1. Financial Management:
• Develop and implement financial strategies, policies, and procedures aligned with the organization's goals and FCRA regulations.
• Oversee the preparation of accurate and timely financial reports, including budgets, financial statements, cash flow projections, and variance analysis.
• Monitor financial performance, identify areas for improvement, and provide recommendations to the management team.
• Ensure compliance with regulatory requirements, accounting principles, and internal controls.
2. Donor Relationship Management:
• Cultivate and maintain relationships with existing and potential donors, both domestic and international.
• Collaborate with the fundraising team to develop and implement strategies to attract and retain donors.
• Provide financial information and reports to donors, demonstrating accountability and transparency in fund utilization.
• Participate in donor meetings, presentations, and events to represent the organization's financial interests.
3. Budgeting and Financial Planning:
• Lead the annual budgeting process, working closely with department heads and the executive team to develop realistic and achievable financial plans.
• Monitor budget performance, identify variances, and provide recommendations for corrective actions.
• Conduct financial analysis, scenario modeling, and risk assessment to support strategic decision-making.
• Collaborate with program managers to ensure program budgets align with donor requirements and organizational objectives.
4. Treasury and Cash Flow Management:
• Oversee cash flow planning, forecasting, and management, ensuring adequate liquidity for ongoing operations.
• Optimize cash management strategies, including investment decisions, risk mitigation, and foreign exchange management.
• Monitor and manage banking relationships, negotiate favourable terms, and ensure compliance with banking regulations.
5. Compliance and Risk Management:
• Ensure compliance with FCRA regulations, tax laws, and other applicable regulatory requirements.
• Coordinate with internal and external auditors for annual audits and manage audit processes.
• Develop and implement effective risk management strategies and internal controls to safeguard the organization's assets.
• Stay updated with evolving financial and regulatory frameworks, recommending changes as necessary.
6. Legal Support:
• Provide necessary Legal support and liase with outside Legal Counsels whenever required.
