Finance Officer

Africa Enterprise Challenge Fund

The AECF is a development institution that supports businesses to innovate, create jobs, and leverage investments and markets to create resilience and sustainable incomes in rural and marginalized communities in Africa. It provides concessional capital, technical assistance, and support to the wider enabling environment for emergent and scaling SMEs. Over the past 12 years, AECF has supported almost 400 businesses in more than 40 value chains and 26 countries in sub-Saharan Africa. In the renewable energy and adaptive climate change sector, AECF has supported businesses across solar home systems, mini and microgrids, biogas, financial services, and adaptive climate change technologies. AECF focuses on agribusiness, renewable energy, and adaptive climate technology sectors while addressing the cross-cutting themes of gender, youth, and fragile contexts to reduce rural poverty, promote resilient communities, and create jobs. AECF is currently expanding its programmes in Africa and our new strategy is looking to unlock further and differently the power of the private sector to impact rural and marginalised communities. We are therefore seeking an individual who will support us in enhancing efficiency and controls in our finance department.

The role:

Reporting to a Senior Finance Officer, The Finance Officer is part of the core finance team at AECF which team is responsible for the overall financial management. The Finance Officer serves as the finance liaison to AECF’s donors and will represent AECF at any of donor and Programme partner meetings and ensure consolidation of the periodic award budgets, financial reports, strong tracking of programme expenditures, continual analysis of Programme cash flow, ensuring compliance with AECF’s and donor policies. The Finance Officer will also have responsibility over the Programme general ledger review on a monthly basis ensuring ledger data is up to date and accurate to assist in preparation of financial reports to management, donors and the Board.

Key responsibilities:

• Assist with financial planning, including preparation of project budgets, project cash flow forecasts and implementing appropriate budgetary controls.

• Producing monthly actual vs budget (variance) reports for programmes and holding monthly meetings with Portfolio teams to review the reports.

• Ensure timely processing of programme financial and accounting data, confirming such data is in accordance with the laid down procedures and policies, accurate, complete, adequately supported by all underlying appropriate documents, correctly assigned to appropriate expenses and project budget lines and donor conditions.

• Monthly review of project ledger ensuring accuracy of postings and that they align to programme design and budgets.

• Review commitments in the ERP on a regular basis ensuring they are accurate

• Prepare bank reconciliation statements for select bank accounts on a monthly basis

• Maintain primary relationship with donors and correspond with donors on all requests and questions relating to budgets and donor financial reports.

• Tracking of cost share for programs which require contribution

• Assist in external audit coordination of the project including preparation relevant audit schedules or as may be assigned.

• Preparation of project financial reports in a timely manner ensuring they are prepared in line with programme reporting templates, are accurate, and adhere to donor and AECF policies.

• Review and approve travel advance requests upon reaching Finance for budget availability and proper coding prior to payment

• Review and approve travel surrenders ensuring they are properly supported and charged to the correct projects and other dimensions

• Ensure proper management of travel advances as per policy

• Support of proposal budgets

Required qualifications and experience:

• Bachelor’s degree in Economics, Statistics, Commerce or Finance from a recognized university.

• Professional qualification in Finance (CPA, ACCA) or related field is mandatory

• Membership to a Professional body

• Demonstrable experience of at least five (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 a requirement.

• Strong proficiency in advanced Excel features.

• Ability to communicate clearly and concisely both orally and in writing.

• Fluency in English required proficiency in additional languages – French is preferred.

How to apply

If you believe, you can clearly demonstrate your abilities to meet the relevant criteria for the role register and apply on: https://recruitment.aecfafrica.org To be considered, your application must be received by: 23rd June 2022

For more information, please visit our careers page on www.aecfafrica.org

Only shortlisted candidates will be contacted