Nigussie Taffesse Henkaro

Director of Finance,

Population Services International, PSI

04.2019 - 07.2023

Major responsibilities and roles
As a, and Budget Management in PSI, I have
Reviewed and revised finance, warehouse, field travel and audit related SoPs and made them efficient, user-friendly and yet compliant processes
Designed systems, revised manuals, contracts, negotiations and achieve significant operation cost reductions
Taking the previous experience in stakeholders management managed to recover huge collectables which had been there for more than 3 years from government, customs, and customers
Lead, the process of income generation unit by furnishing all the required pre-conditions, communications, legal requirements etc…
Achieved audit-clean report for the last four consecutive years
Led reporting standard conversion process to IPSAS
Automated cost allocation process, which alone could reduce a two-day monthly process to just a less than 5 minutes, AND helped us manage human error to zero
Introduced the use of standard string code initiative and attained multi-dimensional report preparation
Managed field based finance operation with varied level of supervisions, technical capacity building, and empowerments
Effectively managed HQ, statutory, and donor expectations accordingly, by attending monthly books closing due
Led peers and sector market assessment in the areas of staff salary, field travel perdiem rates
Instituted system of departmental budget analysis, and increase cost efficiency and projects/programs burn rate to the expectation
Facilitated trainings, experience sharing sessions, and planned mentoring, through inductions and orientations
Initiated new internal control procedure “spot check” as additional/alternate fraud risk reduction mechanism
Worked and achieved remarkable result in streamlining procurement process & ensuring ‘value-for-money’ as a main procurement committee
Developed usable knowledge management by being a member of global and regional finance teams
Managed prime and Sub recipients’ treasury management with minimized/controlled business inherent risks, and by securing optimum benefit both to the organization and its employees and remained incompliance to every requirements
Grant Finance Management Consultant in UNOPS and assigned as Deputy Finance director of pharmaceuticals Fund and Supply Agency of the Government in my seconded role to Ministry of Health
Created robust finance department by designing new structure to manage regular and grant finances
Capacitated finance and logistics staff in financial management, accounting operations and use of accounting application
Automated the agency’s accounting processes at all levels, in HQ and 19 regional field offices called Hubs
Coordinated and led the process of backlog clearance of twelve years which includes but not limited to, recording, reconciliations, finance report preparations, audit and communication to donors
Served as a task force member in global fund grant budget preparation, negotiations, LFA investigation and World bank budget negotiations etc.
ERP and other forms of negotiations team
Designing short and long term work processes, defined structure, secure budget and organize team by recruiting, training and mentoring to provide technical support to government finance team at all levels
Effectively Managed donor relationship by timely reporting, complying to the requirements and reconciling differences
Effectively coordinated AR and GIP management
Coordinated, represented, MOH, in the performance based finance grant/loan from the World bank (IPF) for basic health information system development program from document preparation, budget negotiations, to program implementation and interim report preparation and audit
Deputized, -Ethiopia Finance Director and managed dramatic change process both in the entire office and Finance Division in particular
Major Duties and Responsibilities:
To establish Financial Management and Internal Control Systems for World Vision Ethiopia’s $100 million annual budget
Manage Financial Compliance and Accounts Managers and coordinate Organizational Accounting and Financial Policies and Procedures
Support the Finance Director in strategic alignment and management of resources
To list major responsibilities:
Produce the monthly FFR timely submission to Finance Director and the SLT for analysis, decision making and Post the monthly FFR in Financial Database to insure timely submission and
Ensure compliance with the Financial Manual and
Ensure fixed asset inventory is maintained as current
Manage office liquidity and ensure the monthly consolidated funding request are submitted and acceptable with proper target low
Review all data before posting into General Ledger to assure verifiability of financial documents
Manage the inter-office accounting (PA/SA) and reconciliation process of the same
To ensure System budgets for both National Office and Projects are properly and timely uploaded in SUN System for accurate tracking
Lead and coordinate the production, collection from area & branch offices, review and posting of all projects CPFR in the FFR Database
Ensure that bank reconciliations are timely done, reconciling items cleared and finally posted in the FFR Database
Provide monthly staff advance statements to staff and ensure advances are settled in a timely manner, and started and rolled out use of GEMS
Involve in different audits: statutory, National office, Global, partner
Etc.
Audits and ensure that the accounts and fair and issues are cleared satisfactorily
Make supervisory and back stopping visits to project field sites to ensure financial controls and procedures are in place and staffs are adequately capacitated
Deputize the Finance Director on issues related to compliance with guidelines
Observe and monitor all internal control issues around the financial accounting processes
Lead in the production of the monthly, yearly and interim management and donor required reports
Together with other finance team members, participate in responding to internal audit queries
Capacity building for Finance and None Finance staff in financial management, donor compliance and internal control areas
Work to ensure timely cash availability in all branches, and area offices and manage the banking process
Act as the lead in the production of monthly financial reports ensuring that all the data reflected is accurate and correct
This involves supervising and working closely with all the accountants in the department and reviewing such reports with the Finance director before attaching them on FFR
