ABOUT MASTERCARD FOUNDATION
Mastercard Foundation seeks a world where everyone has the opportunity to learn and prosper. Through its Young Africa Works strategy and Canadian EleV program, the Foundation works with partners to ensure that millions of young people, especially young women, access quality education, financial services, and dignified work. Mastercard Foundation was established in 2006 through the generosity of Mastercard when it became a public company. The Foundation is independent with its own Board of Directors and CEO.
THE WORK AT THE FOUNDATION
We are currently in an exciting period at the Mastercard Foundation as we intensify the implementation of the Young Africa Works strategy, aiming to empower 30 million young people throughout Africa to access dignified and fulfilling employment.
To ensure the Foundation’s accessibility to our partners and program participants, we have established offices in Rwanda, Kenya, Ghana, Senegal, Ethiopia, Nigeria, and Uganda. These offices provide strong in-country support for the implementation of Young Africa Works. We collaborate with governments, the private sector, educators, and other funders to enhance the quality of education and vocational training, equip young individuals with the necessary skills for the workforce, expand access to financial services for entrepreneurs and small businesses, and facilitate connections between job seekers and meaningful employment opportunities.
Our values serve as our guiding principles, transcending and surpassing all other considerations. We wholeheartedly encourage you to bring your bold ideas, curiosity, and expertise to your work.
If you are an experienced Finance professional looking to increase your impact, read on!
THE OPPORTUNITY
Reporting to the Director of Finance Planning & Analysis, the Consultant will support the Programs Impact teams and partners to oversee all financial aspects of program partnerships, including due diligence, budgeting, controls, contracting, financial reporting, and analysis. S/he will also act as the enterprise’s primary Finance contact for Program Impact teams.
The successful candidate can be based in one of our offices in Africa (Kenya, Uganda, Ethiopia, Nigeria, Senegal, Rwanda, Ethiopia, and Ghana).
WAYS YOU CAN CONTRIBUTE
- Manage the full cycle of Finance program partner contracts, i.e., Expression of Interest (EOI), proposal, contract approval, conduct due diligence, budget reviews, program execution and monitoring, and program completion.
- Guide and train external program partners on all financial aspects of contract execution, including budgeting and reporting, due diligence, and financial controls.
- Provide financial expertise and advice internally to the Foundation’s Programs team on developing and implementing comprehensive programming strategies.
- Provide ad-hoc data and support for learning and evaluation activities, including program outputs and value-for-money analysis.
- Maintain accurate and timely financial documentation and data, and report on contract commitments, disbursements, and cash flow projections.
- Provide input into the Foundation’s financial planning & budgeting routines within the required timelines and guidance provided by the Financial Planning & Analysis team.
- Ensure the management grants systems are updated in a timely & Accurate manner with the correct financial information for each program.
- Ongoing monitoring of program financial performance post-kick-off (Deliver phase) to ensure foundation resources are deployed as envisaged and sufficient funding & financial controls are in place to support the delivery of expected program outcomes.
- Provide Financial Information & insights as pertains to program finance to support decision-making.
- Ensure there are adequate business controls with the programs to ensure the safeguarding of the foundation’s assets.
- Accountable for compliance with local and international financial regulations and requirements by liaising with and consulting with other Finance & Accounting colleagues as required.
- Coordinate and lead periodic reporting processes for Partners in line with contractual obligations and ensure follow-up action items are closed as required.
- Troubleshooting and management of financial issues that arise during program implementation.
- Lead comprehensive program assessment processes identifying Partner capacity and capability; propose intervention plans to manage risk and ensure quality control of the Program partnership.
- Drive annual due diligence review process and maintain yearly financial and finance review records.
- Perform due diligence procedures on partners (i.e., evaluating financial statements, financial capacity, watchlist screening). eE8lxam BIpnb
- As required from time to time, manage analysts and interns who support them in delivering the program finance tasks; assign work and review outputs of the resources.
- Identify opportunities to improve and standardize processes within Finance.
- Any other tasks/projects that may be required occasionally.
WHO YOU ARE
- Bachelor’s degree or full accounting qualification is required.
- Minimum ten (10+) years of progressive experience in financial roles within large and/or global organizations, especially in the development sector.
- Strong Analytical skills with a high level of attention to detail.
- Project Management competence and working knowledge of Financial Internal Controls Management.
- Financial Reporting & Analysis experience, including Budgeting and Financial Forecasting.
- Problem-solving skills and good influencing skills.
- Fluent in English.
- Able to Identify & Mitigate Operational, Financial, and Business Risks.
- Able to generate Routine Accounting Records and Financial Reports, plus determine and apply correct accounting treatments.
- Results-driven and self-disciplined, with a strong sense of team and common purpose to achieve ambitious goals.
- Able to formulate and develop a new or creative approach to a problem.
- Proficient in MS Office applications, particularly Excel.
- Flexible, adaptable, and able to execute various job duties and changing priorities.
- Possess excellent verbal, written, and presentation skills with the ability to articulate information to a variety of constituents across cultures.
- Possess professional maturity, sensitivity to different cultures, and impeccable integrity that exemplify the Foundation’s values.
- Demonstrate a commitment to Mastercard Foundation’s values and vision.
Deadline for Applications is March 12, 2024.
Mastercard Foundation (the “Foundation”) values and respects your privacy. By submitting an application for this opportunity, you hereby agree to the Foundation’s collection, use and disclosure of your personal information in accordance with its Privacy Policy (available at https://mastercardfdn.org/privacy/ ). Please note that the Foundation may share your personal information with third-party agencies that support the Foundation’s recruitment activities, and such third-party agencies may contact you directly regarding this opportunity. If you have any questions or concerns, please contact the Foundation’s Privacy Officer at the address indicated in its Privacy Policy.
The Mastercard Foundation values the unique skills and experiences each individual brings to the organization and we are committed to creating and maintaining an inclusive and accessible environment for everyone.
Completion of satisfactory business references and background checks are essential conditions of employment.
For more information and to sign up for the Foundation’s newsletter, please visit http://www.mastercardfdn.org/ Follow the Foundation on Twitter at @MastercardFdn
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