Job Description
Job role
Key Roles and Responsibilities:
Financial Reporting:
- Prepare, review, and oversee the accurate and timely preparation of financial statements, ensuring full compliance with appropriate accounting standards and company accounting policies.
- Ensure accurate financial tracking and reporting for grant-funded projects, meeting donor compliance requirements.
- Prepare monthly, quarterly, and annual management reports to provide insights on financial performance.
- Manage the financial close process, ensuring timely and accurate reporting.
- Coordinate external audits and liaise with auditors to ensure accurate and timely completion of financial reporting requirements.
Accounting Functions:
- Oversee all general accounting processes, including accounts payable (AP), accounts receivable (AR), payroll, and fixed assets management.
- Ensure accurate posting and reconciliation of all general ledger accounts, preparing journal entries, and adjustments as required.
- Review and approve reconciliations of bank accounts, intercompany transactions, and key balance sheet accounts.
Budgeting, Forecasting & Financial Planning:
- Lead the budgeting and forecasting process, providing financial insights, scenario planning, and variance analysis for strategic decision-making.
- Develop financial models to support long-term business planning and resource allocation.
Compliance and Internal Controls:
- Ensure all financial practices adhere to applicable regulations and internal control policies.
- Support the design, implementation, and monitoring of financial policies and procedures.
- Coordinate with regulatory bodies to ensure the company meets local and international regulatory requirements, especially around financial reporting.
Process Improvement and Optimization:
- Identify and implement accounting and financial reporting improvements to increase accuracy, efficiency, and timeliness.
- Drive continuous improvements in financial reporting systems, including the implementation of ERP solutions, automation, and digital finance tools to enhance accuracy and efficiency.
Other Responsibilities:
- Collaborate on ad hoc financial analysis, management reporting, and budget support.
- Lead and mentor the finance team, fostering a high-performance culture, providing on-the-job training, and ensuring strong succession planning within the department.
Minimum Required Skills & Experience:
- A bachelor’s degree in finance, accounting, economics, or a related field (Master’s degree is an advantage).
- Minimum of 7 years of progressive experience in financial reporting, accounting, or financial management, with at least 3 years in a leadership role overseeing financial reporting, audit coordination, or compliance.
- Membership in a professional body (ICAN, ACCA, CFA).
- Strong financial analysis skills and a solid understanding of accounting principles, financial reporting standards, and proficiency in financial modelling.
- Experience in financial reporting for grant-funded projects and compliance with donor regulations is highly desirable.
- Proficiency in financial reporting and accounting software (e.g., SAGE, QuickBooks) and experience in ERP system implementation or enhancements.
- Knowledge of internal controls and risk management frameworks.