Senior Finance Officer – Analysis

at Catholic Relief Services
Location Nairobi, Kenya
Date Posted April 3, 2023
Category Finance
Job Type Full-time
Currency KES

Description

Catholic Relief Services (CRS) is an international non-governmental organization supporting relief and development work in over 99 countries around the world. CRS programs assist persons on the basis of need, regardless of creed, ethnicity or nationality and works through local church and non-church partners to implement its programs. CRS has been helping poor, vulnerable families improve their lives through orphans and vulnerable children, agriculture, health, microfinance, and WASH programming in Kenya since 1965.

Job Summary: 

The Senior Finance Officer – Analysis will help coordinate and contribute to the implementation of the Country Program’s (CP’s) accounting systems, policies and procedures in compliance with CRS’ established accounting standards, Generally Accepted Accounting Principles (GAAP), donors’ rules and regulations, and legal requirements to support high-quality programs serving the poor and vulnerable. S/he will efficiently perform accounting services through documenting financial transactions by compiling, analyzing, and verifying account information; preparing account entries; and delivering financial reporting services.

Note: Depending on the CP portfolio (scope and complexity), the Senior Finance Officer – Analysis can be assigned responsibility for delivery of accounting and financial reporting services for the entire program, for a field office, or for either payable or receivable transactions.

Roles and Key Responsibilities:

  • Review   and analyze the General Ledger (GL) accounts on a continuous basis, including Trial Balance and Balance Sheet reconciliations, and taking corrective actions thereof.
  • Support in processing all bank reconciliations on a weekly basis for submission by the 20th of every month.
  • Analyze Aging reports and share with staff and management for reviews on a monthly basis.
  • Support in project close out and monthly project portfolio management (PPM) versa general ledger (GL) analysis.
  • Monthly closure support in preparation of cost allocation pools drivers, analyzing costs and reclassification of costs if necessary, through the unbundling process.
  • Review and validate supporting documentation before processing of financial transactions to ensure all required documents are accurate and complete and authorizations are in place.
  • Ensure setup and maintenance of all data required for processing financial transactions for assigned accounts in Insight financial accounting package.
  • Record financial transactions following appropriate authorizations. Review and analyze various accounts to detect irregularities. Advise on corrective actions and prepare correcting entries and adjustments, as necessary.
  • Monitor disbursement/receipt schedules, alert relevant staff of due payments/liquidations, and maintain appropriate communication and follow-up to facilitate timeliness of financial resource management.
  • Evaluate and monitor subrecipient financial management processes in accordance with policy and strengthen capacity of partner in financial accounting and transactions.
  • Prepare various, periodic, and ad hoc financial reports, as needed, and perform variance analyses to assist with decision-making and proper management of financial resources.
  • Provide information to subrecipients and staff on financial accounting policies and procedural compliance issues and contribute to capacity strengthening.
  • Perform assigned treasury (cash payment/receipt, cash forecast, etc.) duties, as long as segregation of duties is ensured

Requirements

Knowledge, Skills and Abilities 

  • Knowledge of the relevant public donors’ regulations preferred.
  • Proficient in MS Office packages (Excel, Word, PowerPoint, Visio), Web Conferencing Applications. Knowledge of financial reporting software preferred.
  • Ability to transfer knowledge to others
  • Excellent diplomatic skills and proven ability to work in a multi-partner project
  • Demonstrated commitment to respect, equity, diversity and inclusion including gender equality.

Preferred Qualifications

  • Excellent analytical skills with ability to detect and report inconsistencies
  • Accuracy and completeness with great attention to detail
  • Ethical conduct in accordance with recognized professional and organizational codes of ethics
  • Proactive, resourceful, solutions oriented and results-oriented
  • Ability to work collaboratively
  • Excellent analytical skills
  • Teamwork and professionalism
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