Magic Bus - Chief Financial Officer

Magic Bus India Foundation

Magic Bus India Foundation, founded in 1999 by Matthew Spacie, stands among the top five NGOs in India dedicated to education and skill development. Our organisation equips adolescents and young individuals with essential life skills and knowledge to thrive during the transition from childhood to livelihood.

Our mission is to create a world where young people break free from poverty, leading fulfilling and rewarding lives while making positive contributions to their communities. We achieve this by enabling adolescents to complete their secondary education, providing them with the necessary skills for employment, and connecting them to job market opportunities. Our target age group ranges from 12 to 24 years.

We operate two flagship programs: the Adolescent Programme and the Livelihood Programme.

1. In our Adolescent Programme, we prioritise the instillation of life skills and the enhancement of education. Through our network of 2,770 connected schools operating in 72 districts across 24 states, we have positively impacted the lives of over 1 million adolescents, with an impressive 51% participation rate of girls.

2. The Livelihood Programme focuses on enhancing employability by providing specialised skills training and connecting young individuals to sustainable livelihood opportunities. Through our 95 Livelihood Centres and 825 Colleges, we offer sector-specific training, job placements, and post-placement support. This programme, operational in 13 states, has achieved an impressive 56% participation rate among girls and has successfully facilitated the placement of 2,02,429 youths to date.

Location : Airoli

Role:

- Role incumbent shall lead the Finance/Accounts and legal function

- Strategic alignment of finance function in line with organizational objectives

- Finalization of accounts

- Timely and accurate donor reporting

- Financial analytics and budgeting

- Cash flow management

- Systems development and automation of processes

Specific Responsibilities:

Management:

- Play the role of a Business Manager providing direction in matters relating to strategies, long range planning, budget, headcount, etc

- Planning for infrastructure in line with envisaged organizational growth

- Execution of projects - space, equipment, systems, etc.

- Develop policies (like travel, entertainment, information security)

- Contract negotiations

- Business Continuity Management

- As a part of the Executive Team, facilitate strategic assistance to the CEO

- Mentor and assist team members with career planning

- Manage performance by establishing and reviewing objectives on a regular basis

Finance:

- Advise on all finance -related matters

- Financial reporting - monthly, quarterly and annual accounts, Budget preparation, Variance reporting

- Proactive solutions for cost management

- Taxation, Government and statutory reporting

- Working Capital Management: includes cash, receivables & cash flow forecasting

- Control over company's assets, liabilities and exposures

Reporting to : Chief Executive Officer

- Staff Reporting Corporate and Regional team of finance and accounts

Profile requirements:

Technical:

- Administrative experience at the top management level. Experience in managing large budgets, finance, contract administration, negotiation and project management

- Good understanding of business laws

- Proficient in technologies relevant to the organization - hardware, operating system, networking, databases, software applications, etc.

Managerial

- Effective leadership - provide vision and inspiration to peers and juniors

- Demonstrate a positive attitude and professional conduct and high ethical standards

- Good negotiation skills

- Good communication skills with ability to converse clearly with senior management & senior stakeholders

- Strong skills in relationship management & conflict management

- Strategic and solution oriented approach

- Decision making - make timely and correct decisions and exhibit sound judgment

- Team player

- Quality Management - continuously looks to improve processes

Qualification and Experience:

- Chartered Accountant by qualification

- 25 year's experience in the similar functions - 5 years must have been in CFO role