About the Job:

We are recruiting a Finance officer who will be responsible for sound financial management, grant management, and compliance in LFD. S/he will work closely with program team members and will ensure the proper implementation of LFD financial Management policies, practices, and procedures.

Posted vacancy: Finance officer

Employer: LFD

Position Type: Full-time contract

Location: Sana’a

Reports to: CEO

Starting Date: ASAP

Post date: 30/11/2022

Closing date: 08/12/2022

About LFD:

Light Foundation for Development (LFD) is a Yemeni non-profit, non-governmental organization that responds to humanitarian crises, which threaten the lives of vulnerable men, women and children to help them survive and rebuild their lives.

Duties and responsibilities: 

• Lead all financial management and reporting across LFD, including advising and supporting the CEO in maintaining efficient financial control and budget management and tracking.
• Lead the Quarterly Budget Review and reforecasting process for the projects.
• Assess monthly cash-flow needs for projects and bases and communicate cash requests to the CEO;
• Develop and adjust project budgets in liaison with Project Managers as required
• Analyse gaps between planned budgets and actual expenses;
• Proactively engage in budget development, implementation and revision as may be required
• Oversee and lead all audit procedures
• Preparation of project monthly financial reports and submission to the CEO.
• Preparation of donor reports and verification for accuracy of documentation in line with contractual obligations.
• Communicate accounts on a monthly basis to the CEO, respecting deadlines
• Ensure reports are submitted to the donor on a timely basis.
• In collaboration with Compliance Advisor - flag potential areas of financial compliance vulnerability and risk; develop/implement corrective action plans for resolution of problematic issues, and provide general guidance on how to avoid or deal with similar situations in the future
• Maintain oversight on due diligence in all aspects of the disbursements, receipts, and management of the Projects’ financial resources including responsibility for internal control procedures and cash flow management
• Effectively lead a small but rapidly expanding finance team
• Oversee the team and undertake appraisals and performance management of directly supervised colleagues;
• Ensure training and capacity building for finance team members in order to increase the level of technical ability and skills within the department;
• Improve information flows within the finance department and with other departments and projects.

These duties provide a framework for the role and should not be regarded as a definitive list. Other reasonable duties may be required consistent with the grade of the post.

Required Skills, Knowledge, and Abilities:

• Must be able to communicate effectively, both written and spoken, in English & Arabic
• Wide experience in the use of computer applications; clear understanding on the usage of financial software systems.
• Extensive experience managing donor funds and ensuring compliance with donor requirements.
• Able to work in unpredictable and at times insecure environments, following organizational and wider sector security procedures
• Demonstrated experience of capacity building of staff
• Understanding of risks and related relevant controls primarily in the overall grant cycle including program, financial, and procurement cycles

Education and Experience:

• University degree in finance, accountancy, or related field;
• At least 5 years’ experience in financial management with an NGO involving work in finance, accounting, budget, audit and related functions with solid grasp of accrual accounting as well as supervisory experience

These duties provide a framework for the role and should not be regarded as a definitive list. Other reasonable duties may be required consistent with the grade of the post.

Light Foundation Values:

• Respect
• Integrity and transparency
• Communicating openly, clearly, timely and appropriately.
• Excellence in all activities

Core Humanitarian Standards:

The role holder is required to carry out his/her duties in adherence to basic human standards, values, and principles outlined in the organization’s policies such as codes of conduct, prevention of sexual exploitation and abuse, child protection, financial integrity, and adherence to policies. and other internal guidelines.