Finance Controller at TechnoServe

TechnoServe works with enterprising people in the developing world to build competitive farms, businesses, and industries. We are a non-profit organization that develops business solutions to poverty by linking people to information, capital, and markets. Our work is rooted in the idea that given the opportunity, hardworking men and women in even the poorest places can generate income, jobs, and wealth for their families and communities. With more than four decades of proven results, we believe in the power of private enterprise to transform lives.

We are recruiting to fill the position below:

Job Title: Finance Controller

Requisition Number: FINAN004690
Location: Abuja, Nigeria
Reports to: Country Director
Job Category: Finance

Position Description

• We are seeks a Finance Controller reporting to the Country Director to oversee local financial management, including project-spending patterns against budget projections, preparation of financial reports, oversight of funds, and compliance with local laws and donor regulations and practices.

Primary Functions & 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 Nigeria cash positions to ensure that business cash flow adequately supports project activities. Manage currency fluctuations in the Country.
• Ensure country staff timesheet is verified before being imported for salary allocation.
• Ensure Timely Monthly Closure in Compliance with TechnoServe timelines and GAAP.
• Provide support in all aspects of financial management for sub-grantees and monitor agreements to ensure compliance with Donor financial regulations and guidelines.
• Review financial reports of sub-grantees, 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 Country Director and the Regional Financial Controller.
• Provide detailed financial analysis to support any critical decision-making for TechnoServe.

Finance Administration:

• Lead the overall system maintenance and data integrity of Dynamics 365 Business Central (Sylogysts) Navigator, 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 a grant tracking/monitoring system and monitor expenditures.
• Analyze business performance/results by budget and dimension across all the Country operations as required; provide the results of such analysis to senior management on a monthly basis.
• Oversee overall financial services for efficient and effective service delivery.

Budgeting, Monitoring, and Reporting:

• Lead the annual country budgeting process as well as mid-year budget reviews.
• Discuss monthly budget tracking reports with Program Managers and ensure spending is within budget and corrective action is taken in case of unfavorable variances.
• Lead the quarterly Burn rate calls with HQ Finance management and the Country and Regional Directors.
• Review expenditures and processes to ensure grant compliance with donor requirements.
• Train and advise staff on donor compliance to ensure zero non-allowable costs.
• Coordinating the compilation of all internal and external financial reports/proposals for all projects/programs.

People management and technical support:

• Managing performance and conducting performance evaluations of financial personnel.
• Support the building of the financial management capacity of local finance staff through on-the-job training, identify further formal training needs, and, if applicable, facilitate such training.
• Support field staff training in financial reporting principles and financial and administrative control for field site operations.
• Assisting staff to develop a stronger understanding of TechnoServe Inc. systems and procedures.
• Producing relevant, useful and timely information to senior management with respect to the current financial position and financial consequences of any proposed decisions or activities.
• Provide advice on financial options available in project planning and implementation.
• Ensure the protection of the organization’s assets through the development and application of internal controls.
• Ensure the availability of employees for the finance department by identifying hiring needs and remaining responsible for the recruitment of qualified employees to the team.
• Ensure the country inventory list is accurately updated.
• Support the Administrative team in analyzing costs as required.

Regulatory and statutory compliance:

• Ensure compliance with TechnoServe’s policies and procedures;
• Ensure all taxation and legislative requirements of the Nigerian government are compiled at all times;
• Prepare and maintain audit files for internal and external auditors to review.
• Liaise with internal/external audit on the implementation of audit recommendations given in the reports to TECHNOSERVE.
• Keep abreast of changes in regulations that may affect the accounting functions of the organization and communicate all changes and updates to the organization accordingly.

Basic Qualifications

• Bachelor's Degree in Accounting / Financial Management with a minimum of 10 years of experience in all aspects of accounting & financial management. An MBA is preferred, and a minimum of 7 years of experience would be required with certifications in ICAN, ANAN, CFA, ACCA as a plus).
• Demonstrated experience and skill in planning, budgeting and forecasting, financial management, and financial reporting, preferably with an international NGO.
• Excellent knowledge of Excel, Access, and PowerPoint is required; familiarity with Dynamic 365 Business Central or similar finance and accounting software is preferred.

Required Languages: 

• Excellent oral, written, and interpersonal skills, including fluency in English

Preferred Qualifications:

• Knowledge of key donor reporting requirements (USAID, USDA, Mastercard Foundation and other international donors) is an advantage.

Knowledge, Skills and Abilities:

• Financial management and financial reporting skills.
• Ability to control and manage financial policy and procedures and good practices/systems.
• Ability to manage multiple tasks simultaneously.
• Excellent verbal, analytical, organizational and written skills.
• Ability to mentor and coach the Finance team.
• Ability to work under pressure.
• Excellent analytical and management skills.
• Ability to work independently and as an integral part of a team.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online