Junior Finance Officer

Junior Finance Officer

The international development division of World Learning has an immediate
opening for a Junior Finance Officer. World Learning is a 75-year-old
global non-profit with operations in 77 countries. Through its
award-winning international education programs. The Experiment in
International Living, the School for International Training (SIT) and SIT
Study Abroad World Learning fosters global citizenship by connecting
over 3,000 young ambassadors annually across cultural differences and
social barriers. Through its International Development program, World
Learning practices what it teaches, undertaking community-driven
international development, training and exchange projects in sixteen
countries. For more information visit www.worldlearning.org


Position Title: Junior Finance Officer
Reports To: Managing Senior Finance Officer
Location: Washington, D.C.

Job Purpose: Be financial point person for a medium size project
portfolio and oversee financial aspects of awards from the proposal stage
to closeout stage, including financial reporting to donors and internal
stakeholders, developing and modifying budgets, reviewing project
expenditures and responding to questions from external auditors.

Key Responsibilities:

Portfolio Management
 Prepare all Journal Entries for projects under management and
ensure they are correctly posted in accounting system and filed for
adequate audit trail, including payroll journals, field expense report
journals and escort expense report journal.
 Prepare project specific payment vouchers and ensure they are
correctly processed in accounting system and filed for adequate audit
trail.
 For projects with participants, ensure various participant
payments are entered in accounting system, checks are issued on time and
per approved schedule.
 Receive, review and process wire transfer requests from field
offices and sub-recipients.
 Reconcile or review reconciliation of bank statements, petty
cash, advance and other accounts with general ledger to ensure safety of
World Learning’s assets.
 Review or prepare various financial reports for external donors
and internal stakeholders. Provide feedback and analysis to counterparts
in program departments and field colleagues on areas with significant
over/under spending.
 Maintain financial systems up-to-date with correct chart of
account and other relevant data.
 Track required cost-share and notify appropriate program
departments if World Learning is at risk of not meeting its legal
cost-share requirements.
 Liaise with sub-awardees to ensure timely reporting, funding and
compliance, including follow-up on status of their audit report.
 Prepare closeout documentation for projects under management in
accordance with US Govt. regulations and internal World Learning
procedures.

Audit and Compliance
 Review paperwork for all expenditures and ensure compliance as
defined by U.S. Govt. and other donors.
 Maintain audit files with all relevant documentation, including
proposal, budget, budget narrative, agreement, formal communication with
donor, agreement modifications, pre-approvals, financial reports,
sub-award documents and other relevant paperwork.
 Ensure all documents are readily accessible in a timely manner
during the A133 audit process. Assist Finance Director and Managing Senior
Finance Officer in responding to audit inquiries to eliminate any possible
disallowed costs.

Other Financial Management
 Work with Corporate Finance Manager on an annual/monthly basis
to ensure accurate budgeting and re-forecasting of International
Development Program’s financial targets, including portfolio revenue and
its contribution to the change in net assets.
 Stay up-to-date with U.S. Govt. regulations on cost principles
and audit. Participate in relevant capacity building events to enhance
understanding of applicable federal regulations.
 Assist Senior Finance Officer and Finance Officer in their
tasks, including budget and SF424 preparation.
 Perform other duties as assigned

Required Qualifications:
• Bachelors or Masters degree in accounting, finance,
international business or related field
• 0-2 years of US Govt. grant or contract financial management
experience
• Ability to manage and prioritize multiple concurrent initiatives
• Excellent oral and written communication skills;
• Proficiency in using MSWord, Excel, and Power Point
• Excellent organizational skills with a willingness to assume
responsibilities and take initiative; ability to be a team player

Desired Qualifications:
• Certified Public Accountant (CPA) or other professional
accreditation is a plus
• Experience with budget preparation using Excel
• Previous experience with Federal Regulations is a plus

Interested persons should submit a cover letter (stating current salary)
and resume by e-mail soonest possible to: recruitment@worldlearning.org
Applications without salary information will not be considered. All
applicants must have the legal status to work in the United States.
Closing date: 5pm March 19, 2010. Please reference the position title in
the subject line. While World Learning would like to graciously thank all
applicants for their interest and responses, only applicants who meet all
requisite criteria and are short listed will be contacted. No phone calls
please. Thank you.