Finance Officer at Africa Youth Growth Foundation

Position Overview

• TheFinance Officer supports the Finance Manager in managing financial activities, ensuring compliance with regulations, and maintaining accurate financial records for the organization.
• This role involves assisting in budgeting, financial reporting, and day-to-day financial operations.

Key Responsibilities

Financial Data Entry and Recordkeeping:

• Enter financial transactions into accounting software accurately and in a timely manner.
• Maintain organized and up-to-date financial records, including receipts, invoices, and expense reports.
• Assist in reconciling bank statements and verifying accuracy of financial data.

Budget Support:

• Assist in the preparation of budgets for projects and programs.
• Monitor budget expenditures and assist in budget variance analysis.
• Provide support in budget revisions and forecasting as needed.

Financial Reporting Assistance:

• Support the Finance Manager in preparing financial reports, including income statements, balance sheets, and cash flow statements.
• Assist in compiling financial data for donor reports and grant compliance.
• Ensure accuracy and completeness of financial reports and submissions.

Accounts Payable and Receivable:

• Process accounts payable transactions, including vendor invoices and expense reimbursements.
• Assist in managing accounts receivable, including invoicing and tracking payments from donors and partners.
• Monitor outstanding payments and follow up on overdue invoices.

Compliance and Documentation:

• Assist in ensuring compliance with financial regulations, donor requirements, and organizational policies.
• Maintain documentation and records related to financial transactions, grants, and contracts.
• Support internal and external audits by providing requested documentation and information.

Financial Analysis Support:

• Assist in conducting financial analysis to identify trends, variances, and areas for improvement.
• Prepare financial reports and presentations for management review and decision-making.
• Contribute to financial planning and forecasting processes.

Requirements

The ideal candidate should have;

• A Degree in Accounting, Finance, or a related field is strongly preferred.
• At least 3 years of finance experience in donor-funded projects.
• Preferrably candidate should reside in Edo State or shoud be willing to relocate.

Skills / Competencies:

• Strong management, communication, and negotiation skills, and the ability to collect data from multiple partners.
• In-depth knowledge of Microsoft suits such as Excel, Word, and PowerPoint.
• Knowledge of local financial and accounting systems is preferred.
• Knowledge of donor regulations, policies, and procedures and familiarity with grants management.