Finance Officer

Organization Overview: WATAD (Watad for Social Stability) is a non-governmental and not-for-profit organization registered in Iraq under the number 1HD2203019, operating under law 12 for 2010. Committed to promoting the development of resilient, democratic communities, WATAD works tirelessly to enable inclusive, sustainable growth, foster free, peaceful, and self-reliant societies, and build human capital while creating social safety nets for the poorest and most vulnerable.

Motto: “Building Resilience and Fostering Growth”

Vision: To be a model Iraqi organization combining authenticity, creativity, and professionalism in the field of development and humanitarian aid.

Location: Dhi-Qar, Iraq

Job Description:

Position Overview: WATAD is seeking a detail-oriented and experienced Finance Officer to join our team in Dhi-Qar, Iraq. The Finance Officer will be responsible for managing financial transactions, budgeting, financial reporting, and ensuring compliance with organizational policies and donor requirements.

Key Responsibilities:

1. Financial Management: Oversee day-to-day financial operations, including accounts payable, accounts receivable, payroll processing, and bank reconciliations.

2. Budgeting and Forecasting: Assist in the preparation, monitoring, and revision of project budgets, ensuring accuracy, completeness, and compliance with donor regulations and organizational policies.

3. Financial Reporting: Prepare timely and accurate financial reports, including monthly, quarterly, and annual financial statements, variance analysis, and cash flow projections for internal and external stakeholders.

4. Grant Management: Monitor project expenditures and funding allocations, track donor contributions, and ensure proper documentation and reporting for grant-funded projects.

5. Audit and Compliance: Coordinate internal and external audits, provide support in audit preparation, respond to audit inquiries, and ensure compliance with organizational policies, accounting standards, and donor requirements.

6. Financial Controls: Develop and implement financial controls, policies, and procedures to safeguard assets, prevent fraud, and ensure transparency and accountability in financial transactions.

7. Capacity Building: Provide training and support to project staff and partners on financial management principles, budget monitoring, donor compliance, and financial reporting requirements.

8. Risk Management: Identify potential financial risks and challenges, propose mitigation strategies, and ensure adequate internal controls are in place to manage risks effectively.

9. Donor Reporting: Coordinate with program managers and project staff to ensure timely and accurate reporting to donors, including narrative and financial reports, grant proposals, and funding requests.

10. Ad-hoc Tasks: Undertake additional tasks and responsibilities as assigned by the Finance Manager or senior management team to support the overall financial management and operational effectiveness of the organization.

• Bachelor’s degree in accounting, finance, or related field.
• Minimum of 2 years of experience in financial management, accounting, or auditing, preferably in a non-profit or humanitarian organization.
• Strong understanding of financial principles, accounting standards, and donor regulations, with experience in budgeting, financial reporting, and grant management.
• Proficiency in accounting software and Microsoft Office applications, particularly Excel.
• Excellent analytical skills, attention to detail, and problem-solving abilities.
• Ability to work independently, manage multiple tasks, and meet deadlines in a fast-paced environment.
• Strong communication, interpersonal, and teamwork skills, with the ability to interact effectively with staff at all levels and external stakeholders.
• Fluency in English and Arabic (spoken and written) is required.

Interested candidates who meet the above qualifications are encouraged to submit their CV to info@watadiq.org, indicating “Finance Officer” in the subject line. Only shortlisted candidates will be contacted for interviews. We thank all applicants for their interest in joining our mission to build resilient and self-reliant communities.