Director Finance and Resources Management at Nigerian Red Cross Society

JOB DUTIES AND RESPONSIBILITIES

The Director of Finance and Resource Management will have the following responsibilities:

Budgeting and Planning

• Leads the Budgeting processand guides the management on compliance and rationalization
• Contribute to NRCS Strategic Development Planning
• Provide technical support to budget holders/head of departments and units in development of their budgets
• Support in funding plan, strategies and putting supportive systems in place to ensure accountability
• Oversee cash flow management process making sure that funds are available for operational use
• Coordinate cash forecasts with HODs and Branch teams
• Consolidate the NRCS budgetsand give overviewto senior management team
• Lead the budget revisionsessions and advise on their realism, consistency and compliance with applicable standards
• Coordinate proactive monitoring and reporting of budget positions to all departments and programs
• Review monthlybudget monitoring reportsand take corrective action

Financial Control

• Coordinate the development and implementation of finance and accounting policies,processes and procedures in line with leading practices
• Identify risks and financialimplications of variousprojects/ initiatives and advise the Secretary General and management team accordingly
• Oversee the establishment of efficient controlsto mitigate identified financial risks
• Review and authorizekey expenditures/ transactions of the departments in line with the NRCS approved budget and manual of financial authority

Treasury Management

• Proactively manage and monitorNRCS cash flows, ensure optimalcash management and implement best practice in treasury management procedures
• Review cash request analysisand ensure that the NRCS has enough cash to run its activities
• Provide regularcash forecasts for the attention of the Secretary General
• Implement mechanisms to safeguard NRCS liquid and fixed assets in line with NRCS financial policies

Donor Reporting

• Review the finance sectionsof funding proposals for donors
• Compile accurate, regular and timelyfinancial and narrative reports for NRCS and for donors
• Coordinate the donor financial reporting process ensuring that the reports are prepared and sent to the donors before due dates

Financial Analysis& Reporting and Tax

• Provide timely,accurate and relevantfinancial information/reports to aid management decision making
• Manage NRCS statutory reportingobligations on an accurate and timely basis including production of annual reports and accounts
• Ensure    all     recommendations    from    the    external    auditor’s                   management                        letters are adequatelyaddressed
• Oversee tax planning to optimize NRCS tax position (majorly PAYE) and ensure compliance accordingly

Accounting and Book-keeping

• Oversee paymentprocess to ensurethat all transactions are within acceptedstandards and in accordance with laid down processes
• Set up a functioning accounting system that ensures transactions are captured accurately and in a timely manner
• Set up month end calendar and ensure it is strictlyadhered to
• Review and validate all balance reconciliations
• Carry out frequent data backups for the FinanceDepartment
• Oversee filing system to enable easy retrieval of information

Capacity Buildingfor Finance and Program staff

• Support and train key finance staff and other staff on finance management as required
• Provide advice on improving the financial reporting component as well as the use and benefit of international accounting standards
• Ensure that lessons learnt and good practice  future financial management
• Develop finance structure and ensure the department has adequate expertisein achieving efficiency and effectiveness in supporting NRCS using a customer-oriented approach
• Participatein recruitment of new staff within the department
• Induct and train new financestaff in collaboration with HR
• Facilitate effective delegation, support and follow up to buildcapacities of finance staff
• Maintain a motivated and effective team
• Periodic establishment of objectives and carrying out regular performance reviews
• Support finance staff in development of learning objectives and championing necessary training opportunities with the aim of increasing department staff expertise

QUALIFICATIONS AND EXPERIENCE

• Manage direct line reports and assigned resourcessuch as financial, equipment, etc.
• Monitor Key Performance Areas to ensure an adequatefinancial management of operation projects at all levels
• Prepare adhoc analysisreports to the management team (e.g. financialimplications and budgets for the existing plans, allocation of shared costs, etc.)