BACKGROUND

The Palestinian Liberation Organization, for the benefit of the Palestinian Authority, has received financing from the World Bank, International Development Association in the amount of USD 3.5 million towards the cost of the Public Financial Management (PFMIP) Improvement Project (the Project).

The Project development objective (PDO) is to enhance the expenditure controls, financial accountability and procurement management of the Palestinian Authority. To achieve this PDO, the project will mainly cover four components: (i) Component 1- Improving Budget Expenditure Management, Financial Control and Cash Planning; (ii) Component 2- Improving Financial Accountability of the PFM System; (ii) Component 3- Modernizing Public Procurement; and (iv) Component 4- Project Management.

The Project is implemented over 4 years by the Ministry of Finance and Planning (MOFP) in cooperation with the High Council for Public Procurement Policies (HCPPP) and State Audit & Administrative Control Bureau (SAACB). HCPPP is managing the implementation of Component 3. A Project Management Unit (PMU) was established at the MOFP to manage the implementation of this project. 

MOFP is considering the appointment of qualified accountants, they will be housed within MOFP in Ramallah. 

The accountants shall be selected for the above-mentioned post in accordance with the World Bank’s procedures as specified in the World Bank’s Procurement Regulations for Borrowers under Investment Project Financing dated July 1, 2016 (“Procurement Regulations”).

Scope of Work: 

The accountants will be responsible for all aspects of preparing the final financial statements as well as other financial reports as requested. And to work specifically on  difference reconciliations (Accounts, General ledger, LGUs accounts, Payroll system, sub-ledger, Statement of accounts (SOA), Vendor/Employee cards  Advances, trust, Systems interfaces, fiduciaries, AP/AR/Off-Balance sheet, Banks and other different reconciliations ).

DURATION AND PROPOSED TIMEFRAME

Duration of this assignment will be one year renewable.

ROLES AND RESPONSIBILITIES (Included in the role but not limited to ;)

• • Process and reconcile transactions of complex nature.
  • Accounts Reconciliations which will include different reconciliation of General ledger, sub-ledger, SOA, reconciliations in order agree different general ledger (SUB and SOA) balance with the total and details of supporting schedules –Internal or external.
  • Identify and resolve all variances. 
  • Reconciling different accounts receivables, accounts payables, Payroll, Civil servants SOA, advances, prepaid accounts, and so on. Internal or external sources (sub-ledger) will be used and compared manually and electronically.
  • Trust account reconciliations with related parties.
  • Payroll Accounts Reconciliations: Different Civil Servant Salaries (including different deductions and allowances) from Salaries Oracle ERP systems with IFMIS Bisan. 
  • Finalize different reconciliations for Different electricity companies, Water providers and LGUs –Local Government Units such as Municipalities, Village and local Council reconciliations.
  • Reconciling different interfaces, Systems, applications and back office –supporting-applications such BISAN-IFMIS with Payroll, RMS, ASCUDA, in house applications and line ministries. 
  • Utilize various methods to reconcile account discrepancies.
  • Reconciling monthly Expenditure and Revenues reports at line ministries with General accounts.
  • Reconciling with third parties such as Palestinian Pension Fund, etc.
  • Bank and suspense accounts reconciliation. 
  • Different data processing tasks on Excel.

• Ensures that guidelines and policies around cash and accrual processes are adequate and effective, and that such policies prevent significant errors in balances, SOA and books. 

• Makassa and Clearance relevant reconciliations.
• Convert and manually enter hard paper records’ into soft copies on Excel. 
• Accrual to cash (vice versa) reconciliations.
• Bank reconciliations. 
• Coordinate and collaborate with different departments, directorates and lines ministries.
• Other Ad hoc tasks may include system implementation, utility token reconciliation, and development of accounting policies and procedures.

Qualifications, Skills and Experience:

• Bachelor's degree or higher in Accounting (or equivalent certificate). 
• 0 to 3 years’ experience in an accounting or auditing role. 
• Good knowledge in relevant accounting software such as Bisan.

• Practical knowledge of accounting practices.
• Knowledge of financial reporting standards (IFRS, etc.).
• Excellent computer skills; ability to multi-task, meet deadlines, and have excellent organizational skills. 
• Advance financial excel.

• Good English command.
• Must be self-starter and able to work with minimal supervision.
• Quick learners.
• Good team spirit.
• Good problem solving skills.
• Good communications skills.

Other

Contribute to team effort by undertaking additional tasks and responsibilities as requested.

Interested candidates are requested to send their CVs and a cover letter to the Ministry of Finance and Planning – The International Relations and Projects Directorate, at this email address: pfm@pmof.ps 

The closing date for applying is COB of September 22, 2019. Please clearly indicate the position to which you are applying in the subject line of your email.