The Lagos State Employment Trust Fund (LSETF) established by The Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State, to tackle unemployment through job and wealth creation is looking for Finance Officer who will offer financial oversight and support for the Employability Support Project, ensuring that all financial transactions, budgets, and reports are consistent with the project’s objectives, donor rules, and organizational standards
Read further to learn more about the eligibility criteria, responsibilities and how to apply for this job.
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Summary of Finance Officer at Lagos State Employment Trust Fund
| Company | Lagos State Employment Trust Fund |
| Category | Job |
| Employment Type | Full time |
| Location | Lagos |
| Job title: | Finance Officer |
| Deadline | Not stated |
About Lagos State Employment Trust Fund
The Lagos State Employment Trust Fund (LSETF) was formed by the Lagos State Employment Trust Fund Law 2016 to give financial assistance to Lagos State people and to combat unemployment through job and wealth development.
The Fund will begin operations with an initial capital of N25 billion donated by the Lagos State Government over four years, but it will also seek additional contributions from donor partners, development agencies, business groups, and individuals.
Job Role
- To offer financial oversight and support for the Employability Support Project, ensuring that all financial transactions, budgets, and reports are consistent with the project’s objectives, donor rules, and organizational standards.
- The role will be responsible for ensuring accurate financial reporting, expense monitoring, and cost controls, as well as supporting audit and compliance processes.
Duties and Responsibilities
Budgeting and Financial Planning:
- Assist in generating and maintaining the project budget, ensuring that it is in line with program milestones and schedules.
- Contribute to the project’s annual and quarterly financial estimates.
- Monitor project spending against approved budgets and give variation analysis with actionable results.
Financial Reporting:
- Create and submit monthly, quarterly, and annual financial reports for the project, including budget performance reports.
- Variance analysis and financial dashboards.
- Financial reports for stakeholders and donors relevant to each project.
- Reconcile project accounting, ensuring that all transactions are correct, auditable, and in accordance with applicable standards.
- Ensure that all financial records are properly documented and filed to promote transparency and audit preparedness.
Expense Monitoring and Cash Control:
- Maintain financial security and control procedures to ensure correct tracking of project expenses.
- Manage partner financial reporting and spending (e.g., training partners, job fair vendors, screening partners).
- Ensure that payments are processed on schedule for project partners, vendors, and service providers.
- Monitor financial flow to ensure appropriate funds are available for project activities.
Compliance and audits:
- Maintain full compliance with organizational, donor, and statutory financial policies throughout the project lifetime, including the Lagos State Procurement Law and GIZ processes and rules.
- Assist internal and external audits by preparing reports, reconciliations, and supporting documents.
- Ensure tax compliance, including withholding taxes on payments to partners and vendors.
Support to Project Implementation:
- Collaborate with the Project Team to monitor financial KPIs and provide resources to meet goals like 1,350 trainee certifications.
- Placement of 1,050 trainees.
- Organizing one job fair and industry interaction events.
- Collaborate with procurement officers to ensure that procurement activities are in line with financial processes.
- Collaborate closely with the GIZ Finance and Procurement departments to guarantee proper and timely processing and documentation between vendors, training partners, and external contractors, as well as LSETF and GIZ.
Qualifications & Experience for Finance Officer at Lagos State Employment Trust Fund
- A first degree or higher national diploma certificate (minimum lower credit) in finance, accounting, or a comparable area from a recognized higher education institution.
- A minimum of four years of relevant experience in similar functions.
- Professional certification or progress toward certification will be an added benefit.
- Experience in non-profit, social impact, development finance, and program management is necessary.
- The NYSC discharge certificate is required.
Key competencies:
- Knowledge, Skills, and Abilities Required for the Position:
- Financial Management Skills
- Budget Planning and Monitoring Expertise
- Understanding of accounting principles and reporting standards
- Proficiency with financial software and Microsoft Excel
- Attention to Detail and Audit Preparedness
- Organizational and Planning Skills
- Excellent communication and reporting abilities.
- Analytical and problem-solving skills.
How to Apply for Finance Officer at Lagos State Employment Trust Fund
If you are interested and qualified for this job role, kindly send your CV to: careers@lsetf.ng ensuring you make use of the Job title as the subject of the mail.