Senior Finance Officer job at Act Change Transform

Vacancy title:
Senior Finance Officer

[ Type: FULL TIME , Industry: Nonprofit, and NGO , Category: Accounting & Finance ]

Jobs at:

Act Change Transform

Deadline of this Job:
17 October 2022  

Duty Station:
Within Kenya , Nairobi , East Africa

Date Posted: Tuesday, October 11, 2022 , Base Salary: Not Disclosed

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Senior Finance Officer

Key Responsibilities
Financial Management
• Prepare and get appropriate approvals for all invoices/reports to donors.
• Review and analysis of monthly programme management accounts and management reports as required by budget holders.
• Ensure that monthly analysis, interpretation and advice on variances against budgets are provided to the budget holders.
• In consultations with the Finance and Operations Manager, develop cash flow forecasts for the Organization for discussions with the SMT and the Board Committee on Finance and Audit.
• Tracking of overall Programme budget spending against budgets (pipeline monitoring), preparation of funds requests and follow with donors
• Ensuring financial practices that guarantee compliance with all donor and Act! policies and donor guidelines during program implementation and program close outs.
• Support the program teams with proposal development processes i.e. the budget components ensuring that overheads recoveries are in line with the policy on 100% cost recovery.
• Ensure Statutory, Tax and NGO Board compliances (tracking compliances on monthly, quarterly, semi-annually and annually). Includes maintaining the corresponding online portals as appropriate.
• Prepare of the year-end financial statements and statutory reports in readiness for annual audits and collaborating with the external auditors in ensuring smooth and seamless audits.
• Ensuring timely preparations, review and approval of bank reconciliation statements no later than the end of the 2nd week of the subsequent month.
• Other duties as assigned by the supervisor.

Monitoring and reporting (financial and programmatic)
• Tracking the periodic (monthly/Quarterly) grantee advances and liquidations.
• Monitor organizational expenditures and financial status and preparing monthly cash requirements for the organization.
• Ensuring finance staff involved in preparing payments do so in a manner that strictly meets set standards and finance guidelines (expenditures must be allowable, allocable and reasonable).
• Preparing high quality and accurate financial reports for review and approval by the finance and operations manager, which confirm to the annual budgets.
• Closely monitor obligations from donors and grant obligations.
• Monitoring any financial malpractices and to immediately establish mechanisms to plug any loopholes upon consultations with the Finance & Operations Manager.

Capacity building
• Participate in organizational capacity assessments and mentoring of selected Act! grantee partners.
• Regularly arrange in-house training activities for Programme staff on changes in regulations and donor standards.

Performance & Compliance Standards:
• Support the function in ensuring comprehensive, up to date and best practice policies and practices in finance.
• Keep well motivated support team.
• Support in ensuring full and timely compliance with all statutory, Act! and donor regulations.
• Timely completion and submission of all reports (SMT, Donors, Stakeholders, etc.).

Qualification, Experience and Skills:
Academic Qualifications
• Bachelor’s degree in Commerce, Accounting or related business field. A post graduate qualification is desirable.
Professional Qualifications
• Certified Public Accountant of Kenya (CPA-K) or ACCA qualification.

• At least seven years’ experience in Finance in a similar position and environment.
• At least five years’ experience of financial accounting systems management (ideally using ACCPAC).
• Grants management in an NGO setting.
• Audit experience and exposure to audit processes.
• Experience in preparing annual financial statements.
• Experience in supervising a team.

Essential Skills and Key Competencies
• Excellent written and oral communication skills including report writing, negotiation and representation.
• Effective people management skills including the ability to establish good professional relationships.
• Highly computer literate, numerically minded and able to solve complex problems
• Highly organized and able to prioritize workloads and meet tight deadlines
• Thoroughness and attention to details.
• Problem solving and analytical skills.
• Ability to multi-task and follow through tasks to their logical conclusion.
• Complexity and difficulty of the work
• A demanding job that requires tolerance and sector knowledge

Work Hours: 8

Experience in Months: 84

Level of Education:
Bachelor Degree

Job application procedure

If you meet the requirements as contained in the position description, please submit (1) a detailed and current CV; (2) an Application Cover Letter demonstrating why you qualify for the position indicating the current or the last gross salary and three referees including their most current contact details. All applications should be submitted electronically to  quoting the reference number (ACT/SFO/17/2022) and position on the e-mail subject line.

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Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 17 October 2022
Duty Station: Nairobi
Posted: 11-10-2022
No of Jobs: 1
Start Publishing: 11-10-2022
Stop Publishing (Put date of 2030): 11-10-2066
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