Tunisia, Morocco, Burkina Faso, Senegal
Project Overview and Role:
The Challenge Fund for Youth Employment (CFYE) is a 6-year and €114 million programme funded by the Netherlands Ministry of Foreign Affairs, that aims to create a prosperous future for 200,000 young women and men in the Middle East, North Africa, Sahel & West Africa and Horn of Africa regions. The Fund will be supporting initiatives in 23 focus countries that will offer youth, in particular young women, opportunities for work that is demand-driven and productive, offering a stable income and safe working conditions, and that is contributing to their personal development and social protection.
Private sector, civil society and knowledge institutions will be invited to submit proposals geared to scalable solutions for creating more and better jobs and income generating opportunities for youth. Solutions will in particular focus on an integrated approach that addresses the shortcomings on the demand side (jobs) and supply side (skills) and bridging the mismatch between these two in the labour market.
We are looking for one or multiple experts that will be supporting one or more of our implementing partners (IPs) in a low intensity coaching trajectory during their inception phase, with the aim to formalize and improve their financial management (FM) procedures and to improve and/or develop a related FM policy.
Primary Duties and Responsibilities:
The Financial Management coach will participate in bi-weekly coaching sessions with the IP over the course of three months and will be coaching them to develop policies and procedures around the following topics:
– How are approval of invoices and payments organised, who has approval authorities for payments and up to which value and what controls / checks are in place.
– How are petty cash procedures setup, including cash counts, reconciliation to records and thresholds for petty cash payments.
– How are fixed assets monitored, is there a fixed asset register and who is responsible for keeping track.
– How are costs and revenue recognized in the financial system.
– How are salaries processed from financial system perspective, what controls / checks are in place.
– What are the financial month-end procedures the company follows.
– What Accounting Policies are in place; description on valuation of different aspects.
Depending on the need of the IP, the financial management coach can also coach the IP to develop policies and procedures around procurement around the following topics:
– What procedures to follow for procurements of different values (thresholds).
– How different quotations are requested for high-value procurements and what requirements are in place.
– Who is responsible and who decides / approves final selection.
– Management of preferred supplier list / approved contractor list.
– How conflicts of interest are managed.
Level of Effort and Reporting:
The Financial Management coach will report to the Innovation and Technical Assistance Manager as well as the Country Lead for the respective country they will be active in. However, they will need to work and coordinate closely with other members of the Challenge Fund Team, as and when demanded by assigned tasks.
The expected level of effort for this role is 3 days per Implementing Partner. Expected start date is 1 December or as soon as possible.
Competencies required from a financial management coach are as follows:
– Preferably French-and/or Arabic speaking.
– Financial acumen and the ability to interpret and analyse financial processes.
– Experience with execution and/or design of financial management processes.
– Being able to process a lot of information quickly and gaining understanding of current situation.
– Good at providing constructive feedback and suggesting improvements that are practical and feasible.
– Good cross-cultural communication and interpersonal skills and able to interact professionally with culturally and linguistically diverse clients.
How To Apply:
Interested and qualified candidates are kindly invited to submit a cover letter and resume (both in English) no later than 18 November 2022. This vacancy is also open for internal CFYE/Palladium candidates. Remuneration will be based on background and experience.
All staff are required to adhere to the Palladium Code of Conduct. Recruitment is subject to successful completion of all applicable background checks, including references and criminal records checks.
Deadline: 18 November 2022.
Palladium is a global leader in the design, development and delivery of Positive Impact – the intentional creation of enduring social and economic value.
We work with foundations, investors, governments, corporations, communities and civil society to formulate strategies and implement solutions that generate lasting social, environmental and financial benefits. For the past 50 years, we have been making Positive Impact possible. With a team of more than 2,500 employees operating in 90 plus countries and a global network of more than 35,000 technical experts, Palladium has improved – and is committed to continuing to improve – economies, societies and most importantly, people’s lives.
Palladium is a child-safe organisation, and screens applicants for suitability to work with children. We also provide equal employment to all participants and employees without regard to race, colour, religion, gender, age, disability, sexual orientation, veteran or marital status.