Senior Finance Officer at Africa Enterprise Challenge Fund (AECF)

The Role

• The Senior Finance Officer will support sound management decisions related to the organization’s financial sustainability. The role holder will be responsible for developing institutional and program proposal budgets based on AECF’s strategy and a regularly updated cost structure. The incumbent will be responsible for conducting a continuous financial sustainability analysis, developing management & board financial reports, and ensuring compliance with AECF’s and donor policies and regulations
• This role will report to the Head of Finance.

Key Responsibilities

• Financial planning, including preparation of institutional and program budgets, cash flow forecasts, and implementing appropriate budgetary controls.
• Preparation of timely, accurate, and relevant management and board financial reports and any other management information that may be required occasionally.
• Production of annual institutional financial statements.
• Develop and regularly update program-specific budget and financial reporting templates for AECF and investees.
• Ensure institutional and all program audits are conducted on time and audit findings are resolved adequately.
• Perform financial forecasting, reporting, and tracing of the relevant metrics.
• Analyse financial data and create financial models based on AECF’s focus areas for decision support.
• Support the continuous analysis of trends and forecasts, review AECF’s cost structure, and recommend any needed adjustments for optimization.
• Monthly review of budget vs expenditure reports for all programs, ensuring that expenditure is within approved budgets and in compliance with donor rules & regulations.
• Convene quarterly program financial review meetings and oversee implementation of agreed actions.
• Support the Head of Finance in strengthening and ensuring adherence to the internal control systems.

Suitable candidates should possess:

• Bachelor’s degree in Finance or Economics from a recognized university.
• Professional qualification in Finance (CPA, ACCA) or related fields is mandatory.
• Membership to a professional body.
• Demonstrable experience of at least (5) years managing the finances of a $20 million international non-profit organization with a mix of funding sources, preferably bilateral donors.
• Experience with bilateral donors such as FCDO, GAC and SIDA.
• Strong proficiency in advanced Excel features.
• Ability to communicate clearly and concisely both orally and in writing.
• Fluency in English is required, proficiency in additional languages – French is preferred.