About

I was working as Financial Management Specialists and Senior Accountant responsible for planning and executing all activities related to financial management of various organizations as per the financial standards and procedures of the Government and non-governmental like the World Bank (WB)/International Development Association (IDA), USAID and FCDO /I am responsible for the overall management of the project financial transactions and will work closely with Finance Department the organization.

Experience

Mekete Derbush

Work experience
  • Coordinates the recording, analysis and financial statement preparation activities of core cost and projects in accordance with the Society’s policies and procedures in place;
  • Prepares appropriate classification of codes for each transaction for recording; Analyzes the recording of transactions and performing posting;Prepare financial statements;
  • Ensures that the financial reports of branches are properly tracked, recorded and consolidated with that of the National Secretariat, statement of income and expenditure account, cash flow statement, balance Sheet and other financial statements issued timely and properly;
  • Follows up the evaluation and analysis of monthly trial balances, quarterly statements of income and expenditure account and of any other financial information and the provision of qualified information for management decision making;
  • Checks the agreement of the balances of subsidiary ledgers and that of control accounts in the general ledger and tests the equality of debit and credit totals (trial balance) of the general ledger account balances;
  • Closely follow up the timely collection of receivables and payment of payables and make sure that all receivables are payables are fully cleared at the end of every quarter and no balance is carried forward
  • Examines and checks all registers for correctness and the register totals for general ledger posting; Prepares periodic and end-of-period financial reports and statements resulting from subsidiary and general ledger accounts;
  • Extracts account balances from the general ledger and prepares schedule of accounts upon request by management or to complete the accounting cycle;
  • Organizes maintenance of books of accounts, journals, ledgers and supporting documents in accordance with standard practices and accounting manual;
  • Prepares appropriate classification of codes and postages of all relevant transaction documents on the various control and subsidiary ledger accounts; and proposes additional or new codes if necessary;
  • Verifies that closings and auditing of books of accounts are carried out in due course;Verifies correctness of statement of accounts for receivable and payable accounts as well as bank reconciliation; Verifies Follows up the entry of financial transactions are in accordance with the accounting system in place of the Society;
  • Checks that financial documents, ledgers, journal vouchers and supporting documents are maintained and organized in accordance with the accounting system of the Society;
  • Ensures that all transactions of disbursements and receivables are journalized and posted into respective ledgers timely;
  • Make sure that all payables and receivables are cleared on quarterly basis and no outstanding balances of payables and receivables are carried over to the next period; Ensures that the Society’s accounting documents are properly organized;
  • Ascertains that account records are maintained in the proper classification of codes per the accounting procedure of the Society;Verify the correctness of the calculation of the deductions from the employee salary;
  • Provides branch offices with professional assistances in performing accounting activities; follows up the financial reports of the branches;
  • Facilitates and follows up the preparation and communication of project financial reports as per commitments made with funding agents and pertinent financial policies and procedures of the Society;
  • Ascertains that closings of books of core cost and project accounts of the Society are carried out in due course; Follows up and facilitates the timely delivery of reports from branches; Arranges and organizes financial documents for auditing by internal and external auditors;
  • Ensures that financial documents, ledgers, journal vouchers and supporting documents are maintained and organized in accordance with the accounting system of the Society;
  • Conducts pertinent studies on how to improvise the day-to-day activities of the work unit; Prepares and submits monthly, quarterly, biannual and annual reports on the performance of the work unit; Make sure that no receivables and payables are outstanding at the end of the year

