Finance and Grants Accountant at The Wellbeing Foundation Africa (WBFA)

Responsible to: Country Director
Working Hours: 37.5 hours a week
Duration: Initial 12 month contract (3-month probationary period)

Scope of Work

• We are seeking a highly motivated, results-oriented individual with strong analytical and financial acumen to fill the Finance and Grant Accountant role. The successful candidate will manage the financial accounting for the organization.
• A candidate with experience in the international NGO sector would be preferable, but more importantly, the candidate will be adept in accounting, planning, and budgetary management.
• Ad hoc finance tasks would also be required of the candidate.
• The Finance Accountant will be responsible for WBFA’s day-to-day endowment programs accounting related functions, including but not limited to financial compliance, financial management, accounting, budgeting, and budget monitoring per WBFA’s policies, strategies, plans, and decisions made by the Board of Trustees, the Founder-President and Senior Management.

Key Responsibilities

• Enhance and maintain an adequate system for compliance, finance & accounting, & budgeting within WBFA as required to facilitate the delivery of WBFA’s programmatic objectives and achievement of results.
• Effective coordination, communication, and collaboration are established and maintained across WBFA and within-country stakeholders for the effective and efficient financial management of grants and programs fully compliant with WBFA internal control procedures and national policies/regulations.
• Essential financial office services are effectively provided to enhance staff productivity.

Financial Accounting:

• Review financial transactions to ensure accuracy of information and compliance;
• Make payments, such as reimbursements, cash advances, and direct transfers to vendors on time;
• Ensure financial vouchers and requisitions have sufficient supporting documentation;
• Oversee the finance and admin procedures to ensure that information and payment requests are reconciled against vouchers.

Financial Management:

• Lead in the monthly endowment programs close processes;
• Reconcile monthly bank account balances;
• Review accounting transactions to ensure accuracy of information and compliance with policies and procedures;
• Prepare monthly preliminary and final financial statements for the country program;
• Use accounting tools to coordinate with Program Managers in following up their monthly internal cash forecast, and measure project budget variance;
• Lead in the monitoring of financial activities for the founders endowment and prepare expenditure reports for program managers as needed;
• Establish and maintain effective working relationships with program managers/staff members;
• Lead in the preparation of annual organizational budgets and periodic forecasts;
• Assist in preparing donor budget proposals as needed
• Assist in the preparation of audits financial statements if required.

Statutory and Regulatory Compliance:

• Coordinate with auditors for annual audits and coordinate donor audits;
• Maintain banking relationships;
• Work closely with the legal advisors for labour laws and other legal matters.

Skills and Experience

• Bachelor's Degree in Finance or Accounting, Banking or a related financial discipline.
• Master's Degree in Finance or recognized accounting professional qualification (e.g., ICAN) will be an added advantage.
• Minimum of 3 years of professional experience in a rigorous organization
• Excellent Knowledge of Microsoft Operating Systems with a strong command over MS Excel.
• Working Knowledge of ERP Accounting Software (Knowledge of QuickBooks and Unit 4/Agresso will be an added advantage).
• High level of integrity and dependability with leadership qualities.
• Experience in managing donors' funds and executing their financial reporting requirements.
• Highly developed analytical and problem-solving skills.
• Excellent interpersonal and communication.

Salary
N250,000 monthly (Gross).