Director of Finance and Grants at Benjamin Mkapa Foundation (BMF)

Director of Finance and Grants at Benjamin William Mkapa Foundation (BMF) March 2025

EMPLOYMENT OPPORTUNITY
BENJAMIN WILLIAM MKAPA FOUNDATION
The
Benjamin William Mkapa Foundation (BMF) is a non- profit Trust,
established in 2006 with the vision towards healthy lives and well-being
for all, in Tanzania and the rest of Africa. Its strategic mission is
to contribute towards the attainment of better health outcomes through
innovative health and related system solutions. BMF’s Vision and Mission
can be achieved through an empowered workforce, which is
self-motivated, committed to growth and integrity, and the one who seeks
excellence in execution. BMF seeks for innovative, self-driven,
dynamic, and competent qualified candidates to fill the below vacancy

Position Title: Director of Finance and Grants
Reports to: Chief Executive Officer
Job Type: Full-time
Department: Finance and Grants
Duty Station: Head Office -Dar es Salaam

Overall, Purpose of the Job:
To
provide overall leadership in Institutional planning, budgeting and
financial reporting as well as effective financial  resources management
including grants and investments in order to achieve the Foundation’s
objectives. He/she shall provide technical guidance on all matters
related to taxation laws and BMF signed agreements with financiers and
subgrantees

Key Roles and Responsibilities
1. Short- and Long-term Strategic plans and Business Grow

• Provide technical financial guidance in the development and reviews of BMF strategic business plan.
• Develop comprehensive budget consistent with the Foundations’ strategic goals and funding projections.
• Identify
  opportunities and solutions for managing short-term and long-term
  investments to maximize capital earning potential as well prepares
  periodic investment report for SMT and Board.
• Leads in designing
  new business development proposals/, concepts within the dept of
  finance in order to diversify funding envelope of BMF
• As the
  signed Partnership framework between BMF and Imara Horizon Company
  (IHC), coordinate and lead the financial related matters mandated to BMF
  in relation to the IHC.
• Provides overall financial related
  guidance during the BMF Proposal Development exercise, including
  reviewing the proposed budgets.

2. Annual operational plan & Budgeting

• Coordinate
  the preparation of annual Institutional operational plans and budget,
  including issuing guidelines, templates and orienting team
• Undertakes Quality check and work with other
• departments/units in reviewing departmental/units’ budget as well as project-specific budgets.
• Consolidates
  Institutional budget and prepare related Board paper for presentation
  to the Management team and Board of Trustees.

3. Financial policies and procedures

• Develop/review
  and ensure adherence to policies, guidelines, procedures and systems to
  safeguard the financial resources of the Foundation.
• Issues financial guidelines/circulars to mitigate risks of financial loss.
• Reviews and updates of financial related policies to meet changing internal and external needs.

4. Budget implementation and monitoring

• Review
  and recommend the accounting officer’s approval of budgets and
  expenditures before entering the accounting systems. Oversee adherence
  of BMF financial regulations and all related Institutional and Project
  budgets.
• Provide directives, track, and monitor financial
  expenditures, and ensure that financial spending is in line with the
  approved Foundation’s budget and related signed grants with financiers.
  Provides guidance and ensures compliance with effective management of
  imprest and advances as per set Institutional guidelines Prepares annual
  and/or quarterly budget reviews, including budget reallocation and/or
  supplementary and submit for SMT reviews and Board of Trustees Approval.

5. Financial reporting

• Ensure timely and efficient periodic reporting on Foundation spending and income,
• Ensure
  review of all Foundations financial report prior to endorsement by the
  Accounting Officer and release to financing partner.
• Prepares Quarterly and Annual financial reports and submits to SMT and Board of Trustees.
• Oversee
  the preparation and operationalization of the Annual financial closure
  plan and lead the process from preparations to approval stage of all
  audited financial statements as required by the Institution and the
  financiers.

6. Financial Accounting Systems and Control

• Develop/Review
  strategies for managing and improving the overall financial
  systems of the Foundation particularly the electronic integrated
  financial management system (ERP).
• Oversee financial and accounting systems controls and standards for prompt and efficient financial practice and reporting.
• Review
  and maintain a strong system of internal controls to ensure the
  accurate reporting of transactions as well as the safeguarding of
  Foundation’s assets. Oversee and advise the Management on all
  requirements related to audits, taxation and other legal frameworks on
  financial and compliance matters. 

7. Grants, Contracts and Compliance

• Guides
  and oversees disbursement of grants and report on the same, as per
  signed grants agreement between the Mkapa Foundation and financiers or
  sub-recipients.
• Guide and advise the Management on all issues related to the Project related contracts or cooperative agreements entered by BMF
• In
  consultation with SMT addresses audit requirements, donor needs and
  other legal requirements along with compliance monitoring.
• ·Facilitate
  and ensure effective management of bulk payrolls carried out by finance
  dept in consultation with programs dept and corporate support unit,
  including ensuring timely payment of salaries and statutory benefits. 

8. Subordinate Effectiveness 

• Supervise
  and evaluate performance of direct reports within the department and
  ensure professionalism and appropriate finance and grants Management.
• Develops
  subordinates through coaching and other means to sharpen the skills of
  direct reports and Motivates the Finance and Grants team to increase
  productivity.