Question

What experience or knowledge is required to do be a Financial assistant?

Answer 1

Answer on Question #43999 – Economics - Finance

What experience or knowledge is required to be a Financial assistant?

Solution

Financial Assistant

This position requires someone who has certified accounting experience and knowledge on budgeting and financial planning of co-funded projects.

Requirements:

- Bachelor's degree in Accounting or Finance.

- Two or more years' experience in financial planning or accounting.

- Two- year long working experience as an assistant Accountant.

- Knowledge in the project management of co-funded programs (EU, EFTA) would be considered an asset.

- Proficiency in Excel (knowledge of advanced functions) and accounting standards.

- Appropriate working knowledge in English.

Overall duties/ tasks/ responsibilities:

- Backing the Financial Responsible for the collection and checking of beneficiary organizations' financial reporting.

- Validation of assigned projects' eligible costs and expenses in accordance with the Donor and IOM regulations and procedures.

- Assistance to the Financial Responsible in monitoring budget versus actual financial data in relation to implementation of the Projects.

- Build a financial model for the effective monitoring of the eligible costs and expenses.

- Gather the information necessary to project revenues and eligible costs and expenses.

- Maintenance of the various projects' financial files and ensuring all necessary documents are filled.

- Ability to make relevant reports and provide financial support to team members.

- Close cooperation with other finance staff (SOAM Management Unit, Administrative and Accounting Officer) and staff with no financial background.

More in specific, the Financial Assistant is expected to:

- Stay informed of issues and plans that may affect the financial status of all assigned projects.

- Work closely with the Programme Coordinator, the Financial Responsible and the beneficiary organizations to ensure smooth operation of all finance matters.

- Help the Programme Coordinator and the Financial Assistant to keep on track financially by providing appropriate, clear, and timely, financial information and business recommendations.

- Participate proactively in financial management of assigned projects, taking responsibility for the communication of important financial information to the Programme Coordinator.

- Maintain good working relationships with other staff interior and exterior to IOM that interact with assigned projects.

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