Project Accountant, CATALYZE, Sri Lanka Private Sector Development

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Last update: 10 days ago Last update: Jan 24, 2023


Deadline: Feb 24, 2023
Location: Sri Lanka Sri Lanka
Organization: The Palladium Group (HQ)
Sectors: Finance & Accounting Finance & Accounting
Job type: Contract, 12 months +
English English
Work experience: From 4 years
Date posted: Jan 24, 2023


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Project Overview and Role:

Palladium seeks a Project Accountant for the USAID/Sri Lanka Private Sector Development (PSD) Activity, a 5-year, $12 million buy-in program under USAID’s global CATALYZE Blended Finance Mechanism. PSD will strengthen MSME competitiveness in high-growth sectors that also have strong potential to effectively engage women as business owners and employees. Both directly and through business advisory service providers (BASPs), PSD will support MSMEs to access blended finance opportunities, generate demand, and more effectively engage women in their operations. The project will initially focus on five target sectors: tourism, information and communication technology, commercial care, apparel, and food processing. Given the overwhelming post impact of the COVID-19 pandemic on Sri Lankan local economy, PSD will also support economic relief to MSMEs to boost their long-term resilience and adaptation.

Primary Duties and Responsibilities:

The Project Accountant on CATALYZE PSD will report to the Director of Operations, Grants and Finance and will be responsible for the overall management of PSD’s finances.

Specific responsibilities of PSD’s Project Accountant include, but are not limited to:

Oversee implementation and ongoing adherence to Palladium’s finance and accounting procedures.
Track expenditures across various USAID funding streams.
Draft fund transfer requests to Home Office and monitor cash flow to ensure that fund requests are made in a timely manner.
Update the 12-month rolling forecast on a monthly basis and monitor costs relative to the monthly forecast and explain material variances.
Oversee management of PSD’s Sri Lankan bank accounts according to company policies and procedures and prepare monthly bank reconciliations.
Ensure that travel expense reports are duly completed by the country office staff on a timely basis, and travel advances provided are reconciled monthly.
Track vendor/subcontractor invoice submission, review for compliance with USAID cost principles, and ensure prompt payment.
Ensure that transactions are accurately documented and reported in the relevant systems in adherence to the palladium accounting procedures and policies.
Conduct spot checks, coordinate internal project audits, and support external project audits as required.
Oversee payroll for country office staff in compliance with Sri Lankan labor law.
Ensure income and withholdings tax payments are duly made to the relevant authorities, as well as any other applicable tax payments.
Ensure to maintain, manage and protect confidential information within the project.
Engage in effective and efficient communication with relevant managers, colleagues, vendors, and clients as required.
Assist in the preparation of quarterly/monthly expense accrual reports to Home Office
Provide timely and accurate financial reports to management and Home Office.
Collaborate with the Grants and Procurement teams to ensure grant milestones and deliverables are completed within the agreed deadlines.
Any other accounting, financial management and administrative tasks consistent with the overall scope of this position assigned by Director of Operations, Grants & Finance, Activity Team Lead and Project Management Unit.

Required Qualifications:

Formal higher education with aspects of financial management, accounting, business administration, or a relevant discipline.
4 years of additional experience may be accepted in lieu of the advanced university degree or 6 years of additional experience may be accepted in lieu of the Diploma in accounting/business management.
Demonstrated knowledge in financial reporting and taxation as per local labor laws.
Preferable experience in financial management in a finance role on a USAID-funded project with progressive responsibility.
Expert command and familiarity in Microsoft excel, MS Office and other relevant computer software.
Excellent interpersonal, leadership and proven organizational skills required.
Excellent English language communication skills

Company Overview:

About Palladium - Palladium is a global leader in the design, development and delivery of Positive Impact – the intentional creation of enduring social and economic value. We work with governments, businesses, and investors to solve the world's most pressing challenges. With a team of more than 3,000 employees operating in 90 plus countries and a global network of over 35,000 experts, we help improve economies, societies and, most importantly, people's lives.