, 2016 and 2017
• Evidence of valid tax clearance certificates for the year 2017
• Demonstrable experience in the management of an International Non-Governmental Organization (INGO) fund.

Fund Manager Fee

• The fund Manager fee would be fixed through a competitive bidding process.