2021-06-14

Finance Manager- Hargeisa, Somaliland

Hargeisa, Somaliland
Posted on June 14, 2021

Pharo Foundation

Finance Manager- Hargeisa, Somaliland

Finance Manager- Hargeisa, Somaliland

Organisation Overview

The Pharo Foundation (hereafter the ‘’Foundation”) is a privately funded entrepreneurial organisation that runs philanthropic programmes as well as for-profit Social Ventures. The Vision of the Foundation is an economically vibrant and inclusive Africa. The Mission is to achieve our vision by investing in Africa’s human and physical capital with a strong focus on job creation.

Established in 2011 as a UK based non-profit, the Foundation has since made a strategic shift to directly design and implement its own programmes to ensure greater engagement with communities, better results and increased accountability. The Foundation has carried out numerous projects in East Africa, with a focus on Ethiopia and Somaliland. The key themes for the philanthropic side of the Foundation are education, health, water and agriculture.

At the end of 2019, the Foundation started its social ventures franchise to priorities sectors where the Foundation believes a real impact can be made by establishing self- sustaining businesses, which focus on job creation.

Headquartered in London, the Foundation has an operational Head Office in Nairobi, Kenya with country offices in Ethiopia (Addis Ababa and Assosa) Somaliland (Hargeisa) and Rwanda (Kigali) with further expansion plans in East Africa.

Position Summary

We are looking for a Finance Manager to join our Finance team. We are looking for proactive, dynamic person and team player, with great organizational capacity, accustomed to handle multiple tasks and with marked attention to details. It is an excellent opportunity for those professionals looking to develop in one of the fastest growing organisations in East Africa.

Job Title: Finance Manager

Reports To: Acting Country Representative

Functional Relationships: Pharo Head Office & Pharo Schools Teams Somaliland.

Job Location: Hargeisa, Somaliland

Contract: Fixed Term – One year

Duties and Responsibilities:

Prepare programme and country financial reports in accordance with the Foundation’s reporting requirements for submission to the London office.

Prepare and regularly update administration and programme budgets and other financial reports and analysis as required by the Country Representative and the London office.

Assist the Country Representative, the Programme Managers and other relevant colleagues to manage programme budgets.

Submit monthly and other regular reports to the SMT and London office in agreed formats and by agreed deadlines.

Oversee the development and regular updating of financial systems and procedures and its recording within the Accounting Policies and Procedures Manual.

Manage cash flow ensuring sufficient funds are available in-country for the smooth operation of the programme.

Coordinate the development of budgets for new proposals in close liaison with the Country Representative and the Programme Managers.

Assist the Programme Managers and the rest of the programme teams in the preparation and interpretation of programme accounts and other internal reports.

Bring to the attention of the Country Representative (or the Finance Manager in London) financial systems matters which are unclear and require clarification or major decisions.

Organise and manage annual audits in liaison with the Country Representative and the Finance Manager in London.

Keep abreast of developments in the regulatory and legal environment related to financial, taxation, labour and other relevant matters and bring to the attention of the Country

Representative major developments that impact on the Foundation’s operations in Somaliland.

Financial Reports

Prepare project level financial reports (BvAs), and provide variance analysis to managers. Prepare consolidated monthly and quarterly management reports and variance analysis.

Provide insight information and expectations to senior executives to aid in long-term and short-term decision making.

Maintain financial policies and procedures for the Foundation.

Understand and adhere to financial regulations and legislation and ensure full compliance at all times.

Team Management

Supervise finance team across the Foundation and Schools. Set daily / weekly plans and monitor accordingly.

Provide refresher trainings as necessary and mentor them to ensure learning and growth. Set goals and objectives for the team.

Conduct performance appraisals as per the Foundation’s policy and procedures.

Auditing and compliance

Verify assets and liabilities by comparing items to documentation.

Ensure compliance with established internal control procedures by examining records, reports, operating practices, and documentation.

Support external auditors during statutory / annual audit process.

Qualification Requirements:

Bachelor’s Degree in Finance, Accounting or related fields.

Relevant post-graduate Master’s Degree (preferably in Finance or Investment Analysis) or an MBA is strongly preferred.

Minimum 5 years of relevant experience.

Knowledge of computerised accounting system is required including but not limited to Quick Books, Sage50 etc.

Excellent MS Excel and financial modelling skills and advanced use of the Microsoft Office suite. Superior mathematical skills.

Leadership skills and experience.

Behavioral Competencies

Ability to be creative and innovative in generating new ideas and undertaking research.

Excellent interpersonal skills with the ability to manage sensitive and confidential situations with tact, professionalism, and diplomacy.

High level of professionalism, work ethics, integrity and data collection analysis and reporting.

Commitment, ability to work under pressure and meet deadlines.

Excellent time-manager who can balance multiple priorities.

Excellent communicator and comfortable to work in a team environment.

High professional and ethical standards.

Positive, enthusiastic and willingness to learn.

Possess a ‘can-do’ attitude.

Highly analytical, organised and a pragmatic professional who pays attention to details.

Salary and Benefits

The salary and benefits package is competitive and will be commensurate with qualifications and experience.

Medical insurance is provided in accordance with The Pharo Foundation Health policy

Application Procedure

This position is open to both female and male nationals from Somaliland.

The Application Deadline is June 27, 2021.

Review of applications will begin as soon as they are received, and only complete applications will be considered. In the event that an outstanding applicant is identified early in the search process, we reserve the right to appoint before the deadline. For this reason, we encourage interested candidates to apply at the earliest possible time.

Due to the high volume of applications, we regret that we will only be able to contact short-listed candidates.

How to Apply:

Please send the information below, as a single PDF file, to the following email address: Recruiting.SL@pharofoundation.org with subject line “Application for Finance Manager.”

A detailed CV and Cover letter.

An essay of no more than 1,000 words detailing the experience you have gained that makes you the most qualified candidate for the role.

A one-page list of five references with current addresses, phone numbers and email contacts.

State on your application where you saw the advert for this position.

Closing Date: June 27, 2021.