Job description for Finance Associate role at Generation in Accra
Date Posted: 16 weeks ago
Finance Associate
Employment Type - contract
Employer's Proposed Salary - Not provided
Application Deadline - Not provided
Job Description
ABOUT GENERATION:
Generation is a global non-profit organization that supports adults to achieve economic mobility through employment. Generation trains and places adult learners of all ages into careers that are otherwise inaccessible, working in partnership with governments, employers, and other system actors. Launched in 2015, Generation comprises a global hub (Generation You Employed, or GYE) and a network of in-country affiliates. To date, the network has 76,000+ graduates and 11,000+ employers across 35 professions and 17 countries. When learners join Generation, 90% are unemployed, of which nearly half are long-term unemployed. Three months after completing our program, graduates have an 81% job placement rate, rising to 90% within six months.
Of our employed graduates, 67% are hired by our repeat employer partners, and 88% are in jobs directly related to the profession for which we have trained them. Employed graduates immediately earn an average of 3-4X their previous earnings. Two to six years after graduation, 70% of alumni continue to meet their daily financial needs and 40% save for the future. To date, Generation’s global graduates have earned $630 million in wages, which will rise to $1 billion by 2023. Generation graduates typically have a secondary school background, 54% are female, 40% have dependents, and the majority identify with underrepresented communities in their country. Generation GYE conducts original research and shares data insights on high priority global workforce transition topics to inform decision-making by workforce system stakeholders.
POSITION OVERVIEW:
We are looking for an exceptional Finance Associate to assist our operations in Ghana by supporting us in accounting recordkeeping, budgeting, and reporting.
You will be joining at an exciting time for Generation, as we look to enter Ghana for the first time in our partnership with MasterCard Foundation on a project called GROW. Under this partnership, we will be launching new training and placement programs for a number of remote roles (such as virtual assistants, data analysts, digital marketing, web development and customer service). Generation will also be coordinating a coalition of partners to experiment with different methods of delivery to find out ‘what works’ before we scale.
This role is for a full-time assignment, for the project period through October 2025, with a possibility of extension and contingent on funding availability. Candidates must have the right to work in their country of residence. Hours are expected to be 40 hours per week.
RESPONSIBILITIES:
The Finance Associate will oversee financial reporting for GROW.
Specifically, you will work in the following areas:
DAY-TO-DAY ACCOUNTING
Collect and review vendor invoices and expense reports in accordance with company policies
Initiate and process weekly cash disbursement via EFT/ACH payments in AP systems (bill.com, expensify.com) and international wire bank platforms
Perform related follow-ups and confirmations, respond to employee and vendor inquiries related to expenses and disbursements
Research and resolve a variety of routine internal and external inquiries concerning general ledger account status, including communicating the resolution of discrepancies to relevant parties
Reconcile and process monthly credit card statements and payments
Assist in project-related billing, AR tracking and reconciliation process
Assist Global Finance team in monthly closing, general ledger reconciliations, tax reporting, vendor records, and audit
DOCUMENT MANAGEMENT
Organize project financial documentation to ensure consistent naming convention, cross-reference to accounting records, and completeness in compliance with Mastercard Foundation requirements
Track and maintain files and documentation thoroughly and accurately, in accordance with company policy, accounting practices, and project SOPs
Ensure all contractual and payment documentation is three-way verified and saved in a central accessible location at all times
Provide regular document management training/onboarding to relevant project team members
MONTHLY ACCOUNTING AND COUNTRY SUPPORT
Reconcile accounting records between Ghana and Global office on a monthly basis
Assist in coordination and quality controls in month-end, year-end, audit preparation processes
Make recommendations for improved accounting procedures identify any discrepancies between local accounting standards and GAAP/IFRS standards and propose resolution
Assist Ghana and Global Finance teams in developing financial management and reporting tools
BUDGETING AND REPORTING
Support Ghana team during budgeting processes with program costing and projections.
Assist Ghana team in Budget vs. Actual analysis
Work closely with the Ghana team to ensure both accuracy and timely submission of documentation to Mastercard Foundation (budgets and financial reports)
Assist in identifying suitable budgeting and planning software as well as other tools to aid country cost and funding management and global consolidation
ABOUT YOU:
You have a bachelor’s degree in accounting, finance or data analysis and ideally 2-5 years of related work experience
Experience in a non-profit sector strongly preferred
You must have strong organization skill and attention to detail
You have analytical and problem-solving skills
You have Experience with data entry and report compilation in online cloud-based accounting system familiarity with accounts payable and expense management software is desirable
You have Proficiency with Microsoft Office 365 applications (Excel, Outlook and Word)
You have a strong work ethic, are well-organized and a self-starter
You have excellent verbal and written communication, including the ability to report on complex data in an easily understandable manner
You have a customer service mindset and ability to build relationships across a range of geographic and cultural contexts
You have a proven ability to work independently and within teams in a remote-work environment
You have experience working in the non-profit (NGO) space with a mission-driven mindset, Mastercard Foundation project experience is preferred
You believe in our mission, that fulfilling employment can change lives, and are passionate about doing social good
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