Job Title: Special Programs Finance Consultant
Hiring Organization: Mastercard
Foundation
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Non
Profit
Job Type: Full
Time
Salary: KES
Date Posted: 05/09/2024
Summary
Reporting
to the Director of Finance, Special Programs, the Consultant will partner with
the Program Leads in managing the end-to-end financial programmatic processes
(from Roadmap development to Delivery). The Lead will ensure that programs have
sufficient funding for intended outcomes through budgeting and that funds are
utilized effectively by employing risk management systems, program monitoring,
and reporting to aid decision-making. S/he will safeguard the Foundation’s
Financial resources by maintaining a sound control environment, ensuring the
programs comply with CRA regulations and providing stewardship on risk
Management to their partners.
Ways you can contribute
- Manage
the full cycle of Finance program partner contracts, i.e. Expression of
Interest (EOI), proposal, contract approval, conduct due diligence, budget
reviews, program execution and monitoring, and program completion.
- Analyze
financial performance against forecast and budget, investigate variances,
communicate findings, and make recommendations to programs and partners.
- Identify
and provide financial advice, including but not limited to funding terms,
taxation, Accounting Standards, and other application
regulations/legislation that may arise.
- Ensure
timely disbursements for programs to ensure programs have sufficient
funding in place to deliver the program’s objectives and outcomes.
- Guide
and train external program partners on all financial aspects of contract
execution, including budgeting and reporting, due diligence, financial
controls and Canadian regulatory requirements.
- Provide
financial expertise and advice internally to the Foundation’s Programs
team on developing and implementing comprehensive programming strategies.
- Provide
ad-hoc data and support for learning and evaluation activities, including
program outputs and value-for-money analysis.
- Maintain
accurate and timely financial documentation and data, and report on
contract commitments, disbursements, and cash flow projections.
- Ongoing
monitoring and reporting on program financial performance post-kick-off
(Deliver phase) per agreed timelines to ensure foundation resources are
deployed as envisaged and sufficient funding and financial controls are in
place to support the delivery expected of program outcomes. This will also
ensure compliance with the CRA requirements on books and records.
- Ensure
the management grants systems are updated promptly and accurately with the
correct financial information for each program.
- Ensure
adequate business controls with the programs to safeguard the foundation’s
assets.
- Accountable
for compliance with local and international financial regulations and
requirements, e.g. Canada Revenue Agency standards, anti-money laundering
and anti-terrorism laws, etc.
- Provide
periodic reporting on partner finance matters determined by the partner
contracts and ensure follow-up action items are closed as required.
- Troubleshooting
and management of financial issues that arise during program
implementation.
- Lead
comprehensive program assessment processes ensuring quality control of the
plans (Accountable for the quality of the Due diligence assessment).
- Lead
the organization’s capacity assessments, especially those related to the
financial capacity of potential partners.
- Drive
annual due diligence review process and update yearly work plans with
Program teams and partners.
- Perform
due diligence procedures on partners (i.e. evaluating financial
statements, tax returns, financial capacity, watchlist screening)
- Assess
alignment with charity law (i.e., private benefit and charitable purpose
rules) in coordination with the Legal & Compliance teams.
- Provide
Financial Information & insights as pertains to program finance to
support decision-making.
- Provide
input into the Foundation’s financial planning and budgeting routines
within the required timelines and guidance the Financial Planning &
Analysis team provides.
- Provide
Monthly financial forecasts on commitments and disbursements for assigned
portfolios.
- Provide
monthly financial reports on the status of the program portfolio,
including analysis and insights to support decision-making on resource
allocation.
- From
time to time, manage analysts and interns who support them in delivering
the program finance tasks; assign work and review outputs of the
resources.
- Engaging
and cultivating relationships with regional partners to ensure good
governance and partner with the program teams to achieve the program’s
intended strategic objectives/outcomes.
- Any
other tasks as may be required from time to time.
Who You
Are
- Bachelor’s
degree in Accounting; MBA is an added advantage.
- Professional
accounting designation and a member of a relevant professional body.
- Progressive
experience in financial roles within large and/or global organizations.
Previous work in the development sector is an added advantage.
- At
least 1-3 years’ experience in a management capacity, leading finance and
teams of multiple technical competencies
Working
knowledge of:
- Financial
Internal Controls Management.
- Financial
reporting & Analysis experience, including Budgeting and Financial
Forecasting.
- Advanced
analytical, quantitative, and statistical skills.
- Financial
modelling skills, along with an understanding of financial reporting and
cash flow information
- Able
to identify & mitigate Operational, Financial and Business Risks.
- Able
to generate Routine Accounting Records and Financial Reports plus
determine and apply correct accounting treatments, proficient knowledge of
international accounting standards.
- Fluent
in English and French is an added advantage.
- Strong
organizational skills with detail orientation, good follow-through, and
ability to work independently with minimal supervision.
- Able
to exercise a high level of judgment in making decisions or
recommendations based on analyzing data and deriving insights from the
data.
- Good
at problem-solving, results-driven, and self-disciplined, with a strong
sense of teamwork and a common purpose to achieve ambitious goals.
- Proficient
in MS Office applications, particularly Excel.
- Flexible,
adaptable, intellectually curious, and open, you are comfortable with
ambiguity, receptive to new ideas and willing to learn and change.
- Professional
maturity, sensitivity to different cultures, and impeccable integrity that
exemplify the Foundation’s values.