Grants Accountant at African Academy of Sciences

AAS/GA/18/002

Department

Finance

Reporting to

Head of Finance and Grants

Duration

3 Years Renewable

Closing date

8th June 2018

Position Overview

The Grants Accountant is responsible for preparing programmes financial statements, maintaining cash controls, providing financial reporting and analysis to the AAS. The incumbent performs post-award grant administration and related accounting duties working closely with the Academy finance team in carrying out financial management, budgeting, compliance of grantees, reporting to funders and conducting variance analysis.

Principal Duties and Responsibilities;

Financial Planning, Budgeting and Grant Analysis

• Initiate the process of planning and developing budgets for new grant proposals and ensuring grantees’ budgets are aligned to AAS policies as well as donor requirements
• Work with the programme managers and the Head of Finance in reviewing and approving budgets submitted by grantees and ensure financial analysis and forecasting is done to aid in decision making
• Offer the technical backstop to grantees and ensure they are equipped on how to develop budgets and budget narratives for grant application

Grantee Assessment and Capacity Building

• Assess the financial capacity of new grantees in-order to mitigate against financial risks and losses to the Academy by reviewing their internal controls, identifying areas of weakness and advising accordingly during site visits
• Support programme managers in the granting making process, ensuring grant agreements are well executed

Grant Monitoring and Financial Reporting

• Promote accountability of grants processes, funds and compliance to funders’ requirements. Ensure adherence to reporting timelines by developing and maintaining a grant tracking database to monitor the flow of grants from the time full grant documentation is received to the time the first payment is made
• Verify reported expenses to ensure they are allowable, allocable, and reasonable by maintaining a comprehensive timetable for grant financial reporting from grantees to the funders and follow-up to ensure adherence of reporting timelines
• Provide financial backstopping to grantees when implementing grants to achieve set objectives. Review of grantees reported expenses through cross examination of expenses and providing feedbacks
• Analyse financial transactions to ensure that they are correctly charged, and financial positions provided to funders are a true and fair representation of financial position. Support the Head of Finance in reviewing and consolidating grantees financial reports for grants within specified funder formats, ensuring accuracy and compliance with funders’ requirements
• Advise the programme managers and the management on current financial status by ensuring accuracy and correct coding of financial transactions and reconciliations of grants financial reports in the financial system
• Facilitate smooth, prompt (timely), and quality implementation of grants by preparing adhoc operating reports, analysis and financial statements from general and subsidiary ledgers for Management consumption

Facilitation of Grant Audits

• Mitigate financial risks by ensuring internal controls are put in place by providing support to the development and implementation systems and streamlining processes within the finance functions
• Support the audit process by addressing issues raised in audit exercises and following up on audit recommendations to ensure they are implemented
• Implement best practices on grant closure procedures and monitor how effectively high-risk grants and contracts follow comprehensive grant closure steps to ensure proper standards are upheld in management of grants

Fund Disbursement and Financial Accounting

• Process and disburse funds to grantees by ensuring funds are available in order to facilitate smooth implementation of projects. Monitor bank balances to ensure timely inter-bank transfers and healthy cash flows are maintained
• Prepare monthly bank reconciliations and maintain accurate and updated records of bank correspondences, bank Instructions and confirmations
• Promote accountability through accurate posting of financial data and correctly coding of expenses in the financial system. Ensure financial processes are adhered to for true and fair reporting; including examination of physical documents, conducting accuracy tests
• Monitor and initiate the negotiating with banks for fixed deposits placements, and other Investments and monitoring on expiring FDRs
• Participate in committees as assigned in the execution of its duties and mandates and advise the procurement committee on financial matters

Academic Qualifications

• Bachelor’s degree in Finance/Accounting or related field

Professional Qualifications

• Complete professional qualification in CPA-K/ACCA;
• Member of the Institute of Certified Public Accountants of Kenya.

Knowledge and Experience

• At least 5 years’ relevant experience in finance management with at least 2 years in grants accounting working with multi-national funders
• Working knowledge of grants accounting and financial management systems
• Advanced excel and analytical skills (Dashboard reporting, Power BI)
• Experience in sub-grantee management and capacity building

Skills and Attributes

• Ability to outline and communicate effective objectives and action plans
• Good analytical ability and numerical skills
• Demonstrate a high degree of sensitivity, confidentiality when dealing with internal and external customers
• Innovative and able to take initiative
• Have a high sense of accuracy and attention for detail
• Have good problem analysis and reporting skills
• High moral standing with impeccable integrity