Summary
Date Posted: Friday, December 17, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
AVPA Chief Finance Operating Officer

About AVPA
The African Venture Philanthropy Alliance (www.avpa.africa) is a unique Pan-African network of social investors collaborating to increase the flow of capital into African social investments and ensure its effective deployment for maximum social impact. At a grand scale, AVPA is aiming to address the SDG financing gap on the continent by not only mobilizing more philanthropic capital but also crowding-in private capital into social investments. We work with a variety of social investors deploying grants, debt, and equity (the continuum of capital) into social investments. These include foundations, corporates, family offices, individual philanthropists, angel investors, impact fund managers, PE & VC funds, bilateral and multilateral donors, governments, DFI’s, and non-financial service providers. Our network seeks to achieve greater social impact through collaboration, exchange of information, acquisition of skills and knowledge, and the application of innovative finance approaches/models.
AVPA has its headquarters in Nairobi, with regional offices in Johannesburg and Lagos. AVPA is aligned with thriving sister networks in Europe (EVPA), Latin America (Latimpacto) and Asia (AVPN), thus forming a dynamic global force for social impact. For more information about AVPA, see www.avpa.africa.

Role Summary
AVPA is seeking to recruit a part-time experienced CFO (50%) to manage AVPA’s financial operations, reporting to the CEO. The CFO will work closely with the CEO and as needed, with the Board of Directors, to drive, coordinate and ensure the following: -
1. Financial management and accounting: to review financial records of AVPA and its subsidiaries and compile and distribute consolidated records and reports for AVPA, including:
• Monthly accounts
• Quarterly reports to the CEO/Board
• Statutory Audit financial statements and liaise with auditors
• Reviews monthly status and performance reports for Finance for submission to the CEO for review
• Reviews monthly management report packs: review and sign off cash movement schedules and bank reconciliations and ensure supporting documentation is made available
Budgeting: to work with the CEO to oversee the process of assembling the annual budget and monitoring progress against the budget, including:
• Structure and lead the process of determining the initial annual budget
• Monitor and report actual financial performance against the budget
• Lead any subsequent reforecasts or reformulations of the budget
• Prepares budget guidelines for distribution to management and staff
3. Compliance & Risk management: to assist AVPA in its compliance with all laws in all jurisdictions in relation to:
• Annual Returns
• Taxes
• Board and Member Meetings
• General business operations and employees
• Develops, implements, and reviews financial internal control systems, policies, and procedures
• Risk management: identifies financial risks that the organization is exposed to and implement appropriate risks management strategies. Ensure the organization is adequately insured and report on risk management
• Implement appropriate risk management strategies in the finance department and report on risk management
• Ensures compliance with the organisational and government policies and regulations
4. Treasury management: to ensure rigorous management of AVPA’s financial resources
• Regularly monitor and report to the CEO/Board the financial and cash position of AVPA as well as its subsidiaries
• From time to time, propose how to invest any surplus monies and then act based on CEO/Board decisions

5. Processes and Procedures: to ensure that AVPA has a clear, practical set of processes and procedures to guide effective operates consistent with accepted best practice
• Review existing processes and procedures and recommend changes where appropriate
• Monitor compliance with such processes
• Contribute to policy amendments where necessary
• Lead the process for gaining nonprofit/tax exempt status
6. Strategic decision-making and planning: to ensure that AVPA’s strategic decisions and initiatives are fully informed by robust financial advice and analysis
• Contribute to AVPA’s strategic decision making by taking an active role in financial analysis and management. E.g., review grant proposals, new services to members, review AVPA’s management accounts, etc.
• Assess and assist with expansion into new markets and programs
• Assist CEO with staff performance monitoring and organizational changes
• Meet with key stakeholders as appropriate
• Represents the Trust within various financial management forums
7. Payroll and Accounts Payment Management services
Integrates payroll data between the Payroll and Finance systems
• Reviews payroll reconciliations and verify payroll prior to confirming calculations and ensures that supporting documentation is available
• Manages and monitors adherence to payroll policy and procedures
• Monitors the timeous effecting of payment to staff members and other third parties
• Monitors the timeous effecting of payment to staff members and other third parties
• Manages the timeous completion of tax returns, payments, and reconciliations within the prescribed time
• Develops annual procurement plans that are aligned to the business strategy
• Develops and reviews procurement policies, guidelines, and procedures to ensure compliance with the National Procurement Legislative Framework
• Identifies and monitor strategic Accounts Payable Management risks, alert management and make recommendations on risk mitigation actions
• Reports to the CEO on the activities of the Accounts Payable Management and prepare performance reports

This job description has been written at a specific time and is subject to change as the demands of the business and the role develops. The role requires flexibility and adaptability and employees of the Organization need to be aware that they may be asked to perform tasks and be given responsibilities not detailed in this job description.

Qualification
Degree in either Finance or Accounting or BCom. An MBA is an added advantage

Experience & Skills
• At least 10 years of relevant experience in a similar position working in financial services, impact investment, international development, Non-Profit, or a related field in Africa. At least 5 of these years must have been at a Senior Management or Director level.
• Passionate about the continent, AVPA’s mission, and creating significant social impact
• A good understanding of multi-country operations especially in the African context is important Excellent corporate cash management, financial tracking, and info./data presentation skills
• Strong problem-solving skills
• Strong Leadership skills and work ethic
• Excellent written and verbal communication skills
• Exceptional integrity
• Strong people management capabilities
• Experience in working with boards is a plus
• Hands on experience with accounting packages, systems, processes, and standards
• Experience in using Salesforce as a data management tool is an added advantage
• Experience in Grant management/sponsorship/proposal writing experience is a plus
This position can be based in either Nairobi, Kenya, or Johannesburg, South Africa. Candidates must have the right to live and work in one of these jurisdictions.

Work Hours: 8

Experience in Months: 120

Level of Education: Bachelor Degree

Job application procedure
To apply for this position, please send your CV and a cover letter, highlighting how your experience fits in with the role, to Frank Aswani at Faswani@avpa.africa, cc Nancy Kairo Nkairo@avpa.africa by COB January 5th, 2022. In your email application, please use the line “Application for the role of AVPA’s CFO” as your subject line

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