eSewa Fonepay Pvt. Ltd. Is looking for a part-time position to work with its investment partner. The service provider will establish financial control mechanism to record and verify project expenses. Selected firm/individual will work with the donor Fund Internal Auditor and will report to donor Fund Manager
- Establish prudent processes and procedures to record project expenses
- Develop an internal control mechanism for eSewa using available internal resources
- Review the internal accounting/financial policies, identify any areas that need to be amended for the project and ensure that eSewa’s internal policies/processes adequately cover all the project activities
- Orient and train the staff involved in managing finance to ensure they are following the agreed accounting system to be used for the project expenditure
- Perform periodic audits including risk management and control management over the Challenge Fund Investment Partner’s effectiveness, check financial reliability and compliance of investment partner returns to all applicable directives and regulations. Reports of audits should be directly submitted to the Challenge Fund Manager highlighting the key issues and recommended course of action
- Assess the progress made by eSewa to comply with the approval conditions/ remarks given and where necessary suggest the technical interventions needed from the investment partner
- Evaluate eSewa’s accounting documentations in their relevant premises and submit the certified expense report to the Challenge Fund Manager on monthly basis
- Certify the funds to be released by the investment partner to eSewa that comply with the grant approval conditions
- Give independent advice and objectivity to ensure validity of claims; access achievement of pre-determined milestones
- Identify potential improvement area in the process and recommend risk aversion measures; as well as cost savings to maintain value for money
- Conduct follow up audits to monitor recommended interventions with investment partner
- Additional responsibilities to the service provider may be assigned that may be deemed necessary during the implementation of the project
Reporting: The Service Provider will report to the Challenge Fund Manager of the investment partner
Deliverables:
- Documented project accounting mechanism, financial control system, and policy addendums to eSewa’s existing policies
- A detailed guideline to eSewa on recording project expenses
- Monthly Report on partner audit highlighting progress, eligible project expenses, and management letter on audit issues
- Quarterly Certification of project expenses
Eligible Applicants:
Legally incorporated entities or individuals fulfilling the following Minimum Qualifications are eligible to apply. Entities applying to the position should provide the details of staff, proposed to be employed