Economist (Budget)

Economist – Budget (Word format)

Department: Finance

Directorate: Finance

Grade: P3

Annual Salary: USD 36,901 – USD 44,469

Supervisor: Principal Accountant

Reference: ECW-FIN-REC/P/005/2017

Duration: Duration: Two years (with extension subject to “Staff Regulation” of the ECOWAS Commission, satisfactory performance and availability of funds)

Duty Station: ECOWAS Commission, Abuja, Nigeria

Job Objective: Reporting directly to the Principal Accountant (Budget), the Economist has a responsibility for the execution of financial and budgeting policies and regulations in the area of Budget formulation, preparation, execution and monitoring for the ECOWAS Commission and Community.

 

Principal duties and responsibilities:

  1. Assist in the formulation, preparation, coordination, execution and monitoring of the Budget.
  2. Implement budgetary control procedures and ensure that expenditures approved for payment are properly committed in the Budget.
  3. Ensure that all commitments are properly coded and reconciled with the Accounting codes to identify all outstanding commitments for subsequent monitoring and implementation.
  4. Ensure that expenditures on any Budget Heads are checked and appropriate transfers are proposed within the limits allowed by the financial regulation as well as budget and expenditure reviews.
  5. Prepare quarterly budgetary control reports including budget versus actual analysis.
  6. Liaise with respective departments & directorates in providing information on the level of budget implementation.
  7. Prepares comparative analyses of operating programs by analysing costs in relation to services performed during previous fiscal years and submits recommendations for budget revisions.
  8. Assist in the development and implementation of the strategy of the Finance Department.
  9. Participate in meetings on behalf of the Finance Department to provide substantive expertise on budgetry issues.
  10. Participate in resources mobilisation endeavour.
  11. Perform other related duties as required.The Economist will be responsible for generating accurate, timely and complete Budget information reports each month/quarter as required by the Financial Regulations highlighting variances as well as providing explanations for these variances.Revenue and expenditure forecasting will be a core competence for this task.Knowledge, skills and abilities required:
  12. In addition, the Economist would spend time supervising the work of his staff, including providing solutions to expenditure processing problems as they arise from time to time. Providing guidance, motivating and mentoring of staff would be important to the success of this position.
  13. He/She will play an active role both in reserve mobilisation and utilisation.
  14. General description: A major responsibility of this position is the performing or managing of daily, weekly, and monthly Budget activities that are required for the proper review, approval and payment of expenditures and other commitments of the ECOWAS Commission.
  1. At least A Bachelor’s degree in Economics/Public Finance (or equivalent academic qualification) with additional 5 years of relevant record of professional experience.
  2. Experience in resource mobilisation especially Customs operations will be an added advantage.
  3. A higher degree will reduce the number of years of experience to three (3);
  4. Excellent verbal and written communication skills (fluent) in one of the official languages of the ECOWAS Community (English, French and Portuguese). Good working knowledge of a second Community language will be an added advantage.
  5. Familiarity with forecasting techniques and tools.
  6. Excellent knowledge of financial accounting principles and concepts including the International Public Sector Accounting Standards (IPSAS).
  7. 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.
  8. Previous experience in Budget-related activities will be a distinctive added value.
  9. Good inter-personal skills and team working ability necessary to enable effective interaction in performing key financial and managerial activities of other team members and supervise their works, including peers.

Ability to make recommendations on key budgeting and managerial decisions. The hiring of the four accountants and two economists would allow the attainment of the following results:

  1. As can be seen in the job description (Principal duties and responsibilities), each of the professionals will have clear duties defined.
  2. New organogram of the Directorate would be according to SAP requirements.

Separation of duties requiring accountancy competencies for:

  1. Accounts Receivable
  2. Accounts Payable and Advances
  3. Financial reporting and reconciliation
  4. Treasury accounting and management

Separation of duties requiring analytical and reporting skills and competencies for:

  1. The financial services monitoring and reporting of Programme and Projects
  2. The conceptualisation, preparation, execution and monitoring of the general BudgetMust be fluent in one of the official languages of the Commission; English, French and Portuguese. A working knowledge of another would be an advantage.

Language

Must be fluent in one of the official languages of the Commission; English, French and Portuguese. A working knowledge of another would be an advantage.

Candidates wishing to be considered for the post should download (JOB APPLICATION FORM), fill it and send it as an attachment to the corresponding email address ecorys@ecowas.int with their CVs.

 

Share on :

Twitter Facebook Google Plus Linkedin Youtube Instgram