Zambia Red Cross Society

Project Assistant Accountant

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Job Description

The Zambia Red Cross Society (ZRCS) is a Humanitarian Organization established in 1966 by an Act of Parliament CAP 307 of the laws of Zambia as an auxiliary institution that augments government efforts in humanitarian assistance. ZRCS is part of the International Red Cross movement known as International Federation of the Red Cross and Red Crescent Societies (IFRC). In line with its mandate, ZRCS works with various actors in collaboration with Government of Zambia in responding to both man-made and natural disasters. Zambia Red Cross Society is implementing an  ECHO project which is a new model for humanitarian action tarred towards  supporting local communities to prepare for, respond to, and recover from disasters subsequently protecting communities and helping them withstand future shocks, in order to effectively implement this project ZRCS hereby invites applications from suitable, qualified and experienced individuals  to fill the position of Project Assistant Accountant
Position:  Project Assistant Accountant
Reporting to: The Finance Manager
Work Place: Headquarters – Lusaka
Deployment Date:  June 2023
The Project Assistant Accountant shall report to the Finance Manager. He/She will provide support to the organization as it implements the strategic goals and objectives of Zambia Red Cross Society. He/She will provide financial support and will be responsible for capturing accounting information, prepare bank reconciliation statements and donor financial reports.
Financial Accounting and Management

Ensure that the financial accounting documents are produced and shared in a timely manner
Ensure monthly financial management and management accounting reports; are prepare and issued on a timely basis
Provide budget holders with support and explanation of the budget and  forecast planning process
Assist in the understanding of any variances between planned and unplanned income and expenditure;
Produce high quality analysis and interpretation of variances between budget / forecast and actual costs;
Support the external audit process and liaise with internal and external auditors.
Assist in the production of statutory reporting and accounts.
Ensure a comprehensive control system, including policies and reporting procedures, that confirms efficient financial performance are put in place for accurate and timely reporting to  senior management.
Ensure documentation submitted by field offices and programs is reviewed for accuracy and compliance prior to entry into Pastel.

Transaction processing and quality assurance

Ensure that all transactions relating to ECO project are timely intentered into the financial system.
Enter code systems as provided by Finance Manager to ensure project reporting is appropriate done.
Create controls and processes, aligned to the financial reporting system  and ZRCS’s policies and guidelines, to ensure legality and quality of all transactions and such that they are approved in line with donor and ZRCS policies.
Prepare and review monthly transactions listing for completeness and assurance and post required adjustments in a timely manner.
Reconcile all project balance sheet accounts every month.
Ensure the Finance Manager is assisted in tracking working advances and reviewing balances in deferred accounts.
Prepare and review monthly statement for the project.
Resolve and clear any historical outstanding balances. Ensure all transactions are supported by adequate documentation, SGs approval and that documentation is filed and retained in a traceable and suitable way.
Ensure all reversing transactions are adequately cleared on a timely manner. Ensure ZRCS’s internal and external deadlines are met.
Ensure that all accruals are reviewed periodically and settled especially before project closure.
Ensure all aspects of Contract Management System relating to finance are completed and consistent with the finance system

Reporting and analysis

Ensure that monthly reports are produced  as required by the project guidelines on a timely basis  Produce financial analysis as required by the project  to assist in decision-making
Produce financial risk-register to be reviewed on a monthly basis, and share key concerns with Finance Manager, and Director of Programs
Review, Produce and consolidate reports from project sites for donor reporting and internal management purposes as per required timelines.
Ensure that adequate documentation is available for review such as transaction listing from project areas on a monthly basis.
Ensuring adherence to donor schedule and internal management deadlines
Produce explanatory financial narrative for any reports as required.
Respond to donor questions regarding financials at any time and as required

Planning, start-up and closure

Ensure that  project budgets are coordinated and concerns raised by the donors are addressed in a mature manner.  Ensure maximum cost recovery, including overhead costs and levies on all projects
Develop reporting templates and other tools in line with donor requirements and the requirements of ZRCS’s finance system,
Ensure reports are generated from the system to in the desired format
Work with implementing staff to establish systems that are integrated and meet donor and audit requirements
Work with line managers to close out projects within the finance system and align the closeout to final donor reporting.
Ensure that a checklist for projects closure is prepared in consultation with project staff and line Managers.
Support in mid-term/periodic review and preparation of revised project budgets.
Ensure proposed changes in budget review  are in line with donor requirements

a) Degree in accoutnant
b) Full AAT, Natech, ACCA/CIMA Level II or equivalent, plus five (5) years’ experience in accounting, particularly in donor/grant-funded institutions.
c) Significant experience to one or more computerized accounting packages,
preferably QuickBooks, ACCPAC, or Pastel.

The ability to produce accurate financial report.
Excellent attention to detail
The ability to work to strict time constraints
The ability to prioritise work
An organised and methodical approach to a task
Strong written and oral communication
Analytical and problem solving skills
Systems analysis
Mathematical and deductive reasoning
Critical thinking
Proficiency with Microsoft Office Suite

To apply, kindly click on the link here.

Job Summary

Lusaka, Zambia Location
Contract Job Type
Salary Competitive Zambia Kwacha / Month
Zambia Red Cross Society

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