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Finance Manager
2 weeks ago
**Company Description**:
**Education Development Center (EDC)** is a global nonprofit that advances lasting solutions to improve education, promote health, and expand economic opportunity. Since 1958, we have been a leader in designing, implementing, and evaluating powerful and innovative programs in more than 80 countries around the world.
EDC promotes equity and access to high quality education and health services and products that contribute to thriving communities where people from diverse backgrounds learn, live, and work together. We support an inclusive workplace culture that embraces many perspectives and broadens our understanding of the communities we serve, enhancing and enriching our work.
**Project Description**
The purpose of the five-year, $85 million, USAID Partnerships for Educational Progress (Partnerships) Activity is to strengthen the higher education system to address Egypt’s development priorities. Through partnerships with the Ministry of Higher Education and Scientific Research (MOHESR), Egyptian higher education institutions (HEIs), and the private sector, the Partnerships Activity will accelerate the MOHESR’s vision to transform Egypt’s public HEIs into world class, market-relevant centers of learning that prepare and connect Egyptian students to the workforce.
The activity will achieve this purpose through the following three results:
- Higher education entities strategically plan, manage, and monitor an effective higher education system;
- HEIs deliver high-quality, inclusive, market-relevant, interdisciplinary education that facilitates graduates’ employability; and
- HEI campuses provide inclusive access to a modern environment equipped with new technologies and scientific resources.
**Position Description**
The Finance Manager reports to the Chief of Party and will provide overall technical and administrative leadership in the areas of financial management, including financial management of all subawards for the Partnerships activity. General responsibilities will include accounts payable, cost allocation, quarterly reporting, payroll, budget preparation, subaward management, and tracking support. In addition, the Finance Manager will be responsible for setting up, managing, and providing technical assistance related to the sub-awarding components of the Partnerships activity. They will ensure that all financial and subaward management and reporting are compliant with USAID subaward management and financial management regulations.
- Responsibilities include, but are not limited to:_
- Direct and support the Finance and Operations staff to manage all financial and operational issues of the project, to develop effective procedures, increase efficiency and provide the means to accomplish project goals;
- Provide oversight for the day
- to-day financial operations of the project office;
- Monitor project spending, including quarterly analysis to identify over or under spending, bring any issues to the attention of the Chief of Party for action;
- Monitor advances to employees and ensure timely liquidation bringing any issues to the attention of the Chief of Party for action;
- Ensure timely preparation and submission of statutory returns, reports and tax compliance;
- Ensure all employees and vendors are vetted according to EDC policies;
- Serve as a liaison with EDC Home Office Accounting to facilitate financial management processes including contributing to preparation of cost to complete projections, providing guidance and oversight on project financial management, and participating as appropriate, in resolution of financial issues;
- Model standards of accuracy, timeliness and adherence to policies and guidelines that enables others to perform with due diligence;
- Ensure compliance and adherence to donor regulations and procedures including maintenance of internal controls, accountability of EDC resources for all financial and operational issues;
- Manage with support from EDC’s Director of Corporate Compliance any external financial audits and ensures that management responses to internal financial reviews are implemented timely;
- Oversee work of project accounting team to ensure timely and accurate submission of monthly transaction reporting to the Home Office, including preparation of wire transfer requests; and
- Keep track of accruals and commitments and provide up-to-date reports as needed.
**Management**
- Mentor local personnel to develop capacity of staff, including provision of regular feedback and training;
- Supervise work of project accountants to ensure timely and accurate submission of monthly field transaction reporting to the home office;
- Manage finance, accounting, logistics, and procurement staff in Cairo and zonal offices;
- Ensure that finance and operations staff work smoothly with technical teams to accomplish project goals in a manner consistent with policies and procedures; models collaboration with technical leaders;
- In consult
