The ELMA Philanthropies: Financial Analyst

The ELMA Philanthropies
Please note: this opportunity closing date has passed and may not be available any more.
Opportunity closing date: 
Friday, 6 September, 2013
Opportunity type: 

The ELMA Philanthropies Services develops programme strategies, identifies and explores grant-investing opportunities, monitors grant performance, and establishes philanthropic relationships for the ELMA Group of Foundations. The ELMA Group of Foundations invests in cost-effective and well-managed programmes and organisations that demonstrate potential for a high social return in the key focus areas of each Foundation. The ELMA Philanthropies carefully analyses investment opportunities from both a programmatic and financial perspective, weighing the potential for scale and impact against associated risks and concerns. Additionally, ELMA actively monitors the performance of its grant investments, and engages with the grantee, other funders, government officials, and other stakeholders to ensure maximum social value is realised from individual investments and the portfolio in its entirety. By deepening its engagement beyond financial support, ELMA aims to improve the lives of vulnerable African children and youth through support of programs that are transformative, sustainable and scalable.

The ELMA Group of Foundations includes: the ELMA Foundation, the ELMA Relief Foundation, the ELMA Growth Foundation, the ELMA South Africa Foundation, the ELMA Music Foundation, and the ELMA Vaccines and Immunisation. The main foundation is the ELMA Foundation, whose mission is to improve the lives of African children and youth through support of sustainable efforts to relieve poverty, advance education, and promote health. It is currently active in fifteen countries across east and Southern Africa and is among the leading grant makers active on the continent. In East Africa, the ELMA Foundation targets Ethiopia, Kenya, Rwanda, Tanzania, and Uganda. In Southern Africa, the ELMA Foundation targets Angola, Botswana, Lesotho, Malawi, Mozambique, Namibia, South Africa, Swaziland, Zambia, and Zimbabwe. The ELMA Philanthropies has offices in New York City, USA; Cape Town, South Africa; and East Africa.
Financial Analyst, Southern Africa

We seek to appoint a Financial Analyst to join our dynamic and growing team, based in our offices in Cape Town. The Financial Analyst will report to the Financial Manager and work closely with the Programme Transaction Team.

The Financial Analyst’s responsibilities will be to:

  • Provide analytical support services to Programme Managers and Assistant Programme Managers with the support of the Financial Manager;
  • Have the ability to conduct thorough due diligence including analysis of proposal budgets, work plans, financial statements, control environments, organisational strengths and weaknesses and identifying relevant risk factors;
  • Develop, write, and present budget, grant structuring and investment recommendations with the support of the Financial Manager;
  • Analyse budget to actual spend comparisons and variance analysis including foreign exchange calculations;
  • Develop understanding of the compliance environments for nonprofits in the various African countries ELMA works in;
  • Assist in managing relevant aspect of grants administration, including preparation, review and maintenance of grant financial reports and documents;
  • Monitor the financial management of grantee programmes;
  • Preparing or reviewing contracting information packs for approved recommendations.

Requirements for this position:

  • Bachelor’s degree with a postgraduate qualification in finance, accounting or economics;
  • One years’ experience as an analyst in finance, economics, accounting, education, health or humanitarian programmes in Southern Africa;
  • Ability to source, synthesise, and effectively present information, data and budgets;
  • Excellent Microsoft Excel skills and ability to analyse and present budgets and financial data in a highly organised manner;
  • Excellent analytical skills and ability to write effectively in English;
  • Quick learner and self-starter with ability to take initiative and work in a start-up and team oriented environment;
  • Strong work ethic and ability to prioritise, multi-task and meet deadlines;
  • Ability to engage with grantees and senior personnel;
  • Excellent relationship-building skills and ability to collaborate with internal teams as well as with external stakeholders and partners;
  • Excellent organisational and time management skills;
  • Conduct field visits, track programme and grant effectiveness;
  • Highly motivated and willing to work non-traditional hours and travel locally and internationally as needed;
  • A valid passport and driver's licence;
  • South African citizen or legal authorisation to work in South Africa.


Commensurate with experience and qualifications

How to Apply:

If you meet the above requirements and feel equipped for this challenging position, please submit your CV, a cover letter and details of three contactable referees in confidence to by 6 September 2013.

For more about ELMA Philanthropies Services (Africa), refer to

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