VSF Belgium Terms of Reference for Financial Capacity Assessment of the VSF Belgium Finance Team
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Objective:
The objective of this financial assessment is to clearly identify where the gaps are between what is actually being done and what should ideally be done by the finance team. This will involve critical assessment of the fol lowing key financial management tasks
The objective of this financial assessment is to clearly identify where the gaps are between what is actually being done and what should ideally be done by the finance team. This will involve critical assessment of the fol lowing key financial management tasks
* Planning and budgeting
* Accounts record-keeping
* Financial and grant reporting
* Financial controls.
The consultant ’s main role will be to supervise, coach and lead the Finance team in proper financial management ensuring they will effectively carry out finance management within VSF Belgium in the East Africa region and linking this with the Head office.
The consultant will be required to: -
* Assess suitability of the current finance system and make recommendations
* Assess the capabilities of the finance team
* Restructure the finance organogram (if need be) .
* Review of Job descriptions and profiles (skills, competence) for the finance team
* Assess the current finance policies and procedures (with emphasis on internal controls, fraud) and recommend areas for improvement
* Advise and make recommendations on effective and efficient budgeting, financial monitoring and grant management
* Share knowledge and document financial best practices with the Finance team and the management
Expected result:
* A clear report with key findings, suggested areas of improvements and recommendations
* Documentation of key gaps in the capacities of the finance team
* Suggest (Identify) suitable training for Finance team on weak areas identified
* Documentation of lessons learned and best practices in Finance management
* Reviewed and improved financial internal controls
* Documented mechanisms to eliminate deficiencies in financial management
* Recommend an efficient and effective finance structure
* Updated financial policies and procedures manual
Duration of the assessment:
* The assessment should commence in July 2011 at the latest and the final report submitted before September 2011.
Profile:
The expert should at least have the fol lowing background:
Education
* A relevant university degree in business administration with concentration in finance, accounting or related field.
* Qualification in Association of Chartered Certified Accountants (ACCA)
* Certified Public Accountant (CPA) or Certified Information System Audi tor (CISA) or Certified Forensic Accountant(CFA)
Experience
* At least 10 years experience in finance or accounting at senior management level)
* At least 10 years of relevant experience at national or international level in providing financial management advisory services
* Proven track record and experience in conducting financial capacity assessments
* Expert knowledge and experience in accounting/Finance;
* Experience in developing or improving and implementing new financial systems and procedures
* Experience in successfully capacity building a Finance Team;
* Experience in the usage of various accounting systems, advance knowledge of excel
* Preference of having experience in Africa or NGO Sector
Skills
* Assessment or appraisal skills
* Training skills
* Coaching and mentoring skills
* Analytical skills
* Good organizational , communication (oral and written)
* Report writing skills
* High standards of integrity and confidentiality.
Application:
Please send a technical and financial proposal , including CV(s) with at least five referees of successful financial capacity assessment cases by email (reference “Financial capacity assessment 2011”) to recruitment@vsfb.or.ke by 21st June 2011
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