Finance and Grant Management Officer

JAAGO Foundation Trust

JAAGO Foundation Trust

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Summary

• Vacancy: 1
• Location: Sunamganj
• Minimum Salary: Tk. 50000 (Monthly)
• Experience: 3 to 5 years
• Published: 12 Nov 2024

Requirements

Education

• Bachelor/Honors

In Finance, Accounting, Business Administration, or a related field. A professional accounting qualification (e.g., ACCA, CPA) is preferred.

Experience

• 3 to 5 years
• The applicants should have experience in the following business area(s):
  NGO

Additional Requirements

• Experience in financial management and grant administration, preferably within the non-profit or development sector.

• Proven experience in managing donor-funded grants, especially from large agencies (e.g., USAID and BRAC).

• Strong proficiency in financial management software and Microsoft Office Suite, particularly Excel.

• Knowledge of financial regulations, accounting principles, and grant compliance.

• Excellent communication skills, with fluency in both English and Bengali.

• Understanding of financial reporting standards and requirements in Bangladesh’s non-profit sector.

Responsibilities & Context

Brief description of JAAGO Foundation Trust:

JAAGO Foundation Trust is dedicated to combating illiteracy and malnutrition among underprivileged children in Bangladesh, focusing on creating a society free from exploitation and discrimination, aiming to improve social conditions through education and youth empowerment.

JAAGO Foundation Trust collaborates with various local and international organizations to enhance its impact. It adheres to values of mutual respect, justice, transparency, and accountability, ensuring that all activities align with its mission to improve the lives of disadvantaged communities.

Committed to the highest standards of ethical conduct, JAAGO Foundation Trust has robust policies to address issues like fraud, corruption, and sexual exploitation. Through its diverse programs and initiatives, JAAGO Foundation Trust continues to make significant strides in empowering underprivileged children and fostering sustainable development in Bangladesh.

Position Summary:

A detail-oriented and experienced finance professional with a strong background in grant management, financial planning, and compliance. The Finance and Grant Management Officer for the Maitree Project will oversee the project’s financial operations, ensuring adherence to budgets, donor requirements, and compliance with financial policies. This role requires strong analytical skills, familiarity with financial management in the non-profit sector, and a commitment to maintaining transparency and accountability in project finances.

Responsibilities:

Financial Planning and Budgeting:

• Develop and manage project budgets in collaboration with the Project Manager.
• Conduct financial forecasting and analysis to support project planning and resource allocation.
• Ensure alignment of financial plans with project goals and donor regulations.

Grant Management:

• Coordinate with donor agencies (USAID, BRAC) to ensure compliance with grant conditions.
• Prepare grant budgets, financial reports, and required documentation for grant applications.
• Monitor grant fund utilization, ensuring that expenditures align with approved budgets and project activities.

Financial Reporting:

• Prepare and submit accurate, timely monthly and quarterly financial reports for internal and external stakeholders.
• Collaborate with the Monitoring and Reporting Officer to integrate financial data into project reports.
• Ensure that all project transactions and financial reports meet donor requirements and organizational policies.

Compliance and Internal Controls:

• Implement internal controls to mitigate financial risks and ensure compliance with financial policies and procedures.
• Conduct regular reviews of financial transactions, verifying accuracy and adherence to compliance standards.
• Collaborate with auditors for periodic financial audits and address audit findings.

Budget Monitoring and Variance Analysis:

• Monitor project expenditures against the approved budget, identifying and reporting any variances.
• Provide financial insights and recommend corrective actions to optimize budget utilization.
• Conduct monthly budget reconciliations to maintain accurate and up-to-date financial records.

Documentation and Record-Keeping:

• Maintain comprehensive and organized financial records, including receipts, invoices, and grant-related documentation.
• Ensure proper documentation of all financial transactions in accordance with organizational policies and donor requirements.

Capacity Building and Support:

• Provide financial guidance to project staff and local partners to ensure understanding of budgeting and financial procedures.
• Conduct training sessions for project teams on financial processes, grant management, and compliance.
• Act as a point of contact for finance-related inquiries, supporting the project team in budget management.

Skills & Expertise

Experienced in donor fund management

Financial analysis and reporting

Financial Management

Workplace

Work at office

Employment Status

Full Time

Job Location

Sunamganj

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