Finance Officer at Kalobeyei Initiative for Better Life (KI4BLI)

About the role

Kalobeyei Initiative for Better Life is seeking to recruit a highly skilled and experienced Finance Officer. The successful candidate will play a vital role responsible for managing KI4BLI's financial operations, ensuring accurate financial record-keeping, compliance with organizational and donor policies, and supporting effective financial planning and reporting. The role involves developing and overseeing budgets, processing payments, tracking expenses, preparing financial reports, and contributing to the overall financial health and sustainability of the organization.

Responsibilities

Financial Management

• Oversee the day-to-day financial operations, including accounts payable, accounts receivable, and payroll.  Ensure accurate and timely processing of payments to suppliers, staff, and beneficiaries as need be. Maintain cash flow and ensure sufficient funds are available for programmatic and operational needs.

Budgeting and Financial Planning

• Support the preparation of annual budgets in collaboration with program and administrative teams. Monitor budget utilization and provide regular updates to the Head of Administration and senior management. Assist in financial forecasting and resource planning to align with organizational goals.

Accounting and Record-Keeping

• Maintain accurate and up-to-date financial records in compliance with organizational policies and accounting standards.
• Ensure proper documentation and filing of all financial transactions for audit and reference purposes.
• Reconcile bank statements, cash books, and other financial records regularly.

 Financial Reporting

• Prepare monthly, quarterly, and annual financial reports for internal and external stakeholders, including donors.
• Support the preparation of donor-specific financial reports, ensuring compliance with grant requirements.
• Provide financial insights and recommendations to aid decision-making by senior management.

Compliance and Risk Management

• Ensure adherence to KI4BLI’s financial policies, procedures, and donor requirements.
• Monitor and mitigate financial risks, including fraud, mismanagement, and noncompliance.
• Support external and internal audit processes by providing necessary financial documentation and responses.

Capacity Building and support

• Provide financial guidance and training to program and administrative staff on budget management and compliance.
• Assist in developing and implementing financial policies and procedures to improve efficiency and accountability.

Systems and Process improvement

• Identify opportunities to enhance financial systems and processes for improved efficiency and accuracy.
• Work with relevant teams to implement financial management tools and software where necessary.
• KI4BLI is an equal opportunity employer. We value diversity and encourage applications from all qualified individuals, including women, youth, and persons with disabilities.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• Professional certification such as CPA, ACCA, or equivalent is an added advantage.
• Minimum of 3 years of experience in financial management, preferably in the NGO sector.
• Strong understanding of financial regulations, donor requirements, and compliance standards.
• Proficiency in financial management software and tools.

Key Competencies

• Strong analytical and problem-solving skills.
• High attention to detail and accuracy in financial reporting.
• Excellent organizational and time-management abilities.
• Strong communication and interpersonal skills
• Ability to work under pressure and meet deadlines.
• High level of integrity and ethical conduct in financial dealings
• Tech and innovation driven