Finance Coordinator job at Educate

JOB DETAILS:
Position Overview
Educate!, an award-winning non-profit social enterprise, is seeking a Finance Coordinator to work in our finance department in Uganda. You will be part of the finance team at Educate!. You will be responsible for cash flow planning to ensure sufficient funds in-country at all times. You will also be responsible for all disbursements on all the various payment platforms in use from time to time managing relationships with key stakeholders. Finally, ensuring timely filing and payment of taxes and other statutory obligations as well as leading collaborative efforts between Finance and the rest of the organization.
You will work closely with the Finance Manager to ensure timely preparation of monthly financials and BVAs. You will also collaborate closely with product teams and field staff to optimize finance systems and processes. You will report to the Finance Manager.

About Educate!
Africa has the world’s youngest and fastest-growing population. By 2035, the continent is poised to contribute more people to the global workforce each year than the rest of the world combined.
At Educate! we’re obsessed with impact. We leverage iterative learning to build highly scalable youth employment solutions aimed at unlocking the potential of the world’s youngest continent

Educate! prepares youth in Africa learn, earn and thrive in today’s economy by:

1) introducing an employment-focused school subject into secondary, and
2) delivering livelihood bootcamps for out-of-school youth, with a focus on marginalized rural girls and young women.

To date, more than 250,000 youth have been meaningfully impacted across Uganda, Rwanda, and Kenya, and along the way, Educate! has become the largest youth employment and skills provider in East Africa.

Educate! is a team of over 250 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, Generation Unlimited, CIFF 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.

Performance Objectives
Disbursements – 50%
• Timely processing of all payments.
• Advising staff on proper procedures for the various types of payments.
• Liaising with banks, aggregators and digital payment platforms to ensure smooth payment processing.

• Liaising with procurement and product teams to ensure set payment days are adhered to.
• Following up with approvers and bank signatories.

Compliance with Statutory Requirements – 20%
• Filing of taxes & NSSF by the 27th of every month.
• Timely filing of LST.
• URA Ledger review to ensure nill ledger balances at all times

Cash Flow Planning & Forecasting – 20%
• Sourcing and preparation of cash projections from all departments.
• Preparation of cash requests from the US office.
• Exchange rate negotiations with bank treasury teams.

Trainings – 10%
• Training staff on finance procedures and processes.
• Orientation of new staff.
• Do feedback sessions on finance for both field and office staff.

Qualifications
• Dynamic experience highly preferred, with demonstrated ability to operate well in complex and fast-changing environments
• 4+ years of work experience, with 2+ years of experience in finance and accounting, financial analysis.
• Financial integrity and budget management experience.
• Solid experience in finance and accounting, financial analysis.
• Passion for Educate!’s mission is a must, but past work in education or youth development is not required. We value diverse perspectives and encourage applications from people with a variety of backgrounds.
• Fits our Five Cultural Tenets (see What is Educate! About? below); Learn more by looking at Educate!’s culture deck here
Terms
• Compensation will be competitive and commensurate with experience
• Benefits include medical insurance
• This position will be based in Uganda

Work Hours: 8

Experience in Months: 48

Level of Education: Bachelor Degree

Job application procedure

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