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Head of Finance

Position: 
Head of Finance
Department: 
Business Services and Operations
Type of Contract: 
Fixed Term Renewable (subject to probationary period of 1 year)
Duty Station: 
Harare, Zimbabwe
Deadline: 
Wednesday, May 15, 2024

Background/Job Purpose

The African Capacity Building Foundation is searching for a dynamic individual to serve as the Head of Finance for the Foundation.  The Head, Finance supports the Director, Business and Operations in managing the Foundation’s financial operations, including budgeting, oversight of accounts payable and receivable, production of financial statements and reports, and advising senior management team on financial matters. The Head, Finance is responsible for monitoring and maintaining internal controls, while overseeing financial systems and related compliance requirements. The position report to the Director of Business Services and Operations. As the Head of Finance you will have the opportunity to work together with partners, to catalyze and scale transformative innovations creating unlikely partnerships to span sectors and geographies. This role is based Harare, Zimbabwe, and is a renewable fixed-term contract 3-year contract.

You may be the ideal candidate for this role if you thrive working within a team structure, sharing information and insights, and engaging in ongoing intellectual exchange. You must be comfortable building bridges with partners, service providers, financial institutions, government, and corporate sectors. You should have experience in financial engineering, providing corporate services support to cross-country programs and projects, and managing people and processes.

Duties and responsibilities include, but are not limited to:

  1. Direct the day-to-day accounting operations of the Foundation, including oversight and supervision of the Finance team; reviewing all payment vouchers, bank payment instructions and journals, reviewing and validating recommendations on disbursements and approve processing of payment and reviewing monthly bank and account reconciliations.
  2. Prepare, analyse, and present financial reports (income statements and balance sheets) in an accurate and timely manner; clearly communicate monthly, quarterly and annual financial statements to senior management, and prepare financial statements for external audit timeously.
  3. Coordinate the monthly, quarterly, and year-end closings of the books of account and preparation of financial reports, statements, and annual external audits.
  4. Coordinate the annual budgeting and planning process in conjunction with business units; administer and review all financial plans and budgets; monitor progress and changes and produce monthly reports on budget implementation.
  5. Manage the Foundation’s cash flow and forecasting.
  6. Develop appropriate investment strategies and oversee their implementation, by facilitating the strategic planning of resource use by producing scenarios reflecting alternative use of resources and the implications thereof.
  7. Produce financial reports for foundation and other funder grants; maintain shared grant reporting calendar due dates and submissions, including all required financial deliverables as stated per grant awards and contracts.
  8. Update and implement all necessary business policies and accounting practices; periodically update the Foundation’s accounting manual.
  9. Remain up to date on best practices in non-profit finance, business systems and internal control measures, and applicable laws regarding non-profit operations.
  10. Contribute to the resource mobilization and business development activities of the Foundation

Desired Competencies and Experience

  1. MSc or MBA with specialization in Accounting, Finance, Management, and membership of an internationally recognised professional accounting body such as CA, CPA, ACCA, CIMA, or IFAC recognized equivalent.
  2. A minimum of eight years’ experience in an international organisation is highly desirable in accounting system, compliance review, grant management, financial control, budget management. Experience in accounting for projects is an added advantage.
  3. An excellent knowledge of English with a working knowledge of French being an added advantage.

Personal Characteristics

  1. Must be innovative and have the ability to exercise independent and sound judgement in financial and accounting matters.
  2. A knowledge of International Financial Reporting Standards (IFRS) and/or IPSAS will be an asset.
  3. Strong experience in budget preparation and management, handling technical accounting and financial reporting issues.
  4. Analytical skills to review and evaluate regulations, reports, and other relevant working papers.
  5. Ability to work effectively with people at all levels in the organization in a multi-cultural environment.
  6. Ability to make objective decisions and resolve problems, exercising the highest responsibility to handle confidential and sensitive issues in a reasonable and mature manner.
  7. Excellent communication and presentation skills, both oral and written, proven ability    to clearly and concisely prepare reports.
  8. Competent in the Foundation’s standard software (Dynamic365, Word, Excel, Access, and Power Point)
  9. High ethical standards, impeccable integrity, and a deep sense of fairness.

Compensation

The African Capacity Building Foundation offers a competitive salary commensurate with experience.  The Foundation provides a very generous package of benefits.

About the African Capacity Building Foundation

For more than 30 years, The African Capacity Building Foundation (ACBF) has been building human capital and institutional capacity for Africa’s sustainable development. With membership from 40 African Countries, the African Development Bank, the United Nations Development Program, The African Union, and The World Bank, ACBF is the leading institution for capacity development in Africa. While serving all actors, ACBF recognizes the importance of and pays attention to improving the effectiveness of Africa’s public sector institutions at local, national, regional, and continental levels to become effective systems integrators and catalyzers of sustainable and transformative change.

Since its creation in 1991, ACBF has trained over 50,000 personnel in civil service, most of whom hold key positions in Ministries of Finance, Planning or Economic Development and Central Banks across the continent. The Foundation has established a network of over 50 think tanks supporting evidence-based policymaking across Africa and conducted numerous policy research/analyses, which have been critical in informing economic management and establishing benchmarks for success.

The Foundation currently maintains offices in Accra, Addis Ababa, Harare, and Nairobi.

To apply for this position please submit in confidence a resume and a cover letter that details why you are a good fit for this career position quoting the reference, “Head of Finance” /2/2024,’ to   E-mailRecruitment@acbf-pact.org

Please note, only candidates under serious consideration will be contacted.

The African Capacity Building Foundation is an Equal Opportunity Employer

We strongly encourage qualified female candidates to apply.

 

Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.


H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.


H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.


Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.


Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.


Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
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