Overview
Financial Strategy & Leadership:
– Develop and implement financial strategies that align with the organization’s mission and strategic goals.
– Lead the annual budgeting process, working with all concerned to develop comprehensive and realistic budgets.
– Monitor organizational cash flow and financial forecasts, advising on optimal resource allocation.
– Oversee treasury functions and investment policies.
– Risk Management, Insurance, Continuous Improvement.
Accounting Operations & Reporting:
– Oversee all accounting functions, including accounts payable, accounts receivable, payroll, general ledger, and bank reconciliations.
– Ensure accurate and timely financial reporting, including monthly, quarterly, and annual financial statements for internal and external stakeholders (e.g., funders, Board).
– Prepare and analyse financial reports, providing insights into organizational performance, trends, and variances.
– Maintain the integrity of the general ledger and all financial records.
– Work to automate / simplify / strengthen accounting / financial processes.
– Payroll management.
Grant Management:
– Manage financial aspects of grants / Donations, ensuring compliance with donor requirements and grant agreements.
– Oversee grant reporting, including financial reconciliation and submission of required documentation.
– Asset management in relation to grants.
– Timely processes of accurate Utilization Reports to donors / grantors.
Compliance & Audit:
– Ensure compliance with all applicable financial regulations and non-profit accounting standards.
– Lead and manage the annual financial audit process, serving as the primary liaison with external auditors.
– Develop, implement, and maintain strong internal controls to safeguard organizational assets and ensure financial accuracy.
– Manage and file all required tax returns / forms, regulatory reports etc. (GST / Income Tax / PF / etc.)
– Compliance of provisions of FCRA and related regulations, filings, reporting etc.
Budgeting & Forecasting:
– Preparations / revisions of annual budgets across the organization.
– Facilitate the development and monitoring of departmental and organizational budgets.
– Provide regular budget-to-actual analysis and identify areas for improvement.
Team Management & Development:
– Lead, mentor, and develop a high-performing team.
– Foster a culture of accuracy, compliance, and continuous improvement within the finance department.
Other Duties:
– Manage relationships with banks, financial institutions, and investment advisors.
– Participate in relevant Board or other meetings.
– Assist with special financial projects and initiatives as assigned.