The Government of Ghana was declared eligible for a poverty reduction grant from the Millennium Challenge Corporation ("MCC"), a United States Government Agency. In connection therewith, the Government submitted Concept Papers to MCC, and after a successful outcome of due diligence, and the availability of funds, has resulted in a Compact between the Government and MCC pursuant to which MCC would provide a five-year, multimillion dollar poverty reduction grant to the Government of Ghana (a "Compact"). The Millennium Development Authority (MiDA) will  be responsible for the management of the implementation of the Compact. Subject to the terms and conditions of the Compact, related agreements, and the availability of funds, the Government intends to use a portion of the funds provided through the Compact to procure professional personnel in MiDA to assist the Government with the management and implementation of the Compact program in a transparent, timely effective, efficient, results-oriented and fiscally sound manner,

Job Summary

The Millennium Development Authority (MiDA) is  seeking to engage qualified persons for the Chief Financial Officer (CFO) position in the MiDA, on a fixed term contract of five years, renewable yearly.

Reporting to the CEO, the responsibilities include;

•   Ensure adherence to ail financial management provisions of the Compact and related documents.
•   Serve as the primary liaison with the Fiscal Agent, Project Directors, and the Implementing Entities on financial-related matters and issues. Provide leadership in the design and operating effectiveness of a system of internal controls over financial management and reporting including change management and oversight.
•   Provide oversight over HR and IT functions related to the administration of MiDA.
•   Manage the preparation of MiDA's annual Program budget for the entire Compact period, as well as detailed budgets on a quarterly basis in coordination with the Fiscal Agent, Project Management Unit(s) (if any), and any Implementing Entities.
•   Develop quarterly disbursement requests for funding from MCC, in coordination with the Fiscal Agent.
•   Develop, in coordination/collaboration with the Fiscal Agent, a financial management operations manual, known as the Fiscal Accountability Plan (FAP), which outlines all procedures necessary for financial management operations, effective internal control system, and designates the officials who have the authority to approve obligations, verify receipt of goods and services, and execute payments.
•   Monitor and ensure compliance with all aspects of the FAP.
•   Ensure that the Fiscal Agent's financial management system accommodates the requirements of the Compact.
•   In coordination with the Project Directors, estimate the future cash flow requirements for each Project for each period, and ensure that all accompanying reports related to disbursement requests are delivered according to the required schedule.
•   Monitor expenses against budgets to ensure adequate resources and control of funds. Provide quarterly contract disbursements and other necessary information to the M&E Directorate in order to track process milestones for the Compact.
•   Assist in the development of the operating budget for the MiDA.
•   Prepare a plan to meet the semi-annual audit requirements of the Office of Inspector General (OIG) of the United States Agency for International Development (USA1D),
•   Cooperate fully with the auditors to ensure that the auditing requirements of the program are satisfied as required by the Compact
•   Develop, communicate and implement corrective action plans in connection with all audits conducted on behalf of MCC/GoG Funds in connection with the Ghana 2 Compact.
•   Ensure that MCC funds are exempt from all taxes as detailed in the Compact Agreement, Program Implementation Agreement, and/or any other agreement associated with the Compact.
•   Represent the Program on all financial aspects to the Ghana public, government, donor community, civil society, private sector, and others.
•   Develop and manage all financial reports, including special reports required by the MiDA or the Board of Directors,
•   Provide leadership and guidance to financial/accounting staff on assigned tasks of the division.
•   Manage and review the work of assigned staff and ensure quality of outputs, and provide day-to-day supervision.
•   Supervise the processing and analysis of project-related expenses and ensure that they are in accordance with approved budget, MCC policies, and government procedures.
•   Supervise the administration and accounting for contract payments that the Fiscal Agent will process through MCC's paying agent.

Qualification Required & Experience

•   Master's Degree or equivalent in Accounting (preferred) or Finance.
•   Certified Public Accountant (CPA), Chartered Accountant (CA) or equivalent preferred.
•   Ten (10) or more years of professional experience, at least Five (5) of which in a senior financial management position of a project or company having an annual budget of $50 to $100 million USD or as an auditor in a public accounting firm.
•   Proven management skills and experience in activities related to financial management.
•   Ability to develop complex budgets and manage all related financial transactions.
•   Experience in developing and managing financial management systems and processes.
•   Ability to liaise with other MiDA divisions to ensure smooth implementation of MiDA activities.
•   Ability to lead a team of qualified accounting or financial management specialists.
•   Must demonstrate from previous work experience the ability to collaborate effectively with peers as well as work across departments or divisions.
•   Excellent written and verbal communication skills in English

Location: Accra

How To Apply For The Job

Applications should be sent by e-mail addressed to:-

jobcode020914@mida.gov.gh and must be received by MiDA

Closing Date: 06 October, 2014

All applications will be treated in the strictest confidence.

Telephone and fax enquiries on submitted applications will not be entertained.

Only applicants selected for interviews will be contacted.

Shortlisted applicants may be required to attend a number of screening interviews.