|Published||November 3, 2022|
|Location||P.O. Box 9990, Chapel Hill, United States of America|
|Job Type||Full Time|
The Chief Financial Officer (CFO) is a member of the Ipas US senior management team and is responsible for administering the Ipas Impact Network consolidated financial efforts and Ipas US financials efforts. Ipas US is the consolidating entity for most of the Ipas Network members.
The individual in this role can be in any state in the United States or any country globally where Ipas is registered and can host an employee for the US node. The role is largely remote however there will be required travel and in-person meetings including semi-annual board meetings. Compensation for this position will be determined on the prevailing market rate for similar positions in the employee's location, and the applicable statutory laws– in addition to Ipas's own pay philosophy and other factors, such as the employee's experience level and expertise.
Provides strategic direction, co-creates and supports development of improved efficiency and effectiveness measures for the financial wellbeing of the Network and its members
Financial Analysis: oversees routine and ad-hoc financial analysis including expenditure trends, revenue projections, budget variances, cash flow forecasting, and fiscal risks. Able to translate and simplify complex financial analysis to accessible and actionable analysis. Supports finance team to develop skills to simplify and communicate with clarity of purpose.
Operating Budget: Provide leadership and strategic direction to the consolidated annual operating budget process by working with the internal Budget Committee in determining and communicating guidance, annual budget objectives & ratios, and presenting annual operating budget materials to stakeholders including the Ipas US Board of Directors and Network members.
Program/Project Budgeting and Progress: Catalyze the use of internal project budgets and regular status updates to develop a standard set of reports that emphasizes shared responsibility and mutual accountability of financial management at all levels of the Network. Creating a collaboration, learning and feedback practice that encourages shared ownership of financial results. Prioritizing listening to and co-creating with customers to continually improve our budgeting, reporting and review processes to best support our business objectives.
Financial Modeling: Develop criteria and lead the production of financial models and scenario planning for the Network’s revenue and cost projections.
Balancing Network Impact and Fiscal Responsibility: Promote a culture that balances the ability to deliver on the mission and strategic goals in a diversity of contexts and circumstances with the fiscal requirements and controls that are required by general accepted accounting principles (GAAP), International Financial Reporting Standards (IFRS),and funders.
Serve as role model and mentor on promoting risk management instead of risk avoidance and fostering collaboration and mutual accountability instead of command and control. Encourage creativity and curiosity to meet the needs of the customer within the parameters of fiscal responsibility. Embrace agility and having multiple options to achieve the balance of stewardship and impact.
Value for Money: Determine cost pools, allocation methodologies and efficiency targets to ensure donor cost recovery options available to the Ipas Network are aligned with cost of the activities and their impact. Demonstrate value for money for all revenue including indirect revenue.
Audit: Engage with annual external auditors to set scope, review progress and finalize audit reports and recommendations. Support finance team to organize and plan for audit engagement. Ensure statutory filings are accurate and timely. Oversee internal audit consultants and serve as the liaison for the Internal Audit Council. Oversee execution and review of all independent audits including donor and federal audits. Support finance teams in planning and monitoring activities to address internal and external audit findings and recommendations.
Consolidated finance and accounting: ensure systems and infrastructure are in place and functioning to support effective and robust financial accounting and reporting. Ensure appropriate internal controls, policies, and procedures. Oversee the maintenance of the accounting calendar and reporting schedules to ensure timely, accurate and useful reporting including monthly, quarterly and annual financial statements.
Investment and banking: Engage with outside investment brokers following Ipas investment policy and evaluate, monitor and report to the Finance & Investment Committee and Board on results. Engage and maintain relationship with corporate bank to ensure short term cash holdings and smooth payment processes.
Risk management: Support the enterprise risk management system through regular participation. Communicate Network level risk and compliance issue to relevant audiences in the Network. Ensure adequate compliance practices are in place and accountability mechanisms are responsive to the risk level. Remain up to date on non-profit audit best practices and state and federal law regarding non-profit operations and consolidation of affiliate financials
Experience working in the international NGO sector
Experience with hedging and reduction of exchange gain/loss exposure risk
Proven cross-cultural communication skills
Aptitude for critical thinking and creative problem solving with a customer-service focus, helping to drive finance-related process improvements to increase efficiency and user experience.
Ability to lead capacity building efforts and effectively mentor key staff in a multi-cultural and multilingual environment.
Numeracy and facility technology and software including Excel.
This position may work remotely from any of the following US states: CA, CO, DC, FL, GA, MD, MA, MI, MN, NY, NC, PA, SC, TX, VA, WA. Additionally, the position may work remotely from any of the following countries outside of the US: Bangladesh, Bolivia, Democratic Republic of the Congo, Cote d’Ivoire, Ethiopia, Indonesia, Kenya, Malawi, Mexico, Mozambique, Myanmar, Nepal, Nigeria, South Africa, and Zambia.
Master’s degree (M.A. M.S. or M.B.A.) or equivalent demonstrated practical knowledge of finance and accounting
10 years professional experience at Director of Finance level or higher