Finance Manager

Palladium International

Palladium International

Follow

More jobs from this company

Summary

• Vacancy: —
• Location: Dhaka
• Published: 1 Oct 2024

Responsibilities & Context

Finance Manager 

About Palladium: Palladium is a global company working to design, develop and deliver positive impact on the lives and livelihoods of people around the globe; broaden access to health, water, power, and infrastructure; build enduring, sustainable, and transformative institutions and market systems to address global challenges; and conserve the natural world. We operate in over 90 countries and have a workforce of 4,000 talented, motivated, and diverse staff.   

Project Overview: The Feed the Future Bangladesh Inclusive Access to Finance Activity (IAF) is a $34 million, USAID-supported project that will unlock finance for small businesses and farmers, make agricultural supply chains more inclusive and sustainable, and improve inclusivity in the financial sector in Bangladesh. To accomplish this, IAF will engage strategic partners to deploy innovative solutions to address constraints in agriculture value chains and agriculture financing; deploy incentives and capacity building to financial institutions to expand appropriate and inclusive lending to or investment in agriculture; and engage the private sector to advocate for systemic improvements and scale social impact. From 2024 to 2029, The Bangladesh Inclusive Access to Finance Activity will unlock $448 million in finance, driving sustainable agricultural lending and promoting inclusive growth.    

The Finance Manager is responsible for overall financial management and accounting for the project, including coordination with the project technical and operations teams as well as the Project Management Unit.  

Role and Responsibilities: 

• Oversee day-to-day financial management and accounting for the project; maintain and manage financial accounts in coordination with Director of Finance and Administration, Project Accountant, and Palladium Home Office 

• Prepare project burn rate and support the development of pipelines, burn rate trackers, accruals and spending projections/forecasts 

• Ensure that the project complies with donor policies and regulations 

• Oversee day-to-day cash advances, petty cash and bank management including electronic bank transfers 

• Prepare monthly cash projections and submit the fund request to Home Office

• Assist in establishing, maintaining, and updating organizational financial policies and procedures

• Prepare and track project budgets and budget projections; budget variance, reviews expense reports, vouchers and payment requests, including proper back-up documentation to ensure compliance with established Palladium systems and the client’s rules and regulations  

• Work with the Director of Finance and Administration and Project Management Unit to develop annual budgets, projections, and financial plans 

• Supervise Project Accountant and ensure timely payments to staff, consultants, vendors and sub-grantees /sub-contractors 

• Oversee payments to vendors and contractors; track all tax withholding information and make available to project leadership 

• Maintain complete, accurate and timely financial records, prepare and submit monthly financial reports, and ensure supporting documents are filed appropriately   

• Prepare the mandatory government financial reporting and regular filing to NBR and VAT authority in Bangladesh 

• Ensure field offices payments are released in a timely fashion from the Dhaka office payment accounts 

• Manage payroll and tax remittance for all local staff

• Monitor and compute individual annual tax returns, and their investment evidence per internal and external audit requirements

• Ensure compliance with severance and unused leave accrual accounting guidelines 

• Maintain accurate, timely and updated account information; reconcile bank accounts and books on a monthly basis

• Perform any other duties as may be directed by Director of Finance and Administration

Position Requirements: 

• Degree in accounting, finance, business, or related field  

• 5 -7 years of experience in finance and accounts with international organizations  

• Experience with USAID accounting/financial procedures preferred 

• Experience in working with catalytic funding, including USAID-funded grants, preferred 

• Microsoft office suite proficiency and the ability to operate spreadsheet and word-processing programs at a highly proficient level  

• Proactive problem-solving, decision-making and good judgement skills  

• Demonstrated ability and commitment to manage confidential information  

• Bangladeshi nationals are encouraged to apply   

Equity, Diversity & Inclusion – Palladium is committed to embedding equity, diversity, and inclusion into everything we do. We welcome applications from all sections of society and actively encourage diversity to drive innovation, creativity, success and good practice. We welcome and seek to ensure we achieve diversity in our workforce; and that all job applicants and employees receive equal and fair treatment regardless of their background or personal characteristics. These include: (but are not limited to) socio-economic background, age, race, gender identity and expression, religion, ethnicity, sexual orientation, disability, nationality, veteran, marital or Indigenous status.      

Should you require any adjustments or accommodations to be made due to a disability or you are a neurodivergent individual or for any other circumstance, please email our team at [email protected].     

Safeguarding – We define Safeguarding as “the preventative action taken by Palladium to protect our people, clients and the communities we work with from harm”. We are committed to ensuring that all children and adults who come into contact with Palladium are treated with respect and are free from abuse.  All successful candidates will be subject to an enhanced selection process including a rigorous due diligence process.  

Employment Status

Full Time

Job Location

Dhaka

Source link