African Leadership Academy is recruiting for a Finance Manager: Apply Now!
Application Deadline: 28 February 2025
African Leadership Academy is recruiting for a Finance Manager: Apply Now!
Job Description
African Leadership Academy (ALA) seeks to transform Africa by developing a powerful network of ethical and entrepreneurial leaders who will work together to address Africa’s greatest challenges, achieve extraordinary social impact, and accelerate the continent’s growth trajectory. Founded in 2008, African Leadership Academy (ALA) identifies young leaders from across Africa and prepares them for a lifetime of leadership through an innovative two-year pre-university program.
Position Overview
The Finance Manager at African Leadership Academy (ALA) will play a critical role in overseeing financial operations, ensuring compliance with financial regulations, and providing strategic financial guidance to support the Academy’s mission. This Finance Manager role requires a hands-on leader who is detail-oriented, analytical, and capable of driving financial efficiency and accountability.
Key Responsibilities:
1. Financial Analysis:
- Prepare monthly, quarterly, and annual financial reports, including presentations, for the CFO and Executive Committee.
- Conduct financial analysis to identify trends, variances, and areas for improvement.
2. Accounting, Audit and Compliance:
- Manage month-end processes and close.
- Manage the day-to-day accounting operations.
- Ensure compliance with local financial regulations, tax laws, and internal policies.
- Coordinate and lead the annual external audit process, liaising with external auditors and regulatory bodies.
- Review and implementation of accounting policies and SOPs
3. Reporting:
- Produce the monthly reporting pack for exco
- Produce reports for committees and boards
- Produce the annual financial statements
- Assist in grant reporting
- Formulate the annual corporate and reporting calendar
- Other reports required by both internal and external stakeholders for decision-making
- Developing presentations for various stakeholder reporting platforms.
4. Cash Flow Management:
- Monitor and manage cash flow to ensure the organization’s liquidity and financial stability.
- Oversee the management of banking relationships and optimize investment strategies.
5. Risk Management:
- Identify and develop a financial risk matrix
- Implement mitigation actions to reduce financial risk
6. Taxation:
- Oversight of all tax matters
- Preparation and submission of all tax returns
- Tax compliance
- Tax benefits available to the institute
7. Team Leadership and Development:
- Lead and mentor the finance team, fostering a culture of continuous improvement and professional development.
- Provide training and support to staff on financial processes and systems.
- Planning and prioritization of team tasks and goals.
8. Strategic Financial Support:
- Partner with the CFO to develop and implement financial strategies aligned with the African Leadership Academy’s goals.
- Support strategic initiatives by providing financial insights and recommendations.
- Provide support to all teams in the grant application process, especially in the financial modelling
9. Systems and Process Improvement:
- Evaluate and improve financial systems, processes, policies and controls to enhance efficiency and accuracy.
- Lead the implementation of new financial tools and technologies as needed.
Profile of Ideal Finance Manager Candidate:
- Bachelor’s degree in finance, Accounting, or a related field; CA(SA) qualification preferred.
- Minimum of 5-7 years of progressive financial management experience, preferably in the education or non-profit sector.
- Strong knowledge of financial reporting standards, tax regulations, and IFRS compliance requirements.
- Proficiency in financial software and systems; experience with ERP systems is an advantage.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong leadership and team management abilities.
- Effective communication and interpersonal skills.
- High level of integrity and attention to detail of students.
- A self-starter and must be able to implement and carry tasks and projects to conclusion.
- Strong report writer.
- Excellent Microsoft skills in Excel, Word and PowerPoint.
- Excellent stakeholder communication skills.
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