Do you enjoy being a strategic thought leader, inspiring ideas, and igniting action? Is leading people and getting the best out of your team something that makes you light up? Do you want to work with a global team that is passionate about creating real change that gives people the power to prosper on their own terms?
iDE is recruiting for a VP Finance who will be a strategic thought and action partner to iDE’s CEO and executive team to deliver on iDE’s mission to create income and livelihood opportunities for the rural poor. Since our founding iDE has directly impacted more than 33.3 million people across Asia, Africa, and Central America. The VP Finance reports to the Chief Executive Officer (CEO) and has three direct reports, a Controller and two regional finance managers. The VP Finance indirectly manages another 14 finance professionals.
This is the ideal time for a strategic-minded finance leader to join iDE as we embark on our next five-year strategy, transition our financial software, and continue our ambitious scaling strategy to deliver deeper impact, faster. iDE’s commitment, dedication, and passion to deliver impact with a high social return on investment is second to none. For every dollar we deploy globally, we ensure that on average we are creating at least $10 of income or livelihood savings for the people with whom we work. We are a team of 1,000+ people dedicated to giving people the power to prosper on their own terms. If you share our passion, commitment, and dedication, we’d love to have you join our team!
Reporting to the CEO, the VP Finance is a critical member of iDE’s Executive Team. As a member of the Executive Team, the VP Finance is a trusted advisor who provides counsel to the CEO and the broader Executive Team. Deeply involved in strategic planning, reviewing iDE’s strengths and weaknesses, and overall professional development initiatives across iDE, the The VP Finance actively assesses market trends and brings ideas for new business models and initiatives to the CEO and the Executive team. The VP Finance also works closely with Country Directors, field office staff, and headquarters staff to not only educate them regarding finance and accounting procedures but also to strengthen the finance function with analytics to better support program operations and achieve impact. Working with the CEO and Director of Information Systems, the VP Finance reviews, analyzes, and defines the processes and infrastructure/systems needed to support iDE’s growth. The VP Finance builds and manages effective and streamlined administrative/financial systems, including financial, accounting, and physical infrastructure. The VP Finance leads all day-to-day finance operations and directly supervises the finance team including functional responsibility over accounting, accounts payable, accounts receivable, payroll, treasury, and grants administration. Additionally, the VP Finance indirectly supervises the global finance team through matrix oversight of the program Finance Directors, including iDE’s social enterprises. The VP Finance has a key role in ensuring risk management across the organization, finding cost savings and driving revenue generation through business modeling, including iDE’s social enterprises, and ensuring strong financial support to iDE’s revenue generating departments and business units. The VP Finance ensures that iDE has the systems and procedures in place to achieve its mission, deepen its global impact, support strong program implementation and conduct effective audits.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:
- Serves as a member of iDE’s Executive Team which also includes the VP of Operations, VP of Global Initiatives (iDE’s technical teams), VP of Communications and Marketing, and the VP of Finance. The CEO currently leads the Fund Development team. The Executive Team is responsible for collectively providing information, quantitative and qualitative data, and feedback from differing points of view across iDE and across departments so that the Executive Team can vigorously analyze, debate, and recommend improvements across iDE with a special focus on maximizing financial and human resources to save time and energy and create deeper impact. The Executive team is collectively responsible for maintaining and strengthening iDE’s external brand and ensuring financial responsibility for iDE both now and into the future.
- Ensures, in close cooperation with the CEO, that iDE’s financial policies are regularly updated to guide IDE’s financial decision making and delivery on its mission.
- Directs the planning, organization, and implementation of organizational wide procedures for fiscal reporting and administration, risk management, cash management, foreign currency exchange, and investments. Key initiatives include implementing a transition to a new global financial software, playing a leading role in iDE’s strategy development for 2021 - 2025, updating and harmonizing iDE’s financial policies across iDE’s business units, updating iDE’s risk matrix, and instituting bi-weekly cash forecasting and reporting.
- Provide comprehensive, timely, and accurate analysis and interpretation of all financial information in order to assist the CEO and the executive team to perform their responsibilities.
- Play an active role in the executive team; partner with the CEO and executive team to lead the preparation and execution of the iDE strategic plan (2021-2025).
- The VP Finance leads and serves as a strategic partner as iDE develops its business plans and policies.
- Keep abreast of financial developments and best practices across the NGO sector and other appropriate industries.
- Partner with the CEO, to lead financial reporting and accountability to iDE’s Board of Directors and iDE’s Finance Committee. Regularly presents financial analysis and information to the Finance Committee and Board of Directors.
- Demonstrate ability to identify and resolve problems in a timely manner and gather and analyze information skillfully.
