Finance Controller Job at TechnoServe Kenya… See details on how to apply for the opportunities available at TechnoServe Kenya.
Descriptions;
TechnoServe works with enterprising people in the developing world to build competitive farms, businesses and industries. We are a nonprofit organization that develops business solutions to poverty by linking people to information, capital and markets. Our work is rooted in the idea that hardworking people can generate income, jobs and wealth for their families and communities. With more than four decades of proven results, we believe in the power of private enterprise to transform lives.
RESPONSIBILITIES:
Finance and Accounting
- Oversee the day-to-day operations of the finance department, including but not limited to timely payments to suppliers, timely posting of financial transactions in the system, proper coding of expenses by program staff, proper supporting documents that can withstand an audit etc
- Establish and document a cost-sharing basis for shared costs and periodically review and document the rationale as and when new factors come into play
- Manage payroll and expense reimbursements to staff
- Monitor the liquidity position of Kenya cash positions to ensure that business cash flow adequately supports projects activities. Manage currency fluctuations in the country.
- Ensure timely monthly closure in compliance with TNS timelines and GAAP.
- Maintain all balance sheet accounting, producing consistent and accurate supporting schedules and reconciliations.
- Provide support in all aspects of financial management for sub-grantees and monitor agreements to ensure compliance with donor financial regulations and guidelines
- Review financial reports of sub-grantees, whenever applicable, and ensure that expenditures are in line with the budget and in compliance with donor regulations
- Effectively communicate and present critical finance matters to the country director and the regional financial controller
- Provide detailed financial analysis to support any critical decision making for TechnoServe
Budgeting, Monitoring and Reporting
- Lead the annual country budgeting process as well as mid-year budget reviews
- Discuss monthly budget tracking reports with program managers and ensure spending is within budget and corrective action taken in case of unfavorable variances
- Lead the quarterly burn rate calls with HQ finance management and the country and regional directors
Program Support
- Assist TNS Kenya program managers on the financial oversight of their awards by providing internal financial analysis on a monthly basis, utilizing country reports updated in the shared drive.
- In collaboration with the regional financial controller (RFC) and Kenya country office finance team, ensure country program invoicing is in line with approved donor budget and donor reporting requirements.
- Conduct and/or lead budget realignment process for each program. Study previous budget trends and take into consideration the benefits and losses during the previous financial years due to budget planning. Analyze and understand costs to date and proposed work plan to the end of the program
- Develop compliant, competitive and accurate cost proposals for new program proposals
- Provide leadership for budget preparation, formulation, presentation, and execution according to the requirements of the specific donors.
- Develop detailed budget narratives/ notes that explain and support all budget assumptions, following the line items in the budget closely, identifying the costs and the basis for the costs
- Create budget crosswalks from TNS’s template to the donor’s budget template(s).
- In collaboration with the grants & contracts department, ensure and evaluate full recovery of overheads as stipulated by internal TNS policy and/or TNS’s most current NICRA
- Review and understand the solicitation materials (ie RFP), TechnoServe’s internal technical design (i.e. log frame) and emerging technical proposal that presents the technical design
- Prepare for and participate in TNS internal green team reviews, as required by TNS policy. Keep the proposal manager informed on major changes being made on the initial budget.
- The position will be required to prioritize developing cost proposals for large/complex projects and be available for the required duration; this requires a flexibility, due to the often unpredictable and changing requirements of a proposal; this may include working overtime/long hours
Basic Qualifications:
- Degree in business related subjects. MBA preferred
- Professional qualification – CPAK
- Minimum of 10 years’ experience with at least 5 years in a senior position
- Excellent knowledge of excel, access and powerpoint required; familiarity with serenic navigator, or similar finance and accounting software preferred
- Financial management and financial reporting skills.
Preferred Qualifications:
- Experience and understanding of not-for-profit accounting
- Knowledge of key donor reporting requirements (USAID, USDA, DFID, SIDA and other international donors) preferred
- Good leadership and strategic orientation skills
- Ability to control and manage financial policy and procedures and good practices/systems
- Ability to manage multiple tasks simultaneously and Excellent verbal, analytical, organizational and written skills
METHOD OF APPLICATION
Submit your CV and Application on Company Website : Click Here
Application Deadline: 15th November 2022.
