The Role

The Finance Manager will be responsible for managing the financial functions of This Ability Trust, including budgeting, grants management, risk management, financial reporting, audit and compliance.

Objectives 

• Develop and oversee budgets that align with the Trust’s objectives and donor stipulations.
• Efficiently manage grants and donor funds, ensuring adherence to funding regulations and reporting obligations.
• Implement robust financial policies, procedures, and controls to safeguard This Ability Trust assets.
• Provide accurate and timely financial reports to internal and external stakeholders.
• Offer strategic financial guidance to senior management and the Board of Trustees.
• Enhance financial systems and processes to improve efficiency and transparency.

Responsibilities

The Finance Manager will be responsible for the following:

• Budgeting:
  • Collaborate with the programs team and senior management to develop budgets.
  • Monitor budget execution and provide regular updates to ensure financial targets are met.
  • Conduct budget analysis and forecasting.
  • Review budget proposals for new projects, ensuring alignment with the Trust’s priorities and available resources.
• Grants Management:
  • Oversee the entire lifecycle of grants, from proposal development to reporting, ensuring compliance with donor requirements.
  • Coordinate grant budgeting and financial reporting, providing accurate and timely reports to donors.
  • Monitor grant expenditures to ensure adherence to donor agreements and project budgets.
  • Maintain effective communication with donors regarding financial matters.
• Financial reporting:
  • Prepare accurate and comprehensive financial statements in compliance with relevant accounting standards.
  • Ensure transparent reporting of financial performance to internal stakeholders.
  • Maintain financial records and documentation in line with regulatory requirements and This Ability Trust policies.
• Auditing:
  • Plan and execute internal audits to assess compliance and identify areas for improvement.
  • Coordinate external financial audits and collaborate with auditors to facilitate the process.
  • Review audit reports and implement corrective actions as needed.
  • Provide support and guidance to staff during audits.
• Risk Management:
  • Identify financial risks and develop strategies to mitigate them.
  • Implement internal controls and procedures to safeguard This Ability Trust assets.
  • Conduct regular risk assessments and reviews of financial processes.
• Compliance:
  • Monitor compliance with financial regulations, donor agreements, and the Trust’s policies.
  • Ensure adherence to statutory reporting requirements and tax regulations.
  • Conduct periodic reviews of financial procedures and documentation.
  • Stay updated on changes in accounting standards, regulatory requirements, and donor guidelines.

Required Qualifications and Experience

• An Advanced degree in Finance, Accounting, or a related field; MBA or professional qualification e.g. CPA, ACCA is preferred.
• Minimum of 10 years of experience in financial management in the non-profit sector.
• Strong understanding of accounting principles, financial reporting standards, auditing, and regulatory compliance.
• Strong in financial analysis and advanced Excel skills.
• Proven track record in budgeting, financial analysis, and grants management.
• Proficiency in financial management software especially Quickbooks is a MUST.
• Excellent communication and interpersonal skills, with the ability to interact effectively with diverse stakeholders.
• Demonstrated leadership abilities, with at least 4 years experience in managing teams and fostering a culture of accountability and integrity.
• Understanding of financial risk factors and the ability to develop and implement risk management strategies.