Job Description
Job Description
- The Finance Officer for the NGO will ensure effective financial management, accountability, and compliance with donor and regulatory requirements.
- This role involves managing budgets, overseeing statutory deductions, preparing financial reports, and supporting the organization's mission by ensuring financial sustainability and integrity.
Key Responsibilities
Budgeting and Financial Planning:
- Develop and monitor project and organizational budgets, ensuring alignment with donor requirements and NGO goals.
- Provide financial forecasts to guide decision-making and resource allocation.
Accounting and Bookkeeping:
- Maintain accurate and up-to-date financial records for all projects and organizational activities.
- Process payments, receipts, and invoices, ensuring adherence to financial policies.
- Reconcile bank accounts and track cash flow.
Statutory Deductions and Compliance:
- Accurately calculate, process, and remit statutory deductions (e.g., PAYE, pensions, NHF, ITF) in compliance with Nigerian laws.
- Ensure timely submission of all statutory payments to relevant authorities.
- Maintain up-to-date knowledge of statutory and donor regulations.
Grant and Donor Financial Management:
- Ensure donor funds are tracked and utilized according to agreements and reporting requirements.
- Prepare donor financial reports and ensure alignment with grant guidelines.
- Monitor fund disbursement and report variances to stakeholders.
Audit and Regulatory Compliance:
- Prepare for external and donor audits, ensuring all required documentation is accurate and readily available.
- Ensure compliance with financial and donor regulations and organizational policies.
Cost Control and Risk Management:
- Identify cost-saving opportunities and develop strategies to minimize financial risks.
- Regularly review financial data for inconsistencies and address potential risks proactively.
Payroll and Benefits Administration:
- Process monthly payroll, ensuring accuracy and timely disbursements.
- Manage employee benefits and maintain proper documentation of deductions and payments.
Reporting and Analysis:
- Prepare monthly, quarterly, and annual financial reports for management, donors, and other stakeholders.
- Conduct financial analyses and provide actionable insights for improved financial management.
Capacity Building:
- Train and support staff on financial processes, donor compliance, and budget management.
- Contribute to the continuous improvement of financial systems and policies.
Qualifications
- A Bachelor’s degree in Finance, Accounting, or a related field.
- Minimum of 3 years of experience in financial management, preferably within the NGO sector.
- Professional certifications (e.g., ICAN) are an advantage.
- Strong understanding of donor-funded project management, including budget preparation and reporting.
- Proficiency in financial management software and advanced knowledge of Microsoft Excel.
- Excellent analytical, organizational, and communication skills.
- Commitment to upholding transparency, integrity, and accountability in financial processes.
Method of Application
Interested and qualified candidates should send Resume and Cover Letter to: recruitment.taicorpgroup@gmail.com using the job title as the subject of the mail.
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Job Overview
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Company
Hubforjobs Recruitments
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Experience
3+ years
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Location
Lagos
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Offered Salary
Confidential
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Qualification
BA/BSc/HND
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Industry
Accounting / Finance
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Date Posted
December 24, 2024
Job location
Hubforjobs Recruitments
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Category
Consulting, Recruitment, HR Services
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Website
hubforjobs.com
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Location
Lagos, Nigeria