Chemonics International seeks a Finance Specialist for its USAID Pakistan Investment Promotion Activity (IPA). IPA is a 5-year project that aims to promote a more stable, peaceful, and prosperous country by removing barriers to investment and trade by facilitating Pakistani-led improvements in government regulations, increasing the ease of doing business, and improving the overall investment climate.
The position of Finance Specialist will be to support the Operations Director in delivering following tasks and will provide support to the technical team. The term of assignment is for the life of the project, subject to satisfactory performance. At all times candidates must adhere to, and act according to Chemonics’ Professional Code of Ethics. This position will be based in Islamabad, Pakistan.
Specific Tasks and Responsibilities: Specific tasks of the Finance Specialist include, but are not limited to:
- Supervise accounting cycle to include preparation and appropriate documentation of journal entries, payment requests, and general ledger reconciliations.
- Ensure that incurred costs are allowable, allocable, and reasonable in accordance with USAID cost principles and Chemonics policies and procedures.
- Review and approve accounting and supporting documents and transactions to ensure accuracy, completeness and compliance with Chemonics policies and procedures and USAID regulations.
- Complete timely financial reporting, including correct allocation of costs across IPA’s Contract Line Item Numbers using ABACUS system; for example, monthly expenditures (“locals”) and accrual/projection spreadsheets (“wire transfer requests”).
- Prepare and/or review ad hoc analysis and reporting as needed.
- Monitor preparation and perform analysis of financial reports relative to budget and monthly forecasting.
- Oversee monthly wire transfer requests for submission to the HO and manage local bank accounts to ensure sufficient availability of funds for project needs.
- Review the internal financial control systems to ensure that appropriate mechanisms, procedures, and systems are in place.
- Ensure proper safeguards of funds and compliance with established USAID and Chemonics financial and accounting procedures.
- Review and ensure proper authorization and approval and timely processing of payment/reimbursement requests for employees/suppliers/vendors.
- Plan, perform and supervise internal audits of accounts payable, accounts receivable, payroll, fixed assets, and petty cash.
- Oversee the monthly bank reconciliations and reconciliation of petty cash,
- Review submission of all tax withholdings (payroll income tax, deduction at source) to relevant parties.
- Review payroll and ensure allocation of payroll costs to appropriate general ledger accounts.
- Work closely with internal and external auditors during field program audits.
- Serve as a resource person for technical and finance staff on Chemonics and USAID policies, procedures, and regulations.
- Liaise directly with the Chemonics headquarters Field Accounting Support Team (FAST) on ABACUS system set up and any ongoing issues or reporting.
- Supports Senior Grants Manager on strengthening sub-awardees financial capacity to ensure they follow USAID regulations, including review of financial statements, policies/procedures, and grantee pre-award risk assessment.
- Assists with budgetary and financial aspects of grant proposals and planning for implementation/procurement and cash disbursement needs for grants implementation.
- Perform other duties as required or assigned by Operations Director, the Chief of Party, or the PMU which are consistent with the qualifications, scope of work and general requirements of IPA.
- Conduct all business in a manner that respects local culture.
- Always maintain high ethical standards, avoiding any actual or perceived conflicts of interest.
- Abide by all local laws, USAID regulations, and US Embassy/USAID project directive.
- Bachelor’s degree in related field required, Master’s degree strongly preferred. Association of Certified Chartered Accountants (ACCA), Chartered Institute of Management Accountants (CIMA) or equivalent professional qualifications preferred.
- Minimum of 5 years relevant experience; USAID experience desirable
- Excellent interpersonal and communications skills
- Strong commitment to Chemonics values including integrity
- Ability to foster and demonstrate a workplace inclusive of creating opportunity, serving others, building trust, innovation, and exceeding expectations
- Advanced English and Fluent Urdu required
Please send electronic submissions of your CV, cover letter and 3 professional references when you apply to [email protected] by May 15, 2022. Please include the position you are applying for in the subject line. Only applications sent to the listed email will be considered. Applications without these items may not be considered. No telephone inquiries, please. Finalists will be contacted.