Finance Officer at Five Teams Empowerment Initiative (5TEi)

Purpose of the Position

The finance officer will support the effective financial management of the organization by ensuring accurate accounting, budget control, donor compliance, and timely financial reporting. The role is critical in safeguarding organizational resources and ensuring accountability to donors, partners, and beneficiaries.

Key Responsibilities

• Maintain accurate financial records in compliance with organizational and donor requirements.
• Prepare payment vouchers, process invoices, and manage disbursements.
• Perform bank reconciliations and monitor cash flow regularly.
• Assist in preparing annual budgets, project budgets, and budget revisions.
• Monitor project/grant expenditures and ensure funds are spent according to approved budgets and donor guidelines.
• Prepare monthly, quarterly, and annual financial reports for management and donors.
• Support payroll preparation and statutory remittances (tax, pension, etc.).
• Maintain and monitor petty cash and field cash advances.
• Ensure proper documentation and filing of all financial transactions.
• Support procurement processes by verifying financial documentation and budget availability.
• Prepare financial schedules and supporting documents for internal and external audits.
• Ensure compliance with financial policies, donor regulations, and local statutory requirements.
• Assist in capacity building of program staff on financial compliance and budget utilisation.

Key Deliverables

• Accurate and timely financial reports.
• Up-to-date accounting records and reconciliations.
• Effective budget monitoring and variance analysis.
• Timely processing of payments and staff advances.
• Compliance with donor financial regulations.
• Audit-ready financial documentation.

Required Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• Professional certification such as the Institute of Chartered Accountants of Nigeria (ICAN) or the Association of Chartered Certified Accountants (ACCA) is an added advantage.
• Minimum of 2–3 years’ experience in finance or accounting, preferably in an NGO or donor-funded project.
• Strong understanding of donor compliance requirements (e.g., grants, restricted funds, reporting).
• Proficiency in accounting software such as QuickBooks, Sage 50, or other ERP systems.
• Strong proficiency in Microsoft Excel.

Core Competencies & Skills

• Knowledge of NGO financial management and donor regulations.
• Strong analytical and budgeting skills.
• Attention to detail and accuracy.
• High ethical standards and integrity.
• Good planning and organizational skills.
• Ability to work independently and within a team.
• Strong communication and interpersonal skills.
• Ability to work under tight deadlines.

Safeguarding & Code of Conduct

The Finance Officer is expected to:

• Uphold the 5TEi safeguarding policies to protect children, vulnerable adults, and communities.
• Ensure accountability, transparency, and ethical management of resources.
• Adhere to anti-fraud, anti-corruption, and whistleblowing policies.
• Promote inclusiveness, respect, and non-discrimination in all interactions.
• Maintain confidentiality of sensitive financial and organisational information.
• Report safeguarding concerns or financial misconduct promptly.

Method of Application:

Interested and qualified candidates should submit their application, including a cover letter and resume, in a single PDF file to recruitment@fiveteams.org and copy hr@fiveteams.org using the position as the subject of the email.

Attention:

• We are committed to a transparent recruitment process. No payment is required at any stage of this recruitment. Any individual requesting payment in money or kind, in exchange for an employment opportunity, is acting fraudulently and not on behalf of 5TEi.
• Dual employment is considered gross misconduct and is therefore unacceptable.
• The application should be sent through the indicated channel; else, the application will not be entertained.
• Only shortlisted candidates will be contacted for the next stage.
• 5TEi reserves the right to cancel any step or the whole of the recruitment process at any stage.
• 5TEi takes this opportunity to thank all potential candidates for their application.