The Role
Lead financial planning, budgeting, reporting, and compliance for a nonprofit. Oversee day-to-day finance operations, treasury, tax, audits, financial modeling, and provide strategic financial guidance to executive leadership while managing the finance team and banking/ procurement relationships.
Summary Generated by Built In
Position Summary
The Head of Finance role oversees financial
planning, management, and reporting. This role is critical for ensuring the
financial health and sustainability of the organization. The Head 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
& 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.
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.
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.
Requirements
Education: Professional
certification such as CPA, CFA, or ACCA. Master’s degree in Business
Administration, Finance, Accounting, or a related field is preferred.
Experience: Minimum 10-15 years of
experience in finance or accounting, with at least 5 years in a senior
management role.
Behavioral Competencies: Respect
& Dignity, Integrity, Operational
Excellence, Passion
for change, Teamwork
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 & 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.
Skills Required
- Professional certification (CPA, CFA, or ACCA)
- Master's degree in Business Administration, Finance, Accounting, or related
- Minimum 10-15 years of experience in finance or accounting
- At least 5 years in a senior management role
- Deep understanding of non-profit financial management
- Expertise in budgeting, forecasting, and variance analysis
- Experience overseeing financial operations (accounts payable, accounts receivable, payroll, cash management)
- Experience with financial reporting for management, donors, and regulators, and audit coordination
- Ability to prepare financial statements and financial models
- Knowledge of tax, treasury functions, and regulatory compliance
- Leadership skills to manage and mentor a finance team
- Experience managing banking relationships, procurement, and asset management
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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.
