Summary
Date Posted: Friday, July 15, 2022 , Base Salary: Not Disclosed

JOB DETAILS:

Job Purpose:
The Grants Accountant main area of responsibility relates to the financial oversight of funds disbursed to companies contracted by ENTERPRISE Zambia. In addition, the role supports the internal project accounting function.
The Grants Accountant ensures appropriate checks and balances in accounting, reporting and disbursement of funds. S/He will provide financial management by ensuring accurate and timely recording of financial data, processing of transactions and monitoring company expenditure. This will also include assessing eligibility of costs against contracts and donor guidelines and preparing financial reports.
S/He will maintain high standard of accounting and financial control to ensure compliance with EU regulations and SHA financial policies. The Grant Accountant will work closely with grant-aided companies ensuring they prepare quality financial reports and help with the required reconciliations. The Grant Accountant will be main finance contact person for the companies.
The Grant Accountant will also ensure that companies comply to all financial regulations as stipulated in the contract agreement and per generally accepted accounting practices. The grant account will also provide training to the grant aided companies accountants.
Key Responsibilities: •
Financial and Grant Management •
Verify the accounting records of the SMEs (partners) to ensure accurate financial reporting and compliance with donor requirements •
Prepare a schedule to be used for posting all SMEs entries on PS Financials (PSF) •
Prepare and update the SMEs disbursement schedule and monthly Anticipated Results •
Review quarterly SME’s financial reports as per the period in the executed contracts, the matching fund commitment, assess the fund request and liaise with the Team Leader and Head of Finance for disbursement of funds •
In liaison with the Team Leader and portfolio managers, reconcile with the SMEs on quarterly basis fund balances and related Key milestones •
Initiate payment processing according to internal policies and procedures •
Compile monthly anticipated results, variances, comments, and actions •
Participate in the review of partner business plans •
Carry out internal audits of all partners financial and operations •
Ensure all partners’ expenditure support documents are filed clearly and consistently against project Salesforce records in Box •
Grantee Financial Planning and Budgeting •
In liaison with the Portfolio Managers, Team Leader, finance and other programme staff align and reforecast financial plans with grant agreements; •
Support the process of project budget amendments following instruction for Portfolio Manager •
Assist the programme staff with the development and/or review of the project’s activity budgets •
Reporting and Compliance •
Assist in the preparation and maintenance of partner reporting formats •
Review grantees consolidated reports on quarterly basis and feedback on any improvements required •
Prepare reports for review by management upon partner expenditure verification visits •
Prepare presentations for internal review meetings •
Compile information for internal and external audits •
Support the expenditure verification exercise, special audits and respond to the audit issues raised, as well as monitor the implementation of the issues raised in the Management Letter •
With guidance from the Head of Finance and Administration, support the SHA Institutional Audit •
Project Accounting •
Support for routine financial accounting functions including processing and recording all transactions in line with Self Help Africa policies, EU accounting standards, and compliance to Zambia legislation, ensuring timeliness, efficiency, and completeness; Includes checking the accuracy and validity of documents such as Requisitions, LPOs, CBAs, delivery notes, invoices, contracts, payment vouchers and receipts •
Participate in the various procurement processes •
Internal Controls Compliance •
Assist in reviewing internal controls and compliance matters •
Carry out periodic checks of internal controls and compliance •
Carry out periodic internal control checks in the country office financial operations
Other Duties
Prepare monthly work plans and work-updates and share with the Team Leader and Head of Finance and Administration.
Any other duty that may be assigned from time to time
Key Relationships:
Internal
Team Leader
Portfolio Managers
Finance Officer and other Project Accountants
Other Country Finance and Administration staff
Other country programme staff
HQ Finance team
External
Staff from partner organizations both finance and programme staff
Service providers
Qualifications, Knowledge and Experience: •
Must have a Bachelor’s degree in Accounting / Finance and should have certified qualification (ZICA CA, ACCA, CIMA,) and preferably, be a member of a recognized professional accounting institute •
Five years practical experience in Financial Accounting, at least three of which should be in grants management. •
Proficient in Microsoft Office, spreadsheet applications and computerized accounting systems •
Demonstrated financial advisory, operational and analytical skills including high level of organisational, problem solving and facilitation skills; •
Demonstrated experience in donor fund projects, undertaking risk assessments, internal audits and/or assessing internal controls.
Role Competencies •
Results-orientated with excellent communication skills, as well as curiosity and initiative •
Proactive and motivated with a strong commitment to Self Help Africa’s vision, mission and values •
Attention to detail and the ability to produce timely and accurate reports •
Ability to work as part of team across different cultures •
Good analytical skills •
Previous experience of managing USAID, EU and/or other donor funding •
Experience working with organizations in partnership arrangements Results-orientated with excellent communication skills, as well as curiosity and initiative • Proactive and motivated with a strong commitment to Self Help Africa’s vision, mission and values • Attention to detail and the ability to produce timely and accurate reports • Ability to work as part of team across different cultures • Good analytical skills • Previous experience of managing USAID, EU and/or other donor funding • Experience working with organizations in partnership arrangements ">

Work Hours: 8

Experience in Months: 60

Level of Education: Associate Degree

Job application procedure

Attach CV and Supporting Academic and Professional Qualifications to the application form.

All Jobs

QUICK ALERT SUBSCRIPTION