Latest Recruitment at the Federal Ministry of Agriculture and Rural Development

• We request Applications for the Position of State Project Accountant for the Ondo State Project Coordinating Office of the Livelihood Improvement Family Enterprises in the Niger Delta (LIFE-ND) Project

Main Responsibilities

• Within the framework of the project design report and loan/grant agreements, the State Project Accountant is responsible for the financial and administrative management of the project at the state level, including accounting, budgeting, financial reporting, internal controls, auditing arrangement, flow of funds and the efficient management of project resources.

Specific Duties

• Master IFAD key documents such as, the disbursement handbook, procurement guidelines and handbook, IFAD guidelines for project audits, the Financing Agreement (FA) and the Letter to the Borrower (LTB) as well as the Project Financial Procedures Manual.
• Draw up annual budgets and work plans for the SPCO.
• Ensure that all accounting records are maintained in line with approved accounting standards and in line with the IFAD requirements (IPSAS Cash)
• Ensure that monthly bank reconciliation statements are prepared for all bank accounts at the state level
• Ensure strict adherence to installed internal control systems for all areas of project operation in accordance with the project financial procedures manual.
• Liaise with the internal/external auditors and follow up any audit queries/management letters.
• Ensure payments are executed in a timely manner and that appropriate records of prepayments and advances are maintained.
• Make sure all expenditure items:
  • Meet the eligibility criteria as defined in the IFAD Financing Agreement
  • Are supported by adequate documentation (invoice, contracts, evidence of pay- ments etc.).
• Ensure the timely preparation of quarterly and annual financial reports in agreed format including:
  • • Sources and uses of funds statement, including incurred expenditures by component, expen- diture category and financier,
    • Variance report (actual versus budgeted expenditures),
    • Designated account reconciliation statement
    • Withdrawal application statement of expenditure
    • Fixed asset register
    • Contract register for submission to the LNDCO for consolidation.
• Perform physical inventory of project assets each year at the state level.
• Provide assistance to the external auditors as required.
• Undertake other duties/special assignments as may be directed by the SPC or the Project Financial Controller at the LNDCO.

Reporting and Location:

• The position will be in Akure and Ondo State SPCO. The SPA will report directly to the SPC.