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Chief Financial Officer

Nairobi, Kenya
This Job has Expired
Company Details
Name:CFK Africa
Industry: Non-Profit Organization Management
Description: CFK Africa improves public health and economic prosperity in informal settlements. We combine public service with responsible research to inform and assist participatory development in Kibera – one of the largest informal settlements in Africa – and other informal settlements globally. By maintaining a participatory focus, continuing to invest in youth leadership potential, and forming key ethical research and community-led development partnerships, the future is full of possibility and promise for talented youth in informal settlements.
Job Description

Leadership and Management

  • Develop and implement operational efficiency strategies for the Finance Department.
  • Perform strategic analysis of the overall financial health of CFK Africa’s programs.
  • Provide financial data and insights to support decision-making by the ED and Senior
  • Management Team (SMT) in line with organizational strategies.
  • Provide financial forecasting aligned with CFK Africa’s 5-year strategic plan.
  • Provide oversight and ensure retention of business and operational files.
  • Controllership
  • Ensure all financial practices comply with organizational policies, local laws, and donor requirements.
  • Develop financial procedures and policies as needed.
  • Manage internal controls and safeguard the organization’s assets, including cash, inventory, and fixed assets.
  • Provide the ED and the Board of Directors with timely updates on financial performance and internal control issues.
  • Facilitate and oversee internal, external, donor, and/or government audits to ensure full compliance with regulations and donor terms and conditions.
  • Ensure timely completion of monthly balance sheet reconciliations and maintain up-to-date financial records.
  • Act as the primary liaison on financial matters, including cash flow, budget management, and compliance.
  • Build relationships with government authorities, partner agencies, donors, and NGOs.
  • Grants Management & Compliance
  • Oversee the financial management of grants, ensuring compliance with donor regulations, legal obligations, and internal policies.
  • Lead the development of grant budgets and ensure that financial reporting aligns with programmatic objectives.
  • Collaborate with program staff to ensure proper allocation and utilization of grant funds.
  • Prepare, review, and approve donor financial reports, ensuring accuracy, completeness, and timely submission.
  • Budget/Forecast
  • Lead the preparation and revision of grant proposal budgets and support costing for budget submissions.
  • Prepare and maintain the annual operating budget, ensuring cost coverage.
  • Present and regularly review budget-to-actual income and expenditures with the ED and Program Leads.
  • Treasury
  • Oversee bank relations, including negotiations on fees, interest, and exchange rates.
  • Ensure the accuracy of bank account and cash reconciliations.
  • Maintain forecasts of cash requirements for future spending and grant implementation.
  • Minimize foreign exchange exposure to currency fluctuations.
  • Oversee the collection of contractual receivables.
  • General Accounting
  • Oversee daily operations of the Finance Department, including payroll management, timely payments, accurate financial postings, and proper coding of expenses.
  • Develop and implement financial systems and ensure timely monthly, quarterly, and annual financial reports for the Board of Directors, donors, and staff.
  • Ensure proper control of assets, funds, equipment, property, and facilities.
  • Develop and enforce expenditure and procurement policies and procedures and train staff.
  • Manage cash flow and monitor foreign exchange gains/losses.
  • Team Leadership & Staff Management
  • Develop finance department roles and responsibilities matrix and ensure job descriptions are current.
  • Recruit, train, and maintain a qualified finance team, conducting performance reviews and providing career development opportunities.
  • Provide technical support and financial management training to finance and non-finance staff.
  • Government Relationships
  • Maintain strategic links with national and county government ministries, ensuring participation in key activities.
  • Represent the organization at high-level government meetings.
  • Manage NGO Board compliance and documentation requirements.

Key Qualifications

  • Master’s degree in Accounting, Business Administration, Commerce, or Finance required.
  • Certified Public Accountant (CPA) and an Institute of Certified Public Accountants – Kenya (ICPAK) member.
  • Minimum of 10 years of experience in finance, with at least 5 years of experience in leadership Senior Finance Manager roles in a donor-funded environment.
  • Experience managing donor-funded grants, ensuring compliance with donor requirements, and overseeing financial reporting is required.
  • Proven ability to manage donor reporting and compliance requirements.
  • Advanced knowledge of QuickBooks, Excel, and ERPs for financial management, procurement, risk management, and supply chain management.
  • Proven ability to lead and develop finance teams.
  • Experience in providing training to finance and non-finance staff.
  • A proven track record of identifying and resolving issues.
  • Expertise in developing and implementing finance and operations policies and systems.
  • Strong leadership and management skills with the ability to foster a culture of accountability and high performance.
  • Excellent financial management, budgeting, and reporting skills.
  • Interest and experience in using technology to drive operational efficiency.
  • Alignment with CFK Africa’s vision, mission, and values.
Education: Degree, Diploma
Employment Type: Full Time

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