Elements and Performance Criteria
- Clarify financial environment
- Determine local legislative requirements, including taxation, labour laws, currency transaction restrictions and regulations and other liabilities
- Ensure financial context reflects the concepts and principles of aid effectiveness and community development
- Negotiate donor requirements, in cooperation with organisation offices, both local, regional and off-shore
- Determine local financial environmental constraints
- Anticipate funding requirements, including cash requirements, and ensure they are projected by fiscal year and life of project
- Communicate donor requirements to staff
- Communicate multiple donor requirements to field, national office and other organisation staff, including initial briefings and ongoing communication to ensure compliance
- Where project is operating in a country with existing national office, specifically outline major differences between donor requirements and existing financial requirements
- Explain major differences between various donors to field and national office staff, as required
- Comply with donor requirements
- Meet donor reporting requirements consistently and in a timely manner, and include appropriate data in required format
- Ensure variances to budget are within approved ranges
- Outline circumstances where an amendment to a grant might be possible, and discuss options for grant amendments, including formal and informal, verbal and written amendments and required supporting documentation
- Manage expenditure within complex funding arrangements
- Develop budgets which facilitate the clear tracking of funds from different donors to their specifically funded projects
- Manage program funding to multiple projects from multiple donors
- Ensure core costs are covered from grants
- Monitor and control expenditure to ensure that it does not exceed available funding