Head - Finance

Job Summary

We are hiring a Finance Head for our partner organization. The role involves overseeing financial activities, budgeting, forecasting, and risk management while reporting directly to the Executive Director.

Responsibilities:

Financial Planning, reporting, and analysis

Strategic financial planning and advising senior management.

Support in the preparation of budgets, forecasts, and insightful management reports.

 Analysis of the financial information and providing accurate and timely reports to the management to enable decision-making.

Perform analysis of budget Vs actuals for revenue, expenses, and cash flows and recommend strategies to maintain a healthy financial position.

Review and analyze payroll-related financial reports, ensuring accuracy and completeness, and provide insights into financial reports related to payroll costs for decision-making purposes.

Provide financial guidance on the cost implications of various benefit programs.

Financial Accounting

Overseeing the entire finance department and financial operations including its accounting practices, day-to-day functions of booking keeping, maintenance of corporate documents, and management of invoices, costs, payables, and cash flow.

Developing financial policies, procedures, and internal control mechanisms.

Ensuring adherence to accounting standards and best practices.
Managing relationships with statutory and internal auditors and ensuring that the audit process is conducted effectively.

Ensure that there is an efficient document management system.

Implement accounting software and tools required for the finance and accounting operations.

Donor Management

Building and maintaining relationships with donors and funding agencies.

Ensure Donor Reports are accurate and submitted on time.

Ensure that the commitments from the donors are tracked and follow-ups for the receipt of donor commitments are done.

Assist in providing relevant financial information to the Fund Raise team for preparation of proposals.

Governance

Support in developing governance policies and procedures like Conflict of Interest, Board meetings (frequency, quorum etc.), Fund Raising Practices, POSH policies etc.

Risk Management: Implement risk management framework to ensure the effective management of the risks.

Compliance

Ensure regulatory, contractual, and internal compliances regarding all finance, accounting, tax (Income tax and GST), RBI/FCRA, internal constitutions (including trust deeds).

Ensure that the funds received from foreign donors follow the FCRA regulations and its usage is also in compliance with FCRA. Ensure accurate and timely filing of Annual Returns.

Ensure renewal of required registrations (FCRA/12A/80G etc.) as required under applicable laws.

Ensure that the Legal Agreements /Contracts (HR, Rental, others) are drafted as per the agreed terms & conditions.

Work closely with HR to manage the financial aspects of employee benefits and deductions, ensuring accurate accounting and reporting.

As our ideal candidate, you will have:

BCom/MCom in Accounting and Finance with 8+ years experience in a finance and accounting position. Professional certification like MBA is an added advantage. 

Experience in not-for-profit space is preferred.

Genuine passion for and commitment to the organizations mission and values.

Commitment to upholding highest ethical standards and maintaining financial transparency.

A proactive and creative approach to identifying and solving financial challenges.

Solid understanding of financial management and accounting

Knowledge of accounting software and tools

Strong analytical quantitative skills and negotiation skills.

Effective leadership skills to manage finance team and collaborate with other departments

Strong and decisive judgement.