Director of Finance and Resources Management at the Nigerian Red Cross Society (NRCS)

The Nigerian Red Cross Society (NRCS) was established through an Act of the Parliament in 1960 to complement public authorities in humanitarian interventions with the mandate to prevent and alleviate human suffering at times of peace or conflict, and to support individuals and communities to respond effectively to emergencies, without any form of discrimination as to class, gender, race, political opinions or religion.

We are recruiting to fill the position below:

Job Title: Director of Finance and Resources Management

Location: Abuja
Employment Type: Full-time

Job Duties and Responsibilities
The Director of Finance and Resource Management will have the following responsibilities:

Budgeting and Planning:

• Leads the Budgeting processand guides the management on compliance and rationalization
• Contribute to NRCS Strategic Development Planning
• Provide technical support to budget holders/head of departments and units in development of their budgets
• Support in funding plan, strategies and putting supportive systems in place to ensure accountability
• Oversee cash flow management process making sure that funds are available for operational use
• Coordinate cash forecasts with HODs and Branch teams
• Consolidate the NRCS budgetsand give overviewto senior management team
• Lead the budget revision sessions and advise on their realism, consistency and compliance with applicable standards
• Coordinate proactive monitoring and reporting of budget positions to all departments and programs
• Review monthlybudget monitoring reportsand take corrective action

Financial Control:

• Coordinate the development and implementation of finance and accounting policies,processes and procedures in line with leading practices
• Identify risks and financialimplications of variousprojects/ initiatives and advise the Secretary General and management team accordingly
• Oversee the establishment of efficient controlsto mitigate identified financial risks
• Review and authorize key expenditures/ transactions of the departments in line with the NRCS approved budget and manual of financial authority

Treasury Management:

• Proactively manage and monitorNRCS cash flows, ensure optimalcash management and implement best practice in treasury management procedures
• Review cash request analysisand ensure that the NRCS has enough cash to run its activities
• Provide regularcash forecasts for the attention of the Secretary General
• Implement mechanisms to safeguard NRCS liquid and fixed assets in line with NRCS financial policies

Donor Reporting:

• Review the finance sectionsof funding proposals for donors
• Compile accurate, regular and timelyfinancial and narrative reports for NRCS and for donors
• Coordinate the donor financial reporting process ensuring that the reports are prepared and sent to the donors before due dates

Financial Analysis& Reporting and Tax:

• Provide timely,accurate and relevantfinancial information/reports to aid management decision making
• Manage NRCS statutory reportingobligations on an accurate and timely basis including production of annual reports and accounts
• Ensure all recommendations from the external auditor’s management letters are adequately addressed
• Oversee tax planning to optimize NRCS tax position (majorly PAYE) and ensure compliance accordingly.

Accounting and Book-keeping:

• Oversee paymentprocess to ensurethat all transactions are within accepted standards and in accordance with laid down processes
• Set up a functioning accounting system that ensures transactions are captured accurately and in a timely manner
• Set up month end calendar and ensure it is strictlyadhered to
• Review and validate all balance reconciliations
• Carry out frequent data backups for the FinanceDepartment
• Oversee filing system to enable easy retrieval of information.

Capacity Buildingfor Finance and Program staff:

• Support and train key finance staff and other staff on finance management as required
• Provide advice on improving the financial reporting component as well as the use and benefit of international accounting standards
• Ensure that lessons learnt and good practice  future financial management
• Develop finance structure and ensure the department has adequate expertisein achieving efficiency and effectiveness in supporting NRCS using a customer-oriented approach
• Participatein recruitment of new staff within the department
• Induct and train new financestaff in collaboration with HR
• Facilitate effective delegation, support and follow up to buildcapacities of finance staff
• Maintain a motivated and effective team
• Periodic establishment of objectives and carrying out regular performance reviews
• Support finance staff in development of learning objectives and championing necessary training opportunities with the aim of increasing department staff expertise.

Qualifications and Experience

• Manage direct line reports and assigned resourcessuch as financial, equipment, etc.
• Monitor Key Performance Areas to ensure an adequatefinancial management of operation projects at all levels
• Prepare adhoc analysisreports to the management team (e.g. financialimplications and budgets for the existing plans, allocation of shared costs, etc.).

Application Closing Date
22nd September, 2024.

Method of Application
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the email.