Project Finance Officer

Overview

• Records financial project data into systems, monitors and analyses project data. Executes, checks, and consolidates all necessary activities and checks to assure complete and correct allocation of project costs, in line with financial regulations, SNV financial standards and guidelines and donor requirements.
• Maintaining and monitoring an effective and efficient system of internal controls (i.e. ledger, balance sheet reconciliations, cash and bank management etc. in SAP by Design.) which comply with SNV’s financial guidelines and minimize the risk of fraud or misappropriation.
• Ensure that project financial management systems and records are adequate to identify and protect the assets and interest of the organization and Donor.
• Ensure that the systems and procedures in place enhance, as far as possible, the efficiency and effectiveness of the manner in which assets are utilized.
• Ensure that the country financial operations comply with legal and statutory requirements e.g. audit and financial reporting to all relevant national authorities.
• With the support of the finance, HR, Procurement , Admin and program team keep up to date with donor regulations and ensure that all controls are in place to meet donor compliance.
• PFO performs financial, accounting and audit tasks including other tasks as requested by the line manager, CFM, upon need and specific request.
• PFO support all projects of SNV Bangladesh, in case of absence of other FO/FM and support to project reporting on a regular and timely basis.
• PFO is responsible for supporting CFM in any NGOAB and other Govt. related financial reporting and audit requirements.
• Will be responsible for EKN funded SUWC project, and some other potential project.
• Ensure that the accounting package -SBD (SAP by Design) is maintained in a proper manner and utilized in an appropriate and effective manner.
• Facilitate internal, external and donor audits and associated reviews of field systems.
• Ensure that all statutory deductions & taxes in respect of national staff are complied with & to liaise with relevant authorities in this respect.
• Ensure the VAT and tax compliance and submit the report to authority in time.
• Executes the budgeting process and periodically forecasts and supports control, monitors (audit) all financial related activities within the project.
• Assist the CD and PM - budget-holders in preparing budgets and revisions in line with strategic plans and organizational objectives. This involves supporting, facilitating, and consolidating the financial budgets.
• Preparing monthly management accounts (budget vs. actual) and working with the programme teams and department managers to understand their expenditure reports (management accounts) and budgets
• Ensure the accurate preparation of financial reports and ensuring both organizational and donor requirements are met within agreed timeframes.
• Regularly provides (requested and non-requested) financial reports, analysis, and advice to provide insight in the overall projects financial status to safeguard financial performance, profitability and to estimate financial risks and take precautions. All in line with donor and SNV financial guidelines.
• Provide advice, balancing country interests, relevant regulation, corporate standards, and guidelines, taking the project set-up with different donor regulations into account.
• Guides the Project Manager with country budgets, country project administrations and country project reviews in multiple country projects.
• Provides financial reports to meet both internal and external donor requirements.
• Supports t

Introduction

SNV is a mission-driven global development partner working in more than 20 countries across Africa and Asia. Building on 60 years of experience and grounded in the 2030 Agenda for Sustainable Development, we work on the core themes of gender equality and social inclusion, climate adaptation and mitigation, and strong institutions and effective governance. Our mission is to strengthen capacities and catalyse partnerships that transform the agri-food, energy, and water systems, which enable sustainable and more equitable lives for all. For more information, please refer to our website: www.snv.org

Context and purpose of the job

The Project Finance Officer is part of an SNV Country Organisation and is appointed to one or more projects in the country.

The Project Finance Officer supports projects in their financial administration, ensuring the project finance is compliant to SNV policies and procedures as well as donor finance procedures, regulations and guidelines. The Project Finance Officer safeguards the finance control of projects, including budget and periodic progress monitoring and takes actions for overall profitability/financial health in line with the budget.

Key activities

Financial Accounting and Administration

Financial Planning

Financial business project control and information

Donor reporting