June 22nd, 2020 at 12:48 pm
Director of Finance
JOB PURPOSE
Reporting to the SecretaryGeneral, the Director of Finance shall be responsible for all matters related to financial management, accounting planning, and budgeting affairs of the AfCFTA to facilitate the implementation of the AfCFTA Agreement. Providing technical leadership in the development and implementation of Financial Accounting Policies, Procedures, Rules, and Regulations to ensure efficient functioning of the directorate, responsible for the overall management of directorate’s human resources, budget, performance, quality, and training in conformity with relevant AU rules and regulations.
SUMMARY OF KEY DUTIES AND RESPONSIBILITIES
A. General management responsibilities
- Determine and execute the directorate’s strategy and align with the AfCFTA Secretariat’s overall strategy;
- Promote sound financial management practices by ensuring adherence and compliance with International Public Sector accounting standards (IPSAS), the AU Financial Rules and Regulations, Systems and Procedures;
- Build staff capacity and continually improve the cost-effectiveness in the delivery of the directorate’s mandate;
- Develop and oversee policy development guidelines;
- Build and maintain a strategic plan to form good working relations with other directorates/department;
- Develop and maintain regular working relations with top-level stakeholders in appropriate agencies of the Member States and partners; and
- Prepare periodic financial and budget execution reports and annual financial statements and other reports.
B. Specific responsibilities
- Establish funding structures and mobilize funds from State Parties and partners in accordance with the African Union Regulations and Rules to support the implementation of the AfCFTA;
- Prepare the Annual Budget of the Secretariat for the approval of the Council of Ministers Responsible for Trade;
- Propose draft decisions relating to financial and budgetary matters for the AfCFTA Secretariat;
- Make representations to the States Parties with respect to the functioning of the budget;
- Coordinate and take lead on the annual audit processes both internal and external;
- Oversee the annual budgeting and planning process in conjunction with the senior management team, administer and review all financial plans and budgets, monitor progress and changes and regularly update the SecretaryGeneral on the AfCFTA Secretariat’s financial status;
- Advise the SecretaryGeneral on financial strategy matters and provide the Secretariat with financial policy, programming guidelines, accounting system, budgeting guidelines, and assets safeguard systems;
- Ensure effective implementation and compliance with Financial Rules and Regulations;
- Ensure annual “bulk” approvals e.g. procurement plan, meetings and conference calendars for Secretariat’s Directorates are up to date and in line with approved budget;
- Develop processes for identifying intradepartmental overlaps and provide advice to the SecretaryGeneral on the handling of interdepartmental overlaps;
- Initiate and take necessary actions to collect funds of and for the AfCFTA Secretariat;
- Invest excess liquidity as authorized and guided by the Financial Rules and Regulations;
- Ensure safe custody of all liquid Assets of the AfCFTA Secretariat;
- Ensure prompt recovery of all receivables owed to the AfCFTA Secretariat;
- Produce periodic financial and budget execution reports and annual financial statements and other specific mission reports, in accordance with Financial Rules and Regulations;
- Responsible and accountable for managing the human resources component of the Directorate of Finance of the AfCFTA Secretariat;
- Propose training programmes relating to integrated budget programme design, collaborative implementation, monitoring, and reporting;
- Promote awareness of best practices in financial management and internal financial control systems;
- Provide technical guidance and ensure efficient functioning of supervised Divisions;
- Build and maintain good working relations with other Directorates and Organs of the African Union including the AU Commission;
- Effectively Organize coordination meetings on programming and budgeting
- Perform any other related functions as may be determined from time to time by the Secretary-General.
REQUIRED QUALIFICATIONS AND EXPERIENCE
Applicants must have:
Education Qualification
– A minimum of a master’s university degree in the fields of Accounting; Finance or related discipline and membership of an internationally recognized professional accounting body (CA, CPA, ACCA, CIMA, ExperComptables and so on)
-Professional Work Experience
– A minimum of 12 years of extensive and relevant work experience in positions dealing with financial planning, budgeting, accounting, and management in an international organization; This experience should include at least 7-years of work at a managerial level position.
D. REQUIRED SKILLS, KNOWLEDGE AND COMPETENCIES
Functional
– Strong leadership, managerial, analytical, people and team skills;
– Strong financial management, planning, budgeting, accounting and organizing skills;
– A strong commitment to the values of impartiality, honesty, integrity and objectivity;
– International experience, with a personal reputation of the highest order among global and/or African finance professionals;
– Experience in working in a multicultural environment;
– Conceptual Thinking: – Creates new concepts that are not obvious to others and are not learned from previous education or experience, to think through issues and/or resolve problems.
– Job Knowledge Sharing: – Fosters and enables knowledge and information-rich culture through engaging with thought leaders within and outside the organization.
– Drive for Result: – Commits significant resources and/or time (in the face of uncertainty) to improve performance, reach a challenging goal, and implements innovative solutions.
REMUNERATION AND BENEFITS:
Indicative basic salary of US$78,138 (D1 Step1) per annum plus other related entitlements e.g. Post adjustment (57% of basic salary), Housing allowance US$ 27,290.88.00 (per annum), education allowance (100% of tuition and other education-related expenses for every eligible dependent up to a maximum of US$ 10, 000.00 per child per annum), etc. for an internationally recruited staff of the Commission
HOW TO APPLY
All applications which include passport copy, professional and academic certificates, CV, and cover letter stating their suitability and motivation for the position must be submitted through the AU Commission’s website www.aucareers.org on or before 14 July 2020. Please REGISTER before proceeding to apply
• Attach detailed and updated curriculum vitae/resume including three (3) referees with good knowledge. Of the candidate’s work, please, provide referees’ contact details – telephone and e-mail addresses.
• Copy of valid passport.
• Certified copies of educational qualifications – degrees, diplomas, and certificates, where applicable (Not
4. More than 5 Documents in PDF Format, and not exceeding 1 MB).
• Please be aware that only complete applications will be considered.
• Please note that only shortlisted candidates will be contacted