Chief Financial Officer (CFO) at Development Alternatives Incorporated (DAI)

Full Time
Abuja
Posted 2 years ago
Applications have closed
Development Alternatives Incorporated (DAI) profile

Development Alternatives Incorporated (DAI)

Chief Financial Officer (CFO) at Development Alternatives Incorporated (DAI). Please ensure you read the job requirements before applying for this position.

Development Alternatives Incorporated (DAI) is an international development company. For more than 45 years, we have worked on the frontlines of international development, tackling fundamental social and economic development problems caused by inefficient markets, ineffective governance, and instability. Currently, DAI is delivering results that matter in some 80 countries.

Our development solutions turn ideas into impact by bringing together fresh combinations of expertise and innovation across multiple disciplines. Our clients include international development agencies, international lending institutions, private corporations and philanthropies, and national governments.

We are recruiting to fill the position below:

Job Title: Chief Financial Officer (CFO) – BMGF Africa HCD+

Job Code: 7447
Location: Abuja, Nigeria

Background of the Project

Africa (HCD+) is a platform funded by Bill and Melinda Gates Foundation (BMGF) and will have the capability to serve as an African voice for advocacy, accountability and transparency on HCD.
It will seek to accelerate political commitments, decision-making and funding for key priorities towards realising SDGs #1-6 in Sub-Saharan Africa.
It aims to incubate regional advocacy and technical assistance hub on Human Capital Development towards increasing African Government’s commitment, funding, and accountability to HCD.
The platform, through increased HCD advocacy, focuses on three pillars:
- Health and Nutrition;
- Education, skills and labour participation;
- Entrepreneurship, financial inclusion, and digital economy.
Also, HCD sits across multiple Ministries, Departments and Agencies (MDAs) in many African governments. Hence, no organisation holds an integrated vision for HCD.
An HCD-focused institution can further help the HCD agenda on the continent. It will focus on four missions:
- Create transparency on the HCD performance across the continent;
- Advocate with heads of state and decision-makers to make HCD a priority;
- Ensure effective coordination and collaboration with stakeholders and decision-makers;
- Selectively drive the implementation of flagship programs in education, health and economic inclusion.
The programme has since commenced its activities in Abuja.

Summary of the Role

The CFO is responsible for financial reporting, performance, accounting operations, and compliance with all financial regulations and procedures.
S/he will ensure a high service to clients and other stakeholders and take responsibility for and lead the company’s day-to-day financial and accounting requirements.
Produce the monthly financial management information pack, budget and forecast preparation, internal control policies and financial risk management.
The CFO will report to the Executive Director.

Responsibilities & Duties

Manage all accounting operations, including A/R, A/P, GL and Revenue Recognition
Ensure all financial transactions are properly recorded, filed and reported
Oversee the preparation and publishing of timely financial statements and other regulatory reporting
Coordinate and direct the preparation of the budget and financial forecasts and report variances
Coordinate month-end and close year-end process
Create monthly and annual reports to identify results, trends, and financial forecasts;
Manage cash flow by tracking transactions and regularly reviewing internal reports;
Establish and implement financial reporting systems to comply with accounting standards, rules and regulations, taxes, policy, and procedures;
Standardize and streamline accounting operations
Implement proper internal controls, coordinate audit processes, and ensure the accuracy of financial information.
Implement corporate governance procedures and risk management controls
Overseeing monthly, quarterly and annual Financial Reporting.
Prepare the statement of accounting policies for the audited financials in compliance with the IFRS.
Ensuring all reports adhere to Accounting standards, rules, regulations, local filing requirements and accounting best practices.
Developing financial analysis tools to assist in monitoring budgets and compliance
Develop and maintain the compliance review strategies, plans, initiatives and processes.
Supervising audits of processes and controls by ensuring conclusions are accurate, complete, and discussed with management promptly.
Development and implementation of a formal Risk Management Framework
Ensuring compliance with CIT, VAT, and other local taxes.
Evaluating systems and processes to identify opportunities for improvement

Requirements & Specifications

10 – 12 years of relevant experience / progressive responsibility in finance and accounting, internal controls, and project operations at the senior level
ACA or ACCA membership is compulsory
A proven ability to develop and manage large budgets and in-depth knowledge of Cost Accounting Standards.
Demonstrated experience in supervising project operations, procurement, subgrants and subcontracts, auditing, and accounting/finance.
Analytical and forward-thinking problem solver with high ethical standards and professionalism.
Demonstrated experience and knowledge in establishing operations and financial systems.
Excellent organizational, analytical, oral, and written communications skills
Demonstrated ability to work well in a Team
Proficient in Microsoft programs, i.e., Excel, Word, PowerPoint, etc., and can use various commercially available accounting software programs.
Strong in leadership, versatility, and integrity.

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