Functional Role

The Finance and Compliance Manager is responsible for ensuring effective and efficient financial management, control, and compliance with donor and legal requirements. The role involves overseeing accounting, financial operations, audits, budget management, and compliance monitoring for all projects and activities undertaken by the organization. The position requires a keen understanding of Iraqi and international financial laws, regulations, and procedures.

Responsibilities:

1. Financial Management:

• Develop, implement, and maintain financial systems and policies that align with the organization’s strategic goals.
• Oversee the preparation of budgets, financial reports, and forecasts.
• Manage cash flow, oversee accounting operations, and ensure timely and accurate monthly, quarterly, and annual financial reporting.
• Coordinate with project teams to prepare donor-compliant budgets, monitor project expenses, and adjust forecasts as required.
• Monitor the organization’s financial position and make recommendations to improve financial efficiency.

2. Compliance and Risk Management:

• Ensure compliance with local and international donor regulations, policies, and guidelines.
• Oversee audits (internal and external) and ensure timely completion and implementation of audit recommendations.
• Develop, monitor, and improve risk management strategies, internal controls, and policies to prevent fraud and mismanagement.
• Conduct regular compliance reviews, provide training to staff, and ensure understanding of financial policies and procedures.

3. Reporting and Documentation:

• Review monthly ODOO transactions for accuracy and compliance in line with project’s GL codes, charge codes, and donor regulations and cost principles.
• Prepare periodic financial and compliance reports for donors, government authorities, and internal stakeholders.
• Ensure that accurate and up-to-date financial documentation is maintained for all projects.
• Serve as the primary point of contact for audits, ensuring timely responses and provision of required documentation.

4. Capacity Building:

• Provide training and support to finance and project staff on financial processes, compliance, budgeting, and donor regulations.
• Build capacity within the finance team to support organizational growth and sustainability.

5. Financial Planning and Analysis:

• Analyze financial performance, identify trends, and propose cost-effective solutions to improve financial stability and sustainability.
• Work with program teams to develop costings and budgets for new project proposals and grant applications.

6. Coordination and Collaboration:

• Collaborate with program and support teams to ensure integrated, compliant, and cost-effective financial management.
• Serve as a key liaison between the Ashor Iraqi Foundation and donors, government authorities, and partners on financial and compliance matters.

Qualifications & Competencies

Essential

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field; a Master’s degree or relevant professional certifications (CPA, ACCA) are highly desirable.
• Minimum of 5-7 years of experience in financial management, including at least 3 years in a managerial role.
• Demonstrated experience with donor-funded projects, including budget management and donor reporting (e.g., USAID, EU, UN).
• Strong knowledge of financial regulations, compliance practices, and accounting principles applicable in Iraq.
• Proven ability to manage audits, risk assessments, and compliance reviews.
• Excellent organizational, analytical, and problem-solving skills.
• Strong communication and interpersonal skills, with fluency in English and Arabic.

Application should contain the following attachment:

Curriculum Vitae ( PDF)

Two up to date and recent references required (write in CV).

Please submit your CV in English to [email protected] and with “Finance and Compliance Manager” in the subject line

The deadline is 27-Nov-2024, by 4:30 pm. Only short-listed applications will subsequently be called for interview. Incomplete applications will not be considered. The short-listed candidates will have to travel at their own expense to the place of recruitment. No compensation whatsoever will be given for transport or other.