Finance and Business Development Officer

Finance and Business Development Officer

Egerton University is the oldest institution of higher learning in Kenya. It was founded as a Farm School in 1939 by Lord Maurice Egerton of Tatton, a British national who settled in Kenya in the 1920s. It is established through the Universities Act No. 42 of 2012. Egerton University has partnered with Michigan State University (MSU), United States International University-Africa (USIU), National Cooperative Business Association CLUSA International (NCBA CLUSA) and the National Youth Bunge Association (NYBA) to implement the USAID Empowered Youth Program. This is a 5-year program that will be implemented by CoELIB at Egerton University. CoELIB builds on existing knowledge and capacity to foster innovation and business-oriented actions and recognizes that a collection of individuals, assets and other resources do not yet constitute a potent organization that can make an impact on livelihoods. Therefore, they harness capabilities into a sustainable organizational form that can contribute to the well-being of people for inclusive socio-economic development.


The Program aims to connect youth through social and economic opportunities. The program builds on existing evidence of youth social and economic challenges and opportunities from previous, and current USAID investments; key stakeholder engagement, including Kenyan youth and youth-serving organizations. MSU, EGU, USIU, NCBA CLUSA, and NYBA present a sustainable model of youth empowerment to achieve the Program goal. The USAID Empowered Youth Program will use a macro-level approach to strengthen the capacity of youth-serving systems and HEIs to support youth empowerment initiatives.


The Finance & Business Development Officer will be responsible for overseeing the implementation of business development strategies to heighten the program’s attainment of its objectives as well as managing program’s financial resources. His/her duties will include leading a team of business development professionals, identifying growth opportunities to pursue and creating a suitable financial environment to support ideas. He/she shall work with the Project Lead at EGU, Project and Youth Empowerment Officer at EGU and all the other offices within the program at MSU, USIU, NCBA-CLUSA, and NYBA to attain efficiency in running the project. In particular, the incumbent will perform the following tasks.

Duties and Responsibilities:

  • Ensure updated, clear concise written accounting and procurement procedures manuals
  • In consultation with project lead and project officer prepare all project budgets in line with project workplan.
  • Maintain control over the project filing systems to ensure complete and organized accounting files, especially with regard to original procurement documents and personnel salary files.
  • Employ financial oversight and control mechanisms and procedures to ensure that all program expenses are in accordance with USAID financial policies, procedures and rules and regulations.
  • Review and provide support for the financial aspects of contract execution of local and international sub-implementing partners.
  • Develop and periodically update Project Policies and Procedures guidelines for procurement, accounting and budgeting
  • Ensure the smooth implementation of project accounting activities, including (but not limited to): timely and accurate bank reconciliations, invoicing, monitoring of expenditure levels against budget and funding obligations, financial projections and submission of monthly financial reports .
  • Verify accuracy and compliance of expenses and expense reporting.
  • Provide assistance with internal or external audit requirements.
  • Identify and recommend improvements that could streamline implementation processes in the areas of accounting, finance and budgeting.
  • Ensure timesheets are well recorded and submitted by project staff
  • Regularly prepare and present financial reports, analysis, and recommendations concerning relevant financial issues
  • Training youth on business skills and business development.

Key Performance Indicators:

  • Finances efficiently and effectively managed
  • Youth are empowered

Competencies/Skills:

  • Solid knowledge of financial and accounting procedures
  • Experience using financial software
  • Advanced MS Excel skills
  • Knowledge of financial regulations
  • Strong ethics, with an ability to manage confidential data
  • Strong analytical and financial skills
  • Has experience leading implementation of youth empowerment and business development programmes
  • In-depth knowledge and experience in project management and finance
  • Execellent analytical,problem solving and management skills
  • Solid understanding of and expertise in community engagement processes and links to local governance.
  • Effective communication, writing, and presentation skills in English

Duty Station

CoELIB, Egerton University

Duration

Initially 2 months and renewable based on meeting of set performance targets and duration of the assignment.

CoELIB

Communications and Media Officer
  • Deadline 12th Oct 2021
  • Duty Station Egerton University
  • Experience Years
  • Qualification University degree