The Role
Lead nonprofit financial strategy and operations: budgeting, forecasting, reporting, treasury, tax, audits, and compliance. Oversee day-to-day finance functions, financial systems, bank relationships, and mentor the finance team while advising executive leadership.
Summary Generated by Built In
Position Summary: The Director of Finance role oversees financial planning, management, and reporting. This role is critical for ensuring the financial health and sustainability of the organization. The Director of Finance will collaborate with senior leadership to drive strategic financial decisions, manage budgets, and ensure compliance with financial regulations. This position requires strong analytical skills, leadership abilities, and a deep understanding of non-profit financial management.
Strategic Financial Leadership
Develop and implement financial strategies to support the organization’s mission and goals.
Lead the annual budgeting process, including long-term financial planning and forecasting.
Approve credit and investment proposals as well as investment strategies in alignment with organizational objectives.
Provide strategic financial insights and recommendations to the executive team.
Financial Operations
Oversee day-to-day financial operations, including accounts payable, accounts receivable, payroll, and cash management.
Ensure efficient and effective financial operations, including procurement and asset management.
Manage banking relationships to optimize financial services.
Maintain financial systems and software for efficient and organized financial operations.
Budget Development and Management
Develop and manage the annual budgeting process, aligning financial strategies with organizational goals.
Prepare financial forecasts, projections, and models to support effective decision-making.
Conduct thorough variance analysis, providing actionable insights on financial performance.
Financial Reporting and Compliance
Oversee the preparation of monthly, quarterly, and annual financial reports.
Ensure timely and accurate financial reporting to management, donors, and regulatory bodies.
Monitor financial performance and analyze variances to ensure fiscal responsibility and alignment with budgets.
Financial Statement Preparation
Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
Ensure compliance with relevant accounting standards, regulations, and tax laws.
Perform indirect cost reporting to management.
Tax, Treasury, and Compliance
Manage tax-related matters, treasury functions, and ensure regulatory compliance.
Coordinate and support external audits and financial reviews to maintain transparency and accuracy.
Monitor and control expenses, aligning financial activities with approved budgets.
Requirements
Technical Competencies
Financial Strategy Development:
Strategic Financial Planning: Expertise in developing and implementing financial strategies that align with the organization's mission and long-term goals.
Budgeting Expertise: Advanced knowledge of leading the annual budgeting process, including long-term financial planning, forecasting, and variance analysis.
Financial Operations Management:
Financial Operations Oversight: Proficiency in overseeing day-to-day financial operations, including accounts payable, accounts receivable, payroll, and cash management.
Procurement and Asset Management: Ability to ensure efficient financial operations by managing procurement processes and overseeing asset management.
Banking Relationship Management: Skilled in managing banking relationships to optimize financial services for the organization.
Financial Reporting and Compliance:
Financial Reporting Accuracy: Strong ability to prepare accurate and timely financial reports for management, donors, and regulatory bodies.
Compliance Management: Deep understanding of financial regulations and compliance requirements, ensuring adherence to accounting standards, tax laws, and organizational policies.
Audit Coordination: Experience in coordinating and supporting external audits to maintain financial transparency and accuracy.
Financial Statement Preparation:
Statement Preparation: Expertise in preparing financial statements, including income statements, balance sheets, and cash flow statements, ensuring compliance with accounting standards.
Variance Analysis: Proficient in conducting variance analysis and providing actionable insights to guide financial decision-making.
Budget Development and Management:
Budget Alignment: Strong ability to align the budgeting process with organizational goals, ensuring financial strategies support the mission.
Financial Modeling: Advanced skills in preparing financial forecasts, projections, and models to support strategic decision-making.
Tax, Treasury, and Regulatory Compliance:
Tax Management: Knowledgeable in managing tax-related matters and treasury functions, ensuring regulatory compliance.
Expense Monitoring: Ability to monitor and control expenses, ensuring alignment with approved budgets and fiscal responsibility.
Leadership and Collaboration:
Team Leadership: Strong leadership abilities to guide and mentor the finance team, fostering a collaborative and high-performance environment.
Cross-functional Collaboration: Ability to collaborate effectively with senior leadership and other departments to drive strategic financial decisions.
Education and Experience
- Master's degree in Business Administration, Finance, Accounting, or a related field.
- Professional certification such as CPA, CFA, or ACCA is preferred.
- Minimum 10-15 years of experience in finance or accounting, with at least 5 years in a senior management role.
Skills Required
- Master's degree in Business Administration, Finance, Accounting, or related field
- Minimum 10-15 years of experience in finance or accounting
- At least 5 years in a senior management role
- Deep understanding of nonprofit financial management
- Experience leading annual budgeting, forecasting, and variance analysis
- Experience overseeing accounts payable, accounts receivable, payroll, cash management, procurement, and asset management
- Experience preparing financial statements and coordinating external audits
- Professional certification such as CPA, CFA, or ACCA
- Leadership experience mentoring finance teams and collaborating with senior leadership
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The Company
What We Do
Teach the World Foundation is a nonprofit organization dedicated to solving the global illiteracy crisis. It establishes and deploys scalable models of literacy and learning by leveraging digital technology, providing interactive education games via tablets and smartphones to out-of-school children in resource-constrained regions such as Pakistan, Bangladesh, and Malawi.
