Terms of Reference

Hriti Foundation, is Karnali based organization on public policy, economic governance and federalism. To effectively manage and coordinate the activities of Hriti Foundation, we are seeking a qualified and experienced Finance Officer (Consultant) to join our team.

Objective:

The primary objective of this consultancy is to ensure documentation and management of financial resources. The Finance Documentation Consultant will be responsible for maintaining accurate financial records, preparing reports, and ensuring compliance with relevant financial regulations.

Scope of Work:

The Finance Officer will undertake the following tasks:

1. Collaborate with the project team to develop and implement financial procedures and systems for the research initiatives, ensuring transparency, accountability, and adherence to financial best practices.
2. Maintain comprehensive records of all financial transactions, including income, expenses, and budget allocations, by established accounting standards and organizational policies.
3. Prepare regular financial reports and provide timely and accurate information to project stakeholders.
4. Assist in the development of project budgets, including cost estimation, budget monitoring, and variance analysis, to ensure efficient utilization of financial resources.
5. Coordinate with project partners, vendors, and service providers to ensure timely payment processing and accurate documentation of financial transactions.
6. Conduct periodic financial audits and reviews to assess the effectiveness of internal controls, identify areas for improvement, and mitigate financial risks.

Qualifications and Experience:

The ideal candidate for the Finance Officer position should possess the following qualifications and experience:

1. Bachelor’s degree or higher in finance, accounting, business administration, or a related field.
2. Proven experience in financial management and documentation
3. Strong understanding of accounting principles, financial reporting standards, and compliance requirements, with the ability to apply them effectively in practical settings.
4. Proficiency in financial management software and tools, such as FinMan
5. Excellent analytical skills, attention to detail, and ability to work with complex financial data to extract meaningful insights and trends.
6. Effective communication and interpersonal skills, with the ability to collaborate with diverse stakeholders and work as part of a multidisciplinary team.
7. Familiarity with donor-funded projects, grant management processes, and financial regulations governing non-profit organizations would be an advantage.
8. Fluency in written and spoken English and Nepali, with the ability to prepare clear and concise financial reports and communicate effectively with project stakeholders.

Duration and Remuneration:

The consultancy contract for the Finance Officer will be for an initial period of 5 months, with the possibility of extension based on performance and funding availability. Remuneration will be commensurate with the candidate’s qualifications, experience, and the prevailing market rates for similar positions in Nepal.

Disclaimer:

Hriti Foundation reserve the right to modify or cancel the recruitment process at any stage without prior notice and will not be liable for any costs or expenses incurred by applicants in connection with their participation in the recruitment process.

This TOR outlines the key responsibilities, qualifications, and terms of engagement for the Finance Officer position. Applicants are encouraged to carefully review the TOR and ensure that they meet the eligibility criteria before applying.

Please submit your updated CV, scanned copy of citizenship and motivation letter why you are eligible for the required position by 25 June 2024 to [email protected] and copy to [email protected]

Hriti Foundation is strongly committed to providing a work environment that is free from all forms of harassment, discrimination, and inequity.  We recruit, employ, train, promote, and compensate our personnel without regard to race, age, sex, religion, national origin, color, creed, ancestry, citizenship, caste, ethnicity, regional identity, tribal identity, marital status, veteran status, disability, genetic information, gender identity, transgender status, sexual orientation, or any other personal characteristic protected by law or outlined by Hriti policy. Hriti acknowledges that these personal characteristics may differ in different contexts.