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CHIEF FINANCIAL OFFICER-- BMGF AFRICA HCD+ [ABUJA]   DETAILS

JOB NAME

Chief Financial Officer-- BMGF Africa HCD+ [Abuja]


POSTED BY: DAI INTERNATIONAL
REF:DAI 37
Date Published:Friday, November 25, 2022
Date of Expiration:Wednesday, May 24, 2023 EXPIRED
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LOCATION OF THIS JOB
 Nigeria |  ABUJA in Nigeria
INDUSTRY
DEVELOPMENT FINANCE INSTITUTIONS
JOB TYPE
Full-Time
MAIN JOB DESCRIPTION
City/Country Location Details: Abuja, Nigeria
Job Code: 7447

ABOUT
DAI is a global development company with corporate offices in the United States, the United Kingdom, EU, Nigeria, Pakistan, and Palestine and project operations worldwide. We tackle fundamental social and economic development problems caused by inefficient markets, ineffective governance, and instability. DAI works on the frontlines of global development. Transforming ideas into action—action into impact. We are committed to shaping a more livable world.
DAI and its employees are committed to confronting racism and holding ourselves accountable for positive change within the company and in the communities, cultures, and countries in which we live and work. DAI is committed to attracting and retaining the best employees from all races and backgrounds in our continued effort to become a better development partner.
DAI upholds the highest ethical standards. We are committed to the prevention of sexual exploitation, abuse, and harassment as well as other ethical breaches. All of our positions are therefore subject to stringent vetting and reference checks.
DAI is an equal opportunity/affirmative action employer with a commitment to diversity. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

BACKGROUND OF THE PROJECT
Africa (HCD+) is a platform funded by Bill and Melinda Gates Foundation (BMGF) and will have the capability to serve as an African voice for advocacy, accountability and transparency on HCD. It will seek to accelerate political commitments, decision-making and funding for key priorities towards realising SDGs #1-6 in Sub-Saharan Africa. It aims to incubate regional advocacy and technical assistance hub on Human Capital Development towards increasing African Government's commitment, funding, and accountability to HCD. The platform, through increased HCD advocacy, focuses on three pillars: (i) Health and Nutrition; (ii) Education, skills and labour participation; (iii) Entrepreneurship, financial inclusion, and digital economy.
Also, HCD sits across multiple Ministries, Departments and Agencies (MDAs) in many African governments. Hence, no organisation holds an integrated vision for HCD. An HCD-focused institution can further help the HCD agenda on the continent. It will focus on four missions: (i) Create transparency on the HCD performance across the continent; (ii) Advocate with heads of state and decision-makers to make HCD a priority; (iii) Ensure effective coordination and collaboration with stakeholders and decision-makers; (iv) Selectively drive the implementation of flagship programs in education, health and economic inclusion. The programme has since commenced its activities in Abuja.

SUMMARY OF THE ROLE:
1. The CFO is responsible for financial reporting, performance, accounting operations, and compliance with all financial regulations and procedures.
2. S/he will ensure a high service to clients and other stakeholders and take responsibility for and lead the company’s day-to-day financial and accounting requirements.
3. Produce the monthly financial management information pack, budget and forecast preparation, internal control policies and financial risk management.
4. The CFO will report to the Executive Director.

RESPONSIBILITIES & DUTIES:
1. Manage all accounting operations, including A/R, A/P, GL and Revenue Recognition
2. Ensure all financial transactions are properly recorded, filed and reported
3. Oversee the preparation and publishing of timely financial statements and other regulatory reporting
4. Coordinate and direct the preparation of the budget and financial forecasts and report variances
5. Coordinate month-end and close year-end process
6. Create monthly and annual reports to identify results, trends, and financial forecasts;
7. Manage cash flow by tracking transactions and regularly reviewing internal reports;
8. Establish and implement financial reporting systems to comply with accounting standards, rules and regulations, taxes, policy, and procedures;
9. Standardize and streamline accounting operations
10. Implement proper internal controls, coordinate audit processes, and ensure the accuracy of financial information.
11. Implement corporate governance procedures and risk management controls
12. Overseeing monthly, quarterly and annual Financial Reporting.
13. Prepare the statement of accounting policies for the audited financials in compliance with the IFRS.
14. Ensuring all reports adhere to Accounting standards, rules, regulations, local filing requirements and accounting best practices.
15. Developing financial analysis tools to assist in monitoring budgets and compliance
16. Develop and maintain the compliance review strategies, plans, initiatives and processes.
17. Supervising audits of processes and controls by ensuring conclusions are accurate, complete, and discussed with management promptly.
18. Development and implementation of a formal Risk Management Framework
19. Ensuring compliance with CIT, VAT, and other local taxes.
20. Evaluating systems and processes to identify opportunities for improvement
REQUIREMENTS FOR THIS JOB
REQUIREMENTS & SPECIFICATIONS
1. 10 - 12 years of relevant experience / progressive responsibility in finance and accounting, internal controls, and project operations at the senior level
2. ACA or ACCA membership is compulsory
3. A proven ability to develop and manage large budgets and in-depth knowledge of Cost Accounting Standards.
4. Demonstrated experience in supervising project operations, procurement, subgrants and subcontracts, auditing, and accounting/finance.
5. Analytical and forward-thinking problem solver with high ethical standards and professionalism.
6. Demonstrated experience and knowledge in establishing operations and financial systems.
7. Excellent organizational, analytical, oral, and written communications skills
8. Demonstrated ability to work well in a Team
9. Proficient in Microsoft programs, i.e., Excel, Word, PowerPoint, etc., and can use various commercially available accounting software programs.
10. Strong in leadership, versatility, and integrity.

Language:
Fluency in English. A good understanding of French language is an added advantage


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