Development Alternatives Incorporated (DAI) is an international development company. For more than 45 years, we have worked on the frontlines of international development, tackling fundamental social and economic development problems caused by inefficient markets, ineffective governance, and instability. Currently, DAI is delivering results that matter in some 80 countries.
Our development solutions turn ideas into impact by bringing together fresh combinations of expertise and innovation across multiple disciplines. Our clients include international development agencies, international lending institutions, private corporations and philanthropies, and national governments.
We are recruiting to fill the position below:
Job Title: Finance Manager, TA Hub
Location:Abuja
Job Code: 5170
Contract Duration: Eleven (11) Months
Job Summary
The Finance Manager will work closely with the TA Hub Incubation Manager and subsequently, the Executive Director of the steady-state Hub to determine long-term financial goals and developing strategies to achieve the financial objectives of the TA Hub.
The Finance Manager will manage the organisation’s financial operations, including oversight of accounts payable and receivable, budgeting, production of financial statements and reports, and advisement of the senior management team on financial decisions.
The Finance Manager is responsible for monitoring and maintaining internal controls while overseeing financial systems and related compliance requirements.
Key Responsibilities
Reports to TA Hub Incubation Manager and subsequently the Executive Director of the steady state Hub:
Internal Financing:
Lead the day-to-day accounting operations including oversight of accounts payable and receivable, and maintenance of the general ledger and other financial transactions
Maintain and update the accounting spreadsheets, journal logs to ensure that it is compliant with organizations rules and regulations, and any other relevant legislation
Prepare receipts and vouchers and their proper formats, so that the financial details can be entered correctly in the accounting system
Prepare, analyze and present financial reports (income statements and balance sheets) in an accurate and timely manner; communicate monthly and annual financial statements to ED
Oversee the annual budgeting and planning process in conjunction with the ED; administer and review all financial plans and budgets; monitor progress and changes and produce monthly budget versus actual reports.
Develop, analyze and monitor program budgets; monitor and track obligations and expenditures against budgets
Coordinate and lead the annual audit process, liaise with external auditors and the finance committee of the Board of Directors; assess any changes necessary
Update and implement all the required business policies and accounting practices; improve the finance department’s overall policy and procedure manual
Assist and guide the Board by providing relevant financial information during budgeting, accounts to donors and other decision-making activities
Liaise with HR to determine the amount to be paid to employees based on the number of days
Ensure timely payment of staff, suppliers and vendors and adherence to all requisite country laws during transactions (e.g., remittance of taxes (PAYE, WHT, VAT, etc.)
Ensure all cash and cheque payments are made without any delay for the smooth run of the programme activities
Participate in logistic activities by participating, Tender and, Quotation evaluation committee?
Grant Financing:
Work with Grants Manager to produce financial reports for donors and other funder grants; maintain shared grant reporting calendar due dates and submissions, including all necessary financial deliverables as stated per grant awards and contracts.
Evaluate financial reports to analyze progress and review grant expenditure in comparison to the estimated budget
Implement a robust contracts management and financial management/ reporting system for TA partners to ensure adherence to the contract billing and collection schedule.
Ensure steady financial data and cash flow to support operational requirements.
Work with Grants Manager and Project Manager to collate and analyze sub-grant recipients’ financial reports
Ensure recipients are paid on time.
