Head of Finance and Accounts

We are recruiting to fill the position below:

Job Title: Head of Finance and Accounts

Location: Abuja
Employment Type: Full-time

The Role

• This role involves conducting supportive supervision visits, contributing to financial reports, analyzing data for decision-making, and managing payroll processes.
• The Head, Finance & Accounts plays a crucial role in ensuring sound financial management in ASO, regional offices, maintaining organization accounts, new business budgeting, financial reporting managing commercial wings of MSIN, deals with internal and external auditor and controls across MSI Nigeria Reproductive Choices' service delivery channels in each regional office.
• With strong leadership skills, attention to the detail, donors compliances and the ability to multitask, the HFA supports the Finance Director in achieving financial goals and maintaining financial and non financial data integrity. Ethical conduct, resilience, and proactive decision-making are key attributes for success in this role.
• The HFA coordinates closely all other departments and ensures compliance with financial procedures and policies.

Key Responsibilities
Strategic Financial Management:

• Provide ideas and influence to expand MSIN social business, including innovative approaches to financing health services, and advise on opportunities that enhance impact and cost-effectiveness.
• Prepare comprehensive monthly financial reports and management accounts, identifying variances and proposing corrective actions.
• Production of high-quality financial analysis of our Centre and social marketing operations and daily analysis report of both primary and secondary sales.
• Lead business planning, financial planning, project budgeting, and forecasting aligned with organizational strategy and development of the annual business plan
• Advise the Finance Director, SMT and other country management team on financial strategy, risk, and commercial investment decisions
• Recognize and map sales receipts to appropriate distributor to ensure proper debt aging for the SM Channel
• Monitoring of debtors aging and flagging on timely basis with the Regional sales Managers and the SM director.
• Identify and support strategic initiatives that promote growth and financial sustainability through new business models, efficiency improvements, and partnerships across both private and public sectors
• Analyze financial data to identify trends, variances, and areas for improvement.

Business planning, Budgeting and Forecasting:

• Work with the Grant unit to provide financial forecasts and projections to support strategic planning.
• Work with the Grant Unit, Programme Department, and other stakeholders in the budgeting process, including developing annual budgets (Business Plan), rolling forecasts, and P4 or/P7 forecasts.
• Work with all units and facilitate the process of annual business planning process and ensure accuracy and timely submission as delegation by FD
• Support the channel leads in developing new business opportunities, whether through new channels, new geographies, or expansions of product and service offerings in existing channels.

Donor & Grant Management:

• Support proposal development with accurate costing and financial analysis
• Monitor and manage programme budgets and expenditure trends, strengthening systems for tracking restricted and unrestricted funds to ensure full cost recovery and the optimal use of MSIN and donors’ resources.
• Coordinate briefings with donors team, MSI and government entities as required.
• Timely and accurate financial reports that meet contractual and compliance requirements
• Ensure correct donors charging/coding and allocation of shared cost as per MSIN cost allocation policy.
• Lead development of donor budgets and ensure right budgeting as per MSI global pricing standard,

Risk and Debt Management:

• Conduct periodic reviews of contracts with trade partners and health insurance institutions, ensuring financial and legal compliance.
• Conduct regular risk assessments, identifying potential risks in cash management, social marketing sales, centre income, and inventory processes, and implementing mitigation measures.
• Manage trade partner credit limits, ensuring regular reviews and reconciliations of debt balances.
• Identify financial and non financial risks across country program and support FD and SMT to implementing mitigation strategies.
• Involves in reviewing the credit limit setting and rebate/discount structure.

Financial Analysis and Strategy:

• Support the channel, leading in overseeing the operational performance of key business partners including distributors, suppliers, sales team, incentives etc.
• Provide strategic recommendations to enhance financial performance and business growth.
• Responsible with the SMD/Centre CL to produce a high-quality business case to support new product launches and market opportunities.
• Supporting the SM (Pillar 3) and Pillar 2 Director in regular business reviews.
• Support SMT/CSMT with financial insights and strategic advice.
• Conduct financial and non financial data analysis to support business decision-making.
• Advice FD , channel leads and SM director on cost reduction initiatives in the both NGO and commercial channels.

Business & Commercial Support:

• Support SM team to ensure financial and non financial data is analysed regularly and advice on sustainability of each centre and SM products viability.
• Support social marketing and clinic network profitability analysis on monthly basis
• Partner with commercial teams to assess financial viability of new ventures and pricing strategies
• Support the Operations department, TSD in the development and maintenance of robust systems to capture operational data.
• Develop business cases and ROI analysis for investments and service delivery models

Audit, Tax & Compliance:
Accounting & Auditing

• Lead statutory audit and project audit with support of FC and grant team. Ensure financial statement are prepared timely and presented to auditors.
• Lead periodic tax health checks to assess compliance risks, identify exposure areas, and recommend corrective actions
• Ensure full compliance with MSI global standards, Nigerian laws, and donor requirements.
• Coordinate internal and external audits, and maintain effective relationships with external auditors and regulatory bodies, ensuring timely implementation of recommendations in line with group reporting timetables
• Ensure accurate and timely filing of all tax, and statutory obligations

Qualification, Experience and Skills

• Experience of working with colleagues in geographically separate locations.
• Ability to establish and maintain contacts with senior-level government and distributors.
• Able to communicate effectively (both written and oral) at all levels.
• Good team player and flexible while working with other colleagues
• 8 - 12 years post-NYSC experience in a similar role with an NGO/INGO or commercial sector
• Significant experience in internal controls and compliance.
• Cross-functional team player.
• Proficiency in MS Office (advance Excel, Word, PowerPoint).
• Handling of highly confidential information.
• Understanding of organizational dynamics and maintaining objectivity.
• A Master's Degree with a minimum of 2nd class Upper division, and recognised professional qualifications such as ACA, ACCA, etc.
• Ability to multitask, manage a workload and produce high quality, on-time work
• Working knowledge of different donors KFW, ECHO DFI CIFF, GF etc.
• Advance excel skills preferred
• Knowledge of standard accounting software packages (Tally, Power BI, QuickBooks, SUN Systems). ERP knowledge will be added advantage
• Ability to use ERP and SUNAccounting package and other accounting packages
• Strong organizational and coordination skills.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Note

• Children by Choice, not Chance.
• MSI Nigeria Reproductive Choices provides equal opportunity in employment and prohibits discrimination on the basis of race, sex, colour, religion, age, marital status, or disability.
• MSI Nigeria is committed to safeguarding children and vulnerable adults and operates a zero tolerance approach to abuse, exploitation, and harassment on any kind.
• Choose the location of the job as indicated on the form
• This role is open until filled, and we will be conducting Interviews on a rolling basis even while the advertisement is still active.
• There are no relocation allowances available for this position.