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Job Vacancies at African Union – Recruitment is currently ongoing at African Union, application are invited from suitable qualified candidates, for more details read further.
About Job Vacancies at African Union
On the continent of Africa, there are 55 member states that make up the African Union. On September 9, 1999, the Sirte Declaration, which called for the creation of the African Union, was released at Sirte, Libya.
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Job Title: Finance Officer – Bank Reconciliation
Job Summary for Job Vacancies at African Union:
- Ensuring that the division’s trial balances are kept up-to-date, correct, and comprehensive in accordance with AU financial rules and regulations and International Public Sector Accounting Standards (IPSAS).
Main Roles for Job Vacancies at African Union
- Leads the investigation and follow-up of all outstanding items on bank reconciliation statements and reports to the Unit Manager on financial reports.
- Oversees and analytically identifies old and uncollectible amounts on the bank reconciliation and advises how best to resolve them.
- Provides a monthly summary of bank reconciliations for review by the Financial Reporting Unit Head, in addition to verifying the reliability and accuracy of bank balances in the general ledger and trial balances.
- Works closely with the Financial Management Unit and ensures that proper internal controls are maintained in the opening and closing of new and old bank accounts.
- Monitors bank charges and all banking activities to detect irregularities and fraud.
- Participates in statutory and special audits of AfCFTA.
- Liaise with the Finance Officer in charge of accounts receivable and accounts payable to investigate and correct long outstanding balances recorded from the bank reconciliation
- Ensures that cash balances are recorded in accordance with International Public Sector Accounting Standards (IPSAS)
- Ensures timely reconciliation of bank accounts
- Maintains accurate and complete cash balances in the general ledger and trial balances in accordance with AU RIF and IPSAS.
Task and Responsibilities for Job Vacancies at African Union
- Leads the investigation and follow-up of all outstanding items on bank reconciliation statements and reports to the Principal Accounting and Reporting Officer;
- Supervises and analytically identify old and irrecoverable amounts on bank reconciliation and advises how best to resolve them;
- Provides monthly summary of bank reconciliations for review by Principal Accounting and reporting Officer in addition, verifies the reliability and accuracy of bank balances in the general ledger and trial balances;
- Works closely with Financial Management Unit at AfCFTA and ensures that adequate internal controls are maintained in the opening and closing of new and old bank accounts;
- Monitors bank charges and all banking activities in order to detect irregularities and fraud;
- Participates in statutory and special audits of the African Union Commission;
- Liaises with the Finance officer in charge of Accounts Receivable and Accounts Payables to investigate and correct long outstanding balances posted from bank reconciliation;
- Ensures that cash balances are accounted for in accordance with IPSAS;
- Ensures the timely reconciliation of Bank Accounts;
- Maintains accurate and complete cash balances in the general ledger and trial balances in line with the AU financial rules and regulations and International Public Sector Accounting Standards (IPSAS);
- Performs other related duties as required.
Requirements/ Experience for Job Vacancies at African Union
- Bachelor’s Degree in accounting, auditing, Finance or related field with 5 years of relevant work experience in a national or international organization OR Master’s Degree in accounting, auditing, Finance or related field with a minimum of 2 years of relevant work experience in a national or international organization.
- A professional qualification such as CPA, CA, ACCA, CIMA, Expert Comptable, or equivalent is an added advantage.
- Hands-on experience in preparing bank reconciliation is required.
- Experience with financial systems/finance modules of enterprise resource planning (ERP) such as SAP or similar ERP is required.
- Experience with IPSAS/IFRS in a large organization is highly desirable.
- Experience in handling internal or external audits.
- Proven experience in processing payments using ERP preferably SAP.
Required Skills for Job Vacancies at African Union
- Ability to work in a multicultural environment;
- Ability to work independently to meet critical and competing deadlines (multi-tasking), to produce high-quality work in short timeframes;
- Excellent interpersonal/teamwork skills,
- Must be computer literate with a working knowledge of common computer applications and systems;
- Excellent drafting, reporting, communication, and presentation skills.
- Strong program/project management skills
- Strong analytical skills
- Excellent planning and organizing skills
- Ability to liaise with a diverse range of people and stakeholders;
- Applicants must be proficient in one of the African Union working languages (Arabic, English, French, Portuguese, or Spanish). Knowledge of one or several other working languages would be an added advantage.
How to Apply for Job Vacancies at African Union
The application process is done via the Portal, so keenly qualified applicants should CLICK HERE to apply
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Application Deadline:
15th June 2023
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