CHANCEN International is a non-profit organization that provides an ethical, fair, and
responsible financing model for young people in Africa to access quality tertiary education.
This financing model is called an Income Share Agreement (ISA) and was tried and tested
for 20 years in Germany before being launched in East Africa in 2018.
With an ISA financing model, CHANCEN International pays tuition fees during beneficiaries’ tenure of their studies, and graduates pay them back according to their income at the end of their studies, thus making it possible to finance the next generation of students. CHANCEN administrative base is located in Kigali, Rwanda, and in its first two years of financing operations, more than 1300 young people accessed funds for their tertiary education. CHANCEN believes that young Africans are ready to take on the problems that have held their continent back if they are fairly and responsibly empowered.
Education is one of the vehicles for harnessing that potential, and we work to create equal access to high-quality tertiary education for traditionally excluded populations. Our unique and innovative model of responsible and sustainable financing has the power to unleash intergenerational economic mobility for marginalized youth as they gain the skills required to participate in building strong economies and peaceful nations. CHANCEN International’s next phase of growth comes with the launch of the Future of Work Fund which provides a blended investment opportunity for investors who want to ensure that the next generation of youth in Africa acquire employable skills and move into gainful employment.
Our Income Share Agreement model has ensured students were able to continue their education to employment journey in the midst of the COVID-19 crisis and the demand from both students and partner institutions have seen a sharp increase in recent months due to
reduction in household income and the ability for excluded youth to pay for education.
POSITION: FINANCE SENIOR ASSOCIATE
REPORTING TO: FINANCE MANAGER
LOCATION: KIGALI, RWANDA
- Main Job Purpose:
⚫ The main purpose of the Senior Associate in Finance is to safeguard all of
CHANCEN’s assets, managing and controlling financial related activities. This
includes being directly responsible for day to day accounting activities, asset
management (cash flow and physical assets), periodic management reporting,
procurement and any other finance related activities including ensuring adhering to
regulatory requirements, audit and payroll.
⚫ In addition, the role of the finance manager is to ensure that all the finance
department’s objectives and OKRs are met. - Finance Department Goals
⚫ Ensure timely reporting and recording of all financial transactions;
⚫ Ensure proper budgeting and projection taking into account revenues collected as
well as received funds;
⚫ Ensure budget execution in accordance with the agreed action plan;
⚫ Ensure a proper cash flow management;
⚫ Ensure proactive tax planning and payment;
⚫ Ensure that financial records are well kept and updated regularly;
⚫ Ensure assets and liabilities are accurately recorded. - Roles, Responsibilities and duties
⚫ Prepare accurate and timely financial reports for FM. This includes reconciliations
of assets and liabilities.
⚫ Oversee the day-to-day accounting functions, including accounts payable, accounts
receivable, payroll, and general ledger. Ensure compliance with accounting
standards and regulatory requirements including internal policies.
⚫ Manage the annual and monthly budgeting and forecasting process, ensuring that
targets are met and variances are explained.
⚫ Manage cash flow and treasury operations, including banking relationships and
investments.
⚫ Evaluate and implement financial controls to mitigate risk and ensure the accuracy
of financial reporting.
⚫ Collaborate with other departments to drive process improvements and efficiencies
⚫ Work closely with the internal and external auditors to ensure the accuracy and
timely of financial statements.
⚫ Provide support and guidance to other departments on accounting-related matters
⚫ Stay up-to-date on changes to accounting standards and regulations and ensure that
the company is in compliance.
⚫ Support and oversee the daily activities of the associates.
⚫ Managing the timely payment to suppliers
⚫ Maintain appropriate internal controls to safeguard the organization’s asset, control
of cash management
⚫ Provide Supervision and advice programme finance unit on financial procedures
and processes - Educational Qualifications
⚫ Minimum Bachelor’s degree in finance, Accounting, Business Administration or
related field.
- Knowledge and Professional Certificate
⚫ Accounting Systems, Sales force, International Public Sector Accounting Standards,
and System Application and products (SAP)-Processes and Resources Integrated
Systems Management (PRISM)Chartered accountant (CA), Certified public
accountant (CPA), Association of Chartered Certified Accountants (ACCA). - Technical Skills, Competencies, and Experience
⚫ Minimum Five of Experience in Financial management, Accounting and budgeting,
Familiarity with, financial oversight.
⚫ Excellent Excel skills, and proven expertise in financial modeling and budgeting,
Deep nonprofit finance knowledge, Proven expertise in grant management, Strong
organizational skills. Tax experience would be beneficial. Ability to work
independently and manage multiple priorities in a fast – paced environment. - How to Apply :
⚫ Qualified and Interested Candidates should send their applications which contains a
resume with an email address, contact , qualifications , names and addresses of
three referees together with a cover letter , and academic certificate at Chancen’s
recruitment email at: careers@chancen.international
⚫ The deadline for receiving applications is not later than not later than 30th
June, 2023 at 5:00pm
⚫ Only shortlisted candidates will be contacted.
Click here for details & Apply
