Finance Manager at Africa Youth Growth Foundation

Role Overview

• The Finance Manager will lead AYGF’s financial management, ensuring accountability, compliance, efficiency, and sustainability across projects and organizational operations.
• The role entails oversight of financial systems, donor compliance, budgeting, reporting, audits, treasury management, and capacity-building of finance staff to support AYGF’s mission.

Key Responsibilities
Strategic Financial Leadership:

• Lead annual budgeting and quarterly reforecasting processes.
• Ensure alignment of budgets with AYGF’s strategic plan and project objectives.
• Provide financial analysis and advisory support to management.
• Support proposal development with accurate budgeting and cost analysis.
• Promote cost-efficiency and long-term financial sustainability.

Financial Management & Reporting:

• Maintain accurate, up-to-date financial records in compliance with IFRS/IPSAS and donor standards.
• Prepare and submit monthly, quarterly, and annual financial reports (internal and donor-specific).
• Monitor budget utilization and advise program leads on variances.
• Ensure timely bank reconciliations and financial closings.
• Manage cash flow forecasting and liquidity planning.

Donor & Grant Compliance:

• Review donor contracts to understand financial obligations.
• Ensure funds are utilized strictly in accordance with donor agreements.
• Prepare donor financial reports and supporting documentation.
• Coordinate donor financial reviews and audits.
• Maintain 100% compliance with grant requirements.

Internal Controls & Risk Management:

• Strengthen and monitor internal control systems to mitigate fraud and financial mismanagement.
• Identify financial risks and propose mitigation strategies.
• Ensure segregation of duties and approval processes are adhered to.
• Promote transparency, accountability, and ethical financial practices.

Regulatory & Statutory Compliance:

• Ensure compliance with Nigerian statutory requirements (PAYE, Pension, NHF, taxes, etc.).
• Oversee timely remittance of statutory deductions.
• Maintain zero tolerance for financial irregularities.
• Ensure full adherence to AYGF’s finance and procurement policies.

Audit Coordination:

• Prepare for and coordinate annual external audits.
• Facilitate donor audits and financial reviews.
• Address audit findings and implement corrective actions within agreed timelines.

Procurement & Asset Management Oversight:

• Oversee procurement processes to ensure compliance with policy and donor rules.
• Ensure proper asset tracking and maintenance of asset registers.
• Monitor value-for-money and cost-effectiveness in purchasing.

Team Leadership & Capacity Building:

• Supervise, coach, and mentor finance staff.
• Build financial literacy and compliance awareness among program teams.
• Foster collaboration between finance, programs, and operations units.
• Promote continuous improvement in financial systems and processes.

Key Performance Indicators (KPIs)

• 100% on-time submission of financial reports.
• Budget variance maintained within ±10%.
• Zero statutory non-compliance incidents.
• 100% donor reporting compliance.
• All audit recommendations resolved within timelines.
• Minimum 3 months operating reserve maintained.
• 95% of payments processed within agreed timelines.
• Zero unapproved expenditures charged to donor funds.
• ≥80% satisfaction rating from program teams on finance support.
• At least 5% annual overhead cost efficiency improvement.

Qualifications & Experience

• Bachelor’s Degree in Accounting/Finance (Master’s is an advantage).
• ICAN, ACCA, or equivalent certification preferred.
• Minimum 5 years’ experience, preferably in the NGO sector.
• Strong knowledge of donor regulations and financial management systems.

Core Competencies

• Strategic thinking
• High integrity and ethical standards
• Strong internal control orientation
• Detail-oriented with analytical depth
• Ability to work under pressure and meet strict deadlines
• Strong stakeholder management.