Senior Finance Manager
Location:
Based in Amman, Jordan, with business travel on a need basis
Reporting Manager:
Chief Corporate Operations Officer
Direct Reports:
Regional Finance & Operations Associates (as secondary supervisor in coordination with the Operations Manager), Finance Associate, & Accountant
Start date:
ASAP
Duration:
Permanent
Type:
Full-time, Grade E
Remuneration:
$5,000– $6,000 per month, depending on level of experience and qualifications, plus benefits.
Application Deadline:
16 April 2024
MAGENTA is a leading Social and Behavioural Change (SBC) agency that specialises in understanding human decision-making processes in order to design solutions for relevant and impactful solutions to some of the most challenging problems of our time. We implement programmes across the Middle East & North Africa, Africa, Asia, Latin America and The Caribbean using the latest in behavioural science principles and a rigorous approach to research, strategy, campaign design and implementation.
Our client base includes UN agencies, INGOs, the FCDO, the US government and the private sector. We aim to amplify the voices of local actors while bringing international expertise and methodological rigour. To do so, we partner with civil society, creative agencies, media and academics to design innovative, relevant and impactful solutions to some of the most challenging problems of our time. Whether we are aiming to shift parenting practices to improve children’s outcomes or to understand how social norms underpin corruption, we always go the extra mile to ensure we can create positive impact for some of the most underserved populations in the world.
MAGENTA is made up of five business units and three operating departments: Middle East & North Africa, Asia, Africa, Latin America & the Caribbean, the MAGENTA Lab, Corporate Services, Growth & Marketing and Technical & Programme. This role will be a key member of the Corporate Services department and will manage MAGENTA’s Financial requirements.
The Senior Finance Manager (hereon known as Manager) manages the financial strategy and systems at MAGENTA. The Manager provides financial analysis to the Senior Management Team in the areas of financial performance and financial compliance. The manager ensures financial regulatory compliance with donors, sound accounting, and daily finance tasks. The Manager also collaborates and provides strong business partnering to the Business Unit Manager and Growth Team to provide corporate or project level financial guidance as needed.
This position directly oversees the Accountant and Finance Associate positions, including training, performance management, and delivery of services. The Manager works closely with the Operations Manager to oversee the performance of the Finance and Operations Associates regarding the financial aspects of their positions. The Manager directly contributes to building a positive, service-oriented culture within the team, with strong business partnering with the regional teams.
RESPONSIBILITIES
Financial and Accounting Management
- Analyses and presents financial reports in an accurate and timely manner; clearly communicate monthly and annual financial statements; collate financial reporting materials for all donor segments, and oversee all financial, project/program and grants accounting.
- Contributes to commercial negotiations with clients to ensure optimal business outcomes.
- Provides quality control on financial proposals and project budgeting, especially by developing budgeting templates and building capacity of staff to prepare winning proposals and use budgeting tools effectively.
- Coordinates and leads the annual audit process, liaise with external auditors and the finance committee of the board of directors; assess any changes necessary.
- Oversees annual budgeting and planning process in conjunction with the CCOO; administers and reviews all financial plans and budgets; monitors progress and changes; and keeps senior management team abreast of the organisation’s financial status.
- Manages organisational cash flow and forecasting.
- Manages individual entity banking, including compliance with any host country requirements and reporting.
- Implements a robust contracts management and financial management/ reporting system; ensures that the contract billing and collection schedule is adhered to and that financial data and cash flow are steady and support operational requirements.
- Updates and implements all necessary business policies and accounting practices; manages the finance department’s overall policy and procedure manual.
- Effectively communicates and presents financial data and status as needed.
- Develops clear accounting procedures, including internal resources such as accounting manuals.
- Contributes to integrating MAGENTA’s group level accounting, especially by working with appropriate external resources
- Manages MAGENTA’s indirect rates, including NICRA application and management as well as consistent and compliant indirect rate management for entities without a NICRA.
Technology
- Remains up to date on financial related technology, including accounting systems, reporting tools such as PowerBI, etc.
Financial Compliance
- Provides quality control on group level operational and risk management functions, especially from a finance perspective to maintain corporate compliance (such as ensuring external audits are conducted in a timely manner and engaging external advisors as needed).
- Provides quality control on contracts by providing a risk management review of terms and conditions and ensuring consistency with entity and group level financial policies.
- Advises on financial issues related to maintaining MAGENTA entities.
- Signing authority as needed.
REQUIREMENTS & COMPETENCIES
Education
- Relevant degree from a top tier university required; Masters preferred
Experience
- 5-8 years of experience in Financial Management including accounting and accounting software, reporting, budget management, etc.
- Substantial knowledge of the international development and/or humanitarian sector, institutions and donors, and of compliance requirements;
- Ability to work effectively, respectfully and successfully with governments, clients, partners and other stakeholders in complex settings;
- Fluency in English;
- Technological and software fluency, include Office 365 and accounting systems.
Strategic thinking
- A high-level strategic thinker, with a keen desire to learn and consume new information;
- Robust logic chain analytics and strong general analytical skills;
Culture
- Demonstrated adherence to MAGENTA’s core values: Authenticity, Transparency, Curiosity and Innovation
- Willingness to live, work and travel in developing/post-crisis settings;
- Good sense of humour, personable and demonstrated ability to build networks;
- Entrepreneurial spirit and willingness to get hands dirty;
- Comfortable in multi-cultural settings
WORKING CONDITIONS
- MAGENTA has a flexible working policy which promotes periods of remote working in the year
- May involve working in regions that are remote and lack basic modern infrastructure
MAGENTA is committed to creating a diverse work environment. All qualified applicants will receive consideration for employment without regard to race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, or age.
How to apply
INSTRUCTIONS
Applicants should submit a two-page CV and letter of motivation here. The letter of motivation should describe why you want to join the MAGENTA team, with a specific example of how your experience and skills can enhance MAGENTA’s work.
