Job Purpose
Under the direct supervision and guidance of the Head of Partnership and Grants Management Division, the Principal Finance Officer will be responsible for managing the financial aspects of grant-funded projects, ensuring compliance with grant requirements, and providing strategic financial guidance to support successful grant implementation. This position involves overseeing financial processes, budgeting, reporting, and compliance within the grant management framework. The Principal Finance Officer will collaborate closely with various stakeholders, including internal technical divisions and finance teams, subgrantees and donors to ensure the successful implementation of grant-funded projects. This position requires a seasoned finance professional with strong analytical skills, attention to detail, and the ability to ensure compliance with financial regulations.
Major Duties and Responsibilities
The incumbent will undertake the following responsibilities and tasks:
- Oversee the financial management of grant-funded projects, ensuring accurate and timely reporting.
- Develop and maintain financial models, tools to track grant budgets, expenditures, and projections.
- Collaborate with technical divisions to ensure alignment between financial goals and program objectives.
- Develop and maintain relationships with sub-grantees, providing financial guidance and support.
- Review and assess sub-grantee financial reports, ensuring accuracy, compliance, and adherence to grant terms.
- Analyze sub-grantee financial data to identify trends, variances, and potential issues.
- Ensure sub-grantees adhere to financial policies, procedures, and compliance requirements.
- Conduct regular audits and assessments to monitor sub-grantee financial performance.