(Project Finance and Accounts Receivables Management)
Busara is seeking a Senior Finance Manager (Project
Finance and Accounts Receivables Management) to manage our financial resources,
provide strategic financial leadership, and drive our organization toward its
objectives. As an advisory firm, Busara operates in a consulting firm set up,
managing multiple portfolios consisting of various advisory projects and
engagements.
This dynamic environment requires the Senior Finance
Manager to adeptly navigate multiple financial streams, ensuring each
portfolio’s financial health, and alignment with overall organizational goals.
In this role, you’ll lead project financial planning and management, monitor
performance, forecast future financials, and offer strategic advice to project
managers and the leadership team. You’ll also manage the finance team, ensuring
compliance with regulatory requirements and internal policies, while collaborating
with diverse individuals to achieve common goals.
If you have a solid background in project finance and
accounts receivables management and enjoy collaborating with people to achieve
successful project outcomes, you could be a great addition to our team. We’re
excited about the possibility of you joining us!
Core Responsibilities:
Project Finance Management
Collaborate with senior leadership and Engagement
Directors (EDs) to develop financial projections and forecasts for their teams,
portfolios, and all ongoing projects.
Oversee the financial management of grants, ensuring
compliance with grant requirements and financial alignment with approved
budgets.
Lead the finance team in updating project milestones
and financial indicators in the central hub, ensuring real-time visibility and
informed decision-making for stakeholders.
Collaborate with the Research and Advisory team to
prepare and conduct review budgets during the proposal stage to ensure
accuracy, cost-effectiveness, and alignment with project requirements.
Support project leads and the Engagement Directors in
addressing client queries, due diligence, post-proposal review, and providing
clear and concise financial information.
Review project contracts to ensure compliance with
financial policies, regulations, and project specifications.
Design and develop budget templates tailored for the
Research and Advisory team, accommodating various project requirements.
Maintain and update standard budgeting rates,
including staff rates and travel estimates, ensuring they are current and
accurate.
Take full ownership of the end-to-end project
lifecycle, from initiation to completion. Address and rectify project financial
deviations, ensuring they adhere to allocated budgets.
Accounts Receivables Management
Oversees end-to-end accounts receivable process,
ensuring that policies and procedures are consistently applied and adhered to.
Develop and implement strategies to enhance the
client contract review process, ensuring all financial and commercial terms are
understood and correctly reflected in the accounting system.
Oversee the billing framework, manage account
statements, ensure punctual invoice settlements, and follow up on project
milestones to ensure timely billing.
Lead AR collection initiatives, strategizing on best
approaches to manage outstanding receivables while upholding strong client
relationships.
Analyze and present monthly AR reports, offering
strategic insights into cash flow management and potential financial risks.
Continuously review and refine financial policies and
procedures.
Ensure accurate and optimal overhead recoveries from
projects that align with contractual agreements.
Ensure compliance with statutory requirements across
all operating countries, adhering to local regulations and laws.
Financial Analysis & Reporting
Provide the senior leadership team with regular
updates on financial health, including risks and opportunities.
Ensure precise and timely submission of financial
reports to clients and partners.
Manage the preparation of detailed monthly and
quarterly revenue reports, offering strategic insights and recommendations to
executive leadership.
Support financial audit preparations, working closely
with external auditors and internal stakeholders to ensure a seamless and
compliant audit process, as needed.
Automate accounts receivable reports and processes to
enhance efficiency and accuracy.
Continuously design and develop relevant financial
reports to meet evolving business needs.
People and Relationship Management
Manage the accounts receivable team and other team
members as may be required.
Set clear performance expectations and goals for
performance management and support employees’ growth and development through
guidance, coaching, mentorship, instruction, and advice.
Promote productivity by prioritizing and organizing
objectives, resources, and work assignments to support employee success. This
includes delegating tasks and responsibilities effectively while supporting and
guiding team members as needed.
Proactively collaborate with leaders within the
organization and coach team members to do the same.
Facilitate collaboration and build trust among team
members and across the organization.
Lead by example and promote the adoption of
organizational values and culture.
Effectively allocate and utilize available resources,
including financial, human, and material resources, to achieve the team’s goals
and objectives.
Knowledge, Skills, and Experience
Minimum of 7 years of experience in financial
management, preferably in a research, consultancy or non-profit setting.
An advanced degree in business, economics, finance,
or a related field (MBA and/or CPA qualification)
Deep knowledge of standard accounting principles
(GAAP, IFRS, etc.)
Proven ability to effectively build team capability
to closely collaborate with other departments, ensuring seamless integration of
financial practices and project management.
Excellent communicator with experience in maintaining
clear and proactive communication with stakeholders, ensuring transparency and
understanding of financial matters.
Skilled in leading and mentoring finance teams,
fostering a culture of continuous improvement and professional growth.
Adept at enhancing team productivity by prioritizing
objectives, delegating tasks, and providing support and guidance.
Expertise in driving process enhancement initiatives
to improve financial operations and efficiency.
Proven experience in project finance management.
Extensive experience in accounts receivable
management.
Strong background in budgeting and budgetary control.
Demonstrated expertise in grants management.
How To Apply
