Head of Accounting Budget and Financial Management Division (AfCFTA)

The African Continental Free Trade Area (AFCFTA) is looking for a Head of Accounting Budget and Financial Management division.

Purpose of Job

Lead the development and implementation of accounting, budgetary and financial  management policies, strategies, procedures and process within AfCFTA.

Main Functions

• Guides the preparation and implementation of the International Public Sector Accounting Standard (IPSAS)
• Establish accounting, budget and financial management functions
• Supervises and manages the division’s employees in the implementation of activities and the evaluation of performance

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• Develops strategies and policies consistent with the department’s objective to address relevant issues in the field
• Contributes to the development of the departmental business continuity plan and ensures its implementation at the divisional level
• Ensures risk management and mitigation
• Designs and plans policy programs to achieve strategies
• Provide support for the development of the resource mobilization strategy with stakeholder coordination
• Develops new activities and expands existing activities as components of strategies and policies;
• Work with internal and external stakeholders
• Manage the investment of AfCFTA excesses funds in accordance AU Financial Rules
• Responsible for the overall supervision and management of the Division.
• Ensure creation of an inspiring work environment to enable staff development and professional progression.

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Specific Responsibilities

• Manages a complete financial operation, encompassing a wide variety of Member States and Partner Funds, with a large volume of grants in, grants out, implementing partners, and inter-office transactions, and extensive dispersed activities;
• Manage all aspects of the monthly, quarterly and year-end closure of accounts including development and implementation of detailed closure instructions;
• Provide expert guidance and advice to management in the area of financial accounting, interpretation and operational guidance on the application of the IPSAS and African Union Financial Rules (AU FR);
• Acts as AfCFTA focal point and responds to internal/external audit observations and liaises with clients and other relevant entities on audit issues;
• Lead the development and implementation of new accounting systems. Takes initiative to improve accounting processes and approaches;

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• Coordinate and supervise all accounting transactions including the periodic production of management accounts and IPSAS compliant financial statements;
• Manage the preparation, implementation and monitoring of the budget;
• Periodically reviews program budgets to analyze trends affecting budgetary needs. Prepares comparative analyses of programs by analyzing costs and recommendations for budget revisions;
• Promote best management systems and practices, develop internal controls, as well as ensure transparency and the obligation to justify expenditure.
• Ensure the proper application of the Financial Rules, Staff Regulations and Rules of the African Union and policies and procedures of management established by AfCFTA.
• Oversee timely payment of transactions;
• Maintain an efficient system of policies and procedures that impose an adequate level of control over treasury activities and provide support for regulatory reporting;
• Liaise and consult with oversight bodies such as Board of External Auditors, Office of Internal Oversight and Policy Organs to ensure implementation of their recommendations as appropriate;
• Supervises and manages the Division’s staff in terms of organization and performance evaluation;
• Coordinate risk management activities across AfCFTA;
• Perform any other relevant duties assigned by the immediate Supervisor.

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Academic Requirements and Relevant Experience

• Master’s degree in Business Administration, Finance, Accounting or related field with 12 years progressive responsible experience in managing finance functions out of which 7 at managerial level and 5 years at supervisory level.
• A professional qualification such as CPA, CA, ACCA, CIMA, Expert Comptable or equivalent is an added advantage;
• Previous experience in establishing functional Finance Function (Accounting, Budget and Disbursement/Treasury) is required;
• Working experience with International Public Sector Accounting Standards (IPSAS) and financial statement preparation (general and special purpose) in large international organization is required;
• Demonstrate high level understanding of budgetary process, management of Development Partner’s funds and relationships;
• In-depth understanding and experience in developing financial rules/policies, managing risk and implementing effective internal controls,
• Hands-on experience working with enterprise resources management (ERP) systems, particularly SAP is an asset;

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Required Skills

• A demonstrated ability to initiate and promote collaborative approaches between geographically and culturally disparate partners
• Ability to establish and maintain effective partnerships and working relations both internally and externally
• Ability to develop and delegate clear program goals, plans and actions, that are consistent with agreed strategies
• Ability to delegate the appropriate responsibility, accountability and decision-making authority with regard to performance management and professional development
• Ability to effectively lead, supervise, mentor, develop and evaluate staff
• Proficiency in one of the AU working languages, fluency in another AU language is an added advantage

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• high degree of independence, maturity and initiative
• ability to handle challenging questions and difficult stakeholders
• ability to manage time and prioritize work
• be flexible, adaptable and open to change
• Proficiency in one of the AU officials working languages (Arabic, English, French, Kiswahili, Portuguese and Spanish) and fluency in another AU language(s) is an added advantage;

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