Financial Management Specialist

Nepal SBI Bank Limited

Details / requirements:

Position: Financial Management Specialist 

Division: Financial Management 

Reports to: Chief Financial Officer (CFO) 

Band: C 

Background & Project Description: 

In September 2017, the U.S. Government’s Millennium Challenge Corporation (MCC) signed a $500 million compact agreement with the Government of Nepal. The compact aims to increase the availability and reliability of electricity, maintain road quality, and facilitate power trade between Nepal and India - helping to spur investments, and accelerate economic growth.  The compact agreement is valid for a period of five years, and is currently in implementation stage, prior to Entry-Into-Force (EIF) at which time the five-year time period begins. 

Pursuant to the aforementioned agreement, the entity charged with implementing the project has been established as the Millennium Challenge Account Nepal (MCA-N) entity. This position will assume a critical role in the success of MCA-N. 

Position Objective: 

The Financial Management Specialist, under the supervision of the Chief Financial Officer, is responsible for examining the daily execution of accounting and finance transactions, monitoring the banking relationship, communicating with the fiscal agent, and serving a facilitating role in budget management and as focal point for the preparations for budgeting and auditing activities. 

Duties and Responsibilities: 

Financial Management  

  • Monitor budgets and daily cash flow ensuring that issues of overspend/underspend are anticipated and that remedial measures are raised to management 
  • Oversee the preparation and organization of finance and accounting documentation for budgeting, reporting, and audit activities, ensuring that information is accurate and traceable 

Risk Management 

  • Review and verify a range of transactions (including disbursements, transfers, etc.) and ensure MCA-N/MCC finance and accounting guidelines are properly observed, and documentation is current and accurate to support reporting and audit activities 
  • Examine bank records/reports to determine if any inconsistencies exist and advise the CFO and MCA-N management of issues related to the banking relationships of the MCA-N 

Planning 

  • Train MCA-N staff on the proper use of accounting forms and accomplishment of finance and accounting transactions to ensure consistent compliance with MCA-N guidelines and strengthen the transparency of the accounting function 

Administration & Operation 

  • Consolidate and maintain documentation on issues and best practices to support process improvement activities 

Requirements (Education, Experience, Technical Competencies)

  • Minimum Bachelor’s Degree required from a recognized institution in Accounting, Finance, Banking & Finance, Commerce, Chartered Accountancy, Financial Control, or Business Administration, Business Management, Financial Engineering, Economics, General Management, , or equivalent field 
  • Five (5) or more years of cumulative experience preferred (accumulated after acquiring Bachelor’s Degree), preferably in international development and with governmental organizations and donor agencies 
  • Experience managing financial management processes, preferably with development-partner assistance 
  • Excellent communication, coordination skills; demonstrated ability to interact and collaborate with people across departments, divisions and institutions 
  • Good command of English and Nepali languages, both written and spoken 

This Position Description is subject to revisions/updates as necessary to ensure alignment to the organization’s strategic direction and structure. Revisions to the description are subject to applicable Human Resources policies and procedures, and official versions of each Position Description are maintained by Human Resources. 

To Apply:  

The application should be completed & submitted through the Electronic Recruitment Application (ERA) www.rollingplans.com.np/MCA-N and should include a cover letter along with a targeted resume which demonstrates the requirements of the job position. The application needs to be received latest by September 18, 2018 (Monday) before NPT 17:00 hrs. (GMT +5.45). 

This position is open to all the interested applicants; competitive local compensation package will be offered. Only shortlisted candidates will be contacted for further selection process(es). 

Overview

Category Finance & Administration
Openings 1
Experience Please check vacancy details.
Education Please check vacancy details
Posted Date 30 Aug, 2018
Apply Before 18 Sep, 2018
City Kathmandu