Executive/Senior Executive - Accounts

SIMEC Foundation; United Kingdom; On-site; GBP 40,000 - 60,000; Full time

Job summary

An NGO focused on grant management seeks a financial manager to oversee foreign grant management, ensuring compliance with NGOAB guidelines. The ideal candidate will prepare budgets and financial statements, track expenditures, and coordinate with program teams for audits. Strong expertise in financial analysis and knowledge of relevant regulations are essential for this role that supports the organization's finance functions.

Qualifications

• Experience in managing foreign fund grants and compliance with NGO guidelines.
• Strong financial analysis skills and ability to prepare budgets and financial statements.
• Knowledge of NGOAB regulations and international accounting standards.

Responsibilities

• Oversee foreign grant and donor fund management, ensuring compliance.
• Prepare budgets, financial forecasts, and expenditure reports.
• Coordinate with teams for audits and financial reviews.

Job description

Responsibilities

• Oversee the full cycle of foreign grant and donor fund management, including receipt, allocation, utilization, monitoring, and reporting in line with donor agreements, organizational policies, and government regulations.
• Ensure complete compliance with NGO Affairs Bureau (NGOAB) guidelines, including preparation and timely submission of FD forms, project proposals (FD-1/FD-2), progress reports (FD-4), audit reports (FD-6), and other required documentation for foreign-funded projects.
• Prepare accurate budgets, financial forecasts, monthly/quarterly/annual financial statements, and expenditure reports for grant-related activities.
• Track and monitor fund disbursements, expenditures, and variances, perform regular reconciliations of bank accounts, grant ledgers, and donor reports to ensure no discrepancies or fund misuse.
• Coordinate with program teams, external auditors, donors, and NGOAB officials for financial audits, compliance reviews, and inspections.
• Maintain comprehensive and organized records of all transactions related to foreign grants, including vouchers, invoices, receipts, bank statements, and supporting documents for audit trails.
• Assist in developing grant proposals, budgeting for new projects, and preparing donor-specific financial reports and NGOAB-required periodic submissions.
• Design, implement, and monitor internal financial controls, risk management strategies, and anti-fraud measures to safeguard donor funds.
• Conduct financial analysis, identify potential issues, and provide recommendations to senior management on efficient grant utilization and compliance matters.
• Stay abreast of updates in NGOAB regulations, Bangladesh tax laws (e.g., VAT, withholding tax on foreign funds), international accounting standards (IFRS/LAS), and donor-specific financial guidelines.
• Support overall organizational finance functions, including payroll, procurement compliance, and general accounting as needed.
• Perform any other tasks assigned by the Executive Director or management related to accounts, finance, and compliance.