1. Job Purpose: The Finance Audit Specialist is a critical leadership role responsible for the overall
financial management, reporting, and control functions of the International Solar
Alliance (ISA). This position requires a highly skilled finance professional with
experience in establishing robust financial audit systems, implementing world
class financial systems, and ensuring compliance with international accounting
standards and relevant regulatory requirements. The Finance Audit Specialist will
safeguard ISA's financial assets, provide strategic financial guidance to senior
management, and contribute to the organization's mission of promoting solar
energy deployment globally. This individual will be instrumental in building and
maintaining the financial integrity and transparency of the ISA, thereby fostering
trust among member countries and stakeholders.
2. Key Responsibilities and Accountabilities:
• Financial Leadership and Strategy:
- Develop and implement the ISA's financial and audit strategy in
alignment with the organization's overall strategic objectives.
- Provide strategic financial advice and guidance to the COO and or
the Director -General on financial planning, resource allocation, and
ISA’s Financial investment decisions.
- Monitor financial performance against budgets and strategic plans,
identifying and addressing potential risks and opportunities.
• Financial Audit
System Development & Implementation:
o Establish a Comprehensive Audit Framework:
Design and
implement a robust internal audit framework and policies aligned
with international best practices (e.g., COSO framework, Institute of
Internal Auditors standards).
- Risk -Based Audit Planning: Conduct regular risk assessments to
identify key areas of financial risk and develop a risk -based audit plan
that prioritizes high -risk areas.
- Audit Execution and Reporting: Conduct independent internal
audits of financial transactions, processes, and systems to assess
compliance with policies, procedures, and regulatory requirements.
Prepare clear and concise audit reports with findings,
recommendations, and action plans.
- Follow -Up and Remediation: Monitor the implementation of audit
recommendations and track progress in addressing identified
deficiencies.
- Continuous Improvement: Regularly review and update the
internal audit framework and processes to ensure they remain
effective and aligned with evolving business needs and regulatory
requirements.
• World -Class Financial Systems Implementation & Management:
- Financial System Evaluation and Selection: Lead the evaluation,
selection, and implementation of an integrated, world -class
financial management system (e.g., SAP, Oracle, Microsoft
Dynamics) that meets ISA's current and future needs.
- System Configuration and Customization: Work with IT and
external consultants to configure and customize the financial
system to align with ISA's specific requirements and accounting
practices.
- Data Migration and Integration: Oversee the migration of financial
data from legacy systems to the new financial system, ensuring data
accuracy and integrity. Integrate the financial system with other
relevant systems (e.g., grants management, project management) to
streamline processes and improve data visibility.
- System Training and Support: Develop and deliver comprehensive
training programs for finance staff and other users on the new
financial system. Provide ongoing support and troubleshooting
assistance.
- System Maintenance and Upgrades: Manage the ongoing
maintenance and upgrades of the financial system, ensuring it
remains secure, reliable, and up -to -date with the latest technology.
• Treasury and Cash Management:
- Manage ISA's cash flow and investments, ensuring optimal liquidity
and returns while minimizing risk.
- Establish and maintain banking relationships, negotiating favorable
terms and conditions.
- Monitor foreign exchange exposures and implement hedging
strategies as needed.
• Compliance and Risk Management:
- Ensure compliance with all relevant laws, regulations, and
accounting standards.
- Develop and maintain internal controls to safeguard ISA's financial
assets and prevent fraud.
- Conduct regular risk assessments to identify and mitigate financial
risks.
Establish and maintain a robust system of internal controls to
safeguard ISA’s assets and ensure the accuracy and reliability of
financial reporting.
• Financial Accounting and Reporting:
- Oversee (from an audit perspective) all aspects of financial
accounting, including general ledger maintenance, accounts
payable and receivable, and fixed asset management.
- Ensure the accurate and timely preparation of financial statements
in accordance with International Financial Reporting Standards
(IFRS) or other relevant international accounting standards.
- Prepare and present financial audit reports to the ISA Assembly,
committees, and other stakeholders, providing clear and concise
explanations of financial performance.
- Manage the annual audit process, liaising with external auditors and
ensuring the timely completion of audit recommendations.
• Budgeting and Forecasting:
- Support the COO with the annual budgeting process, working
collaboratively with departments to develop realistic and achievable
budgets.
- Develop and maintain financial forecasting models to project future
financial performance and support strategic decision -making.
- Monitor budget performance throughout the year, identifying and
addressing variances and implementing corrective actions as
needed.
• Grants and Project Financial Management:
- Establish and maintain robust financial controls for grants and
project funding, ensuring compliance with donor requirements.
- Monitor project expenditures and ensure that funds are used for their
intended purposes.
- Prepare financial reports for donors and other funding agencies.
• Team Management and Development:
- Lead, mentor, and develop a high -performing finance team, fostering
a culture of collaboration, accountability, and continuous
improvement.
- Conduct performance evaluations, provide feedback, and identify
opportunities for professional development.
- Ensure that the finance team has the skills and resources needed to
effectively perform their duties.
• Stakeholder Relations:
- Build and maintain effective relationships with relevant stakeholder
groups, including (but not limited to) personnel responsible for
Voluntary Contribution, donors, partners, and financial institutions.
- As required and when directed, represent ISA in financial matters at
international forums and conferences.
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