Finance Officer – Century City needed at NACOSA
Job title : Finance Officer – Century City
Job Location : Western Cape, Cape Town
Deadline : April 20, 2024
Quick Recommended Links
The duties and responsibilities of the finance officer will include, but not limited to:
Budgeting, Forecasting and Planning
- Assist with setting up implementing partner budget.
- Amend Implementing partners budgets and related schedules / reports for any budget change requests that are received and approved.
- Review implementing partner monthly budget vs spend and flag excessive over / underspend for further discussion with Grant Finance Manager and Programmes Team.
- Record explanation of significant variances on implementing partners’ report budget vs actual expenses.
- Prepare monthly and quarterly revision of budget vs. actual expenses.
Accounts Processing
- Ensure Implementing partner disbursement / payment pack prepared timeously within set monthly deadlines.
- Ensure all payments requested are based on verified financial reports and that no costs would be disallowed by donors.
- Record verified monthly expenditure incurred and disbursements received from NACOSA in relevant accounting system.
Transaction Monitoring and Verification
- Monitor and control implementing partner banking activities.
- Receive implementing partner reports and supporting documents, perform a sample check for completeness:
- Review report to ensure all required sheets and fields are completed.
- Review supporting documents (e.g. invoices, pay slips, timesheets, bank statements) submitted by implementing partners to ensure that all expense claims have supporting documents.
- Test a sample of implementing partner HR and non-HR expenditure for accuracy and validity in line with donor policies and procedures.
- Where expenses are not supported, query with the implementing partner and disallow where necessary.
- Oversee that Implementing partner financial reports, supporting documents and other grant compliance documentation are filed.
Monthly Reconciliations
- Ensure the difference between the actual bank account and unliquidated advance balance is reconciled and kept to a minimum (last month’s VAT and rental deposits).
- Perform reconciliations such as bank accounts and petty cash.
Technical Guidance and Capacity Building
- Complete capacity assessment tool with implementing partners and create draft of mentoring / capacity building plan.
- Conduct training and mentoring on financial aspects to Implementing partners based on capacity building plan.
Financial Analysis and Reporting
- Generate various reports to assist with accounting functions (reconciliations, expense analysis and budget monitoring and preparation as well as the monitoring of expenses).
- Support Senior Grant Officer / Grant Finance Manager in Quarterly / Bi-Annual / Annual donor reporting.
- Support Finance Team in any required donor reporting.
Compliance and Risk Management
- Conduct regular site visits and complete site visit reports timeously for submission to Senior Grant Officer / Grant Finance Manager.
- Attend compliance and other monitoring visits such as asset verifications, stock counts and audits.
- Conduct a risk assessment and develop mentoring plan for implementing partners.
- Prepare NACOSA / implementing partners for financial audits.
People Management (if applicable)
- Motivate employees and drive a healthy, values based, engaged culture to drive achievement of programme performance standards and targets.
- In conjunction with HR, implement and support various people processes such as recruitment, orientation, disciplinary processes, time, and attendance, etc.
- Draft and implement performance management plans within the team and schedule regular contact sessions with employees to monitor and track performance.
- Assist to develop performance improvement plans (personal development plans) to support employee development and performance.
- Provide training and mentoring support to direct and indirect reports (when needed) to ensure capacity is built within the team.
Ad Hoc Tasks
- Perform irregular, one time and special request tasks related to the department as a whole.
- Perform activities as stand-in for colleague or supervisor as required from time to time.
Requirements
Required qualifications, skills and experience.
- Bachelor’s degree or diploma in Finance /Accounting
- Minimum of 3 years’ experience in an accounting position.
- Advanced computer literacy in MS Excel, and basic Word and Power Point, E-mails, Internet.
- Fluent in English and a local language (written and spoken).
- Proven experience in mentoring and training.
- Good verbal and written communication skills
- Detail orientation – Can integrate information from a variety of sources and analyse information to understand root causes of problems. Audits data frequently to ensure compliance.
- Prioritization – Takes accountability and responds to challenges in a timely manner. Uses own initiative to drive forward and collaborate as a team player.
- Teamwork – can collaborate effectively with team members.
- Travel – Routine travel for job requirements.
How to Apply for this Offer
Interested and Qualified candidates should Click here to Apply Now