Job Description
General Role Summary
- The Finance Officer works in collaboration with other finance staff to support the Head of Finance/Finance Manager to ensure that LETSAI operates within a healthy financial environment and meets all of its obligations and accountabilities on time.
- The position holder supports to establish, operate, and maintain good financial systems and controls.
- In addition, he/she supports the conduct and management of audits, prepares donor and operational budgets, and facilitates procurements processes.
- The Finance Officer is responsible for the day-to-day management of financial transactions and procedures in line with organizational and Donor policies and principles.
Essential Job Accountabilities
General accounting
- In collaboration with other finance, Admin and Programme staff ensure that accurate records for all daily transactions are kept in the right format and place.
- Prepare balance sheets and other reports as may be required.
- Process invoices in support of payments as may be required.
- Review/record accounts payable and accounts receivable in line with organizational policies, and accounting standards.
- Ensure that the financial system is always up to date with financial data.
- Manage petty cash
- Perform any other accounting duty that may arise from time to time.
Banking
- Ensure that all banking transactions are done on time with very minimum risk and in line with organisational and donor policies.
- In collaboration with other finance staff, support the Finance Manager and the Executive Director to reconcile bank statements.
- Work with programme team to prepare all budgets that may be required.
- Ensure that petty cash is managed in line with organisational policies and practices.
- Auditing, Financial Management and Reporting
- Support the preparation of month end/quarterly financial reports.
- Support both the conduct and management of internal and external audit processes.
- Provide support to the Head of Finance/Finance Manager to implement all audit recommendations.
- Prepare and submit monthly management and donor reports to Senior Management Team(SMT) Grant Management and Compliance.
- Support the Operations team to meet programme management requirements.
- Enforce compliance with national, organisational and donor conditions as applicable
- In collaboration with the Operations team, support the effective management of grants by ensuring that all grant conditions (including procurement, reporting and extensions) are met.
- In collaboration with the operations team, ensure that routine grant monitoring mechanisms (like monthly and quarterly budget meetings) are held and actions implemented.
- Ensure documentation and filing of project activities are done in compliance with
- Organisation and donor policies and procedures.
- Support in forecast preparation and Management
Required Skills, Knowledge & Qualifications
Essential
- A degree in Finance, Accounting or Economics with at least two years of post-qualification experience.
- A professional qualification such as ACA, CNA, or any other foreign qualification like ACCA, CIMA is an added advantage
- A solid knowledge of financial and accounting procedures
- Experience in using financial software like QuickBooks, ProMIS etc
- Advanced MS Excel skills
- Knowledge of financial and tax regulations
- Excellent analytical and numerical skills
- Strong ethics, with an ability to manage confidential data.
Desirable
- Honesty and integrity are desired attributes in this role.
- Multitasking and ability to work under pressure.