Finance Officer Full Time

About Us

AECF (Africa Enterprise Challenge Fund) is a leading non-profit development organization supporting innovative agribusiness and renewable energy enterprises to reduce rural poverty, promote resilient communities, and create jobs.

We catalyze the private sector by surfacing and commercializing new ideas, business models, and technologies designed to increase agricultural productivity, improve farmer incomes, expand clean energy access, reduce greenhouse gas emissions, and improve resilience to the effects of climate change. We finance high-risk businesses that struggle to access commercial funding. We are committed to working in frontier markets, fragile contexts, and high-risk economies where few mainstream financing institutions dare to go.

Over 17 years, we have supported 536 businesses in 27 countries in Sub-Saharan Africa, impacted more than 36 million lives, created over 35,000 direct jobs, and leveraged US$840 million in matching funds.

The Role

The finance officer will be part of the core finance team at AECF, which is responsible for overall financial management. The incumbent will serve as the finance liaison to AECF’s donors and will represent AECF at any donor and program partner meetings and ensure consolidation of the periodic award budgets, financial reports, strong tracking of program expenditures, continual analysis of program cash flow, ensuring compliance with AECF’s and donor policies.

The role holder will also have responsibility over the program’s general ledger monthly review, ensuring ledger data is up to date and accurate to assist in the preparation of financial reports to management, donors, and the board.

This role will report to the Senior Finance Officer.

Key Responsibilities

• Assist with financial planning, including preparation of project budgets, project cash flow forecasts, and implementation of appropriate budgetary controls.
• Producing monthly actual vs budget (variance) reports for programs and participating in quarterly meetings with portfolio teams to review the reports.
• Ensure timely processing of program financial and accounting data, confirming such data is in accordance with the laid down procedures and policies, accurate, complete, adequately supported by all underlying appropriate documents, correctly assigned to appropriate expenses and project budget lines, and donor conditions.
• Monthly review of project ledger, ensuring accuracy of postings and alignment to program design and budgets.
• Prepare bank reconciliation statements for select bank accounts on a monthly basis.
• Maintain primary relationship and correspond with donors on all requests relating to budgets and donor financial reports.
• Tracking of cost share for programs that require a contribution.
• Assist in external audit coordination of the project, including preparation of relevant audit schedules, as may be assigned.
• Preparation of project financial reports in an accurate and timely manner, in line with program reporting templates, donor, and AECF policies.
• Review and approve travel advance requests and surrenders as per policy.
• Support for proposal budgets.

Suitable candidates should:

• Have a bachelor’s degree in economics, statistics, commerce, or finance from a recognized university.
• Have professional qualifications in finance (CPA, ACCA) ora related field.
• Be a member of a professional body.
• Haveat least five (5) years of experience managing the finances of >$20 million international non-profit organization with a mix of funding sources, preferably bilateral donors.
• Have working experience with FCDO, GAC, Kfw, IFC, EU, World Bank, and SIDA.
• Experience working in an ERP environment.
• Have strong proficiency in advanced Excel features.
• Be fluent in English. Proficiency in additional languages such as French is preferred.

Tagged as: Africa Enterprise Challenge Fund, Kenya