Finance, Grants & Compliance Coordinator

at Faith to Action Network
Published February 27, 2024
Location Nairobi, Kenya
Category Finance  
Job Type Full Time  

Description

The role is responsible for Grants financial management of the assigned projects and compliance with donor rules and regulations. In particular, the role is responsible for financial planning, implementation and monitoring, accurate and timely financial reporting and ensuring the project budget is expended in line with the donor requirements and expectations. A key focus area for the position is to manage sub-grantees, contracts, due diligence, financial reporting and build capacity of the partners in good governance, financial Management, budgeting and accountability.

This role strengthens partner policies and financial management processes to ensure that resources are used more effectively, efficiently and equitably.

KEY TASKS & RESPONSIBILITIES:

Grants Management and Compliance

Leads pre- and post-award work with program and partner/sub-grantees teams to facilitate the process of onboarding new projects to ensure internal controls and donor compliance systems are established and followed.
Participates as required in grants inception, implementation monitoring and close- out activities ensuring compliance with Donor requirements
Ensure proper planning and timely disbursement of funds to grantees, maintain effective communication between the partners, sub-grantees, programme and the finance team.
Monitor spending across assigned grants to ensure appropriate expense allocation per budget line, timely use of funds, and compliance with donor’s operational and contractual requirements; document and monitor overall performance, analyze trends, highlight issues, identify gaps and institute corrective measures where necessary.
Review partners reports to ensure they are well supported, are allowable, reasonable and allocable per donor requirements and that GAAP are observed.
Ensure that grants or contracts are well administered from a finance perspective, and programme teams are fully informed of relevant donor compliance regulations and Faith to Action Network procedures.
Completes grants compliance checklists and grant launch materials for awarded grants as needed to ensure staff managing the grant-funded project, the sub-grantees and the partners understand and have the resources to comply with the donor terms applicable to their grant-related activities

Budgeting & Reporting

Working with programme team to prepare projects budget in line with work plans.
Prepare timely and accurate external financial reports that comply with all donor regulations; work with programme staff and grant recipients to confirm that reports are backed by adequate documentation and records
Lead budget revisions and reallocation requests, in collaboration with head of Finance and Administration
Prepare Budget vs Actual reports to ensure regular funds reconciliations.
Monitor budget spending for the project, ensure that budget expending is in line with project deliverables, and provide monthly updates on financial status including cash flow and variances, and institute corrective measures where necessary.
Audit, Risk Management and Internal controls

Participate in the design and implementation of internal controls, policies, and procedures to ensure compliance with all applicable laws and regulations.
Maintains financial management files for grants and ensures audit trail for all necessary grant documentation
Works closely with auditors to ensure efficiency and completion of audits, and to ensure that audit findings and recommendations are addressed and closed in a timely manner.
Investigate exceptions on all reports and facilitate corrective actions.
Review expenditure worksheets for accuracy and completeness before processing payment or filling to ensure audit ready documentation at all times
Capacity Assessment and Strengthening

Review sub-grantee and partner finance, operations, HR and procurement policies to identify areas of improvement to enable them to discharge contractual obligations to donors.
Carry out necessary training of finance and non-finance staff to ensure that donor requirements are met.

Academic Qualifications & Experience

Bachelor’s degree in Accountancy, Finance (Masters will be an added advantage)
Full accounting professional qualification - Chartered/Certified Accountant (CPA, ACCA) or other comparable/equivalent qualification
6 years of progressive professional experience in donor funded projects with at least 3 years in grants/contract management experience implementing with partners.
Demonstrated ability to meet deadlines and manage multiple projects simultaneously
Experience in developing and delivering trainings on grants and compliance subjects to staff and local partners
Exceptional English writing skills.
Prior experience in conducting project financial reviews and coordinating internal and external audits
Partnership/sub award experience including instrument development, systems and process development.
Demonstrated knowledge and experience in Grant and fund management, financial reporting, Partnership management, Project Financial Management, Project management, Budgeting and budgetary control

Interested candidates should submit their applications (CV and cover letter)

Applications should include a full curriculum vitae (including comprehensive details of key achievements and responsibilities, a list of references and current salary) along with a covering letter addressing the job description, academic and professional qualifications and indicating motivation for the role.

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