Accounts & Finance Officer

Young Power in Social Action (YPSA)

Chittagong
Tk. 50,000 per month
Permanent
Full-time

4 days ago

Responsibilities & Context:Young Power in Social Action (YPSA) is an organization for sustainable development working in the greater Chattogram division including Chattogram Hill Tracts (CHT) since 1985 (International Youth Year). YPSA is going to implement a sub-project titled 'Promoting sustainable growth in the plastic Recycling sub-sector through RECP practices' as a part of the 'Sustainable Microenterprise and Resilient Transformation (SMART)' project. This sub-project aims to increase resource-efficient and resilient green growth of microenterprises (MEs) under 'Plastic Recycles' sub-sector. The project is jointly financed by the World Bank, Palli Karma-Sahayak Foundation (PKSF), and Young Power in Social Action (YPSA). The sub-project will be implemented across Chattogram City Corporation area under Chattogram districts.Sub-project Objectives:1. Ensure proper resource utilization of MEs in an efficient way.2. Boost productivity with appropriate technology.3. Develop capacity of MEs for climate resilient sustainable business.Duration: The employee will initially be hired for a one-year term, with the possibility of extending the contract till 30 June 2028, based on satisfactory performance.Duties and Responsibilities:The 'Accounts and Finance Officer' will work under the direct supervision of the Project Manager and will undertake the tasks and duties to assist implementation of the sub-project. The specific tasks are, but not limited to, as follows:Maintaining AccountsMaintain sub-project accounts in accordance with International Accounting Standard (IAS), on a 'going concern' basis under Generally Accepted Accounting Principles;Maintain separate books of account on an accrual basis under historical cost convention;Prepare monthly/annual financial statements incorporating disclosure on income and expenditure, receipt and payment, and financial position of the sub-project along with other notes and relevant information;Fund ManagementMonitor the flow of funds from the PKSF to sub-project and sub-project to microenterprise to ensure that appropriate procedures are followed;To ensure a smooth flow of funds from the sub-project to Microenterprise level for sub-project implementation;Ensure that adequate internal control and arrangement are in place for proper utilization, management, and accounting of funds;Budget and Financial ReportingPrepare yearly/half-yearly detailed sub-project budget in line with the procurement plan and other relevant work plans;Prepare the budget of a new cost proposal, training, and other sub-project activities;Ensure that shared cost amounts are budgeted for each proposal of the sub-project;Prepare monthly financial report and half-yearly reimbursement bill for the sub-project;Sub-project MonitoringEnsure strong monitoring system of the sub-project through frequent field visits;Review external and internal audit report along with management letter of the sub-projects;Administration and ProcurementEnsure that the project procurement rules are complied with the sub-project procurement;Prepare and regularly update the procurement plan(s);Manage logistics and procurements;Verifying current inventory levels and keeping records to prevent inventory gaps;Overseeing the day-to-day administrative tasks.Others ResponsibilitiesMaintain the sub-project bank account and prepare monthly bank Reconciliation Statements;Maintain liaison and coordinate with SMART-PMU of PKSF regarding accounts and budget;Support internal audit section for internal audit and support external auditors with necessary information of the sub-project;Any other tasks, duties, or specific tasks assigned by the Project Manager and management of the YPSA.Education Requirements:

Bachelor of Commerce (BCom)
Master of Commerce (MCom) in Accounting

The ideal candidate should possess a minimum of a four-year undergraduate degree/ BCom. (pass) with master degree in Accounting or Finance from a UGC-approved university. (Third class or similar grade in any level of academic career is not acceptable.)Experience:

At least 4 years
The applicants should have experience in the following business area(s): NGO

Additional Job Requirements:

Age At most 45 years

The candidate should have a minimum of four (4) years of work experience in financial management within a reputable organization, preferably within development organizations in Bangladesh. (Only full-time work experience after graduation will be considered).Relevant working experience with PKSF or any project funded by multi-lateral development partners would be preferred.Good computer knowledge (MS office suite, typing both English and Bangla).Age limit: Maximum 45 years of age on the last date of application.Compensation & Other Benefits:Job location: Chattogram city corporation area under Chattogram districts.Salary and AllowancesMonthly consolidated salary is BDT 50,000/-Other admissible benefits (Festival Bonus, Bangla Noboborsho allowance, Mobile allowance, etc.) as per the organization`s policy.Salary and other admissible benefits (if any) are inclusive of all taxes as imposed by the government of Bangladesh. Taxes will be deducted at sources as per government rules.Company Information:Young Power in Social Action (YPSA), an organization in Special Consultative Status with the United Nations Economic and Social Council (UN-ECOSOC) since 2013, is a voluntary non-profit organization for sustainable development registered with the different departments of the People`s Republic of Bangladesh including NGO Affairs Bureau contributing to national goals for making a difference in the lives of the population since its establishment in 1985. YPSA, a fleet of professional staff specializes in the six thematic areas of Health; Education; Human rights and Governance; Economic Empowerment; Environment and Climate change; and Disaster Risk Reduction and Humanitarian Response. At present YPSA`s direct program interventions reach the Greater Chittagong Division including Chittagong Hill Tracts and part of the Dhaka and Sylhet division.

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