jobs Accountant and Subcontracts Financial Officer - Financial Markets International, Inc. (FMI)
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description :jobs Accountant and Subcontracts Financial Officer - Financial Markets International, Inc. (FMI)
Financial Markets International, Inc. (FMI), the Implementing Partner for the USAID Business Growth Activity, is now seeking an SMEs Business Manager for the Activity.
The USAID Business Growth Activity will enable Jordan’s small and medium enterprises to improve their productivity and competitiveness, create new jobs and innovations within a range of sectors, and advance Jordan towards a more prosperous, resilient, and inclusive future. Through a series of evidence-based interventions, the Business Growth Activity will support these enterprises with direct firm-level assistance and broad-based capacity building programs to mobilize millions in capital, and address constraints through advocacy and public-private dialogue that complements USAID’s policy reform initiatives. The activity strives to allow growth-oriented small and medium enterprises to reach new markets and buyers, increase collaboration along value chains, and improve efficiency and quality to meet demand. The activity will empower these enterprises to access tailored and competitively priced debt, equity, and new hybrid financial products to operate within a more responsive business environment better informed by public-private dialogue and advocacy. This will allow small and medium enterprises to engage women, youth, and persons with disabilities, and increase sales, exports, and broad-based job creation.
Position Summary
The Accountant and Subcontracts Financial Officer is responsible for performing accounting functions and recording, classifying, examining and analyzing data and records of financial transactions. S/he will review and consolidate BGA financials on a monthly basis, and processes and records journal entries, cash receipts/field cash management and wire payments. S/he will also support in financial matters and issues pertaining to grantees and subcontractors as mentioned in the detailed scope below.
Roles and Responsibilities:
S/he will perform related responsibilities as required. S/he shall be responsible for, but not limited to, the tasks detailed hereunder:
- Independently apply accounting principles and practices to a variety of accounting, budgeting, forecasting, cost accounting and/or other fiscal functions.
- Independently prepare monthly expense reports and bank reconciliations and submit for review and approval.
- Accurately record all financial transactions in QuickBooks and subsequently review entries made by the Bookkeeper.
- Prepare bank disbursement vouchers, wire transfers and checks and ensure all financial transactions are in compliance with implementer policies and procedures.
- Verify accuracy of all payment requests and assure proper allocation of expenditures to funding source and expense categories.
- Contact grantees, subcontractors and vendors to discuss invoices and payments and resolve discrepancies, as required.
- Assist in various financial analysis projects and closure of accounting records.
- Assist with internal and external audit requests, including policy and process changes to be implemented as a result of audit findings.
- Prepare reports and statements requiring interpretation and analysis.
- Development and implementation of control systems for determining and distributing costs, working with administrators to develop and operate accounting systems, examination of a variety of accounting documents to verify conformance with internal policies and external accounting standards.
- Assist in reviewing budgets submitted to selected grantees and give feedback in regards to reasonability, allowability and allocability of the expenses.
- Assist in the pre-award assessment conducted on selected grantees.
- Thorough review of all submitted vouchers, expense reports, and supporting documents submitted by grantees for monthly reimbursement claims.
- Review of in-kind payments approved under each grant and ensure all required documentation in on file.
- Follow up on grantee budget deviations and report to grants on any of those deviations.
- Advise and ensure proper coding of grantees’ payments within the QuickBooks system.
- Assist in preparing monthly and periodic reports pertaining to grantees’ disbursement under their grants and outstanding balances of committed obligations within the grants pool.
- Contact grantees to discuss invoices and payments and resolve discrepancies, as required.
- Assist in proving training for grantees on preparing and reporting of expenses under the grant and advise on required USAID regulations to be followed.
- Assist in the development of required templates as the need calls for it.
- Support in providing reports in regard to burn rate, accruals, and budget projections as required by USAID and the implementer
Job Details
| Posted Date: | 2021-12-05 |
| Job Location: | Amman, Jordan |
| Job Role: | Accounting and Auditing |
| Company Industry: | Non-profit Organization |
Preferred Candidate
| Career Level: | Mid Career |
| Degree: | Bachelor's degree |
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