Finance Officer

2 weeks ago

Cape Town, Western Cape, South Africa ELMA Philanthropies Full time
ELMA Philanthropies is seeking a Finance Officer to join its Cape Town team. Reporting to the Director, Finance, they will support the management of the finance and accounting function of the organization. The Finance Officer will work closely with finance, legal, operations, human resources, and program teams.

The ability to be an active, collaborative, and flexible member of a dynamic global team is essential to success in this role.


About ELMA Philanthropies:

The ELMA Foundation's mission is to improve the lives of African children and youth through support of sustainable efforts to relieve poverty, advance education, and promote health. It is primarily active in eastern and southern Africa.

The ELMA Relief Foundation invests in relief efforts throughout the globe with special attention to Africa and the needs of children, who often suffer disproportionately in the aftermath of such tragedies.

The ELMA South Africa Foundation funds organizations and programs that support development and progress in South Africa.

The ELMA Music Foundation invests in organizations in USA and South Africa that support youth development through music, or provide assistance to members of the music community undergoing personal and financial hardship.

The ELMA Vaccines and Immunization Foundation's mission is to expand vaccine and immunization coverage for children globally, with a special emphasis on Africa.

The ELMA Growth Foundation invests in the growth or expansion of initiatives that improve the lives of low-income communities in Africa.

The ELMA Caribbean Foundation supports efforts to advance health or combat the environmental and economic threats posed by climate change in the Caribbean.

Responsibilities:

  • Reporting to the Director, Finance, the Finance Officer will be expected to:
  • Support the quarterly closing of the companies' financial records including preparation of management accounts with budget to actual variances for presentation to the Board of Directors.
  • Diligently administer monthly accounting tasks including accounting entries on QuickBooks, payroll on Pastel, expenditure, and cash flow management.
  • Support the management of external audits performed by independent outside accountants.
  • Maintain knowledge of financial and accounting best practices, the evolving tax and regulatory environment and related developments affecting the notforprofit and philanthropy sectors.
  • Support the operations team as needed in managing and implementing IT policies and procedures, infrastructure maintenance scheduling and management, and assisting with operations projects.
  • Provide thorough and analytical financial support to the program team during grant development including conducting thorough due diligence including analysis of proposal budgets, workplans, financial statements, control environments, organizational strengths and weaknesses and identifying relevant risk factors.
  • Provide thorough and analytical financial support to the program team during grant management including analysis and review of periodic financial reports from grantees and relevant interpretation of performance.
  • Develop high quality review reports and memoranda containing clear, thorough, and complete financial information and analysis with respect to all financial information and ensuring professional presentation.
  • Assist in managing relevant aspects of grants administration, managing the development of recommendations and requests in a manner that facilitates the timely review and payment of grants by the ELMA Group of Foundations.
  • Provide financial monitoring support of grantee performance under the terms of grants made and assist in ELMA's ongoing assessment of the organization's financial control, governance, and economic environment in different geographies.
  • Provide support to grantees where appropriate, while allowing them the latitude to manage their programs efficiently.
  • Maintain and develop a relationship of respect and partnership with grantees.
  • Assist with other tasks related to operations, finance, and administration, as requested by Director, Finance
  • The above statements are intended to describe the general nature and level of work being performed by the incumbent(s) of this job. They are not intended to form an exhaustive list of all responsibilities and activities required for the position. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time._

Alignment to Values:

All ELMA employees are expected to demonstrate fit with ELMA's organizational values and culture.

Specifically, all employees are expected to demonstrate a commitment to:

  • ELMA's core values of humility and integrity; respect for human dignity; pursuit of excellence; commitment to partnership; and a resultsorientation informed by continuous learning; and
  • Gender equity, social justice, and com

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