S4D Consulting, a prominent firm based in Laurel, Maryland, USA, with branches in Accra, Ghana, and Kampala, Uganda, is seeking a Financial Management Oversight Consultant. S4D specializes in enhancing business operations through sustainable information and communication technology, particularly in developing countries. The firm offers services in technology strategy, digital transformation, cybersecurity, data analytics, and IT infrastructure, along with engineering and scientific support in sectors such as healthcare, artificial intelligence, climate change, agriculture, and education.
Since its inception in December 2020, S4D has grown significantly, necessitating the expansion of its financial management systems. The firm seeks a consultant to design and implement robust financial management systems to support this growth.
Job Title: Financial Management Oversight Consultant
Location: Accra, Ghana
Company: Systems for Development (S4D)
Job Description
Objectives
The consultant will propose processes and mechanisms to:
Ensure accurate and timely financial reporting.
Maintain proper internal controls.
Ensure compliance with relevant laws and regulations.
Facilitate effective financial planning and analysis.
Align financial management practices with organizational strategic goals.
Scope of Work
Initial Assessment and Planning
Conduct an initial financial needs assessment.
Develop a financial management plan with objectives, scope, and timeline.
Review/Establish Financial Policies and Procedures
Develop or review and document financial policies and procedures, including accounting, budgeting, cash management, expense management, revenue recognition, and internal control procedures.
Financial Reporting and Analysis
Set up a financial reporting framework for monthly, quarterly, and annual financial statements.
Implement financial analysis tools such as variance analysis, break-even analysis, cash flow analysis, and profitability analysis.
Budgeting and Forecasting
Develop an annual budgeting process with revenue projections, expense forecasts, capital expenditure plans, and cash flow forecasts.
Design a system to track performance against the budget.
Accounting Systems and Software
Assess and recommend accounting software.
Oversee the implementation of the chosen software, including system configuration, data migration, and user training.
Internal Controls and Audit
Establish a robust internal control framework.
Develop an internal audit plan to review and test controls regularly.
Cash Management
Set up procedures for cash flow forecasting, bank account management, payment processing, and collections.
Compliance and Risk Management
Ensure compliance with financial regulations and standards.
Develop a risk management framework to identify and mitigate financial risks.
Training and Capacity Building
Provide training to the S4D finance team on financial policies, procedures, and systems.
Monitoring and Evaluation
Establish a process to assess the effectiveness of financial management systems.
Conduct periodic reviews and provide recommendations for improvement.
Reporting and Documentation
Prepare comprehensive documentation of all financial management processes.
Provide regular progress reports to S4D’s management.
Qualifications and Experience
Education
Master’s degree in Finance, Accounting, Business Administration, or a related field.
CPA or CFA certification preferred.
Experience
7-10 years in financial management, accounting, or auditing in the private sector.
Experience in developing and implementing financial policies and procedures.
Proficiency in financial reporting, analysis, budgeting, and forecasting.
Familiarity with accounting software evaluation and implementation.
Experience in establishing internal controls, compliance, and risk management.
Skills in training and capacity building for finance teams.
Skills
Strong analytical and problem-solving abilities.
Excellent communication and presentation skills.
Proficiency in financial analysis and reporting tools.
Knowledge of accounting standards (IFRS or GAAP).
Ability to manage multiple projects and meet deadlines.
Proficiency with accounting software and financial management systems.
Key Competencies
High level of accuracy and attention to detail.
Leadership and mentorship abilities.
Strategic thinking and adaptability.
High standard of professional ethics and integrity.
How to Apply
To submit your application, click here and complete the online application form.
Closing Date: 19 July 2024
Availability: Immediate start preferred
