Chief Financial Officer - CA/CPA/CMA

Description:

We are seeking a highly experienced and dynamic Chief Financial Officer (CFO) to join our non-profit organization based in India. We are a Section 8 non-profit organization governed by FCRA regulations. The CFO will play a crucial role in overseeing all financial operations, ensuring compliance with relevant regulations, managing donor relationships, and providing strategic financial guidance to support the organization's mission and growth.

Functional details:

Financial Management:

- Develop and implement financial strategies, policies, and procedures aligned with the organization's goals and FCRA regulations.

- Oversee the preparation of accurate and timely financial reports, including budgets, financial statements, cash flow projections, and variance analysis.

- Monitor financial performance, identify areas for improvement, and provide recommendations to the management team.

- Ensure compliance with regulatory requirements, accounting principles, and internal controls.

2. Donor Relationship Management:

- Cultivate and maintain relationships with existing and potential donors, both domestic and international.

- Collaborate with the fundraising team to develop and implement strategies to attract and retain donors.

- Provide financial information and reports to donors, demonstrating accountability and transparency in fund utilization.

- Participate in donor meetings, presentations, and events to represent the organization's financial interests.

3. Budgeting and Financial Planning:

- Lead the annual budgeting process, working closely with department heads and the executive team to develop realistic and achievable financial plans.

- Monitor budget performance, identify variances, and provide recommendations for corrective actions.

- Conduct financial analysis, scenario modeling, and risk assessment to support strategic decision-making.

- Collaborate with program managers to ensure program budgets align with donor requirements and organizational objectives.

4. Treasury and Cash Flow Management:

- Oversee cash flow planning, forecasting, and management, ensuring adequate liquidity for ongoing operations.

- Optimize cash management strategies, including investment decisions, risk mitigation, and foreign exchange management.

- Monitor and manage banking relationships, negotiate favourable terms, and ensure compliance with banking regulations.

5. Compliance and Risk Management:

- Ensure compliance with FCRA regulations, tax laws, and other applicable regulatory requirements.

- Coordinate with internal and external auditors for annual audits and manage audit processes.

- Develop and implement effective risk management strategies and internal controls to safeguard the organization's assets.

- Stay updated with evolving financial and regulatory frameworks, recommending changes as necessary.

6. Legal Support:

- Provide necessary Legal support and liase with outside Legal Counsels whenever required.

Qualifications and Requirements:

- Bachelor's degree in finance, accounting, or a related field. A professional certification such as CA, CPA, or CMA is highly preferred.

- Proven experience (minimum 10 years) in financial management, preferably in the non-profit sector or organizations dealing with foreign funds.

- Deep understanding of FCRA regulations and compliance requirements related to non-profit organizations.

- Strong knowledge of accounting principles, financial analysis, budgeting, and financial planning.

- Excellent interpersonal and communication skills to effectively engage with donors, board members, and other stakeholders.

- Ability to provide strategic financial guidance, contribute to organizational decision-making, and drive financial sustainability.

- Proficient in financial management software and systems.

- Exceptional analytical and problem-solving skills, with a keen attention to detail.

- High level of integrity, ethics, and commitment to transparency.