Mekete Derbush

Work experience
  • General Objective
  • The Financial Management Specialists will be responsible for planning and executing all activities related to financial management of the Transport Systems Improvement Project (TRANSIP) as per the financial standards and procedures of the Government/MOTL and the World Bank (WB)/International Development Association (IDA). /he will be responsible for the overall management of the project financial transactions and will work closely with MOTL Finance Department.
  • Specific Tasks
  • Set-up and maintain proper accounting records for the Transport Systems Improvement Project and other, as appropriate, financial transactions.
  • Prepare and submit monthly Statement of Expenditure (SOE) to the World Bank for reimbursement of project expenditure.
  • Participate in preparing project progress reports, including Financial Monitoring reports so as to submit to the WB in 45 days after the end of each calendar quarter.
  • Reconcile the Special and local currency accounts on a monthly basis.
  • Ensure that MOTL/TRANSIP prepares and submits documentation of expenditure, bank reconciliation statements and any other supporting documents to account for the amount advanced.
  • Follow-up on contracts signed with suppliers and consultants regarding validity, implementation and payments.
  • Prepare annual budget for government approval.
  • Manage and control all disbursements to ensure effective project implementation.
  • Prepare check for authorized accounts and amount.
  • Prepare monthly and annual cash flow projections and monitor effective disbursement of funds.
  • Liaise with the Transport Systems Improvement Project auditors for effective and efficient auditing of the Project accounts.
  • Ensure proper control over all project assets and for the maintenance of proper systems and procedures.
  • Closely work with the accountants of the Finance Directorate of the MOTL.
  • Perform other tasks assigned by the National TRANSIP Manager.

Mekete Derbush

Work experience
  • January, 2020 - December, 2020
  • Fulltime
  • Position Description
  • The Finance office will be responsible for overseeing the grants management of the USAID Caring for Vulnerable Children project in Ethiopia. The finance officer Assists with the administration and the management of awards and sub-awards. S/he will develop and implement sub-award management systems and monitor MJDA’ and USAID’s compliance with award terms and conditions and MJDA’s and USAID’s policy.
  • SPECIFIC DUTIES AND RESPONSIBILITIES
  • Work with the Finance Team to ensure that all financial transactions are correctly administered and that all vouchers and grants are processed in a timely and efficient manner
  • Prepares monthly reports, reviews the report against budget and report variance
  • Participates in budget preparation and consolidates accounts for the secretariat according to the project plan in collaboration with other departments of the Organization;
  • Manages the day to day recording, and analyzing of financial transactions of awards and sub Awards
  • prepare and Send VAT Return
  • Prepare monthly bank reconciliations and reconcile on system Provide technical support
  • Ensures tax and other liabilities are paid out to the relevant authorities on time;
  • Process or Send Direct Transfers.
  • V. Other
  • Contribute to collecting and submitting the monitoring and evaluation data as required and communicate to subgrantees.
  • Participating in trainings, workshops, and conferences, as requested.
  • Any other tasks assigned as necessary.
  • Assist and Respond to general inquiries from implementing partners.
  • Assist an internal audit of sub-grantees together with finance and technical teams.

Mekete Derbush

Work experience
  • General Objective
  • I was working as Financial Management Specialists and Senior Accountant responsible for planning and executing all activities related to financial management of various organizations as per the financial standards and procedures of the Government and non-governmental like the World Bank (WB)/International Development Association (IDA), USAID and FCDO /I am responsible for the overall management of the project financial transactions and will work closely with Finance Department the organization.
  • Specific Tasks
  • Set-up and maintain proper accounting records for the R-PP Assessment Note and other, as appropriate, financial transactions.
  • Prepare and submit monthly Statement of Expenditure (SOE) to the World Bank for reimbursement of project expenditure.
  • Participate in preparing project progress reports, including Financial Monitoring reports so as to submit to the WB in 45 days after the end of each calendar quarter.
  • Reconcile the Special and local currency accounts on a monthly basis.
  • Ensure that MOEFCC/REDD+ Secretariat prepares and submits documentation of expenditure, bank reconciliation statements and any other supporting documents to account for the amount advanced.
  • Follow-up on contracts signed with suppliers and consultants regarding validity, implementation and payments.
  • Prepare annual budget for government approval.
  • Manage and control all disbursements to ensure effective project implementation.
  • Prepare check for authorized accounts and amount.
  • Prepare monthly and annual cash flow projections and monitor effective disbursement of funds.
  • Liaise with the R-PP Assessment Note auditors for effective and efficient auditing of the Project accounts.
  • Ensure proper control over all project assets and for the maintenance of proper systems and procedures.
  • Closely work with the accountants of the Finance Directorate of the MOEFCC.
  • Perform other tasks assigned by the National REDD+ Secretariat Coordinator.

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