World Vision International

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Financial Analyst- Kagera Cluster

Job Description

Financial Analyst

Purpose of the position:

To provide financial management oversight for the clusters and Project\programs by providing detailed financial analysis, review of and strengthen internal controls, risk mapping and mitigation and budgetary management in line with GAAP and World vision financial policies. Reporting to the Senior Finance Manager – Field Operations the position will be responsible for consolidating quarterly Finance Dashboards, Asset Management, Support Finance capacity building initiatives and donor liaison on all financial matters within the Clusters.

Communicate World Vision's Christian ethos and demonstrate a quality of spiritual life that is an example to others.

Roles and responsibilities:

Financial Analysis:

  • Perform Monthly and Quarterly Analysis of Spending against Budgets for all Projects and share with clusters, Variance Analysis, Investigation and follow-up to respective project.

  • Review and follow up of long outstanding balance of payable, receivable, advances and other account on the balance sheet within clusters.

  • Extract financial data, compile, analyze and interpret results, and write summary reports of findings with specific recommendations and corrective actions as needed.

  • Perform Financial Forecasts, trend analysis and Analytical Reviews before year end on possible under\ over spending of the projects within the Clusters.

  • Conduct special analysis per management request.

  • Follow up implementation of monthly financial analysis provided by Field Finance.

Budget Management:

  • Support annual planning and budget preparations in line with partnership guidelines and update PBAS accordingly.

  • Perform Monitoring of Project spending against budget through Variance Analysis, investigation and follow-up to respective project.

  • Ensure monthly project/cluster monthly meetings are done for discussing financial reports/ spending analysis and minutes are filed.

Capacity Building:

  • Facilitate capacity building in financial management for finance, Program staff and partners.

  • Oversee Implementation of Partnership Finance initiatives within the clusters.

  • Capacities building to finance staff on Sun system, Vision excel, Vision executive and Microsoft excel.

  • Finance Capacity Building - Performance Finance Capacity Building Needs Assessment and development related \ necessary Capacity Building Plans.

Risk Management:

  • Audit Performance and Risk Management: - Follow up of Management Responses to audit reports, implementation of previous audit recommendations, Analyze audit trends and recommend revisions to internal Control processes and systems. Conduct quarterly review of implementation status and send the reports to the Head Office.

  • Conduct continuous financial reviews of systems and procedures within all the clusters (100% vouching of all transactions) and monitoring visits to all projects\programs within the clusters for risk assessment and mitigation.

  • Ensures sound internal control system is in place and continuously operational throughout the clusters and any lapses or breakdowns including Frauds or misappropriations are timely reported. Identify risks resulting from projects implementation within the areas of operations and report to the Financial Planning and Analysis Manager suggesting the ways to minimize the impacts.

  • Ensure that (i) All procurement transactions within clusters are done as per WV procurement Policy, (ii) all voucher posted in the system are authorizes. (iii) All assets purchased are properly recorded in the asset register and fiscal verification of the assets is done.

  • Continuous update the risk register at Cluster level.

Qualifications: Education/Knowledge/Technical Skills and Experience

The following may be acquired through a combination of formal or self-education, prior experience or on-the-job training:

  • Minimum Qualification required: Bachelor Degree in Accounting

  • Experience: 7 yrs/3 yrs in Managerial level

  • Preferred: MBA, ACCA, CPA related fields

  • Technical Skills & Abilities:

  • Excellent computer skills in Excel & Sun-systems software/Visions.

  • Experience in managing donor funds

  • Working knowledge of Sponsorship and Grants operations, finance services and practices is an added advantage.

  • Good planning and organizational skills

  • Ability to maintain effective working relationships with all levels of staff and public

  • Good Analytical skills necessary.

Other Competencies/Attributes:

  • Must be a committed Christian, able to stand above denominational diversities.

  • Perform other duties as required.

Working Environment / Conditions:

  • Work environment: Office-based with very frequent travel to the field

  • Travel: 70% Domestic travel and 10% international travel may be required.

On call: 20%