Involve in budget development process and My-PBAS management
Take a lead on the inter-company Settlement advice especially on fund commitment on PBAS
Based Non Government Organization) as international employee since, in the Republic of South Sudan
As a team Leader, I am responsible for coordination, overall management of three counties support team to implement BSF(USIAD grant), stakeholders/community mobilization, communication with government and donor community
Besides I were involved in various nation building and reconstruction of the country’s development systems as expatriate to transfer skill and capacity building endeavors
As a Deputy Team Leader, I have been responsible for the technical implementation and management of the Umbrella program for BPHS delivery system establishment and strengthening project using PBC(Performance Based Contracting)(The World Bank grant) strategies among others
Major duties and responsibilities as Finance Management Specialist (Manager):
Plan and implement system for financial operation in accordance with the organization’s policies and procedures and donor regulations including cash flow management, budgeting, consolidating accounting information, internal control, financial reporting, financial record keeping, grant management and compliance
Maintain banking relations and plan and monitor cash flow requirement to ensure the smooth implementation of program
Provide monthly standard accounting submit to HQ, national office, including General Ledger files, accountEECMY-DASSC Administration and Finance Director
Working with the system design of new organizations up on their establishments comprising: Accounting and Internal Control manuals, O&M manual, Personnel Administration manual, Salary Scale, Material Administration and Procurement manuals
Starting up new computerized accounting system and maintain database with backups and security for the organization
Exposed to different environment: public, Non-government government (Tax Authorities) and business (Banks, financial institutions, external auditors and insurance companies)
Manage the finance department of the organization and ensure budget monitoring and control
Responsible for preparing and evaluating project’s financial administration and reporting aspects of project proposals and contracts
Receive, review, and comment reports from projects and units and, assess their compliance to respective requirements, advise appropriate steps to improve quality and credibility of the information provided
Prepare report on the situation of the activities to the management, the Director and governing board
Oversee vehicles and assets usage of the commission and ensure that inventories and annual inspections are done properly and timely
Administer service and project contracts with partners and sub grantees
Logistics expert, senior Procurements expert, Procurement division head at Commission for Sustainable Agriculture and environmental rehabilitation of S/N/N/P/R/ state
Administered both domestic and international goods and service contracts for the commission
Developing and implementing materials administration manuals, financial management system and guidelines up on the establishment of the COSEARSAR
Preparing yearly plan of action in relation to material requirement of all construction, logistics, and office running activities with details of timing, quantity, and distribution options
Handling procurement processes from market assessment, tendering, follow-up until delivery and processing due after acquisition procedures: such as, Prepare invitation to bid, Request for quotations, process purchase orders, writing contracts with selected bidders
Discharge all managerial activities of coordinating, planning, monitoring and controlling of the division’s activities
Undertake coordination functions of the department of Materials and logistics administration, and technology choice up on delegation
Preparing tender analysis sheet by developing evaluation criteria considering all technical and financial aspects including after sales services
Have developed extensive price list for locally procured items and list of suppliers for items frequently demanded by our organization: Co-SAERSAR
EECMY, Undertaking all accounting routines: filing
Recording, bookkeeping, and processing practical accounting transactions throughout the cycle
Responsible for timely preparation, audit and sharing of reports
Other Activities:
Working with the system design of new organizations up on their establishments comprising: O&M, Personnel Administration manual, Salary Scale, Material Administration and Procurement manuals, Accounting and Internal Control manuals for : Wondo Trading Company and Ethiopian Interfaith Forum for Development Dialogue & Action
Conduct base line survey for OVC in Gambella region
Participated in terminal Evaluation of 16 institutions in West Ethiopia Co-financed by EED
Participated in need assessment for child development and evaluation of strategies for implementation
INTEREST
Reading, involving in humanitarian and development activities, Social affairs
Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
Set clear departmental objectives and developed effective strategies to achieve targeted goals.
Generated financial and operational reports to assist management with business strategy.
Managed day-to-day operations within 15 person finance department for for USA registered INGO in developing countries.
Assisted with recruiting, interviewing and hiring new department employees.
Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
Forecasted trends and recommended improvements based on financial risk analyses.
Evaluated project applications and verified with outline specifications to approve, reject and recommend adjustments.
Verified compliance of financial policies and accounting procedures against federal regulations.
Partnered with IT and operational leadership to develop financial business plans with detailed benchmarks.
Improved resource utilization with data management systems, reducing costs through strategic coordination and contract analysis.

Summary

Overview

Work History

Director of Finance,

Finance Management Specialist

Deputy Finance Director

Education

Master of Arts - Development Studies

Bachelor of Art - Business Management

Skills

Accomplishments

Certification

Affiliations

Timeline

Director of Finance,

Finance Management Specialist

Deputy Finance Director

Master of Arts - Development Studies

Bachelor of Art - Business Management

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