Job Title: Chief Financial Officer
Hiring Organization: Millar
Cameron
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Service
Job Type: Full
Time
Salary: KES
Date Posted: 05/01/2024
Founded in 1988, AERC was established to address the disconnect between economic research and policy implementation in sub-Saharan Africa. The organization has grown into a leading capacity-building institution, renowned for its robust economic research, postgraduate training, and impactful policy outreach.
About the role
AERC
seeks a visionary CFO to lead its General Shared Services Division, including
Finance, Procurement, and HR Management. As a key member of the Senior
Management Team (SMT), the CFO will partner with the Executive Director to
oversee the consortium’s financial resources, develop and maintain financial
and administrative policies, and create annual budgets. This role involves
forecasting financial needs, advising on long-term financial strategies,
leading fundraising efforts, and managing risk assessment functions to ensure
compliance with legal standards, policies, and donor requirements while
maintaining financial transparency. Additionally, the CFO will play a crucial
role in navigating AERC through its organizational review as it prepares for
the next three-year strategy cycle. This entails driving change management
initiatives, particularly in policy formulation and the restructuring of
operational and HR management frameworks to align with AERC’s evolving
strategic goals.
Key
dimensions of the role
Based in
Kenya, the CFO’S responsibilities will include, but not be limited to:
General
Management and Administration
- Managing
the Resources Division; overseeing Finance, Procurement, and Human
Resources.
- Advising
the Executive Director on finance and administration, enhancing
decision-making and risk assessment.
- Participating
in key meetings, contributing to the consortium’s strategic and business
planning processes.
Treasury
& Risk Management
- Developing
and implementing investment strategies while acting as the primary contact
for investment managers.
- Engaging
with both internal and external auditors to ensure rigorous follow-through
on audit and risk issues.
- Managing
currency risks and overseeing the consortium’s insurance policies to
protect its financial health.
Financial
Management, Transparency, and Compliance
- Ensuring
all financial operations adhere to consortium policies, aiming for
transparency and compliance.
- Reviewing
and updating financial management policies and manuals to adapt to
changing needs.
- Coordinating
audits and managing financial risks, including making critical end-of-year
financial adjustments.
Fundraising
& Grant Management
- Reviewing
donor proposals to ensure all financial aspects are correctly addressed.
- Managing
financial reporting for grants, including monitoring expenditures and
variances.
- Overseeing
grant-related risks and ensures compliance with donor conditions and audit
recommendations.
Human
Resource Function
- Leading
the HR function, aligning strategies with organizational goals and
managing staff performance.
- Managing
HR processes including recruitment, job classification, and staff
development.
- Ensuring
compliance with labor laws and oversees the safeguarding policy to protect
consortium members.
General
Office Administration Function
- Establishing
robust administrative systems to support effective program execution.
- Developing
and enforcing performance standards for administrative and financial
services.
- Managing
office systems and oversees the administration of key policies and the
Provident Fund.
Procurement
Function
- Providing
strategic leadership for the procurement function, ensuring efficiency and
compliance.
- Setting
up a procurement governance framework to monitor and manage procurement
activities.
- Establishing
performance indicators to evaluate and improve procurement processes.
Qualifications:
- Master’s
degree in Business, Finance, or Accounting, along with CPA (K) or
equivalent.
- Over
ten years of managerial experience with a focus on financial resources
management.
- Demonstrated
expertise in financial management and compliance with AML and FATCA.
- Experienced
in Grant and Fundraising Management and adept in Enterprise Risk
Management.
- Strategic
thinker with strong leadership qualities and high ethical standards.
- Excellent
financial management skills and proficient in using financial management
software and MS Office.
