CcHUB is Nigeria’s first open living lab and pre-incubation space being designed to be a multi-functional, multi-purpose space where work to catalyze creative social tech ventures take place. The HUB is a place for technologists, social entrepreneurs, government, tech companies, impact investors and hackers in and around Lagos to co-create new solutions to the many social problems in Nigeria.
We are recruiting to fill the position below:
Job Title: Finance Associate
Location: Maiduguri, Borno Unit: Finance Team
Job Purpose
The Finance Associate manages all financial operations of IIH including accounting, budgeting, financial reporting, and compliance.
This role ensures accurate financial records and supports financial decision-making.
Key Responsibilities
Maintain accurate financial records and accounting systems
Prepare monthly, quarterly, and annual financial reports
Manage accounts payable and receivable
Process payroll and manage employee benefits
Prepare budgets and monitor financial performance
Ensure compliance with financial regulations and tax requirements
Coordinate with external auditors and tax consultants
Manage banking relationships and cash flow
Support grant and funding financial reporting
Provide financial analysis and recommendations
Key Performance Indicators KRA 1: Financial Record Keeping and Reporting:
Maintain accurate and timely financial records and reports to support decision-making and ensure transparency.
Key Activities:
Maintain accurate accounting records
Prepare monthly financial reports
Prepare quarterly and annual financial statements
Ensure timely financial reporting.
Success Metrics: Report accuracy, timeliness, audit compliance KRA 2: Budget Management and Control:
Develop and manage budgets effectively to ensure financial sustainability and optimal resource utilization.
Prepare annual budgets in collaboration with departments
Monitor budget performance and variances
Provide budget analysis and recommendations
Ensure budget compliance across departments.
Success Metrics: Budget accuracy, variance management, budget adherence KRA 3: Financial Compliance and Risk Management:
Ensure compliance with financial regulations and implement risk management practices.
Ensure compliance with tax regulations
Coordinate with external auditors
Implement internal controls
Manage financial risks.
Success Metrics: Audit compliance, regulatory compliance, risk mitigation KRA 4: Cash Flow and Banking Management:
Effectively manage cash flow and banking relationships to ensure financial stability.
Monitor cash flow and liquidity
Manage banking relationships
Process payments and receipts
Optimize cash management.
Success Metrics: Cash flow management, payment processing efficiency, banking relationships
KRA 5: Grant and Funding Financial Management:
Manage financial aspects of grants and funding to ensure compliance and accurate reporting.
Track grant and funding finances
Prepare grant financial reports
Ensure grant compliance
Support grant proposal financial planning
Success Metrics: Grant reporting accuracy, compliance, grant utilization.
Qualification Required Qualifications and Experience:
Bachelor's Degree in Accounting, Finance, or related field
Professional accounting qualification (ICAN, ACCA, or equivalent) preferred
Minimum of 5 years of accounting/finance experience
Experience with financial management in non-profit or development sector preferred
Proficiency in accounting software and MS Excel
Strong understanding of Nigerian financial regulations.
Skills and Competencies
Financial accounting and reporting
Budget management
Financial analysis
Attention to detail
Compliance and regulatory knowledge
Technology proficiency (accounting software, Excel).