Start date: November, 2021 – August 6, 2025
Background:
The purpose of the five-year (2020-2025) “State Accountability, Transparency and Effectiveness” (“State2State”) Activity is to increase the accountability, transparency and effectiveness of selected state and local governments (LGAs) in Nigeria. This will be achieved by: strengthening governance systems (with a focus on public financial management [PFM] and procurement, as well as monitoring and evaluation) related to the delivery of services in key sectors (basic education, primary health care, and water, sanitation and hygiene [WASH]); increasing government responsiveness to citizen needs and priorities; and improving government and civil society capacity to manage conflict (through work on prevention, mitigation and reconciliation with the same sectoral partners, not stand-alone assistance to the police or judiciary). State2State will achieve this purpose by facilitating the strengthening of subnational governance systems in a sustainable manner, supporting the efforts of local reformers and building on locally-derived solutions including, to the extent possible, reforms already working in other parts of Nigeria.
Position Objectives:
The Finance Specialist position will support the Senior Accounting Manager to manage the State2State finance/accounting activities and ensure strong financial management and performance of the project.
Responsibilities:
The Finance Specialist will:
- Support the Senior Accounting Manager and work closely across project teams on problems involving accounting systems and financial planning.
- Be responsible for providing the appropriate financial and operating information as necessary.
- Allocate project funds among the various program activities.
- S/he will support the Senior Accounting Manager in coordinating the annual and other financial audits—including preparation of supporting schedules and information—respond to auditor questions and consolidate report formats.
- Ensure that all transactions follow DAI/USAID standards, regulations and policies.
- Help establish and maintain adequate system controls to protect against financial misstatement, in accordance with applicable government accounting and administrative regulations.
- Record all financial transactions in Field Accounting System (FAS) on daily basis.
- Ensure accurate and timely processing of invoices, advances and reimbursements, checks, and wire transfer payments.
- Upload the expenses into Oracle based on DAI’s schedule.
- Perform monthly bank reconciliations and routinely monitors bank account balances.
- Ensure that payroll is recorded in the accounting system.
- Audit travel requests and expense reports for accuracy and compliance.
- Follow procedures to ensure accurate and timely payment and reconciliation of travel advances, reimbursements for staff and partner travel.
- Review and monitor outstanding advances report by paying close attention to advances that have not been settled after 30 days of issuance.
- Ensure that WHT is remitted as at when due as provided by tax law.
- Ensure that processed payment vouchers are printed and signed by responsible officers, merged with other support documents and uploaded on SharePoint on a monthly basis.
Perform other tasks as assigned.
Reporting:
The Finance Specialist will report to the Senior Accounting Manager.
Minimum Requirements:
- Bachelor’s degree in finance, business administration, public administration, economics, or other relevant field is required. An advanced degree is preferred.
- At least 7 years of experience in finance and accounting. Previous experience working on US Government funded projects highly preferred.
- Strong training, communications, and personnel management skills.
- Previous supervisory experience highly preferred.
- Strong oral and written communication skills.
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