Senior Finance Officer

at CARE International
Published June 28, 2024
Location Mogadishu, Somalia
Category Finance  
Job Type Full Time  

Description

CARE Somalia/Somaliland is an International NGO working in Somalia. CARE and its partners work with vulnerable communities to address the underlying causes of poverty and promote peace and development, through its strategic goal to reduce poverty by empowering women, enhancing access to resources and services, and improving governance. CARE’s Finance department is seeking applications from qualified candidates for the positions of Senior Finance Officer based in Mogadishu.

The Senior Finance Officer is responsible for the financial management of GEA Program funds through the Treasury Single Account (TSA) of Ministry of Finance, This TOR has been developed as a guidance for the objectives, scope, of performing the Senior Finance Officer position, this position will support the accounting and safeguarding the funds under TSA account, as well as the coordination of GEA Finance staff and Project focal points at FGS and FMS. He/she will work very closely with the Federal Ministry of Finance, and Federal Ministry of Education, FMS Miniseries of education such as Juba land, Galmudug, Hirshabelle and Southwest States of Somalia. He/ She will support the Ministry of Education on the planning, development and implementation of an effective and transparent accounting, budgeting and financial planning system and auditing within the MoECHE.

Financial Management

Oversee the transparency of the financial processes and the use of funds through TSA in compliance with grant Agents Financial guidelines.
Liaise with Ministry of Finance on payments processing, conduct daily follow ups and fast track payments release.
Regularly follow up FMS MOEs to submit fund requests on time.
Ensure timely preparation of monthly financial reports from federal and FMS states.
Timely review of Cash positions for the project to ensure the sufficient cash flow for the project activities under the TSA.
Advice and train FMS finance officers on proper record keeping, financial liquidation tools and fraud prevention.
Prepare planning, expenditures tracking of financial resources in accordance with Grant agents’ policies and GPE rules and regulations.
Prepare payment vouchers and other payment processing documents and submit to MOF for processing.
Coordinate the grant agents with MOF and Central bank on financial issues.
Maintaining the internal controls over all financial processes ensuring an efficient financial follow process
Review submitted financial documents from FMS MOEs/MOECHE and provide feedback to ensure completeness and accuracy of the financial support documents.

Grant Reporting and Financial Analysis

Undertake the preparation of a detailed BVA for the project and share with the budget holders for discussion.
By working closely with the project management, work on the preparation of budget revisions and project forecast in line with the donor rules.
Undertake the coordination of both internal and external audits in providing the required information to the auditors.
Support in the monitoring of actual expenses against budgets.
Update the sub ledger for GEA project to ensure the cash advance to the MOECHE and expenditure are accurately tracked.

QUALIFICATIONS, EXPERIENCE AND COMPETENCIES.

Bachelor’s degree in business administration/ or similar fields.
Minimum of 3 years’ experience with international NGOs in Somalia.
Prior Knowledge of both working with the ministry of education and the treasury single account (TSA)will be an added advantage.
Proficiency in the use of the spread sheet will also be very important.
Prior knowledge of GPE rules will also be an added advantage.

Interested candidates who meet the criteria above are encouraged to send their application letters and detailed CV in a one PDF document referring to the job title “(Senior Finance Officer – Mogadishu” as the subject line of the email.

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