Senior Finance Officer

Senior Finance Officer

Job Type: Full-time

Duration: One year with possibility of extension

Salary: NPR 75000 (Gross; Negotiable)

About the Organization

Youth Innovation Lab (YI-Lab) is a not-for-profit civic tech company that works at the intersection of emerging cutting-edge technological tools and their applications by equipping young professionals to solve emerging challenges in our community. YI-Lab’s mission statement is, ‘to engage young people to bridge science to people and policy through innovation’. YI-Lab harnesses indigenous knowledge, citizen science approach, develops low-cost technological solutions, promotes open data, promotes entrepreneurship, and conducts evidence-based advocacy campaigns. YI-Lab provides a conducive environment for young people to co-create solutions for inclusive development.

Required Qualifications

• Bachelor’s degree (preferably master’s degree) in Finance, Accounting, or relevant field least three years of working experience in non-profit organization/NGOs/INGOs and managing financial management of projects funded by EU/USAID and similar donors would be additional strengthens;
• Should have proficiency of using accounting and financial management software (e.g., FAMAS, Tally, Swastik);
• Ability to adapt and learn new software;
• Sound technical skills, analytical ability, good judgment, attention to details and accuracy, and strong operational focus; and Proficiency in written and verbal communication skills in English and Nepali.

Key Duties and Responsibilities

• Implement effective financial internal control systems to ensure YI-Lab and donor’s compliances and regulations;
• Ensuring bank and party, petty cash reconciliation;
• Producing a budget v/s actual report for each of the running project on a monthly basis;
• Ensuring the organization is compliant to Tax Laws;
• Preparing and disseminating periodic financial reports to YI-Lab management and donors;
• Ensuring with project approval work and the annual organization renew work;
• Coordinate with project members in ensuring financial compliances of YI-Lab, donors, government agencies (SWC, tax offices);
• Supervising procurement process;
• Preparing cash flow projections for the organization;
• Developing projected budget for the fiscal year for the organization;
• Taking responsibility of asset and property protection and management, and apply measures accordingly;
• Conducting regular cash flow analysis;
• Identifying and resolving accounting discrepancies and other financial related issues;
• Responsible for accurate and timely processing of invoices, advances and reimbursements, timely deposit of cash receipts, checks, and wire transfer payments;
• Following and maintaining procedures to ensure accurate and timely payment of travel advances, reimbursements for staff and partner travel;
• Coordinating with project lead for tracking budgeted activities in monthly basis;
• Monitor, supervise, and advise YI-Lab’s partners and sub-grantees to ensure donors compliances and requirements;
• Conduct field visit and partners office for financial monitoring and submit report to Project lead and YI-Lab management;
• Supporting in the preparation of internal and external financial audits; and
• Working with project members to develop financial proposal.

We promote workforce diversity and highly encourage all the interested applicants, especially youth and young professionals including those who identify as women and indigenous community members/minority caste groups, to apply.

We are having interviews on a rolling basis, and encourage interested candidates to apply as soon as possible. Only shortlisted candidates will be called for an interview.

! Due to high application volume, only shortlisted candidates will be contacted within one week of the deadline. If you don’t hear from us by then, consider your application unsuccessful.

Deadline for Application Submission

31st January 2025

Applying Procedure

Please click on Apply Now button to submit your application. For more information on Youth Innovation Lab, please visit https://youthinnovationlab.org and if you have any inquiries, please contact at info@youthinnovationlab.org

Apply Now