Project Finance Officer at Nigerian Red Cross Society

The Nigerian Red Cross Society (NRCS) was established through an Act of the Parliament in 1960 to complement public authorities in humanitarian interventions with the mandate to prevent and alleviate human suffering at times of peace or conflict, and to support individuals and communities to respond effectively to emergencies, without any form of discrimination as to class, gender, race, political opinions or religion.

We are recruiting to fill the position of:

Job Title: Project Finance Officer

Location: NRCS Headquarters, Abuja
Employment Type: Full-time
Line Manager: Director Finance

Job Purpose

• The Project Finance Officer will be responsible for ensuring the timely and accurate processing of project transactions as well as periodic reporting of financial activities on project to donors.

Job Duties and Responsibilities
The Project Finance Officer has the following responsibilities:

Payment Processing:

• Review payment requests to ensure that all the relevant supporting documents including invoice, receipt, approved budget and procurement documents where applicable are attached.
• Ensure payment vouchers are properly coded and approved before effecting payment.
• Post transactions on Quick Books or on available ERP software for periodic reporting.
• Further approved proposal, tender documents, purchase orders, contracts, GRNs, distribution lists and invoices are attached to PV.
• Coordinate with relevant staff on unclear support documents provided for payment before processing it further.
• Ensure all payments are processed in a timely manner without unnecessary delays.

Staff Advances:

• Perform reconciliations on staff and working advances.
• Provide staff with account status on monthly basis. Ensure that additional advances are not given to staff if the previous one is unaccounted unless with prior authority.

General Ledger Update:

• Follow up with branches and staff for retirement of advances at the close of every month.
• Budget Tracking and Performance Reporting.
• Using excel skills to match actual expenses with budgeted line items upon the availability and request of transaction list from finance.
• Generation of monthly budget report and variance analysis for donor’s information.
• Reporting of staff advance on a periodic basis for reconciliation purpose.
• Record budget realignment where it is required and re-adjust the matching expenses on cash basis.
• Keep accurate records for all daily transactions to be captured in the accounting books.
• Update the general ledger and participate in monthly closing procedures
• Ensure all transactions processed through the accounting system are properly authorized and have the relevant supporting documents.
• Maintain a transparent, accurate user-friendly filing system of all financial documents by ensuring all documents are in place and files are properly labelled

Financial Control:

• Closely monitor all financial activities and keep the management advised of all situations which have the potential for a negative impact on internal controls or financial performance.
• Assist in the facilitation of both internal and external audit procedures as may be required.
• Ensure appropriate control and security of all cash resources always
• Conduct aging analysis and compile reports of outstanding payments over 30 days and follow up to ensure payment.

Duties Applicable to all Staff:

• Show capacity to assist other members of staff and management, aptitude for maintaining cooperation and team spirit necessary to achieve the objectives of the National Society.
• Actively work towards the achievement of the NRCS goals.
• Abide by and work in accordance with the Red Cross Fundamental Principles and NRCS Statutes.
• Perform any other work-related duties and responsibilities that may be assigned by Line Manager.

Academic Qualifications and Experience

• Minimum of HND with upper credit or B.Sc in Accounting with second-class upper division from a recognized institution in Nigeria.
• Minimum of two (2) years experience in Finance dept of a recognized NGO.

Skills:

• In-dept knowledge of Microsoft suit such as excel, word and power point.
• Excellent in financial reporting.
• Excellent communication and interpersonal skills.

Key Performance Areas:

• Quality of financial reports.
• Number of errors recorded in posting.
• Timeliness and accuracy of payments processing.
• Accuracy of ledger reconciliations.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the mail.

Application Deadline: 13th August, 2021.