Finance Coordinator at Concern for Women and Children Development Foundation (COWACDI)

Job Summary:

• The Finance Coordinator is responsible for managing and overseeing the financial operations of the organization, ensuring compliance with internal policies, donor regulations, and local statutory requirements.
• This role involves budgeting, financial reporting, cash flow management, and capacity building of finance staff to ensure efficient and transparent financial management.

Key Responsibilities:

Financial Management:

• Oversee all financial transactions, including payments, receipts, and disbursements, ensuring compliance with policies and procedures.
• Prepare monthly, quarterly, and annual financial reports for management, donors, and stakeholders.
• Develop and maintain financial systems, including accounting software and filing systems.
• Monitor and manage cash flow to ensure liquidity and efficient use of resources.

Budgeting and Forecasting:

• Coordinate the preparation of annual budgets and periodic forecasts in collaboration with program teams.
• Monitor budget utilization and provide variance analysis to management.
• Ensure that budget revisions are prepared and submitted as required by donors. Compliance and Audit:
• Ensure adherence to organizational policies, donor guidelines, and local statutory regulations.
• Coordinate internal and external audits, including preparing necessary documentation and responding to audit queries.
• Identify financial risks and implement mitigation strategies.

Capacity Building:

• Train and mentor finance staff on financial policies, procedures, and donor requirements.
• Support non-finance staff in understanding budgeting and financial management concepts. Grant and Donor Management:
• Monitor financial aspects of grant agreements, including reporting deadlines and fund utilization.
• Prepare and review financial reports for submission to donors.
• Ensure all financial records related to grants are accurate and up to date.

Coordination and Representation:

• Liaise with banks, auditors, tax authorities, and other external stakeholders as needed.
• Represent the organization in financial discussions with donors and partners. Qualifications:
• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• Professional certifications such as CPA, ACCA, or equivalent are highly desirable.

Experience:

• Minimum of 5 years of experience in financial management, preferably in the humanitarian or development sector.
• Experience working with donor-funded projects and knowledge of donor regulations (e.g., USAID, EU, UN).

Skills and Competencies:

• Strong understanding of financial principles, accounting practices, and grant management.
• Proficiency in financial software (e.g., QuickBooks, SAP) and advanced Excel skills.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong attention to detail and organizational abilities.
• Ability to work under pressure and meet deadlines.
• Knowledge of local tax laws and regulations is an advantage.