Finance Officer at Oxfam

Internal Job Grade: D2
Contract type: 1 Year Fixed Term
Job Family: Business Support
Reporting to: Finance Manager
Staff reporting to this post: Finance Assistant

Job Purpose

• The finance Officer will support the delivery of all financial management functions of according to Oxfam Financial Manual, including but not limited to petty cash management, time sheets recording, monthly payroll processing and the monitoring of financial activities and requirements as they relate specifically to Oxfam’s relationship with partner organisations.
• S/he will check all expense supporting documentation to ensure compliance with organization’s policies and related law, prior to obtaining approvals and payment processing.
• S/he will coordinate and act as focal point for issues relating to finance for the Taraba field office.

Key Responsibilities and Accountabilities
Financial Planning, Budgeting and reporting:

• Assist in preparation of the phased budget for the project.
• Review budget, activity plans and partnership agreements to ensure compliance with donor requirements and Oxfam policies and procedures.
• Assist with regular forecasting of project budget utilisation and in effectively managing the resources for the respective projects.
• Produce accurate, complete, and consistent financial accounts, comments and supporting documentation for inclusion in project budget planning.
• Supports on the finance implementation of projects.
• Coordinates with Finance Manager on the finance implementation of the grants implemented by counterparts.
• Prepares monthly financial progress reports (budget monitoring reports) for project, and provide all relevant parties with effective budget analysis.
• Support and advice programme team on all relevant finance issues regarding project management.
• Produce accurate, complete, and consistent financial accounts, comments and supporting documentation for inclusion in donor reports, ensuring that all donor reporting deadlines are met and that reports adhere to donor requirements before sign-off by the Finance Manager

Financial Transaction and Cash Management:

• Ensure the management of cash and treasury including timely and accurate payments of suppliers and locally hired short and long- term staff.
• Ensure cash and banks accounts are regularly reconciled. Manage and oversee projects inventory, capital equipment and issues related to offices and guest houses management
• Ensure detailed and accurate records of all financial transactions are maintained physically and electronically in accordance with generally accepted accounting principles
• Check accuracy, completeness and validity of financial data before payment and posting into Finance system.
• Review payment vouchers to ensure that correct budget codes are charged and also approvals have been made with appropriate delegated authority.

Financial Control & Risk Management:

• Support the development of risk mitigation strategies in order to eliminate loss or fraud.
• Carry Out financial/ compliance risk assessment of financial and organisational systems of partner organisations according to Oxfam’s partner assessment tools, in line with donor requirements.
• Proactively review and identify any potential issues which would interfere with reporting requirements and/or meeting compliance standards and take appropriate action to resolve them.
• Maintain an effective reports monitoring system, ensuring adherence to Oxfam policies and procedures on partner management.
• Highlight and indicate financial processes that need to be changed to optimize group value.

Donor and Partner Management:

• Proactively review and identify any potential issues which would interfere with reporting requirements and/or meeting compliance standards and take appropriate action to resolve them.
• Visit partner organhsations to fully understand the context and operating environment they work in to ensure effective support is provided.
• Participate in regular meetings with partner organisations to ensure that the working relationship between them and Oxfam is positive, open and conducive to the successful achievement of agreed objectives.

Educational, Experience & Competence
Essential:

• First degree or equivalent in Finance, Accounting, Business Administration, Economics or any Social Science discipline.
• Minimum of 5 years experience of all core financial management activities, including accounts payable, bookkeeping cash management, budget development, statutory requirements and standard accounts
• 2 years proven knowledge and experience of grant accounting and sound experience with donors funding regulations, procedures and reporting requirements
• Monthly WHT report preparation/submission to TAX inspection; compiling financial documents for audit reviews as needed
• Strong numerical skills and experience using a computerized financial management information system
• Good analytical skills and experience using a computerised information management system (Ms. Word, Excel, Accounting software etc.)
• A critical focus on providing a superior service level to managers and colleagues and delivering agreed results within time and budget constraints and to expected standards
• Excellent organization skills and flexible approach to planning comprehensively, managing and prioritizing effectively a high workload and multiple tasks and deadline
• Ability to adjust to constantly changing situations while maintaining focus on delivery and follow-through
• Good analytical and conceptual thinking skills with a proven proactive approach to identifying and resolving problems and suggesting Improvements that continuously seek to provide a better service to Oxfam.
• Excellent personal communication skills, in written and verbal English
• Ability to represent Oxfam in a professional and competent manner with external individuals and organisations
• Proven experience as a team worker and demonstrably cooperative with members of other teams, responding quickly and accurately to queries and issues
• Commitment to Oxfam’s overall aims and policies and experience of promoting women’s rights and the interests of marginalized people in all aspects of Oxfam’s work

Desirable:

• Recognised accountancy qualification (ACA, ACCA, CIMA) and relevant post qualification experience
• Knowledge or experience of Oxfam’s (or similar organisation’s) program work, including field experience and/or with institutional donors
• Knowledge and for experience of common Oxfam norms objects, standards and tools

Key Behavioural Competencie
Competencies Description:

• Relationship Building: We understand the importance of building relationship, within and outside the organization. We have the ability to engage with traditional and non-traditional stakeholders in ways that lead to increased impact for the organization.
• Humility: We put ‘we’ before ‘me’ and place an emphasis on the power of the collective, nurture the team and play to the strengths of each individual. We are not concerned with hierarchical power, and we engage with, trust and value the knowledge and expertise of others across all levels of the organization.
• Listening: We are good listeners who can see where deeper levels of thoughts and tacit assumptions differ. Our messages to others are clear and consider different preferences.
• Mutual Accountability: We can explain our decisions and how we have taken them based on our organizational values. We are ready to be held to account for what we do and how we behave, as we are also holding others to account in a consistent manner.
• Systems: Thinking We view problems as parts of n overall system and in their relation to the whole system, rather than reacting to a specific part, outcome or event in isolation. We focus on cyclical rather than linear cause and effect. By consistently practicing systems thinking we are aware of and manage well unintended consequences of organizational decisions and actions.

Annual Budget
The Oxfam Country Programme has a budget of over €15 million.