Summary
Date Posted: Friday, August 18 2023, Base Salary: Not Disclosed

JOB DETAILS:
Educate!, a fast-growing and award-winning social enterprise, is seeking a Finance Manager to take the lead in the finance operations in Uganda. We’re looking for someone who has the non-profit experience, delivers results while leading multiple projects, is willing to improve on processes and is able to lead change management processes.

The Finance Manager will directly supervise the Finance Coordinator and Finance Officer and report to Educate! Country Director. You will be the finance lead in the organisation ensuring the implementation of accounting and financial management functions, design and co-ordinate the implementation of sound accounting and financial management and control systems and procedures for all operational and administrative areas and facilitate the maintenance of accurate and up to date financial and accounting records for the effective and smooth running of all business operations under fast-changing and complex circumstances.

About Educate!
By 2035, Africa will contribute more people to the workforce each year than the rest of the world combined. Educate! leverages an obsession with evidence and iterative learning to tackle one of our planet's greatest challenges — unlocking the potential of its youngest continent.
Educate! prepares youth in Africa with the skills to succeed in today’s economy. We've created a 100-hour experience that delivers the most essential skills youth need to transition to work, combining training, mentorship, and practical experience starting a business. We deliver this experience to youth in 3 ways: directly to schools, integrated into education systems, and through bootcamps for out-of-school youth.

All three delivery channels have been validated by several independent evaluations, and to date, more than 200,000 youth have been meaningfully impacted by this model across Uganda, Rwanda, and Kenya. Along the way, Educate! has become the largest youth skills provider in East Africa.
Educate! is a team of over 210 largely African staff and 300 volunteer youth mentors. We prioritize building an engaging, fulfilling and growth oriented work environment. 50% of our top 30 leaders have been with us for over 5 years, 10+ alumni have started their own organizations and 6 current or former team members were Acumen Fund East Africa fellows.

We have been backed by top foundations such as Imaginable Futures, Big Bang Philanthropy, #startsmall, and Echidna Giving. Educate! won a 2018 Klaus J. Jacobs Prize and a 2015 WISE Award, and has been highlighted by the World Bank’s S4YE's Impact Portfolio, an Al Jazeera documentary, BBC, The Brookings Institution as one of 14 case studies on scaling education, and the Gates Foundation as a Goalkeepers Accelerator. In 2022, we received a catalytic investment from philanthropist Mackenzie Scott to scale our systems change work.

Educate!'s long-term vision is to design solutions that measurably impact millions of youth across Africa each year. By 2025, we aim to scale our annual reach by 4x and measurably impact over 400,000 new youth with the essential skills they need to succeed in life.

Performance Objectives
Financial Management & Oversight (30%)
• Provide leadership, and financial insights to the finance and accounting areas of the organization, proposing and implementing improvements in operational management processes to increase efficiency.
• Maintain control of the following areas: general ledger, accounts payable, expense reports, and payroll.
• Ensure full compliance with Uganda Revenue Authority, NGO Board and returns requirements and be the key contact with bank support personnel and Tax Advisors
• Ensure accurate and timely financial reporting for decision making and overall responsibility for maintenance of internal control systems
• Collaborate with other contracted finance support teams, and lead finance functions, especially with the budget owners/manager/ Operations team.
• Periodic meetings with the Regional Finance team (Managing Director and CFO) for all Educate! accounting needs and deliverables. Prepare a variety of ad hoc financial scenarios as requested.

Financial Reporting(30%)
• Ensure the monthly budget balances report is up to date and shared with budget holders. Minimize the number of errors from the team reports through constant feedback.
• Confirm expense codes on all requests as they are received, correct where necessary through the budget manager.
• Prepare, analyze, and submit accurate monthly financial and management reports, including; income statement, balance sheet, budget and variance, projections and forecast, and cash flow. Reporting as needed to the regional finance team on Educate! financials
• Coordinate the preparation of the audited financial statements and all tax returns

Financial Control & Accounting(20%)
• Observe and implement all Educate! accounting systems, payments, bookkeeping, statutory filing, revenue management, and improvement of payment systems
• Ensure that all financial transactions are processed accurately, in a timely manner, in accordance with generally accepted accounting principles through the Quickbooks system, identifying and correcting any variances.
• Develop, implement, and maintain processes and controls that are current best practices related to transaction processing.
• Manage, oversee, and process all of the following transactions: payroll, accounts payable, revenue and expense, fixed assets, cash, bank reconciliations, and allocations.
• Perform month-end closing procedures, including account reconciliations, and updating schedules.

Budget Management (20%)
• Support budget managers to prepare periodic budgets and provide clarity where needed.
• Ensure budgets are entered into the accounting system.
• Share monthly and quarterly BVA reports with budget holders for ease of planning.
• Monitor the budget memos and update the approved budgets and Quickbooks with the Budget Memos where needed
• Offer periodic training or refresher training to the teams aimed at improving financial management, discipline and accountability as stipulated in our policies and procedures.

Qualifications
• BSc. in Finance, Accounting or Business Administration or Commerce with CPA or ACCA Level II with proficiency in Ms Excel and Quickbooks.
• Finance & Accounting experience working in a non-profit environment.
• 7 years of experience in finance and accounting auditing, and financial analysis (including gathering, evaluating, presenting, and reporting financial information to management and external stakeholders). You should also have at least 3 years of managerial experience leading finance teams and cross-function collaborations.
• Proven experience handling $1+ Million annual budgets.
• Solid experience in coordinating audit activities and managing reporting, budget development and analysis, accounts payable and receivable, general ledger, payroll, and accounting.
• Entrepreneurial drive, proven ability to take ownership, lead the team’s combined learning and a collaborative, data-oriented approach to problem-solving.
• Fits our Five Cultural Tenets. Learn more by looking at Educate!’s culture deck here

Terms
• Salary is commensurate with experience
• Attractive Benefits & Perks including Medical Insurance.
• Location is Kampala, Uganda.


Work Hours: 8

Experience in Months: 84

Level of Education: Bachelor Degree

Job application procedure
Interested applicants?Click here to apply

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