Chief Financial Officer (CFO) at Development Alternatives Incorporated (DAI)

We are recruiting to fill the position below:

Job Title: Chief Financial Officer (CFO) – BMGF Africa HCD+

Job Code: 7447
Location: Abuja, Nigeria

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: 
  • Health and Nutrition; 
  • Education, skills and labour participation; 
  • 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: 
  • Create transparency on the HCD performance across the continent; 
  • Advocate with heads of state and decision-makers to make HCD a priority; 
  • Ensure effective coordination and collaboration with stakeholders and decision-makers; 
  • 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

• The CFO is responsible for financial reporting, performance, accounting operations, and compliance with all financial regulations and procedures. 
• 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. 
• Produce the monthly financial management information pack, budget and forecast preparation, internal control policies and financial risk management. 
• The CFO will report to the Executive Director.

Responsibilities & Duties

• Manage all accounting operations, including A/R, A/P, GL and Revenue Recognition
• Ensure all financial transactions are properly recorded, filed and reported
• Oversee the preparation and publishing of timely financial statements and other regulatory reporting
• Coordinate and direct the preparation of the budget and financial forecasts and report variances
• Coordinate month-end and close year-end process
• Create monthly and annual reports to identify results, trends, and financial forecasts;
• Manage cash flow by tracking transactions and regularly reviewing internal reports;
• Establish and implement financial reporting systems to comply with accounting standards, rules and regulations, taxes, policy, and procedures;
• Standardize and streamline accounting operations
• Implement proper internal controls, coordinate audit processes, and ensure the accuracy of financial information.
• Implement corporate governance procedures and risk management controls
• Overseeing monthly, quarterly and annual Financial Reporting.
• Prepare the statement of accounting policies for the audited financials in compliance with the IFRS.
• Ensuring all reports adhere to Accounting standards, rules, regulations, local filing requirements and accounting best practices.
• Developing financial analysis tools to assist in monitoring budgets and compliance
• Develop and maintain the compliance review strategies, plans, initiatives and processes.
• Supervising audits of processes and controls by ensuring conclusions are accurate, complete, and discussed with management promptly.
• Development and implementation of a formal Risk Management Framework
• Ensuring compliance with CIT, VAT, and other local taxes.
• Evaluating systems and processes to identify opportunities for improvement

Requirements & Specifications

• 10 – 12 years of relevant experience / progressive responsibility in finance and accounting, internal controls, and project operations at the senior level
• ACA or ACCA membership  is compulsory 
• A proven ability to develop and manage large budgets and in-depth knowledge of Cost Accounting Standards.
• Demonstrated experience in supervising project operations, procurement, subgrants and subcontracts, auditing, and accounting/finance.
• Analytical and forward-thinking problem solver with high ethical standards and professionalism.
• Demonstrated experience and knowledge in establishing operations and financial systems.
• Excellent organizational, analytical, oral, and written communications skills
• Demonstrated ability to work well in a Team
• Proficient in Microsoft programs, i.e., Excel, Word, PowerPoint, etc., and can use various commercially available accounting software programs.
• Strong in leadership, versatility, and integrity.

Language:

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

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online