JOB SUMMARY

This position reports directly to the General Manager/ Managing Director and will focus on the following functions: Accounting, Budgeting & Budget Control, Financial Analysis & Reporting, Funds Management, Treasury & Cash Management, and Internal Controls and will carry out its duties in a manner that are consistent with national & international accounting standards governing bodies.

SPECIFIC RESPONSIBILITIES

Accounting

•   Strengthens financial systems and ensures compliance to internal as well as stakeholder financial policies & procedures.
•   Defines ways of presenting institutional data that are consistent with industry standards. c. Facilitates monthly accounting process and oversees Finance Department function.
•   Resolves discrepancies, conducts account reconciliations, and makes corrections.
•   Reports monthly accounts, in a timely manner

Budgeting and Budget Control

•   Develops budget systems and procedures, and coaches other units on preparation of their budgets
•   Anticipates future conditions, problems and opportunities, and communicates them to management
•   Develops 5-year Microfin projections with the GM/ MD and Operations Manager
•   Interprets actual performance against budget and develops corrective action, if needed.

Financial Analysis & Reporting

•   Coaches and trains staff in use of financial ratios
•   Benchmarks financial and operations performance against microfinance peers
•   Analyzes and interprets financial ratios and indicators to identify causes of performance gaps
•   Prepares monthly SEEP FRAME Tool and other financial reports for the Board

Funds Management, Treasury & Cash Management

•   Prepares weekly cash flow projections for funds required by operations
•   Develops short and medium term financial projections and funding plan
•   Quantifies the costs of various funding options and analyzes loan transactions
•   Evaluates the organization’s funding exposures and risks, identifying, measuring, and controlling the institution’s asset-liability (maturities, FX, and interest rate) risks
•   Proposes prudent treasury risk exposure limits and strategies for minimizing risk
•   Ensure risk management by developing scenario planning with MFX Liabilities Planning Tool
•   Ensures local capital adequacy regulatory requirements are satisfied

Internal Control

•   Assesses key risk areas, and designs, implements, and trains staff on appropriate systems to ensure strong internal controls
•   Facilitates external audit relationship and application of auditor recommendations
•   Designs and enhances accounting systems for the institution to ensure responsiveness to internal control requirements

Administration & other responsibilities

•   Attend MFI board meetings, if necessary
•   Establish positive relationships with all MFI stakeholders (ie. donors, investors, financial institutions, etc.)
•   All other duties as assigned by the GM/ MD

Qualification Required & Experience

•   Masters Degree in Accounting or Finance (CA, CPA, CGA, CFM, or ACCA designation preferred)
•   3-5 years of experience working within a microfinance institution in a similar position
•   Demonstrated ability to operate and train in Microfin, ABC, SEEP FRAME Tool (FRAME), Loan Performer (LPF), and MFX Solutions’ LPT, Quickbooks, MS Office, FoxPro, SQL Server, and VBA
•   Willingness to travel regionally and internationally

Location: Accra

How To Apply For The Job

All mails should be directed to Philip at:

seawadey@yahoo.co.uk

or call

Tel: 0549-494849

Closing Date: 30 September, 2013