Principal Accountant, Budget & Treasury at Economic Community of West African States (ECOWAS)

The Economic Community of West African States (ECOWAS) is a regional group of fifteen West African countries. Founded on 28 May 1975, with the signing of the Treaty of Lagos, its mission is to promote economic integration across the region.

We are recruiting to fill the position below:

Job Title: Principal Accountant, Budget & Treasury

Job Code: 20000489
Location: Abuja
Grade: P5
Department: Internal Services
Directorate: Budget & Treasury
Division: Budget & Treasury
Line Supervisor: Director - Budget & Treasury
Supervising: Accountant, Cash & Bank & Accountant, Budget

Role Overview

• Under the direct supervision of the Director of Budget & Treasury, the Principal Accountant (Budget & Treasury Management) has responsibility for coordinating, formulating, and executing programmes and plans aimed at the proper management of the Community and Commission’s budget.
• This position holder is also responsible for managing funds (treasury) of the Commission and all its banking relationships.

Role and Responsibilities

• Supervise and oversee the preparation of Annual Budget Circular for the ECOWAS Community, Annual Budget for the ECOWAS Commission, and the Consolidated Budget of the ECOWAS Community.
• Supervise the preparation of Budgetary Control Statements & Reports for circulation to management.
• Coordinate, analyse and review Medium-Term Expenditure Framework (MTEF) proposals submitted by Institutions, Departments, Agencies & Offices.
• Ensure effective and efficient management, monitoring, and control of the budgetary allotments and effecting redeployment of funds as and when required in accordance with ECOWAS Financial Regulations.
• Supervise and oversee the timely preparation of quarterly cash flow projections, monthly bank balances and related reports.
• Manage all cash management functions including cash concentration, wire transfers, accounts funding; ensure adequate liquidity for working capital needs and invest short-term excess cash.
• Oversee cash management, banking, and financial institution relationships, negotiate bank and service fees, implement new bank technologies, products and services to improve cash cycle and simplify Commission’s operations.
• Oversee the supervision of personnel of the Division, which includes work allocation, training, and problem resolution; evaluate performance and make recommendations for personnel action.
• Act as the Business Process Owner for these areas of responsibility in Budget & Treasury
• Supervise the preparation of key reports from the System to highlight the benefits derived from the System.
• Ensure compliance with internal controls, policies and procedures.
• Perform any other task assigned by the Line Supervisor.

Academic Qualifications and Experience

• Master’s Degree or its equivalent in Accounting, Banking & Finance, Economics, Finance, Management or in a similar field from a recognized University.
• 10 years of progressively responsible experience in a complex organizational environment, in budget formulation, financial monitoring, accounting and financial reporting; including 6 years relevant international work experience and 5 years of management experience in finance and budget operations.
• Possession of a professional qualification in accounting such as ACCA, ACA, ANAN or other recognized accounting certification is an advantage.
• Knowledge of financial accounting principles and concepts including the International Public Sector Accounting Standards (IPSAS).
• Good knowledge of general aspects of financial management software and of at least one ERP software. Previous specific experience with SAP will be an asset.
• Demonstrated practical knowledge of relevant financial accounting principles and concepts to perform tasks in accordance with the generally accepted Accounting Principles and Standards of relevance to public sector and international organizations.
• Demonstrates professional competence and mastery of subject matter; accounting best practices, ECOWAS financial policies (e.g. revenue, accounts payable);
• Knowledge of financial and budgetary principles and practices, budget development and financial administration of resources.

Age Limit:

• Be below 50 years old. This provision does not apply to internal candidates.

ECOWAS Key Competencies:

