FINANCIAL ANALYST: JOBS FUND

DUTIES:

To be responsible for the financial management and oversight of funds allocated to the Jobs Fund (JF), ensuring governance, compliance, and stakeholder engagement. The role also focuses on contributing to the knowledge and learning agenda of the Fund by researching and analysing data as well as leading and mentoring junior staff.

Funding Allocation:

• Analysis of Corporate Financials and other relevant reports including analysing current and past financial data and performance. Review of new investment proposals (due diligence) and opportunities conducted by project teams.
• Accompany project teams on due diligence visits on a risk basis.
• Review of commercial analysis, financial model analysis, risk and institutional analysis conducted by project teams.
• Review appraisal reports for submission to various committees.
• Support project teams at various committees.
• Review contracting documentation and support contracting negotiations.
• Review disbursement documentation required to provide initial funding allocations to projects.

Cost Analysis:

• Review and assess the appropriate levels of project costs by establishing standard costs benchmarked with market data.
• Review of project-level financial assessments on a monthly and or quarterly basis.
• Enhance the cost analysis process by establishing and enforcing policies and procedures.
• Review project budgets, including cost estimates for reasonability.
• Provide guidance to finance teams on effective cost analysis.
• Improve the financial status by analysing results and monitoring variances at the fund portfolio level.
• Identify trends and recommend actions to Jobs Fund management.
• Recommend actions by analysing and interpreting data and making comparative analyses.
• Evaluate projects' expenditures against the Jobs Fund (JF) value for money frameworks

Governance & Compliance:

• Review JF policies for alignment with accounting standards.
• Identifying trends in financial performance and providing recommendations for improvement.
• Assists in the development and/or enhancement of program systems and procedures.
• Identifies and manages implementation risks for the assigned programs and develops sufficient risk mitigation for identified risks.
• Supports legal and other staff in ensuring Fund compliance with guidelines and other applicable legislation.
• Provides oversight on the work done on financial data, which includes bulk payroll data for validity, accuracy, and completeness.
• Conducts verification checks on submitted financial information, manages the audit process for the audit of the supported projects.
• Provides overall financial information in preparation for Auditor General (AG) Audits.

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