Fund Manager
PACT
Abuja
7d ago
source : myJobmag
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    Pact is an international non-governmental organization with headquarters in Washington DC, USA. Pact has been in Nigeria since 2005, and currently implements donor funded development projects in 4 States in the area of Health, integrating livelihoods, capacity development, and governance systems.

    Background

    Pact, established in 1971, is an international non-governmental organization with headquarters in Washington DC, USA and has been working in Nigeria since 2005 to strengthens local capacity, forge effective governance systems and transforms markets into a force for development.

    Pact has presence in 29 countries around the world working in Health, Livelihoods, Governance, and Access to Markets, Capacity Development and Natural Resource Management.

  • In Nigeria (where it is registered as Pact West Africa), Pact has worked to build the organizational capacity of institutions;
  • including civil society and community based organizations to improve maternal, newborn and child health; address the needs of Orphaned and Vulnerable Children (OVC), mitigate the spread of people living with HIV / AIDS, and artisanal miners in over 20 states across all the six geo political zones.

    Pact has also worked with more than 30 local organizations, community groups, and government agencies who now demonstrate measurable improved performance following Pact’s capacity development approach.

    Currently, Pact is working with Bill and Melinda Gates Foundation (BMGF) in Gombe state in North East Nigeria to support the strengthening of government health systems, also as a partner on the United State Agency for International Development’s (USAID) Coordinating Comprehensive Care for Children Project, Pact West Africa trained over 32,000 state and local health officials, and provided technical support to LGAs to improve budgeting and advocacy abilities, as well as create links between government agencies and civil society organizations and the private sector, Pact West Africa helps communities gain lasting benefits from natural resources by using them more sustainably.

    We have a Direct Aid Program (DAP) funded by the Australian Embassy, Pact West Africa introduced safer methods for artisanal surface miners by increasing awareness of mercury and related health concerns in the mining population and providing solutions for the mining community to alleviate mercury poisoning in Zamfara State.

    Objectives Fund Management

    The objective of engaging a fund manager is to actively manager Pact’s monthly accrued severance, gratuity, and 13th month bonus by ensuring proper accountability of funds in terms financial Management.

    Also, the fund manager is expected to ensure timeliness and accuracy in the remittance of staff entitlement as directed.

    Scope of the Fund Management

    The fund management would be carried out in line with Pacts’ Organizations policies and procedures and agreed terms and conditions.

    The scope of the fund management includes the following :

    Cover the period 1st October 2018 to 30th June 2019.Maintain a proper record of all monthly remittance of Pact severance, gratuity and 13th month bonus.

    The fund manager is expected to keep appropriate supporting documents and books of account relating to all pacts remittance and produce a quarterly report to the management.

    Duration of Assignment

    The fund manager is expected to manage staff entitlements for the period of 9 months subject to renewal.

    Deliverables :

    The fund manager is expected to send monthly statement to staff through emails and sms.The fund manager is expected to produce quarterly management report of all remittance.

    The fund manager should also ensure timely payoff to staff based on advise from Pact

    Eligibility Criteria

    Evidence of Valid Practicing License issued by the relevant professional body.Evidence of registration with the Corporate Affairs Commission.

    The Firms Profile, including professional qualifications of key staff, experience with respect to similar previous management of organizations funds.

    Audited accounts of the firm for the last three years, i.e, 2015, 2016 and 2017Evidence of valid tax clearance certificates for the year 2017Demonstrable experience in the management of an International Non-

    Governmental Organization (INGO) fund.

    Fund Manager Fee

    The fund Manager fee would be fixed through a competitive bidding process.

    Background

    Currently, Pact is working with Bill and Melinda Gates Foundation (BMGF) in Gombe state in North East Nigeria to support the strengthening of government health systems, also as a partner on the United State Agency for International Development’s (USAID) Coordinating Comprehensive Care for Children Project, Pact West Africa trained over 32,000 state and local health officials, and provided technical support to LGAs to improve budgeting and advocacy abilities, as well as create links between government agencies and civil society organizations and the private sector, Pact West Africa helps communities gain lasting benefits from natural resources by using them more sustainably

    We have a Direct Aid Program (DAP) funded by the Australian Embassy, Pact West Africa introduced safer methods for artisanal surface miners by increasing awareness of mercury and related health concerns in the mining population and providing solutions for the mining community to alleviate mercury poisoning in Zamfara State.

    Objectives of Outsourcing Payroll

    The objective of engaging a payroll management company is to ensure accuracy in the computation and management of Pacts payroll.

    Scope of Outsourcing Payroll

  • The scope of the payroll managements includes the following;
  • Cover the period 1st October 2018 to 30th June 2019.Ensures monthly computation and finalization of Pacts payroll, this would be carried out in strictest confidence based on the information provided by Pact.

    The payroll manager will render additional services of assisting Pact in capturing and screening the information provided by Pact to ensure that they are in accordance with Pacts policies and procedures and all government regulations.

    The payroll manager would seek Pacts authorized payroll signatories for their signatures on a letter of instruction to Pacts bank prior to designated date of crediting.

    Monthly, the payroll management company would make timely cheque request and fund requisition to Pact for the payment of salaries.

    A time schedule would be agreed between the payroll management company and Pact, stipulating the deadlines for; Submission of employees’ contracts.

    Submission of reports to Pact for vetting before finalisation of payroll.Submission of reports to Pact for record keeping.

    Issuance of cheque by Pact for payment to statutory bodies. The Payroll management company would be expected to prepare all standard payroll reports, after each payroll period as follows : Payroll Summary.

    Allowance and deductions report.Salary reconciliation reports.All statutory deductions schedules (NHF, NSITF, PENSION, and PAYE).

    The payroll management company is expected to print out payslip monthly and send to Pact.The payroll management company would prepare accounting journals for payroll cost and accounting journals for financial month end provisioning in the format required by Pact.

    Yearly, the payroll manager would prepare to file annual returns with Federal capital territory- Internal Revenue Service for the tax expected to be remitted for the year, before 31st January 2018.

    Payroll Management Duration

    The duration of the contract is 9 Months from the date of commencement subject to renewal.

    Payroll Outsourcing Fees

    The payroll management fees would be fixed through a competitive bidding process

    Deliverables

    Ensure all employees are paid in a timely manner for the hours worked in the pay period before 25th of every month.The payroll manager is responsible for paying all employees accurately and in accordance with the employee’s pay rate and time reported on the timesheet, with appropriate deductions.

    Monthly payslips should be sent to staff before the actual payment is received.All statutory deductions should be remitted to the appropriate body and collect receipts thereafter.

    A monthly report of the payroll preparation should be sent to Pacts management for record keeping.The payroll manager should ensure a back up plan in the event of an interruption of services due to unforeseen circumstances by ensuring employees are paid before 25th of every month.

    The payroll manager is expected to be available to answer questions from Staff regarding payroll as the need arises.

    Eligibility Criteria for Selection

    Evidence of Valid practicing License issued by the relevant professional bodyEvidence of registration with the Corporate Affairs Commission.

    The Firms Profile, including professional qualifications of key staff.Audited accounts of the firm for the last three years, i.

    e, 2015, 2016 and 2017Evidence of valid tax clearance certificates for the year 2017Knowledge and understanding of Payroll services for organization with 50 or more employees

    Method of Application

    Applicants should send their Resume and Cover Letter as one MS Word Document or PDF to : with subject of the mail as Fund Manager Engagement on Gratuity, Severance and 13th Month bonus Services for Pact West Africa .

    Note : Only short listed candidates will be contacted.

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