• Ability to lead in assigned programs and projects by providing the necessary managerial and operational expertise required for the fulfilment of the organization’s mandate.
• Ability to lead by example and organize teamwork to encourage cooperation to achieve targeted results, champion and build momentum for change and to bring about employee engagement; develops and implements internal controls for pilot program to manage potential barriers to implementation.
• Ability to respect chain of command in an appropriate manner.
• Excellent self-management skills, demonstrating ethics and integrity, confidentiality and displaying due regards for internal controls of rules, delegations, and transparency.
• Ability to bring together complementary skills/expertise, assess individual contributions and recognize/address accomplishments and shortcomings in a manner that brings continued success to the organization.
• Knowledge of program management at the level usually acquired from a certification in program management.
• Ability to research benchmarks and trends to bring about the best recommendations for the development and improvement of programs/projects that will best serve the community/organization.
• Well-developed networking and interpersonal skills to seek feedback, information and data from a network of professionals from multiple countries/sectors/organizations and to identify and prioritize the most critical community requirements.
• Ability to manage and co-ordinate client management initiatives and make recommendations.
• Ability to develop and implement best practices in client services.
• Ability to develop and implement stakeholder management plans, programs and initiatives to obtain buy-in on new initiatives, to better understand dissenting views, to obtain resources and to increase perceptions of success.
• Ability to be diplomatic, tactful and respect of other people from varied backgrounds, understanding diverse cultural views especially within West Africa with the ability to convert diversity into opportunities to improve program/operational outcomes.
• Ability to create a diverse and inclusive interactive environment that benefits from diverse strengths bringing together innovative practices.
• Ability to remain objective in managing conflict regardless of cultural differences /positions, gender differences, and encourage other staff to overcome cultural and gender bias and differences.
• Ability and responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work.
• Ability to serve the interest of culturally diverse multinational teams/organizations/communities and persons with disability without prejudice and bias.
• Understanding of the ECOWAS organizational structure, associated dynamics and expectations as required to collaborate, participate, contribute and lead effectively.
• Knowledge of the ECOWAS mandate, strategic plan/priorities as well as the economic, political, and social situation and trends in member states, as pertains to own scope of work.
• Knowledge of ECOWAS best practices, program management approaches and research techniques to lead and/or contribute to the development or assessment of programs, projects, or initiatives.
• Knowledge of the ECOWAS rules and procedures to appropriately interpret and apply directive text, provide technical advice, coach others and assess performance.
• Ability to analyse a situation by using indicators to assess the costs, benefits, risks, and chances for success, in making decisions.
• Ability to pull together information from different sources to identify the cause of problems, consequences of alternative causes of action, potential obstacles and ways to avoid the problem in the future.
• Ability to break down very complex situations/information into simple terms to explain recommendations and conclusions aimed at solving problems or improving operations/programs/projects.
• Ability to develop new insights into situations, apply innovative solutions to problems and to design new methods of addressing issues or disconnects where established methods and procedures are inapplicable or no longer effective.
• Ability to communicate with impact, clearly and concisely in a succinct and organized manner conveying credibility & confidence when making presentations, setting expectations, and explaining complex issues.
• Ability to listen intently and correctly interpret messages from others and respond appropriately.
• Accomplished technical writing and editing skills.
• Exhibit active listening skills to encourage stronger communication amongst team members, to show care and make them feel valued and to drive employee engagement in all institutions and agencies.
• Ability to give constructive feedback, provide recognition, address shortcomings, and motivate direct reports to work at peak performance.
• Proficiency in information communication technologies (ICT).
• Fluency in oral and written expressions in one of the ECOWAS official languages of the Community (English, French & Portuguese). Knowledge of an additional one will be an added advantage.
• Superior organizational and project/program management skills with significant experience identifying timelines, targets, costs, and resources necessary to deliver on operational/program/project outputs.
• Ability to set effective goals and targets for self, others, and the work unit and adjusting work or project priorities in response to changing circumstances.
• Ability to identify gaps affecting the achievement of program/project expectations and to design and implement intervention plans required to build the desired capacity (e.g. training, structural realignment, partnerships, reallocation of resources.
• Ability to implement rigorous monitoring, and evaluation practices and to set in place regular reporting schedules relevant to key outputs (e.g. management indicators, project milestones, program results, processing targets).
• Ability to plan, organize, and control resources, procedures, and protocols to achieve specific goals.

Salary
USD104,330.42 Annually.

Application Closing Date
6th March, 2024.

Method of Application
Interested and qualified candidates should send their correctly filled Application Form, Curriculum Vitae (CV) and a Motivation letter to: b44principalaccoutbudget@ecowas.int using the Job Title as the subject of the mail.

Click here to download the application form (Docx.)

Note

• Female applications are encouraged.
• Only shortlisted candidates will be contacted. Applications initially submitted with only the CV remain acceptable.
• ECOWAS does not charge a fee for recruitment and will not request for your account details.