Finance Officer at KNCV Tuberculosis Foundation

Purpose of the Job:

• The Finance Officer will be a key member of the USAID-funded Drug-Resistant Survey (DRS) project team at KNCV Nigeria.
• This position requires a detail-oriented individual with strong financial acumen, experience in managing USAID-funded projects, and the ability to ensure compliance with USAID regulations.
• The Finance Officer will oversee all financial aspects of the DRS project, including budget management, financial reporting, and compliance with USAID requirements.

Responsibilities:

Financial Management:

• Join to develop and maintain project budgets in accordance with USAID regulations and guidelines.
• Monitor project expenditures and ensure compliance with budgetary allocations and cost principles outlined by USAID.
• Conduct regular financial analysis to identify variances and provide recommendations for cost optimization.
• Coordinate with vendors, suppliers, and service providers to ensure procurement activities are conducted in compliance with USAID regulations.
• Maintain accurate financial records and documentation to support audit readiness and compliance with USAID requirements.
• Prompt processing of payment due to beneficiaries
• Enter all financial documents into the accounting system.
• Ensure that all project incurred expenses are timely paid, documented, and filed.
• Develop and maintain an effective professional relationship with KNCV’s Nigeria local banking institutions.
• Ensure adherence to all major financial rules and regulations which are described in the KNCV Finance Manual and other appropriate policies.
• Prepare monthly bank reconciliation.
• Perform other additional duties as assigned.

Grant Compliance:

• Ensure adherence to USAID regulations, including financial reporting requirements, allowable expenses, and audit standards.
• Prepare timely and accurate financial reports for USAID, adhering to reporting deadlines and guidelines.
• Collaborate with the Grants Manager to monitor grant agreements, track funding disbursements, and address any financial compliance issues.

Budget Planning and Forecasting:

• Assist in the development of project budgets, including forecasting expenses and revenue projections in alignment with USAID guidelines.
• Provide financial input for proposal development, including budget preparation and cost analysis.
• Monitor project spending against budget forecasts and provide regular updates to project management and USAID counterparts.

Audit and Compliance:

• Support internal and external audits by providing financial documentation, responding to audit inquiries, and implementing audit recommendations.
• Ensure compliance with USAID regulations, organizational policies, and relevant legal and regulatory requirements.

Capacity Building and Training:

• Provide training and support to project staff on financial policies, procedures, and systems, with a focus on compliance with USAID regulations.
• Promote a culture of financial accountability and transparency within the project team.

Qualifications:

• Bachelor’s degree in Finance and Accounting. Master’s degree and Accounting professional qualification is an added advantage.
• Minimum of 3 years of experience in financial management, preferably within the nonprofit sector or international development organizations, with specific experience managing USAID-funded projects.
• Strong understanding of USAID regulations, financial principles, budgeting, and grant management.
• Proficiency in financial management software and Microsoft Office Suite.
• Excellent analytical skills and attention to detail.
• Ability to work effectively in a multicultural team and communicate financial information clearly to non-financial stakeholders.
• Fluency in English Language is preferred.

The Finance Officer will play a crucial role in ensuring the financial sustainability and compliance of the USAID-funded Drug-Resistant Survey (DRS) project, contributing to the organization’s mission of KNCV Nigeria. This position offers an exciting opportunity for a motivated finance professional to make a meaningful impact in the field of international development and global health.

What do we offer?

• A full-time (40 hours per week) fixed-term contract for a year, with the intention of extending the contract depending on funding and performance.
• An informal work atmosphere in an international environment where initiative is appreciated.
• A highly motivated team of experienced, self-driven colleagues.
• The salary is dependent upon education and relevant working experience.
• KNCV Nigeria has its own Employment Conditions Scheme.