Senior Financial Control Officer at Baobabplus

Job Summary

The Senior Financial Control Officer is responsible for ensuring effective financial monitoring, budgetary control, and cost management across the organization. This role provides critical support in maintaining financial discipline through accurate reporting, reconciliations, audit support, and process documentation, contributing significantly to the organization's financial integrity and compliance with regulatory standards.

Main Duties and Responsibilities

• Budget Monitoring: Monitor departmental and overall budget utilization to ensure compliance with approved allocations. Flag potential overspending or underutilization trends and recommend corrective measures.
• Cost Control: Review and monitor expenses to ensure adherence to cost control strategies and financial targets.
• Cost & Variance Analysis: Conduct regular cost analysis to identify cost drivers, trends, and areas for potential savings. Perform monthly and quarterly variance analysis between actual and budgeted expenditures and explain key variances.
• Budget Reporting & Cost Analysis: Prepare and present monthly budget utilization and cost performance reports to management. Collaborate with departmental heads for real-time insights and financial advisory.
• Process Documentation & Filing: Maintain proper documentation of finance-related processes, approvals, and reports. Ensure timely filing and retrieval of key financial documents for audit and compliance purposes.
• Supplier Payments: Ensure prompt payment of approved operational and capital expenditures to suppliers.
• Financial Reporting Assistance: Support the preparation of monthly, quarterly, and year-end financial statements. Contribute to the accuracy and completeness of financial data across reports.
• Audit Support: Assist with external and internal audit preparation, schedule preparation, and documentation. Follow up on audit findings to ensure timely closure and implementation.