Finance and Admin Manager at Nigerian Red Cross Society

Financial planning:

• Contributes to Business Entity strategy planning and development. Leads the budgeting process and guides the team on compliance and rationalisation.
• Provides technical support to budget holders in development of their budgets.
• Support in fund raising strategies and putting supportive systems in place to ensure accountability
• Oversees cash flow management process, making sure that funds are available for operational use. Coordinates cash forecasts with Business Entity Staff.
• Reviews monthly budget monitoring reports and take corrective action

Accounting and book keeping

• Oversees payment process to ensure that all transactions are within accepted standards and in accordance with laid down processes
• Set up a functioning accounting system that ensures transactions are captured accurately and on a timely manner
• Set up a month end calendar and ensure it is strictly adhered to
• Reviews and validates all balance reconciliations
• Maintaining proper physical files and computer files and folders to enable easy retrieval of information by the organisation and others

Internal controls

• Set up water tight systems and procedures that aim at safeguarding organisations assets against loss due to errors or fraud
• Evaluating internal control system and procedures, highlights the shortcomings and implementing necessary recommendations
• Puts in place approval matrix and ensures the limits are strictly adhered to.
• Payments are done in accordance with laid down process, ensuring monthly reconciliation is done

Financial reporting

• Provides financial information to management for decision making.
• Ensures flow of financial information is done in a systematic manner-Monthly and quarterly reports
• Prepares statutory financial reports on a timely manner

Building and maintaining good team work spirit and cooperation between finance and programme,

• Ensuring programme staff are trained in relevant aspects of financial management
• Participation in regular project management meetings
• Ensuring a proper understanding of field operations, including risks and practical limitations.

Audit and risk management

• Prepares for external audit and ensures auditors get full access to financial information required for the purpose of audit
• Support in addressing management comments and adopting audit recommendations-Come up with plan of action to address management comments.
• Together with the internal auditor, identify organisational risks and develop a plan of action to mitigate the risks