Senior Finance Officer

Senior Finance Officer

Job Description

Job Type: Full-time 

Duration: One year (with possible extension)

Location: Kathmandu (with frequent travel outside)

Salary: NPR 70,000-80,000 (Negotiable)

About the organization: Youth Innovation Lab (YI-Lab) is a not-for-profit civic tech company that works at the intersection of emerging cutting-edge technological tools and their applications by equipping young professionals to solve emerging challenges in our community. YI-Lab’s mission statement is, ‘to engage young people to bridge science to people and policy through innovation’. YI-Lab harnesses indigenous knowledge, citizen science approach, develops low-cost technological solutions, promotes open data, promotes entrepreneurship, and conducts evidence-based advocacy campaigns. YI-Lab provides a conducive environment for young people to co-create solutions for inclusive development.

About the project: The UDAAN (Unleashing Digital Acceleration and Ambition of Nepali Youth) project, led by Youth Innovation Lab together with Heifer Project Nepal, NAAMII, and Women In Animation and supported by the European Union, is a nationwide initiative aimed at empowering young women and men across Nepal with the skills, opportunities, and resources needed to thrive in the digital economy. 

Implemented over four years, the project focuses on advancing digital literacy, fostering innovation and entrepreneurship, and creating pathways to employment through training programs in AI, coding, and creative technologies, as well as internships, fellowships, and innovation hubs in partnership with local governments, academic institutions, and the private sector. 

With a strong commitment to gender equality and social inclusion, UDAAN prioritizes marginalized and underrepresented youth, contributing to a more inclusive, resilient, and future-ready workforce in Nepal. The action is implemented through four interconnected components:

1. PATHSHALA - Digital Skills Development: Builds future-ready digital skills through AI, Coding, and Animation schools. Using tiered, hybrid learning, it prepares young Nepali women and men for jobs, innovation, and entrepreneurship in the digital economy. 
2. KARYASHALA - Innovation and Experimentation: Transforms youth skills into real-world digital solutions through hackathons and bootcamps. It nurtures innovation with mentorship and incubation, turning ideas into scalable impact. 
3. KARMASHALA - Employment and Career Pathways: Connects young Nepali youth to real-world work experience through internships and fellowships. It bridges skills to careers by placing youth in government and private sector roles, building employability and professional confidence.
4. NITISHALA - Policy and System Strengthening: Strengthens youth participation in digital governance through policy dialogues, innovation hubs, and civic engagement. It bridges youth, communities, and local governments to institutionalize inclusive and sustainable digital transformation.

Summary of Responsibilities: The Senior Finance Officer will be responsible for the overall financial management, compliance, and reporting of the UDAAN project, ensuring efficient and transparent use of resources in line with donor (EU) regulations and organizational policies.

The role involves budgeting, financial planning, partner financial oversight, and supporting audits, while working closely with program and consortium teams to ensure effective financial implementation across all project components.

Requirements

Required Qualifications & Experience

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field
• Minimum 4–6 years of relevant experience in financial management
• Should have proficiency of using accounting and financial management software (e.g., FAMAS, TALLY)
• Experience managing donor-funded projects (EU experience highly preferred)
• Strong understanding of financial regulations, compliance, and reporting
• Experience working with multi-partner/consortium projects

Skills & Competencies

• Strong financial analysis, budgeting, and reporting skills
• Knowledge of donor compliance (EU rules is a strong advantage)
• Proficiency in accounting software (FAMAS, TALLY) and MS Excel
• Good understanding of the Tax system of Nepal
• High attention to detail and accuracy
• Strong organizational and time management skills
• Ability to manage multiple priorities and deadlines
• Strong communication and coordination skills
• High level of integrity and accountability

JOB DUTIES AND RESPONSIBILITIES

1. Financial Planning & Budget Management

• Lead project budgeting, forecasting, and financial planning processes
• Monitor budget utilization and ensure alignment with approved work plans
• Provide regular financial analysis and recommendations to support decision-making
• Support budget revisions and reallocations as needed

2. Financial Operations & Accounting

• Oversee day-to-day financial operations, including payments, vouchers, and ledger management
• Ensure accurate and timely recording of financial transactions
• Maintain proper documentation and filing systems for all financial records
• Ensure compliance with organizational financial policies and procedures

3. Donor Compliance & Financial Reporting

• Ensure compliance with EU donor regulations and reporting requirements
• Prepare periodic financial reports, forecasts, and expenditure statements
• Support the preparation of interim and final financial reports
• Ensure proper eligibility and documentation of expenditures

4. Partner Financial Management

• Manage financial coordination with consortium partners (e.g., Heifer, NAAMII, WIA)
• Review partner budgets, financial reports, and supporting documents
• Provide guidance and capacity support to partners on financial compliance
• Ensure timely fund disbursement and liquidation

5. Audit & Risk Management

• Support internal and external audits, including donor audits
• Ensure the readiness of financial documentation and compliance with audit requirements
• Identify financial risks and implement mitigation measures
• Strengthen internal controls and financial accountability systems

6. Procurement & Financial Oversight

• Support procurement processes, ensuring compliance with donor and organizational guidelines
• Review procurement documentation and contracts from a financial perspective
• Ensure value-for-money and transparency in financial processes

7. Coordination & Capacity Building

• Work closely with program, operations, and MEL teams to align financial and programmatic planning
• Provide financial guidance to project staff and partners
• Support the financial capacity building of team members and partners

Reporting Line

The Sr. Finance Officer will report to the Finance and Admin Manager and work closely with the program and consortium team.

Application Process

We highly encourage all interested applicants, especially youth and young professionals and candidates from discriminated groups (women, Dalit, Janajati, Madhesi/Terai, and other minority communities) to apply.

We are having interviews on a rolling basis and encourage interested candidates to apply as soon as possible. Only shortlisted candidates will be called for an interview.

Deadline for submission of application: 8 April 2026

Application Procedure: Interested candidates who meet the above requirements are requested to apply through the link - https://jobs.yilab.org.np/jobs/detail/senior-finance-officer-177