Senior Finance Manager

About Foundation for Excellence (FFE)

Foundation For Excellence Inc. (FFE)

28,000 scholarships

Website:

Position Overview

We are seeking a dynamic and experienced Senior Manager Finance

Location:

Employment Type:

Key Responsibilities

Financial Strategy & Planning

·      Develop and implement comprehensive financial strategies aligned with FFE’s mission to maximize scholarship disbursements and program impact.

·      Lead annual budgeting, forecasting, and multi-year financial planning processes, including scenario modeling for donor funding and program expansion.

·      Monitor financial performance, analyze variances, and provide actionable insights to the leadership team and Board.

Financial Operations & Reporting

·      Oversee day-to-day accounting operations, including accounts payable/receivable, payroll, banking, and cash flow management.

·      Prepare accurate financial statements, management reports, and dashboards in compliance with Accounting Standards and nonprofit regulations.

·      Manage grant accounting, ensuring accurate tracking and reporting of restricted/unrestricted funds from global donors.

Compliance, Audit & Risk Management

·      Ensure full compliance with FCRA (Foreign Contribution Regulation Act), Income Tax Act, GST, and other applicable laws in the U.S. and India.

·      Work closely with the Statutory auditor to coordinate and ensure annual ITR (including FCRA) returns are filed in time,

·      Coordinate internal and external audits, including preparation for annual ITR filings, and donor-specific audits.

·      Implement robust internal controls, risk assessment frameworks, and policies to safeguard assets and mitigate financial risks.

Fundraising & Donor Management

·      Collaborate with the donor team to support fundraising efforts by providing financial projections, cost analyses, and impact reports for donor proposals.

·      Manage donor-restricted funds, ensuring transparency and accountability in reporting to individual donors, corporations, and foundations.

·      Optimize treasury management, including foreign exchange, investments, and liquidity to support timely scholarship disbursements.

Team Leadership & Systems

·      Lead a high-performing finance team (3-5 members), helping in professional development and a culture of excellence.

·      Implement and maintain financial software & ERP (Salesforce, QuickBooks, Tally, or similar) for efficient operations and real-time reporting.

·      Drive process improvements, automation, and technology adoption to enhance efficiency and scalability.

Stakeholder Engagement

·      Present financial updates, budgets, and strategic recommendations to the Board of Trustees during quarterly meetings.

·      Liaise with banks, auditors, legal advisors, and government authorities as needed to ensure seamless operations.

·      Support impact measurement by integrating financial data with program outcomes for annual reports and donor communications.

Qualifications & Experience

Required

·      Experience:

Technical Expertise:

• ·      

  Education:

  Bachelor’s degree in Commerce, Finance, Accounting, or related field; MBA or Postgraduate Diploma in Finance preferred.