Mastercard Foundation Special Programs Finance Consultant Jobs 2024 – Kenya NGO Jobs

6 months ago 3174

Mastercard Foundation Special Programs Finance Consultant Jobs 2024 – Kenya NGO Jobs.

Mastercard Foundation Kenya looking for “Special Programs Finance Consultant”.

Applicants with a University Degree may apply on or before May 23, 2024.

Mastercard Foundation seeks a world where everyone has the opportunity to learn and prosper. Through its Young Africa Works strategy and Canadian EleV program, the Foundation works with partners to ensure that millions of young people, especially young women, access quality education, financial services and dignified work. Mastercard Foundation was established in 2006 through the generosity of Mastercard when it became a public company. The Foundation is independent with its own Board of Directors and CEO.

The Mastercard Foundation has published a job vacancy announcement on May 08, 2024 for qualified Kenya’s to fill in the vacant post of Special Programs Finance Consultant to be based in Nairobi, Kenya.

Mastercard Foundation Job Vacancy 2024

WAYS YOU CAN CONTRIBUTE

Manage the full cycle of Finance program partner contracts, i.e. Expression of Interest (EOI), proposal, contract approval, conduct due diligence, budget reviews, program execution and monitoring, and program completion.
Analyze financial performance against forecast and budget, investigate variances, communicate findings, and make recommendations to programs and partners.
Identify and provide financial advice, including but not limited to funding terms, taxation, Accounting Standards, and other application regulations/legislation that may arise.
Ensure timely disbursements for programs to ensure programs have sufficient funding in place to deliver the program’s objectives and outcomes.
Guide and train external program partners on all financial aspects of contract execution, including budgeting and reporting, due diligence, financial controls and Canadian regulatory requirements.
Provide financial expertise and advice internally to the Foundation’s Programs team on developing and implementing comprehensive programming strategies.
Provide ad-hoc data and support for learning and evaluation activities, including program outputs and value-for-money analysis.
Maintain accurate and timely financial documentation and data, and report on contract commitments, disbursements, and cash flow projections.
Ongoing monitoring and reporting on program financial performance post-kick-off (Deliver phase) per agreed timelines to ensure foundation resources are deployed as envisaged and sufficient funding and financial controls are in place to support the delivery expected of program outcomes. This will also ensure compliance with the CRA requirements on books and records.
Ensure the management grants systems are updated promptly and accurately with the correct financial information for each program.
Ensure adequate business controls with the programs to safeguard the foundation’s assets.
Accountable for compliance with local and international financial regulations and requirements, e.g. Canada Revenue Agency standards, anti-money laundering and anti-terrorism laws, etc.
Provide periodic reporting on partner finance matters determined by the partner contracts and ensure follow-up action items are closed as required.
Troubleshooting and management of financial issues that arise during program implementation.
Lead comprehensive program assessment processes ensuring quality control of the plans (Accountable for the quality of the Due diligence assessment).
Lead the organization’s capacity assessments, especially those related to the financial capacity of potential partners.
Drive annual due diligence review process and update yearly work plans with Program teams and partners.
Perform due diligence procedures on partners (i.e. evaluating financial statements, tax returns, financial capacity, watchlist screening)
Assess alignment with charity law (i.e., private benefit and charitable purpose rules) in coordination with the Legal & Compliance teams.
Provide Financial Information & insights as pertains to program finance to support decision-making.
Provide input into the Foundation’s financial planning and budgeting routines within the required timelines and guidance the Financial Planning & Analysis team provides.
Provide Monthly financial forecasts on commitments and disbursements for assigned portfolios.
Provide monthly financial reports on the status of the program portfolio, including analysis and insights to support decision-making on resource allocation.
From time to time, manage analysts and interns who support them in delivering the program finance tasks; assign work and review outputs of the resources.
Engaging and cultivating relationships with regional partners to ensure good governance and partner with the program teams to achieve the program’s intended strategic objectives/outcomes.
Any other tasks as may be required from time to time.

Position in Organization:

Position: Special Programs Finance Consultant
Location: Nairobi, Kenya

Qualification:

Bachelor’s degree in Accounting; MBA is an added advantage.
Professional accounting designation and a member of a relevant professional body.
Minimum 10 years of progressive experience in financial roles within large and/or global organizations. Previous work in the development sector is an added advantage.
At least 1-3 years’ experience in a management capacity, leading finance and teams of multiple technical competencies
Working knowledge of:
Financial Internal Controls Management.
Financial reporting & Analysis experience, including Budgeting and Financial Forecasting.
Advanced analytical, quantitative, and statistical skills.
Financial modelling skills, along with an understanding of financial reporting and cash flow information
Able to identify & mitigate Operational, Financial and Business Risks.
Able to generate Routine Accounting Records and Financial Reports plus determine and apply correct accounting treatments, proficient knowledge of international accounting standards.
Fluent in English and French is an added advantage.
Strong organizational skills with detail orientation, good follow-through, and ability to work independently with minimal supervision.
Able to exercise a high level of judgment in making decisions or recommendations based on analyzing data and deriving insights from the data.
Good at problem-solving, results-driven, and self-disciplined, with a strong sense of teamwork and a common purpose to achieve ambitious goals.
Proficient in MS Office applications, particularly Excel.
Flexible, adaptable, intellectually curious, and open, you are comfortable with ambiguity, receptive to new ideas and willing to learn and change.
Professional maturity, sensitivity to different cultures, and impeccable integrity that exemplify the Foundation’s values.