Finance Officer at Development Exchange Centre (DEC)

About the Role

A reputable organization seeks a dedicated Finance Officer to ensure transparent, accountable, and compliant financial management of the RISE Project in line with MEDA, NRC, and donor requirements. The Finance Officer will provide financial oversight, maintain internal controls, and support accurate reporting for decision-making and donor compliance.

Key Responsibilities

Financial Compliance & Internal Controls

• Ensure adherence to MEDA financial policies, tools, handbooks, and donor guidelines
• Maintain effective internal control systems to ensure completeness, accuracy, and authorization of all financial transactions
• Track staff advances, ensuring timely clearance and compliance with policy
• Maintain secure filing and archiving of financial documents (soft and hard copy)

Accounting & Transactions

• Process timely cash and bank payments with full supporting documentation and approvals
• Post payments, ensuring correct coding of expenditures on vouchers, purchase orders, and payment requests
• Take corrective actions on unposted vouchers, budget check errors, and unapproved vouchers
• Conduct daily and weekly cash counts and prepare monthly reconciliations of bank and cash accounts

Budgeting & Financial Monitoring

• Maintain budget control and monitor cash flow for the area office
• Track expenditures against approved budgets and flag significant variances
• Support the Project Finance Manager in the development and implementation of financial management policies and practices

Reporting & Tax Compliance

• Consolidate and submit monthly financial documentation, ensuring compliance with donor and labour law
• Prepare and remit monthly statutory deductions (PAYE, suppliers, consultants) to relevant authorities
• Support audit preparations and ensure timely closure of audit findings

Capacity Strengthening & Continuous Improvement

• Provide technical guidance and training to strengthen financial management capabilities

Location

Lagos, Nigeria