Job Title: Senior Finance Officer
Hiring Organization: Africa
Enterprise Challenge Fund
Location – Locality: Nairobi
Location – Region: Kenya
Industry: NGO
Job Type: Full
Time
Salary: KES
Date Posted: 05/08/2024
The Role
The
Senior Finance Officer will support sound management decisions related to the
organization’s financial sustainability. The role holder will be responsible
for developing institutional and program proposal budgets based on AECF’s
strategy and a regularly updated cost structure. The incumbent will be
responsible for conducting a continuous financial sustainability analysis,
developing management & board financial reports, and ensuring compliance
with AECF’s and donor policies and regulations
This role will report to the Head of Finance.
Key
Responsibilities
- Financial
planning, including preparation of institutional and program budgets, cash
flow forecasts, and implementing appropriate budgetary controls.
- Preparation
of timely, accurate, and relevant management and board financial reports
and any other management information that may be required occasionally.
- Production
of annual institutional financial statements.
- Develop
and regularly update program-specific budget and financial reporting
templates for AECF and investees.
- Ensure
institutional and all program audits are conducted on time and audit
findings are resolved adequately.
- Perform
financial forecasting, reporting, and tracing of the relevant metrics.
- Analyse
financial data and create financial models based on AECF’s focus areas for
decision support.
- Support
the continuous analysis of trends and forecasts, review AECF’s cost
structure, and recommend any needed adjustments for optimization.
- Monthly
review of budget vs expenditure reports for all programs, ensuring that
expenditure is within approved budgets and in compliance with donor rules
& regulations.
- Convene
quarterly program financial review meetings and oversee implementation of
agreed actions.
- Support
the Head of Finance in strengthening and ensuring adherence to the
internal control systems.
Suitable
candidates should possess:
- Bachelor’s
degree in Finance or Economics from a recognized university.
- Professional
qualification in Finance (CPA, ACCA) or related fields is mandatory.
- Membership
to a professional body.
- Demonstrable
experience of at least (5) years managing the finances of a $20 million
international non-profit organization with a mix of funding sources,
preferably bilateral donors.
- Experience
with bilateral donors such as FCDO, GAC and SIDA.
- Strong
proficiency in advanced Excel features.
- Ability
to communicate clearly and concisely both orally and in writing.
- Fluency
in English is required, proficiency in additional languages – French is
preferred.