Financial Manager - Systems for Development

SEE HOW TO APPLY →

Systems for Development (S4D), a US-based leading consultancy firm focused on transforming organizational performance through sustainable information and communication technology, is seeking a Financial Manager to support this work.

The Financial Manager is responsible for overseeing financial operations, ensuring compliance with donor and private sector requirements, and managing finances for grant-based and revenue-driven projects. This includes expertise in handling international donor-funded projects such as those from Global Fund, USAID, DFID, and private sector financial operations. The role demands proficiency in financial planning, budget management, reporting, compliance, and strategic oversight to align with the organization’s broader financial and business objectives.

Job Title: Financial Manager

Job Location: This is a long-term position based in Accra, Ghana.

Company Name: Systems for Development (S4D)

Job Description:

1. Financial Management and Reporting

• Develop and implement financial systems to ensure accurate and timely financial transactions and reporting for both donor-funded and private-sector projects.
• Oversee accounts payable, accounts receivable, payroll, and cash flow management.
• Prepare monthly, quarterly, and annual financial statements for internal and external stakeholders, including donors, investors, and the board.
• Ensure compliance with internal controls, policies, and audit requirements for diverse funding sources.

2. Grant and Private Sector Financial Management

• Manage grant-based finances, ensuring compliance with donor-specific requirements (e.g., USAID’s 2 CFR 200, Global Fund financial frameworks, DFID compliance rules).
• Oversee financial operations for private sector projects, ensuring accurate revenue recognition, expense tracking, and profitability analysis.
• Monitor cost recovery for fee-based services and products, aligning with the organization’s business model.
• Serve as the primary point of contact for financial queries from donors, clients, and internal teams.

3. Budgeting and Financial Planning

• Lead the development of budgets for grant-funded and private sector projects, ensuring alignment with strategic goals.
• Provide regular budget variance analyses and financial forecasts for grant and revenue-driven projects.
• Collaborate with program and business development teams to develop pricing strategies and financial models for proposals, including cost-benefit analyses.

4. Compliance and Audit

• Ensure compliance with donor and private sector financial reporting standards, including tax regulations, financial reporting standards (GAAP/IFRS), and contractual obligations.
• Coordinate internal and external audits, addressing findings promptly and implementing corrective actions.
• Establish and maintain internal controls to mitigate risks and ensure data accuracy for both grants and private sector operations.

5. Strategic Financial Oversight for Private Sector Initiatives

• Provide financial analysis and insights to support private sector project growth, investment decisions, and market expansion strategies.
• Support negotiations with private sector clients, including pricing, payment terms, and contract conditions.
• Optimize working capital management for private sector initiatives, including accounts receivable and inventory management.
• Drive financial performance metrics for private sector projects, including profitability, ROI, and cost-efficiency.

6. Financial Systems and Process Optimization

• Implement financial tools and systems to streamline workflows for donor and private sector operations.
• Automate processes for billing, payment collection, and financial reporting to improve efficiency and accuracy.
• Train and mentor staff on best practices in financial management for both grants and revenue-driven projects.

7. Risk Management

• Conduct risk assessments for grant-based and private sector financial operations.
• Monitor cash flow, funding gaps, and financial risks, and propose mitigation strategies.
• Ensure financial risks are communicated and managed effectively with senior leadership.

8. Capacity Building

• Train program, business development, and finance teams on donor financial management requirements, cost recovery strategies, and financial sustainability for private sector projects.
• Collaborate with teams to improve grant utilization, cost-efficiency, and revenue generation practices.

Qualification Required & Experience

Education

• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• Master’s degree in Finance, Business Administration, or a related discipline is an added advantage.
• CPA, ACCA, or equivalent professional certification required.

Experience

• Minimum of 7-10 years of experience in financial management, including at least 5 years managing donor-funded grants (e.g., USAID, Global Fund, DFID) and private sector financial operations.
• Demonstrated experience in accounts management, financial modeling, and compliance for both grants and revenue-driven projects.
• Proven ability to manage finances for fee-based services and private sector initiatives.

Technical Skills

• Strong knowledge of donor financial rules (e.g., USAID 2 CFR 200, Global Fund, DFID) and private sector accounting standards (GAAP/IFRS).
• Advanced proficiency in financial software (e.g., QuickBooks, SAP, or similar ERP systems).
• Expertise in financial modeling, cost recovery, and profitability analysis for private sector projects.
• Advanced skills in Microsoft Excel for financial analysis.

Behavioural Skills

• Strong analytical and strategic thinking skills.
• Excellent organizational skills to manage multiple priorities and meet deadlines.
• Effective communication and interpersonal skills for engaging with donors, private sector clients, and internal teams.
• High ethical standards and commitment to accountability and transparency.
  
  

Key Relationships

• Internal: Collaborates closely with Program Managers, Business Development Team, Finance Team, and Senior Leadership.
• External: Liaises with donors, private sector clients, auditors, banks, and other financial stakeholders.

Performance Indicators

• Timeliness and accuracy of financial reports and submissions for both grants and private sector projects.
• Compliance with donor and regulatory financial guidelines.
• Effective budget management, including variance analysis and cost recovery for private sector operations.
• Financial performance metrics, such as ROI, profitability, and cost-efficiency for private sector projects.
• Positive feedback from donors, clients, and internal stakeholders.

Location: Accra

← View More Finance Jobs

🔥 SIMILAR JOBS YOU MAY LIKE → APPLY