Finance Manager

• Plan the foundation's budget, which is based on grants and donations received. Work with program managers to determine expenditures, monitor spending throughout the year, and make adjustments as needed.
• Manage funds received, including creating and submitting financial reports to donors, ensuring compliance with donor requirements, and monitoring spending.
• Advise and assist on all aspects of reporting, compile data, answer inquiries regarding covenants recorded, funds received, adjustments made to ensure financial compliance, accuracy and completeness of statements, and adjustment of budgets.
• Develop a budgetary control plan that outlines the procedures for monitoring and controlling project expenditures by reviewing and approving expenditures, tracking budget variances, and addressing any budget overruns.
• Direct the foundation's cash flow due to fluctuations in donations and grants, which includes setting cash flow projections, managing bank accounts, and ensuring that the foundation has sufficient cash on hand to meet its obligations.
• Manage a dedicated committee to perform monthly cash inventories, verifying the accuracy of cash account balances recorded with the actual cash on hand.
• Prepare periodic financial reports, present cash flow projections to the Board of Directors, and respond to donor inquiries about cash management.
• Ensure that the organization adheres to all financial regulations, laws, and accounting standards for non-profit organizations.
• Prepare financial statements, gather financial data from various sources, analyze and present data clearly and accurately to identify trends, risks, and opportunities for improvement.
• Establish comprehensive accounting policies, procedures, and controls, identify accountable personnel, and set schedules for document submission, all aimed at ensuring the comprehensiveness and accuracy of financial information.
• Implement the chart of accounts in the NGO's accounting system, ensuring that all transactions associated with the projects are recorded in the appropriate accounts.
• Oversee accounting operations, general ledger, and financial reporting to ensure compliance with accounting principles, practices, standards, and regulatory requirements. Additionally, close year-end accounts and prepare year-end reports on accounts payable and prepayments.
• Ensure that the procurement process is efficient, effective, and aligned with the foundation's financial goals and objectives, through budget management, oversight of vendor relationships, payment processing, risk management, and analysis of procurement performance.
• Manage the assets of the foundation, including maintaining accurate records, tracking depreciation, and ensuring that assets are properly accounted for in accordance with accounting standards.
• Conduct regular audits of the foundation's assets to ensure that they are properly maintained, accounted for, and protected.