Finance Coordinator
Norwegian Refugee Council (NRC)
Total years of experience :8 years, 10 Months
- Supervise day-to-day accounting and recording of financial transactions and implement internal control policies and procedures of NRC.
-Responsible for monthly closing balance reconciliation sheet (BRS) within the stipulated period, reconciling monthly contra accounts with other NRC countries and HQ, and running exchange rate revaluation before monthly closing.
-Responsible for a fair shared model cost allocation and posting on monthly basis.
-Posting national staff salaries and monitoring salary allocation packages with salary distribution tools and reviewing the income tax before processing the payment to the government.
-Clearing internal project IQFX0000 and Pool project IQFP0000 on monthly basis.
-Allocate international staff salaries program and support based on the budget availability
-Focal point between the country office and field finance teams for supporting any financial matters.
-Follow up and review downstream partners’ financial reports.
-Liaison with bank officials to resolve the problem to facilitate improved services.
-Submit the updated local currency exchange rate every Thursday to the chief of head accountant HO.
-Provide project codes and verify PRs and POs according to the updated authorization table.
-Support NRC compliance staff with any supporting documents required by auditors.
-Finance verification and ensure that all procurements, payments, and other transactions are in line with donor financial guidelines for procurement, accounting, and reporting.
-Follow up BMT/BVA on weekly basis and provide Budget vs Actual variance analysis to the budget holders on monthly basis by highlighting major variances and risk areas.
-Preparing trial balance on yearly basis for the external auditor E&Y firm audit company.
-Prepare financial reports for the DNGO (Directorate Non-government organization) on yearly basis.
-Responsible and Lead year-end closing
-Closing projects in multi-currencies (locally funded and Oslo funded) and fiscal year.
-Oversee all regular accounting functions for operating and activities, including supervision of staff performing the daily accounting functions; monthly, quarterly, and annual closing of the general ledger.
Strategic Financial Management:
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Handled day-to-day accounting operations with a focus on maintaining strict adherence to internal control policies and procedures
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Implemented and maintained a fair shared cost allocation model, facilitating accurate monthly cost allocations across projects.
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Conduct comprehensive reviews before salary disbursements and allocation to project budgets. Allocated national and international staff salary packages based on program/support budgets, aligning with budgetary constraints.
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Worked closely with area and regional finance teams, helping as a financial liaison to ensure smooth coordination and communication.
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Conducted thorough reviews of financial reports from downstream partners (IP), facilitating compliance and adherence to financial guidelines.
Collaboration with Admin, HR, Log, and IT Sections:
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Collaborated closely with area finance teams to ensure seamless financial coordination and compliance across multiple projects.
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Established strong relationships with bank officials, addressing issues and optimizing banking services to support operational needs.
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Led year-end closing procedures, managing projects across multi-currencies and fiscal years, ensuring accurate financial reporting and audit readiness.
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Liaised with Administration, HR, and Logistics teams to facilitate the payment process and ensure seamless execution of finance-related tasks.
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Collaborated closely with other departments to gather necessary information and documentation for financial transactions and reporting.
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Provide project codes and approve purchase requisitions according to the updated authorization table. ensuring all procurements, payments, and transactions are aligned with donor financial guidelines and reporting requirements.
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Provided support and guidance to colleagues in different functions to ensure compliance with financial policies and procedures.
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Implement and maintain internal control procedures to safeguard assets and ensure compliance with NRC policies and procedures.
Financial Reporting /Audit and Compliance:
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Conducted systematic and timely reconciliations during monthly closing, ensuring accurate alignment of accounting processes with other NRC country offices and head office.
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Prepared and presented the budget monitoring analyses to the program team, highlighting significant variances and potential risk areas.
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Supported compliance efforts, providing necessary documents and support during audits to ensure adherence to donor financial guidelines.
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Preparing trial balance on a yearly basis for the external audit firm company.
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Prepare financial reports for the DNGO (Directorate Non-government Organization) on a yearly basis.
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Supervised daily accounting functions and the monthly, quarterly, and annual closing of general ledgers, ensuring the accuracy and completeness of financial records.
Financial Analysis and Business Plan Development: Developed a comprehensive business plan for a fictional startup company as part of an entrepreneurship course. Conducted financial analysis, market research, and feasibility studies. The plan received top honors in a business plan competition at the university.