Accounts and Finance Head

Location:

Reporting to:

About the Role:

The Finance Head will be responsible for leading the financial strategy, planning, and operations of the organization, ensuring financial sustainability, compliance, and efficiency. The role will focus on financial management, reporting, donor/grant oversight, internal controls, risk management, team leadership, and strategic support. The Finance Head will work closely with the senior leadership team to drive the organization’s financial health and mission forward.

Key Responsibilities:

1. Financial Management & Planning:

• Lead the development and execution of the organization’s financial strategy, ensuring alignment with the overall mission and long-term goals.
• Oversee the preparation and management of organizational and donor budgets, including long-term financial planning, forecasting, and resource allocation.
• Ensure efficient resource allocation in accordance with program priorities, donor restrictions, and organizational objectives.
• Implement and maintain robust financial management policies and procedures to ensure transparency and accountability in all financial transactions.

2. Financial Reporting & Compliance:

• Prepare monthly, quarterly, and annual financial reports for management, the Board, and key stakeholders, ensuring timeliness and accuracy.
• Ensure all financial reporting complies with statutory laws, regulations, and donor requirements.
• Provide monthly financial statements, including budget variance reports and cash flow statements to the senior leadership team and Board.
• Oversee the audit process, working closely with external auditors to ensure timely completion and resolution of findings.

3. Donor & Grant Management:

• Oversee financial tracking and reporting for restricted and unrestricted funds, ensuring compliance with donor agreements.
• Lead the preparation of financial reports and statements for funding agencies, ensuring alignment with donor requirements and project goals.
• Provide financial data and projections to support fundraising and grant writing efforts.

4. Internal Controls & Risk Management:

• Establish and maintain internal control systems to safeguard the organization’s financial assets and ensure accurate reporting.
• Oversee the implementation of risk management strategies to identify and mitigate financial risks.
• Monitor and manage cash flow to ensure the organization’s financial stability.
• Ensure all financial transactions are documented and adhere to audit trails.

5. Team Leadership & Capacity Building:

• Lead, manage, and mentor the finance team, fostering a culture of professional growth, competence, and teamwork.
• Oversee the recruitment, training, and performance management of finance staff.
• Provide financial leadership to non-finance staff to enhance their understanding of financial principles and budget management.

6. Strategic & Operational Support:

• Collaborate with the senior leadership team to provide financial insights and recommendations to support organizational strategy and decision-making.
• Participate in the development of strategic initiatives, ensuring financial sustainability.
• Monitor the financial performance of projects and programs, recommending cost control and resource optimization strategies.

7. Financial Systems & Process Improvement:

• Review and improve financial systems, processes, and tools to enhance efficiency and data integrity.
• Work with IT teams to implement and enhance financial software/ERP systems.
• Ensure secure storage and easy access to financial data for reporting and auditing purposes.

Qualifications:

• Master’s degree in Finance, Accounting, Business Administration, or a related field.
• Minimum 8+ years of experience in financial management, preferably within the non-profit sector.
• In-depth knowledge of financial planning, reporting, compliance, and donor requirements.
• Strong understanding of financial systems and internal control frameworks.
• Proven track record in team leadership and capacity building.

Skills and Competencies:

• Strong analytical and problem-solving skills.
• High attention to detail and accuracy in financial reporting.
• Excellent leadership and interpersonal skills.
• Ability to work collaboratively with diverse teams and stakeholders.
• Strong understanding of nonprofit financial management and compliance requirements.

Personal Attributes:

• Strong organizational skills and the ability to manage multiple priorities.
• Proactive, adaptable, and solution-oriented mindset.
• Passionate about financial sustainability and nonprofit development.
• High level of integrity, transparency, and accountability.

How to Apply:

Send your CV and portfolio to HR@ashrayfoundation.org