- Demonstrate continuous effort to improve operations, decrease turnaround times, streamline work processes, and work cooperatively and jointly to provide quality seamless customer service.
- Develop and implement internal controls and policies and procedures across headquarters and country programs. Develop procedures to consistently test, develop, and align these controls to optimize the overall environment. Ensure compliance with state and federal law, and donor requirements.
- Oversee the annual global audit, including the Single Audit, and work with country teams to ensure successful audits.
- Assist with country registrations and compliance, legal status, international income and payroll taxes.
- Maintain and strengthen banking relationships, oversee NICRA, 990, procurement, and leads financial projections with the finance team including cash flow, revenue/expense projections, etc.
- Provides direct supervision of the Controller and Regional Finance Managers and indirect supervision to all Finance Directors based in iDE’s country offices and business units including iDE’s social enterprises. Serves as a leader/coach to team members to ensure professional and personal growth while achieving iDE’s mission.
- Must demonstrate ability to motivate others to perform well and accept feedback from others.
- Must demonstrate ability to delegate work, providing authority to work independently and set high performance expectations.
- Excellent interpersonal skills, including the ability to effectively coach and mentor team members; collaborate and build relationships, and leverage resources within the function and across the organization to achieve desired outcomes.
- Opportunity to serve on the board of directors for iDE’s social enterprises or affiliate entities as needed.
OTHER DUTIES AND RESPONSIBILITIES include the following:
Other duties as assigned.
The VP Finance supervises the headquarters finance team, currently consisting of:
- Controller (direct supervision)
- Staff accountant (indirect supervision)
- Regional Finance Officer (1)
- Regional Finance Manager (2) (Direct supervision)
- Regional Finance Officer (1) (indirect supervision)
- Finance Director, Country Offices & Business Units (11) (indirect supervision)
- Strong team player with enthusiasm for iDE and its mission of poverty alleviation.
- Minimum ten years of experience, professionally qualified. Ten years direct financial management and/or accounting experience required.
- Experience working at an executive level for 2+ years required; substantial experience in a direct and matrix managerial role required.
- Experience reporting to a board of directors or executive management preferred.
- Minimum ten years experience, professionally qualified. Ten years direct financial management and/or accounting experience required.
- MBA, CPA, and/or equivalent certification and/or experience preferred.
- International development experience is highly preferred. Experience working at an NGO or other social enterprise organization highly preferred, with knowledge of donor compliance issues highly desirable.
- Experience working in a start-up environment which required a broad skill set is preferred and willingness to perform a range of duties, is a must!
- Experience managing and working with staff from a range of cultures and backgrounds preferred.
- Advanced skills in Excel and Accounting-specific software preferred. Strong computer skills in Word, Powerpoint, Google Suite, and web-based applications preferred.
- Experience developing risk management systems preferred.
- Experience with establishing international financial controls highly preferred.
- Working knowledge of GAAP, international and domestic tax law and IRS rules and regulations, and auditing protocol required. Experience with IFRS preferred.
- Experience with grants financial management strongly preferred. Experience with USAID and/or DFID grants a plus.
- Strong organizational skills and attention to detail. Ability to work independently, identify and analyze problems and competent decision-making skills.
- Ability to translate complex financial information into understandable and digestible information, catered to the audience (board, executive team, staff, donors, partners), delivered both orally and in writing.
- Able to communicate in English across all mediums. Additional languages a bonus, but not required.
- Ability to travel internationally, including travel on short notice, to developing countries is required.
LANGUAGE/MATHEMATICAL AND REASONING SKILLS
- Ability to read, analyze, and interpret the most complex documents. Ability to respond effectively to the most sensitive inquiries or complaints. Ability to write speeches and articles using original or innovative techniques or style. Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, public groups, and/or boards of directors.
- Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.
- Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
CERTIFICATES, LICENSES, REGISTRATIONS
MBA or equivalent certification and/or experience preferred.
CPA and/or equivalent certification and/or experience preferred
- The working conditions and physical demands described here are representative of those the VP, Finance encounters while performing the functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Normal work hours are Mondays through Fridays 8:30am. to 5:00pm. Work is performed primarily in an office environment. Availability for early morning and late night calls required to accommodate working with different time zones. Occasional domestic and international travel required.
- Normally required to see at far and close range, and communicate verbally through listening and speaking
- Frequently required to sit, use hands and fingers to handle and operate objects, devices and controls. Occasionally required to walk, reach with arms, lift and/or move up to 25 pounds
- Regularly operates telephone, computer, software and printer, copy machine, fax machine, calculator, and similar office machines.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.
- Equipment used: all office equipment
- Access stairs, elevator
- International Travel (approx 10-15%)
- Variable Work Hours/Shifts