Head of Finance at BudgIT Nigeria

BudgIT is a creative start-up driven to retell the West African budget and public data in a finer detail across every literacy span. We aim to stimulate citizens interests around public data and hence trigger discussions towards better governance.

At BudgIT, we believe that access and understanding to the budget is a basic human right

BudgIT as an idea was conceptualized and hacked at the Tech-In-Governance, a 48 hour gathering organized by Co-Creation Hub in February 2011. BudgIT as a tool aims to redefine participatory governance. Many Nigerians, with little or no knowledge of accounting and public financial management, are lost when they see (if they ever get the chance to) the budgets of the different arms of government. Most media releases of the Nigerian budget only have the macro figures as the finer details that trickle down to the citizens such as neighbourhood projects are not fully explained. The maze of millions and billions in the “thick” budget documents tend to confuse and it is difficult to put clear context on how public funds are actually spent.

BudgIT’s innovation within the public cricles comes with a creative use of government data by either presenting them in simple tweets, interactive format or infographic displays. We believe that in a democracy, every citizen has the right to know how his/her taxes are expended in the delivery of public infrastructure and services. Equality and open access to governance is entrenched in democracy and its institutions and as such, budgetary information as a vital asset needs to be understandable and accessible to all Nigerians. BudgIT offers mobile and online solution to trigger discussions around the budget and take the budget beyond a news item to a focal point of debate among Nigerians.Job purpose

The Head of Finance is a member of the executive management team with a leadership role in the organization’s financial decision-making.

S/he manages all aspects of financial risk; develops and implements financial systems; manages relationships with donors on all finance-related matters; ensures compliance with regulatory and donor requirements; and ensures a sustained financial health of the organization.

Key working relationships

Key working relationships will include: Directors, Principal Lead, program teams, finance team, regulatory agencies, financial institutions, and donors.

Key responsibilities:

Strategic Financial Planning and Analysis

Serve as a key member of the executive management team and participate in organizational decisions that contribute to the implementation of its strategic vision and sustainability.
Assess and evaluate the financial performance of the organization with respect to organizational goals, budgets and forecasts, and provide analysis as required.
Create yearly financial objectives with the executive team that align with the organization's strategies and current and projected grant portfolio.
Develop annual revenue projections and organizational budget, monitor and make recommendations for adjustments throughout the year.
Oversee investment of private funds to maximize returns at an acceptable risk level.
Contributes strategically to grant proposal writing on finance-related aspects.

Accounting and Financial Management

Ensure the effective and transparent use of financial resources in compliance with BudgIT’s and donor policies and procedures.
Manage overall financial operations to ensure accuracy in financial reporting and compliance with regulatory and donor requirements
Review and ensure the application of appropriate internal controls and financial procedures.
Oversee and maintain good working relationships with regulatory agencies and financial institutions.
Provide standard accounting reports, including general ledger files, account and bank reconciliations, program costs, grant reporting, as well as other financial information in a timely and accurate manner.
Coordinate audits with independent auditors and regulatory agencies.
Enhance and implement financial systems, procedures, and tools.

Technical Leadership:

Provide leadership and mentoring to members of the Finance Department to build a world-class financial system.
Participates in top-level strategic planning sessions, while providing assistance to program leads and executive management in development of annual budgets.
Create and sustain a work environment of mutual respect.

Qualifications and experience:

Bachelor’s degree in Accounting or Finance-related field.
ACA or ACCA qualification is compulsory.
At least 7 years’ progressive experience in accounting or finance, which must include supervisory experience.
NGO-related experience in the Finance department with a reputable non-governmental organization or donor agency is an added advantage.
Hands-on knowledge and experience of accounting software, especially Quickbooks.
Experience working on private and multilateral donor funds and large budgets.

Work-based skills:

Essential:

Excellent organizational, analytical, and supervisory skills.
Proficiency in Microsoft Office suite: Excel, Word, PowerPoint, etc.,
Fluency in spoken and written English required.
Mature and professional demeanor with strong executive presence.
Ability to collaborate and interface with stakeholders at various levels.
Self starter who can work with own initiative with limited supervision.

Desirable:

Previous experience in building or enhancing NGOs financial management capacity.
Strong awareness of national issues.
Female candidates are strongly encouraged to apply for this role.

BudgIT is an equal opportunity employer and offers a competitive salary and excellent benefits package including world-class training opportunities, health insurance, Group Life insurance, and End-of-Year bonus.

Source: MyJobMag Job Feed

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