Head of Accounting and Administration

The Head of Accounting and Administration will lead the ongoing development of financial and administrative systems to enhance oversight, transparency and operational efficiency. They will report directly to the Managing Director of the Common Fund and their duties shall include but not be limited to:

Accounting and Back Office

•  Preparation of Annual Financial Statements and reports in accordance with International Financial Reporting Standards (IFRS).

•  Lead the annual audit process and ensure compliance with audit recommendations.

• Coordinate and oversee the running and maintenance of a multi-currency financial accounting system for the Fund’s resources.
• Liaison with external and internal auditors. 
• Liaison with the External Administrator of ACT Fund.
• Conduct and oversee Anti-Money Laundering (AML) checks on payments to ensure compliance with internal policies.
• Lead and prepare the Annual Consolidated Administrative Budget and subsequent budget monitoring of regular and external funding.
• Provide financial reports (monthly management report) and analyse other financial reports originating outside the Unit.
• Supervision of payroll and Provident Fund computations.
• Report and Accounting of Trust Funds.
• Supervision of Back Office settlements and reconciliations.
• Responsibility for Loan, Grant and equity project administration and reporting.
• Responsibility for the custody and conservation of accounting records and reports.
• Provide Member States with information regarding their Share Capital Contribution and other required financial reports.
• Sustained efforts for cost optimization.

 Administration Matters

• Supervise the administrative functions of the CFC, including human resources, procurement, and office management.
• Develop and implement policies and procedures to enhance operational efficiency.
• Ensure compliance with organizational and legal requirements in all administrative activities.
• Oversee the management of contract and service agreements with office vendors.
•  Preparation and Presentation of documents for CFC’s governance bodies. 

Strategic Leadership

•  Provide strategic guidance on financial and administrative matters to support the CFC’s mission and vision. 
•  Help implement the Strategic Framework of CFC 2025-2035 when adopted. 
•  Advise the Managing Director to align financial and administrative strategies with the Fund’s mission.
•  Represent the CFC in financial and administrative discussions with stakeholders, including member states, donors, and partners.
•   Leverage expertise in impact financing to identify and secure funding opportunities for CFC investments.

General

•         Supervision and performance management of a small team of three colleagues responsible for Administration, Back office and Accounting.
•          Implement a system of internal control.
•          Advise and provide guidance to the Managing Director on financial issues of the Fund.

Additional information regarding competencies, selection criteria and application information can be found on the detailed Terms of Reference avaliable on our company website using the application link provided.