Finance Officer (Budgeting and Reporting Officer)

Borderless NGO is an independent non-profit organization with a mission to create a life-changing impact on the lives of underprivileged children, youths, and women by harnessing the power of humanity across borders.

We are dedicated to inspiring and empowering individuals by linking them to skills and experiences from the global community. We believe that all individuals have the power to raise themselves out of any situation.

Borderless NGO is keen on providing all necessary tools to help eradicate the exploitation of children, youths, and women from underprivileged societies, save them from the traps of modern-day slavery, and equip them with the means for a better future. We are very much aware of the complex weave that is society; this is why we believe that our goals can only be achieved by extending our work to the entire community. Our goal is to strengthen entire communities by improving the existing socio-economic fabrics that will benefit everyone.

Objective of the Role:

The Finance Officer will be responsible for implementing budgeting and financial record-keeping procedures to ensure efficient coordination of various departmental, grant, and designated accounts. H/she maintains accurate information regarding the financial status of the cost center, advises the Director regarding financial decisions, and prepares a variety of operational and financial reports and spreadsheets. This position requires a keen attention to detail, strong analytical skills, and a commitment to the financial integrity of Borderless.

Essential Duties and Responsibilities:

• Participate in budget preparation for new proposals, grant applications, and budget revisions to ensure compliance with Borderless and donor guidelines. 
• Define and analyze project budgets to ensure that funds are used according to the funding contracts, and propose corrective actions if needed.
• Prepare HR trackers and running cost tracker for each approved budget and update it on a monthly basis.
• Administer and monitor extra-budgetary resources, including review of agreements and cost plans, ensuring compliance with regulations, rules, and established policies and procedures.
• Prepare fund requests and share them with the Director for review.
• Prepare accurate and timely financial reports for internal and external stakeholders.
• Ensure compliance with donor reporting requirements and deadlines.
• Analyze financial data to provide insights into the organization's financial performance.
• Collaborate with program teams to track and report on project-specific budgets.
• Ensure compliance with financial regulations, donor requirements, and organizational policies.
  • Conduct periodic internal audits to assess financial controls and recommend improvements.
  • Provide support during external audits, ensuring all necessary documentation is available.
  • Support strategic financial planning by providing insights and recommendations.
    • Contribute to the development of financial policies and procedures.
    • Assist in forecasting and cash flow management.

Competencies and Skills:

• Bachelor's degree in Finance, Accounting, or a related field.
  • Proven experience in financial management, budgeting, and reporting within the NGO or nonprofit sector.
  • Strong understanding of donor regulations and compliance requirements.
  • Proficiency in financial software and Microsoft Excel.
  • Excellent analytical and problem-solving skills.
  • Attention to detail and strong organizational skills.