IPSAS Adoption & Financial Systems Strengthening Consultant

Organisation

Empathy for Life Integrated Development Association (ELiDA)

Location

Addis Ababa, Ethiopia

Position Overview

The IPSAS Adoption & Financial Systems Strengthening Consultant will play a pivotal role in enhancing financial reporting and systems at Empathy for Life Integrated Development Association. This consultancy position is aimed at individuals with 5-8 years of senior experience in accounting and finance, focusing on the integration of IPSAS standards within nonprofit financial frameworks. The consultant will work from the Addis Ababa office, collaborating with various stakeholders to ensure robust financial practices and compliance with international standards.

Key Responsibilities

1. IPSAS Adoption

• Develop an inception report based on the Terms of Reference, outlining a methodology for adopting and implementing IPSAS, including plans and strategies with clear deliverables, indicators, resources, and tools
• Conduct a gap analysis and create a roadmap for IPSAS implementation based on benchmarking exercises
• Develop a comprehensive roadmap with specific actions, timelines, and responsible parties
• Analyze prerequisites for long-term IPSAS adoption and recommend measures for preparation

2. Updating the Financial and Accounting Procedures Manual

• Create an inception report outlining a methodology for updating sections of the existing Financial Manual to standardize and make it more comprehensive
• Analyze the existing financial management system and discuss updates with the finance unit post-IPSAS adoption
• Guide and conduct a context analysis of the Financial Management System and propose improvement strategies
• Hold consultative meetings with ELiDA staff to gather suggestions for updates
• Analyze the gathered information and draft the updated manual
• Organize a validation session to confirm the proposed updates
• Submit a final report that incorporates all feedback

3. IPSAS Implementation

• Revise the ELiDA chart of accounts
• Update monthly, quarterly, and yearly financial reporting formats
• Provide hands-on support including coaching and mentoring for the finance team

Required Qualifications

• 5-8 years of senior-level experience in accounting and finance
• Demonstrated expertise in IPSAS standards integration
• Experience working with nonprofit financial frameworks
• Strong knowledge of international financial standards and compliance