Finance Associate

Job Posting

Finance Associate

Location: Maiduguri, Borno

Unit: Finance Team

Job Purpose

• The Finance Associate manages all financial operations of IIH including accounting, budgeting, financial reporting, and compliance.
• This role ensures accurate financial records and supports financial decision-making.

Key Responsibilities

• Maintain accurate financial records and accounting systems
• Prepare monthly, quarterly, and annual financial reports
• Manage accounts payable and receivable
• Process payroll and manage employee benefits
• Prepare budgets and monitor financial performance
• Ensure compliance with financial regulations and tax requirements
• Coordinate with external auditors and tax consultants
• Manage banking relationships and cash flow
• Support grant and funding financial reporting
• Provide financial analysis and recommendations

Key Performance Indicators

KRA 1: Financial Record Keeping and Reporting:

• Maintain accurate and timely financial records and reports to support decision-making and ensure transparency.

Key Activities:

• Maintain accurate accounting records
• Prepare monthly financial reports
• Prepare quarterly and annual financial statements
• Ensure timely financial reporting.

Success Metrics: Report accuracy, timeliness, audit compliance

KRA 2: Budget Management and Control:

• Develop and manage budgets effectively to ensure financial sustainability and optimal resource utilization.

Key Activities:

• Prepare annual budgets in collaboration with departments
• Monitor budget performance and variances
• Provide budget analysis and recommendations
• Ensure budget compliance across departments.

Success Metrics: Budget accuracy, variance management, budget adherence

KRA 3: Financial Compliance and Risk Management:

• Ensure compliance with financial regulations and implement risk management practices.

Key Activities:

• Ensure compliance with tax regulations
• Coordinate with external auditors
• Implement internal controls
• Manage financial risks.

Success Metrics: Audit compliance, regulatory compliance, risk mitigation

KRA 4: Cash Flow and Banking Management:

• Effectively manage cash flow and banking relationships to ensure financial stability.

Key Activities:

• Monitor cash flow and liquidity
• Manage banking relationships
• Process payments and receipts
• Optimize cash management.
• Success Metrics: Cash flow management, payment processing efficiency, banking relationships

KRA 5: Grant and Funding Financial Management:

• Manage financial aspects of grants and funding to ensure compliance and accurate reporting.

Key Activities:

• Track grant and funding finances
• Prepare grant financial reports
• Ensure grant compliance
• Support grant proposal financial planning
• Success Metrics: Grant reporting accuracy, compliance, grant utilization.

Qualification

Required Qualifications and Experience:

• Bachelor's Degree in Accounting, Finance, or related field
• Professional accounting qualification (ICAN, ACCA, or equivalent) preferred
• Minimum of 5 years of accounting/finance experience
• Experience with financial management in non-profit or development sector preferred
• Proficiency in accounting software and MS Excel
• Strong understanding of Nigerian financial regulations.

Skills and Competencies

• Financial accounting and reporting
• Budget management
• Financial analysis
• Attention to detail
• Compliance and regulatory knowledge
• Technology proficiency (accounting software, Excel).

Application Closing Date

Not Specified.