Finance Officer: Ghana

Instill Education is on a mission to transform teaching, learning, and leadership in every classroom on the African continent. We believe that our teachers and school leaders are the greatest levers for change in the education system. We recently became an accredited higher education institution in South Africa and launched a game-changing mobile app that offers self-paced, bite-sized modules to help teachers in their professional development journey. More than 50,000 teachers in South Africa, Ghana, Kenya, and Nigeria have already enrolled on our professional development modules and joined a pan-African community of peers and experts who provide support and feedback along the way. We are currently applying for institutional accreditation in Ghana to launch Instill College of Education to start a bachelor of basic education programme.

We are hiring a Finance Officer who will play a critical role in safeguarding the College's financial resources and ensuring their effective utilization.

What makes you a great candidate?

You are ambitious, hungry to learn, and have a deep passion for education. You want to work in a fast-paced business environment and grow with a young organisation that seeks to change the face of education across the African continent. You want to learn how a start-up works by getting your hands dirty and getting involved in every aspect of the business. You are excited by the challenge of immersing yourself in new contexts and tackling complex problems. You are not afraid of failure and are driven to improve through robust, data-driven decision-making and feedback. When evaluating your candidacy, we will look for the following:

• Demonstrated commitment to anti-racism, equity, and inclusion
• Ambition to take ownership of challenges and grow with the business
• Exceptional critical thinker with strong interpersonal and communication skills
• Demonstrated passion for educational development, and closing educational equity gaps, and are strongly aligned with our vision, mission, and values

What does the role entail?

As the Finance Officer, you will be responsible for the financial management and administration of the College. This role involves a wide range of duties, including budgeting, accounting, financial reporting, and financial control.

More specifically you will;

• Develop and implement annual budgets, ensuring alignment with the College's strategic goals.

• Monitor budget performance and identify potential variances.

• Prepare financial forecasts and projections.

• Maintain accurate and up-to-date financial records, including general ledger, accounts receivable, and accounts payable.

• Prepare timely and accurate financial reports, including income statements, balance sheets, and cash flow statements.

• Ensure compliance with Generally Accepted Accounting Principles (GAAP) and local accounting standards.

• Prepare and submit financial reports to regulatory authorities as required.

• Manage grant applications and reporting requirements.

• Monitor grant expenditures and ensure compliance with grant terms and conditions.

• Coordinate with donors to acknowledge contributions and provide regular updates on the use of funds.

• Implement strong internal controls to safeguard the College's assets and prevent fraud.

• Conduct regular financial audits and reviews.

• Identify and mitigate financial risks

Selection Criteria:

• Bachelor's degree in Accounting, Finance, or a related field.
• Professional accounting qualification (e.g., ACCA, CIMA) is preferred.
• Strong understanding of financial principles, accounting standards, and tax laws.
• Proven experience in financial management and analysis.
• Strong organizational and analytical skills.
• Proficiency in financial software and tools.
• Excellent communication and interpersonal skills.

Anticipated start date: 1 January 2025 or soon thereafter

Location: Accra, Ghana

Do our values resonate with yours?

We believe in owning our mission to transform education across Africa. We aim to dream big, work collaboratively, have the courage to learn from failure, embrace ingenuity, and implement practical, inclusive solutions for the communities we serve. If you share our commitment to this challenge, join us in making a profound impact on our education systems.

Keywords

Finance OfficerFinancial ManagementBudgetingAccountingReportingComplianceGrant ManagementInternal ControlsFinancial AuditsFinancial Risks