Strategic Finance Policy Review and Update Initiative at

1 week ago

Nairobi, Nairobi Area, Kenya HORIZONT3000 Full time
HORIZONT3000 is the largest Austrian non-government development cooperation organisation. With our work, we help disadvantaged people in the Global South to develop in a sustainable and humane way.
Summary


To review and update the finance policies of partner organizations and Regional Office East Africa to to strengthen financial governance and management practices.

Specific Objectives

To conduct a thorough review of the finance policies of 3 partner organizations or Regional office East Africa
To equip participants with the knowledge and skills necessary to understand and effectively implement updated finance policies, fostering improved financial governance, compliance

To support 3 partner organizations to standardize their finance policies to promote consistency and clarity in financial management practices.

To integrate comprehensive risk management frameworks into finance policies to effectively identify, assess, and mitigate financial risks across partner organizations and the Regional Office.

To support 3 partner organizations in East Africa to develop standardized finance policies tailored to their operational contexts and best practices

Major tasks
Assessment and Needs Identification

Conduct an initial assessment to understand the current finance policies and practices of each partner organization.
Identify specific needs, gaps, and areas for improvement in their finance policies.

Developing a Template and Guidelines

Create a standardized finance policy template and guidelines based on best practices and regulatory requirements.
Tailor the template to accommodate variations in organizational size, complexity, and operational context.

Training Sessions

Conduct training sessions for key staff members and board members of partner organizations on the importance of finance policies and the elements of the standardized template.

Provide guidance on how to adapt and customize the template to fit each organization's specific needs

Coaching and Support

Offer ongoing coaching and support to assist partner organizations in applying the template to their unique circumstances.
Provide one-on-one sessions or group workshops to address questions, clarify concepts, and facilitate discussions on policy implementation challenges.

Review and Feedback

Facilitate regular review meetings to assess progress, review draft policies, and provide constructive feedback.

Finalization

Assist partner organizations in finalizing their finance policies based on feedback and discussions.

Mode of Engagement

The suggested mode of engagement for supporting partner organizations in developing standardized finance policies involves a structured approach of workshops, coaching sessions, and peer learning opportunities.

Initial workshops introduce the importance of finance policies and present a standardized template, followed by sessions to customize the template to each organization's needs.

Ongoing coaching provides support throughout the policy development process, with regular feedback and review sessions to ensure progress. Peer exchange workshops foster mutual learning, while a final workshop focuses on policy finalization.

Engagement Period

June 24th to 28th 2024, receiving offers from consultants
July 1st to July 12th, 2024, reviewing offers, selection and contracting
July 15th to August 16th 2024, Implementation and finalization

Note that this is a 6-day assignment spread across a month and financial offers should be for the support for 3 partner organization spread across Uganda, Kenya and Tanzania
Consultant Profile
Experience

Proven track record in financial management and policy development, preferably with 5 years experience in designing and implementing finance policies for nonprofit organizations or similar entities.

Demonstrated expertise in conducting assessments of existing policies, identifying gaps, and implementing improvements to enhance financial governance.

Experience in facilitating workshops, training sessions, and providing one-on-one coaching to build capacity and transfer knowledge effectively to diverse stakeholders.

Familiarity with the East African context and challenges specific to the region's nonprofit sector.

Education

Advanced degree in Finance, Business Administration, Public Administration, or a related field.

Professional certifications such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or other relevant certifications in finance and project management.

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