Finance Manager 119 views

Finance Manager

Company Overview:

Palladium is a global leader in the design, development and delivery of Positive Impact – the intentional creation of enduring social and economic value. We work with foundations, investors, governments, corporations, communities and civil society to formulate strategies and implement solutions that generate lasting social, environmental and financial benefits.

For the past 50 years, we have been making Positive Impact possible. With a team of more than 2,500 employees operating in 90 plus countries and a global network of more than 35,000 technical experts, Palladium has improved – and is committed to continuing to improve – economies, societies and most importantly, people’s lives.

Palladium is a child-safe organisation, and screens applicants for suitability to work with children. We also provide equal employment to all participants and employees without regard to race, color, religion, gender, age, disability, sexual orientation, veteran or marital status.

Project Overview and Role:

CATALYZE is a $250 million 5 to 8-year program, designed to catalyze $2 billion in private capital, especially to underfinanced social sectors (such as education) and higher risk countries (especially low-income and post-conflict countries) around the globe, complemented by a cross-cutting inclusion of gender-lens investing. CATALYZE will provide services to USAID missions and bureaus that “buy in” to tap the CATALYZE investment and pay-for-results project management expertise. Our aim is for investors to explore and find commercially viable opportunities and approaches to creating jobs, developing sustainable social services, tightening and rationalizing supply chains, and advancing inclusive growth.

CATALYZE: Market Systems for Growth (MS4G) will drive private enterprise expansion to catalyze Ethiopia’s future economic growth and prosperity. MS4G intends to foster enterprise-driven growth, especially among private enterprises that have high growth potential and the capacity to catalyze job creation throughout market systems. MS4G will address systemic challenges, including building business development services capacity, creating a more conducive business environment, building the financial sector infrastructure and capability within private finance providers, and expanding the digital economy. MS4G will catalyze private sector growth by improving access to finance and facilitating transactions through targeted interventions across market systems (demand, supply, and enabling environment).  Expanded access to finance will also drive change across the market system by increasing business revenue and necessitating job creation. The program has an estimated life of project funding of $55-$70 million, and is expected to operate for five years.

While focus sectors will be finalized in collaboration with USAID during the inception phase, it is anticipated that they could include agribusiness, light manufacturing, and telecommunications & ICT (including fintech). Across all initiatives, there will be a cross-cutting focus on women and youth, as well as a focus on ensuring that disparate ethnic groups and regions equitably benefit from the interventions.

Primary Duties and Responsibilities:

The Finance Manager, CATALYZE: MS4G will report to the Deputy Chief of Party, Operations & Compliance. S/he will be responsible for the overall management of MS4G finances.

• Oversee implementation and ongoing adherence to Palladium’s finance and accounting procedures;
• Supervisor four accountants, including three in regional offices;
• Track expenditures across various USAID funding streams;
• Draft weekly field transfer requests and budget reports;
• Oversee management of the MS4G’s Ethiopian bank accounts according to company policies and procedures;
• Track vendor/subcontractor invoice submission, review for compliance with USAID cost principles, and ensure prompt payment;
• Conduct spot checks, coordinate internal project audits, and support external project audits as required;
• Oversee payroll for country office staff in compliance with Ethiopian labor law; and
• Provide timely and accurate financial reports to management and home office.

Required Qualifications:

• Knowledge of USAID rules and regulations, especially cost principles;
• Proactive problem-solving, decision-making and good judgment skills;
• Demonstrated ability to manage and protect confidential information;
• Ability to communicate effectively with managers, colleagues, vendors, and clients;
• Experience conducting risk assessments of low capacity partners, identifying weaknesses, and monitoring partner;
• Proven ability to be a mentor to counterparts and supervisees;
• Excellent English language communication skills; and
• Relevant computer software skills and familiarity with accounting software (including, at a minimum, the standard applications in MS Office).

Desired Qualifications:

• A bachelor’s degree in financial management, accounting, business administration, or a relevant field;
• At least 8 years of experience in financial management on large, donor-funded projects, including 4 years in a finance role on a USAID-funded project with progressive responsibility;