Reporting directly to the Finance Coordinator, the Senior Finance Reporting & Budgeting Officer ensures that all budgets, reports, and financial processes meet both donor requirements and IR financial standards. The role also supports audit readiness, liquidity management, and the financial closure of projects.
Key Responsibilities
1. Budgeting & Financial Planning
- Lead and review new project budgets to ensure alignment with donor and IR financial standards.
- Lead and review project proposals and narrative budgets for financial accuracy and compliance.
- Support the Finance Coordinator in the preparation, review, and follow-up of new budgets.
- Assist in preparing annual office budgets, revisions, and reforecasts.
- Ensure budgets are realistic, compliant with donor guidelines, and aligned with IR internal policies.
- Monitor budget utilization and provide detailed variance analysis to management.
- Maintain accurate and up-to-date project budget tracking sheets.
2. Donor & Internal Financial Reporting
- Prepare accurate donor financial reports in accordance with donor requirements and reporting timelines.
- Maintain and update the project financial reporting schedule for all active grants.
- Reconcile donor reports with accounting records to ensure accuracy and completeness.
- Verify that expenses are charged to the correct category and budget line before report submission.
- Prepare project liquidation sheets and ensure supporting documentation meets donor audit standards.
- Support the preparation of monthly fund utilization and project closure reports.
- Ensure all project files are updated and complete with relevant financial documents and donor correspondence.
- Lead and follow up with field offices to ensure timely submission of reports and financial documentation.
3. Cash Flow & Liquidity Management
- Lead and follow up on the Country Office liquidity position and report cash needs timely.
- Support the Finance Coordinator in maintaining and updating the project fund summary and cash flow forecast.
- Lead and follow up on Preparing and processing the field office fund requests in line with approved cash flow plans.
- Ensure fund transfers align with project timelines and expenditure forecasts.
- Lead and support in monthly financial closure processes, ensuring accurate reconciliations and adjustments.
- Lead and support in preparing the schedules, reconciliations, and supporting documentation for month-end and year-end closings.
- Prepare the fund utilization and management reports for review.
- Support in audit preparation, including collecting related required financial documentations.
4. Monthly Closure & Audit Support
5. Other Duties
- Ensure continuous compliance with IRW financial policies, procedures, and donor regulations.
- Support capacity-building efforts for finance and non-finance staff in budgeting and reporting processes.
- Participate in process improvement initiatives related to financial management and reporting systems.
- Perform any other related duties assigned by the line manager to ensure efficient operation of the finance department.