U.S. Embassy & Consulate in Nigeria Financial Analyst Jobs in Nigeria
U.S. Embassy & Consulate in Nigeria Financial Analyst Jobs in Nigeria
General Statement of Purpose of the Contract: The Financial Analyst (FA) performs reviews of financial terms and conditions on project agreements, project implementation orders, requisitions, contracts, purchase and delivery orders, and lease and grant agreements for compliance with applicable rules, regulations, and procedures relating to accounting and fund controls.
The FA provides professional financial guidance to USAID/Nigeria on a range of issues related to the financial management aspects of proposed activities; participates as a key member of the technical teams throughout the Program Cycle in activities such as periodic portfolio and/or project implementation reviews and procurement planning exercises.
The FA participates in the performance of various types of audits, financial reviews, pre-award assessments, control environment and risk assessments, cost effectiveness assessments, and closeout reviews.
The FA is responsible for conducting the annual review of the Mission’s internal control systems as required by the Federal Managers’ Financial Integrity Act (FMFIA) and participates in the assessment of partner country public financial management and
procurement systems. He/she is required to perform work related travels.
Statement of Duties to be Performed:
Financial Analysis and Advisory Services (50%)
The Financial Analyst:
Provides professional financial advice on a range of issues related to the financial management aspects of proposed activities, such as estimated costs and required budgets; internal controls; fiduciary risk management and compliance; and other issues.
Contributes to USAID’s decision and policy making process by providing recommendations and suggestions for improving operational efficiencies, financial management practices, and the accuracy of financial reporting.
Provides technical guidance on USG and USAID rules and regulations to the technical teams and implementing partners.
Prepares the financial aspects of project design and procurement planning documents, such as budgets and financial plans for Implementation Letters, Grant
Agreements, and other relevant implementing mechanisms.
Assists activity managers in development of appropriate payment procedures in accordance with project implementation requirements.
Audits, Pre-award assessments, Financial and Compliance Reviews, Internal Control Assessment (40 %)
The Financial Analyst:
Is responsible for ensuring compliance with USAID audit requirements for all contracts, grants,
and cooperative agreements. He/she prepares and maintains the Mission’s audit inventory, which
includes following-up on the receipt of audits from contracted audit firms, and also involves tracking the progress of open recommendations, and developing the annual audit management plan.
Establishes and monitors the non-federal audit program for IPs based outside the United States.
When required, requests and reviews copies of those audit reports evaluating any findings that may
have an impact on the implementation of technical teams’ activities.
Follows up on the audit process until the final audit report is accepted and issued by RIG/Pretoria.
This involves working closely with implementing partners, auditors and RIG/Pretoria to provide required support and guidance. This also entails drafting the scopes of work and reviewing final
reports for each audit. He/she updates aid recipients on OIG approved eligible audit firms and
provides new guidance on audit requirements to recipients and the firms that audit them.
Updates the Mission on the status of audits and recommendations. He/she notifies all relevant
parties inside and outside the Mission of the initiation and completion of required audits to ensure proper participation in entrance and exit conferences.
Serves as the Mission contact and subject matter expert on technical questions arising in the
course of audits regarding USAID regulations and procedures. This includes attending entrance,
mid-term and exit conferences with all parties related to audits.
Coordinates correspondence with all stakeholders inside and outside the Mission, including senior management in the Mission and at Agency Headquarters in Washington, regarding all aspects of audit procedures from initiation to closure.
Public Financial Management and Capacity Building (10%)
The Financial Analyst:
Participates in (a) rapid appraisals of host country systems; (b) assessments on public financial
management and procurement systems; (c) host country contracting and/or financial management capability assessments as a precondition to award approvals and contracting capability certifications; (d) Host country and donor discussions on public financial management, procurement and other related forums.
Advises Mission management on the reliability of host country systems, and the effectiveness of
the underlying internal control; advise Mission management on weaknesses and possible recommendations. He/she identifies or coordinates the capacity building needs endorsed and/or determined from assessments conducted on the Host Government Agencies, both at the National and Local Levels, develops an Action Plan or a SOW to address those, and oversees implementation.
Participates, in conjunction with assessments conducted, in the conduct of relevant FM training
and technical assistance to the Host Country entity, aimed at strengthening internal controls and management systems; and at building the capacity of NGOs and Host Country Government
Implementing Agencies.
Minimum Qualifications Required for This Position
Education:
A Bachelor’s degree or local equivalent in accounting, auditing, finance, or business administration is required.
In addition, one of the following professional certifications is required: Certified Public Accountant (CPA), Associate Chartered Accountant (ACA), Association of Chartered Certified Accountant (ACCA) or Certified National Accountant (CNA) is required.
Prior Work Experience:
A minimum of five years of progressively responsible experience in accounting, auditing, or financial management is required.
Experience must include at least three years of audit experience with an accounting firm is required.
Language Proficiency:
Level 4 English ability in speaking, reading, and writing is required.
Job Knowledge:
A thorough knowledge and understanding of professional accounting principles, theories, practices and terminology (private sector, governmental, and non-profit) is required.
A thorough knowledge and understanding of generally accepted accounting principles (GAAP) and generally accepted auditing standards (GAAS); principles and accepted practices of Nigeria governmental and business institutions with regards to finance, accounting, budgeting and reporting; as well as governmental and not-for-profit accounting,
budgeting and reporting are required.
The incumbent will be expected to gain a thorough knowledge of laws, regulations, and
procedures associated with U.S. government financial management project design, management project design, management and evaluation
Skills and Abilities:
Excellent interpersonal skills are required, as the incumbent will frequently be working with the officials and staff of IPs and others who may be unfamiliar with U.S. government’s programming and budgeting process.
The incumbent must have solid verbal communication skills. Excellent writing skills are required in order to prepare regular audit reports to the Regional Inspector General of USAID.
The ability to work effectively in team environment, and to achieve consensus on policy, program/project, and administrative matters is required.
Have an ability to master the use of Agency-specific accounting and reporting software effectively understand and process the systems and data that form the heart of the task performed in this position
How to Apply
For more information and job application details, see; U.S. Embassy & Consulate in Nigeria Financial Analyst Jobs in Nigeria
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