Chief Financial Officer - NGO

- The Chief Financial Officer will be responsible for overall Strategy and Management of Financial; Accounting; Compliance and other areas.

- S/he will be heading the functions of Finance; Accounting; Governance; Statutory Compliances; Managing the Budgets; Controls; Cash Flow; Fund Management; Investments; Projections; Audits; Adherence to Board / Audit Committee Requirements; Financial well-being; Productivity Management; Performance Management; Annual Budgets and Controls; Annual Statutory and Internal Audits; Process Audits; Financial Projections and People Management etc.

- S/he will be a senior member of the Management and work very closely with all Leadership Team Members and Board Members in ensuring financial discipline and governance for the Foundation.

BUDGETING & FINANCIAL PLANNING & ANALYSIS (FPA) :

- Formulating budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions and cost controls.

- Establishing a strategic cost management system for monitoring various overheads and devising product costing techniques.

- Generating various MIS reports & monitoring movement of key business indicators viz. Debtors Control & Fund Flow Management, costs & inventory management to facilitate the decision-making process.

- Financial planning & analysis, Budgeting & Finance control: Create, coordinate, and evaluate the financial programs of the foundation and implement sound financial planning, budgeting, tax planning, and asset management practices.

- Formulating Annual Budgets (Operating and Capex) across the LLF Programs.

- Review on a periodic basis financial performance and provide Forecast for the year; Provide scenario analysis for various options / strategies provided by management.

- Developing mitigation strategy of projects risk through project short term & long-term liquidity requirements.

FUND MANAGEMENT & FINANCIAL ACCOUNTING :

- Screening new projects from pre-sanctioned stage and conducting feasibility studies to determine the financial viability of new ventures, projecting cash flow and growth opportunities.

- Liaising with financial institutions and Banks for raising fund and non-fund-based facilities at favorable terms to meet working capital & term loan requirements for the projects. Dealing with banks on pre and post sanction formalities and routine matters based on Organizational needs.

- Capital expenditure plan and analyzing the variance, if any.

- Fund position on a regular basis to ensure proper and effective utilization of available resources to maximize returns.

- Directly over-arching management of working capital & project capital ,keeping in mind requirements of various stakeholders in the foundation.

- Preparation of Financial Modeling, Project Reports for new projects & Expansions, Manage all activities connected to funding tie-up & financial closure, up to disbursement.

- Liaison with regulatory authorities for sanctions & approval.

- Cash Credit limit operations for Stock and Book Debts, Drawing power adjustments, if any.

- Monitoring sanctions and disbursement of non-fund-based limits like LCs, BGs etc., Medium-and long-term loan operations, Re-schedule Plans and Loan Disbursements.

- Designing and implementing systems & procedures; supervising the consolidation of group accounts and financial statements as per Indian standards.

- Analyzing Financial Statements, viz. Ratio Analysis, Fund Flow and Cash Flow Statement; involved in Inventory Control, Stock Aging Analysis and Store Accounting.

- Compliance of the Accounting Standards applicable to Foundation & Trusts and Finalization of accounts in accordance with Indian GAAP, US GAAP and IFRS.

- Leadership in closure of month, quarter and year end accounting and limited reviews.

AUDIT MANAGEMENT :

- Performing analytical review of financial statements and evaluation of internal control systems for carrying out internal audits.

- Ensuring maintenance of proper records as per the requirements for audit and finalization of accounts within time bound schedules.

- Providing relevant data as required by the concerned auditors.

- Oversee Statutory and Internal audit obligations. Interface and address Audit Committees and Board requirements accordingly.

- Leading the team for completion of Audit of all accounts and ensures that accounts are audited and signed within first month following closure of books.

- Coordinating the internal audits and assisting Management in review of internal audit reports.

- Assisting the Management in review of statutory accounts.

- Liasoning with statutory/ internal auditors for timely completion of audits, reviews, review and implementation of audit observations.

COSTING & MANAGEMENT ACCOUNTING :

- Compiling and preparing cost and performance reports as per cost accounting records rule (CARR), cost benefit analysis and critical analysis of cost reports, inventory management.

- Maintenance of all costing records as may be appliable to each Program including cost per child; etc.

- CostControlthroughBudgetarycontrol,Standardcostingandvarianceanalysis.

- Designing the advanced costing techniques like Activity Based Costing, Target Costing,

- Developing the cost centers and analysis of the expenditure cost center wise.

- Designing and execution of profit protection process in conjunction with cost reduction activity.

SYSTEMS DEVELOPMENT & STRATEGIC :

PARTNERSHIP :

- Preparation of Income & Expenditure Review for Management on a monthly, quarterly and annual basis.

- Presentation of Strategic business review on monthly, quarterly to the Management & Board.

- Assist the Management in decision making process involving financial implications or otherwise.

- Develop strong business relationships with the business partners and other key players to obtain insights into business needs.

- Assess and develop alternative strategies to minimize overall Foundation Tax and cost saving opportunities.

- Advice on hedging strategies for Forex, optimal cash management investment of surplus funds.

- Representation / co-ordination with tax departments, banks, auditors, insurance companies etc.

- InterfacewithotherNGOsonfinancerelatedmatters.Representthefoundation externally to government agencies, funding agencies, and the general public, as and when required and authorized.

- Conceptualize, create and implement a strong risk management function and culture within the foundation.

- Serve on planning and policy-making committees

- Studying and analyzing the processes and developing new systems commensurate with the requirements.

- Implementing new procedures and systems resulting in increase of income of the foundation and reduction in operational expenses.