FSD Africa is a specialist development agency working to help make finance work for Africa’s future. Based in Nairobi, FSD Africa’s team of financial sector experts work alongside governments, business leaders, regulators, and policymakers to design and build ambitious programmes that make financial markets work better for everyone. Our investment arm, FSD Africa Investments, provides early-stage, risk-bearing, catalytic and patient capital to inventive commercial organisations in order to stimulate capital flows in support of green economic growth benefiting people and the planet. Established in 2012, FSD Africa is incorporated as a non-profit company limited by guarantee in Kenya. It is funded by UK aid from the UK government.

Key Responsibilities And Role Requirements

Budgeting, Forecasting, and analysis

  • Assist in the development and implementation of FSD Africa budgets, making adequate and reliable forecasts to support decision making and conduct analyses to measure performance against budget:
  • Work with FSD Africa stakeholders in FSD Africa pillars to support the development budgets and financial plans.
    Make quarterly forecasts to confirm the availability of financial resources and anticipate any shortages, consolidation, and reporting of financial activities.
    Monitor monthly financial performance against budgets; investigate on reported variances and advise on corrective measures to be taken.
    Monitors spend against budget; includes timely informing management on variances from the established budget and the reasons for those variances.

Grantee Financial Reporting

  • Ensure that grants are monitored, tracked, and reported accurately and managed in accordance with the donor requirements:
  • Liaise with procurement to maintain an accurate and updated grants tracker.
    Participate in setting up terms of returnable grants and following up on fulfilment.
    Review grantee financial reports and approve for subsequent disbursements.
    Review audit reports of the grantees and highlight key issues that need to be addressed.
    Support Risk team and Project leads on project audits.

Donor Financial Reporting

  • Ensure that funds from donors are monitored, tracked, and reported accurately and managed in accordance with the donor requirements:

Support budgeting for donor grants.

  • Review grant agreements to budget requirements and financial reporting requirements.
  • Prepare spend reports to donors in accordance with reporting requirements.
  • Prepare disbursement requests for different donors at the appropriate times.

Commitments Tracking

  • Track and report on contractual obligations and plan for these against the budget:
  • Maintain an accurate commitments tracker showing payments made against contract amounts.
    Reconcile contract list from procurements with commitment tracker.
    Incorporate commitments into budget and plan accordingly for the payments.

Financial Analysis

  • Work with accounts team to reconcile budget vs actuals (BvA) with the financial statements.
  • Work with accountant to identify variances in financial reporting and reconcile for consistency in reporting.
  • Conduct analysis in spending trends using different dimensions and report to the various teams.
  • Prepare cashflow forecast based on spending patterns to inform disbursement requests.

Enterprise Resource Planning (ERP) Administration

  • Support in aligning the approved budget on the ERP.
    Support with budget reallocations made on the ERP.
    Support Programme Assistants with any budgeting and spend queries on the ERP.
    Help prepare Power BI dashboards to present insights into data.
  • Carry out any other duties or special assignments as assigned by Management
    Person Specifications

Qualifications and Education

  • Bachelor’s degree in Commerce, Finance or Business related discipline.
  • Relevant professional qualification such as Certified Public Accountant CPA Part 2 or equivalent.
  • Excellent proficiency in written and spoken English.

Essential Experience, Knowledge, and Skills

  • At least 2 years post graduate experience preferably working in the finance environment of a donor funded organisation.
  • Expert level proficiency in MS Office particularly Excel and Word, as well
  • Working knowledge of ERP systems
  • Microsoft Dynamics 365 ERP experience will be an added advantage.
  • Experience in professional audit firm will be an added advantage.

Desirable Skills & Experience

  • Experience of working in a multi-cultural environment
  • Strong analytical and mathematical skills
  • Well organized and a good planner
  • Readiness to adapt to flexible working hours
  • Adaptable to changing priorities and deadlines

Competencies

  • Competencies describe the key behaviours that drive success in all of FSD Africa’s roles, regardless of technical specialism. They have been derived from systematic research correlating performance with personal attributes. The table below indicates the level of each competency required for this role:

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