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Finance Officer

The Lagos State Employment Trust Fund (LSETF) Nigeria (On-site) Jan. 10, 2025 full-time
Full Job Description
Job purposeTo provide financial oversight and support for the Employability Support Project, ensuring that all financial transactions, budgets, and reports align with the project’s objectives, donor guidelines, and organizational standards.The role will ensure accurate financial reporting, expense monitoring, and cost controls while supporting audit and compliance processes.Duties and Responsibilities:Budgeting and Financial PlanningAssist in developing and managing the project’s budget, ensuring alignment with program milestones and timelines.Support the preparation of annual and quarterly financial forecasts for the project.Monitor project expenditures against approved budgets and provide variance analysis with actionable insights.Financial ReportingPrepare and submit monthly, quarterly, and annual financial reports for the project, including:Budget performance reports.Variance analysis and financial dashboards.Project-specific financial summaries for stakeholders and donors.Reconcile project accounts, ensuring all transactions are accurate, auditable, and comply with relevant standards.Ensure the proper documentation and filing of all financial records for transparency and audit readiness.Expense Monitoring and Cash ControlMaintain financial security and control mechanisms, ensuring accurate tracking of project-related expenses.Oversee partner financial reporting and validate expenses (e.g., training partners, job fair vendors, screening partners).Ensure timely processing of payments to project partners, vendors, and service providers.Monitor cash flow, ensuring adequate funds are available for project activities.Compliance and AuditEnsure strict adherence to organizational, donor, and statutory financial policies throughout the project lifecycle, with particular attention to the LagosState Procurement Law and to GIZ Processes and Rules.Support internal and external audits by preparing necessary reports, reconciliations, and supporting documentation.Ensure tax compliance, including withholding taxes for payments to partners and vendors.Support to Project ImplementationWork closely with the Project Team to track financial KPIs and ensure financialresources are allocated to deliver milestones such as:Certification of 1,350 trainees.Placement of 1,050 trainees.Organization of one job fair and industry engagement events.Collaborate with procurement officers to ensure alignment between procurement activities and financial processes.Collaborate closely with GIZ Finance and Procurement teams to ensure adequate and timely processing and documentation between the vendors, training partners or any external contractors, LSETF and GIZ.Qualifications & Experience:First Degree or Higher National Diploma certificate (minimum of lower credit) in Finance, Accounting or a related discipline from a recognized higher institution.Professional Certification or progress towards certification will be an added advantageMinimum of 4 years’ cognate experience in related functionExperience in Non-Profit/Social Impact/Development Finance/ProgrammeManagement is requiredNYSC discharge certificate is mandatoryKey Competences:Knowledge, Skills and Abilities required for the role:Financial Management SkillsBudget Preparation and Monitoring ExpertiseKnowledge of Accounting Principles and Reporting StandardsProficiency in Financial Software and Microsoft ExcelAttention to Detail and Audit PreparednessOrganizational and Planning SkillsExcellent Communication and Reporting AbilitiesAnalytical and Problem-Solving Skills
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