Project Budget and Compliance Specialist
This position of Project Budget and Compliance Specialist will:
- Monitor funding trends and manage capacity for the functional area to ensure compliance and delivery of financial services to the projects.
- Monitor all financial aspects according to the agreement, IFRS, and donor guidelines, including preparation of proposal budgets, setup of projects in OCS, preparation and submission of all invoices, financial reports to donors, timely corrections to the general ledger, and maintenance of agreement master files.
- Work with the project team to ensure that all donor-related information is disseminated to the project and complies with donor rules and regulations.
- Maintain appropriate relations with donors and make reports as necessary, ensuring compliance with any terms or conditions of agreements.
- Monitor compliance in the projects, including project audit reports and general financial and contracts issues related to projects.
- Develop policies and procedures related to project accounting and financial management, as well as grants and contracts management.
- Monitor Portfolio Health: Recovery of Indirect Costs (OH, Chargebacks, Personnel), Potential Risks (Exchange Rate adjustments, Budget Variances/Revisions, Audits tracks).
- Prepare and submit timely and accurate donor reports (W1 & W2, W3, and Bilateral Funding), requesting the necessary invoices. Stay current with donor regulations and the award requirements in the CIP compliance matrix to ensure accurate and timely reports.
- Maintain all applicable project records and files according to internal controls, demonstrating compliance with donor requirements.
- Prepare and submit timely and accurate portfolio reports (Compliance, Health).
- Comply with applicable health and safety CIP policies and procedures.
Requirements
- Bachelor's degree (with thesis completed) in Business Administration, Financial Management, Operations, or related field.
- At least 6 years of professional experience in the accounting/finance/administrative area.
- Knowledge of international development funding (Desirable).
- Aptitude for understanding complex regulations and monitoring financial transactions and documentation for compliance.
- Strong knowledge of Bill and Melinda Gates Foundation (BMGF) guidelines and project implementation.
- Strong knowledge of USAID projects, FAR and ADS rules and regulations, and OMB Circulars.
- Experience with accounting software packages (ERP preferred).
- Fluent in the official language of the country location.
- Advanced written and oral communication skills in English.