Finance Officer (Accountant) At Magenta FZE

Finance Officer

Location:

Based in Islamabad, Pakistan, with business travel on a need basis (Overseas travel should be expected for up to 30% of time)

Reporting Manager:

Director, Commercial and Finance

Start date:

1 Aug 2023

Duration:

Permanent

Type:

Fixed Term Grade 2

Remuneration:

$700-1,100 per month, depending on level of experience and qualifications, plus benefits.

Application Deadline:

20 June 2023

Work Permissions:

Must have legal permission to work in Pakistan

MAGENTA is a leading Social and Behavioural Change (SBC) agency that specialises in understanding human decision-making processes in order to design solutions for relevant and impactful solutions to some of the most challenging problems of our time. We implement programmes across the Middle East, Africa, Asia, Latin America and The Caribbean using the latest in behavioural science principles and a rigorous approach to research, strategy, campaign design and implementation. Our clients include UN agencies, INGOs, governments and the private sector. Whether we are aiming to shift parenting practices to improve children’s outcomes or to understand how social norms underpin corruption, we always go the extra mile to ensure we can create positive impact for some of the most underserved populations in the world.

We are looking for exceptional individuals, driven by a keen desire to deliver social impact and who thrive in fast-paced environment. In return, we offer a strong mentoring and exceptional growth possibilities within an expanding team.

Primary responsibilities of Finance Officer are the following: accounting, budgeting, financial management and payroll management

RESPONSIBILITIES

The Finance Officer will be responsible for the day-to-day tasks, providing management with financial information/reports and ensuring bookkeeping is in order. Typical tasks include:

• Financial Review of payments ensuring complete and accurate supporting documentation: invoices, receipts, proof of payment, procurement docs, and or contracts, etc. according to MAGENTA procedures.
• Prepare wire transfer requests based on fully approved documents and present to review and approval.
• Record financial transactions in the ERP system (Dynamics 365 Business Central).
• Support on financial record reconciliations of expenditures, balances, statements, and other day-to-day transactions
• Verify accuracy of all transactions and assure proper allocation of expenditures to expense categories; including the allocation of indirect costs and benefits to their relevant projects/awards in line with policy.
• Maintain records and receipts for all transactions.
• Follow up on AR and AP aging reports.
• Support in preparing the month end report and reconciling all related accounts.
• Perform monthly Bank reconciliations and make sure no outstanding transaction.
• Monitor cash and company card balances and prepare transfer between accounts and make sure petty cash and card balance within amounts as cash management policy.
• Ensure the implementation of MAGENTA policies and procedures.
• Assist in the preparation of the monthly payroll based on information provided
• Contribute to financial audits, Internal, External and Tax.
• Support in creation and tracking of Assets on the ERP system (Dynamics 365 Business Central).
• Perform other relative tasks assigned by the Commercial & Finance Director.

Reporting and Analysis

• Assist the Director, Commercial and Finance in preparing financial reports in an accurate and timely manner; clearly communicating monthly and annual financial statements; collate financial reporting materials for all donor segments
• Support in coordinating the annual external audit process, donor related audits and any internal audits as necessary. Liaising with external auditors and the finance committee of the board of directors; assess any changes necessary.
• Monitor and report on organizational cashflow and forecasting.
• Assist in compliance, timely submission, and payment of Tax related items such as VAT and Corporate Income Tax

REQUIREMENTS

Education:

• Bachelor’s degree in accounting, finance

Experience:

• 1-3 years professional experience;
• Experience in the Finance Department of an international NGO/ for profit development organisation is preferred.
• Excellent written and spoken English.
• Technological and software fluency, include Office 365. Fluency in Dynamics 365 Business Central is a plus.
• Experience in USG regulations and award financial procedures is a plus.

COMPETENCIES

The following are key competencies required for this position.

• Accountability
• Integrity
• Critical thinking

CULTURAL FIT

• Demonstrated adherence to MAGENTA’s core values: Authenticity, Transparency, Curiosity and Innovation;
• Willingness to live, work and travel in developing/post-crisis settings;
• Good sense of humour, personable and demonstrated ability to build networks;
• Entrepreneurial spirit and willingness to get hands dirty;

WORKING CONDITIONS

• MAGENTA has a flexible working policy which promotes periods of remote working in the year

MAGENTA is committed to creating a diverse work environment. All qualified applicants will receive consideration for employment without regard to race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, or age.