Senior Finance Officer - CDC Consult Limited

The firm is one of Ghana’s leading Investment Banking firms serving private, institutional and sovereign clients. They are wholly Ghanaian owned, in existence for over 10 years and headquartered at Labone in Accra. This firm is a leading investment firm known for its strategic asset management and exceptional client service. The firm is a consortium lead for the Access to Finance donor-funded program and is seeking a Senior Gender, Youth, and Inclusion Officer for FILMA.

Position Description

The firm seeks a senior finance officer to oversee their financial management, including donor funded spending patterns against budget projections, preparation of financial reports, oversight of funds, and compliance with local laws and donor regulations and practices.

Responsibilities

Finance and Accounting

• Oversee the day-to-day operations of the Finance department, including but not limited to timely payments to suppliers, timely posting of financial transactions in the system, proper coding of expenses by program staff, proper supporting documents that can withstand an Audit, etc.
• Establish and document a cost-sharing basis for shared costs and periodically review and document the rationale as and when new factors come into play.
• Manage payroll and expense reimbursements to staff
• Monitor the liquidity position of cash positions to ensure that business cash flow adequately supports project activities.
• Ensure Timely Monthly Closure in Compliance with firm timelines and GAAP.
• Provide support in all aspects of financial management and monitor agreements to ensure compliance with Donor financial regulations and guidelines.
• Review financial reports of relevant stakeholders whenever applicable and ensure that expenditures are in line with the budget and in compliance with donor regulations.
• Effectively communicate and present critical Finance matters to the Management
• Provide detailed financial analysis to support any critical decision-making for Temple.

Finance Administration

• Lead the overall system maintenance and data integrity of Accounting system, providing training on the system to new and existing finance staff.
• Maintain all balance sheet accounting, producing consistent and accurate supporting schedules and reconciliations.
• Ensure accounting data accuracy and timeliness for informed decision-making, timely identification and correction of errors for transactions posted in the General ledger.
• Implement grant tracking/monitoring system and monitor expenditures.
• Analyze business performance/results by budget, as required; provide results of such analysis to senior management.
• Oversee overall financial services for efficient and effective service delivery.

Budgeting, Monitoring and Reporting

• Lead the annual budgeting process as well as mid-year budget reviews.
• Discuss monthly budget tracking reports with relevant Program Managers and ensure spending is within budget and corrective action is taken in case of unfavorable variances.
• Review expenditures and processes to ensure grant compliance with donor requirements.
• Coordinating the compilation of all internal and external financial reports/proposals for all projects/programs

Regulatory and statutory compliance

• Ensure compliance with Temple’s policies and procedures.
• Ensure all taxation and legislative requirements are compiled at all times.
• Keep abreast of changes in regulations which may affect the accounting functions of the organization and communicate all changes and updates to the organization accordingly

Required Skills or Experience

• Bachelor's Degree (or Higher) in Accounting or Finance
• Chartered accountant (e.g. ICA, ACCA)
• 5+ years of relevant experience in a senior accounting or finance position in a financial institution or international NGO.
• 3+ years of relevant experience working with Development Cooperation Partners (DCP)
• Mastery of US GAAP and IFRS accounting standard
• Advanced knowledge of Accounting Software and Microsoft Excel
• Ability to "context switch" across multiple finance initiatives
• Excellent stakeholder management skills; both internally with cross-functional teams and externally with financial partners

Skills

• Excellent analytical skills, including demonstrated knowledge of various fund management practices and products
• Excellent communication and interpersonal skills, capable of fostering long-term relationships with clients and colleagues.
• Robust understanding of the securities market, regulatory environment, and compliance requirements in Ghana.
• Advanced proficiency in financial analysis tools, including Excel and PowerPoint.
• Strong organizational skills, with the ability to manage multiple projects simultaneously and under tight deadlines.
• Strategic and creative thinker with a keen attention to detail.
• Ability to represent the interest of the company and clients in meetings with external parties
• Ability to effectively operate in a team