INTRODUCTION United Way Mumbai improves lives by mobilizing the caring power of communities to advance the common good.At the heart of our mission is the belief that we rise or fall together. We all have a stake in the betterment of our community and its members. Our goal is to bring people together - NGOs, companies, individuals and government agencies - to work towards improving community conditions.Based on years of experience and understanding of the Indian development sector, United Way Mumbai has distilled six priority areas for interventions, and created solutions that go beyond short-term charity. These six areas of focus encompass the most pressing social problems of our communities and the solutions are designed to address their root causes. United Way Mumbai is a part of the 130+ year old United Way movement engaged in nearly 1800 communities, spanning 41 countries across the world. Our mission is to improve lives by mobilizing the caring power of communities to advance the common good. We work closely with a network of 400+ NGOs and a large number of corporates for their CSR programmes, workplace giving campaigns and other events. This includes designing of CSR policy and strategies, due diligence of NGO partners, programme implementation, employee volunteering, impact assessments and financial and programmatic reporting. Over the past 17 years, we have partnered with over 300 companies and over 1,00,000+ individual donors investing close to INR 390 crore for community development projects. Our flagship programmes have been largely in the areas of civic awareness, health, safety and greening. In addition to this, we have designed and facilitated large scale interventions in the areas of education, nutrition and sanitation in urban and rural communities. To know more about it, please visit- https://www.unitedwaymumbai.org/ BOARD MEMBERS - Homi R Khusrokhan, Chairman, Sr. Advisor, Private Equity, Tata Capital Ltd - Rohit Adya, Vice-Chairman, Managing Director and Founder of M/s RA Growth Consulting - Devendra Bharma, Treasurer, EVP, The Oberoi Group - Dr. Indu Shahani, Board Member, President &amp; Chair - Academics of the Indian School of Design &amp; Innovation (ISDI), ISDI-WPP School of Communication and the Indian School of Management and Entrepreneurship (ISME) - Karuna Bhatia, Board Member, Head of Sustainability India &amp; SA, Standard Chartered Bank - Mihir Doshi, Board Member, Managing Director and Country CEO, Credit Suisse, India - Pradeep Poddar, Board Member, Former MD and CEO, Mount Everest Mineral Water Ltd. - Radhika Kaji, Board Member - S.K. Mitra, Board Member, Chairman, QSK Advisory Pvt. Ltd. - Sunil Mehta, Board Member, Chairman &amp; MD, SPM Capital Advisors Pvt. Ltd. - Sunit Mehra, Board Member, Managing Partner, Hunt Partners SENIOR MANAGEMENT TEAM - Jayanti Shukla - Chief Executive Officer - George J Aikara - Chief Operating Officer - Prachi Nautiyal - Director, Corporate Partnerships - Sanaa Shaikh - Director, Investor Relations - Ajay Govale - Director, Community Impact - Anil Parmar - Director, Community Investment REASON FOR THE HIRE UWM seeks an experience professional who is an achiever and passionate to play the role of Director Finance. The incumbent is expected to provide leadership to the Finance Department, evaluate, design and develop the financial strategies for the organization along with mentoring the team members. He/she would be expected to develop and maintain a prudent financial and accounting system STRUCTURE AND ROLE DETAILS - Reports to Chief Operating Officer. - Closely working with Manager - Accounts, Manager- Finance, Executive - Finance. - Location: Mumbai. - Full- time employment terms. ROLES AND RESPONSIBILITIES Operational Related - Prepare annual budget, quarterly financial statements budget v/s. actual with variance report, ratification, board deliverables for the Board Meetings. - Developing, tracking, reviewing, analyzing, reporting and managing financial flows and budgets for the organization. - Ensure processes and internal controls are in place, for smooth functioning of finance work and maintenance of financial records - Ensure all grants / donations received are properly accounted as per accounting standards and disbursement are done accurately. - Payment verification Grants, Utility and other payments. - Verification and signing off LOI, MOU, Work Order Etc - Ensure that cash flow meets monthly expense commitments and excess funds are invested in fixed deposits. - Best investment options- optimizing returns from investments made, tracking fixed deposit at regular intervals, new investment and renewal of FD. - To verify Utilization Report of various grants. - HR- Payroll / Salary administration - process monthly salary payment, verify attendance and leave records and deduct TDS as applicable. - Proper deducting of Provident Fund, TDS on salary, professional and contracts, timely TDS payments to authorities etc. - Uploading Offline and Online Data in tally (as per the Tally Format), NEFT fund disbursements and bank payouts - Ensure 80G receipts are issued to Donor's before end of financial year. - Financial support and guidance to staff. Regulatory / Compliances - Ensuring timely statutory compliances and adherence to Income Tax Act, Trust Act, 80G and FCRA regulations etc. (with support of internal auditor and company secretary) Manage the Internal and Statutory Auditors, plan audit calendar and respond to audit findings and recommendations. - Prepare audit deliverables-detailed prepared by client (PBC) list prior to the statutory audit. - File online Trust Income Tax Returns with Income-Tax Department, to submit physical copy to Charity Commissioner Office before the statutory deadline i.e. 30th September - File online FCRA return with Ministry of Home Affairs before the statutory deadline i.e. 31st December - File Quarterly TDS returns before the statutory deadline i.e. before 30th of subsequent quarter - Issue quarterly TDS certificate, form 16A and form 16 etc. Internal Controls - Funds are properly disbursed as per the budgets, agreement, donors instructions to respective projects/NGO- s - Enhance internal financial and administrative system and accounting practices. - Ensure that all finances are properly administered, monitored and reported accurately to the donor - To obtain legal opinions when required. Income tax matters - Respond to IT summons/ orders. Prepare list of Income Tax Questionnaire documents, and to coordinate with consultant on IT department hearings. Internal Audit - Coordinate and ensure implementation of internal audit as per audit plan. - Ensure smooth internal audit - work on IA requirements, discussion with departments, submit data &amp; supporting for verification, coordinate till closure of IA and final report. Donor relations - Working on funder due diligence, reviewing donor contracts. Comply with financial due diligences, periodic reporting (monthly, quarterly, semi-annual and annual) and audit requirements from donors. Senior Leadership - Work with Senior Management team on all operational and administrative issues. Provide leadership, supervise and train finance, accounts teams in the organization. Work closely with Chief Operation Officer on the organisation's financial matters, and keep CEO apprised as and when required. Present quarterly update on financial utilization and variance analysis to the Board on core and specific projects. HR &amp; administration - Ensure monthly payroll, maintain leave and attendance record, control and oversight on admin staff and admin expenses COMPETENCIES AND SOFT SKILLS Leadership - Works collaboratively and is confident and competent in the areas of strategic planning, management, and budgeting. - Proven track record of good relationships and networking with the relevant government and corporate sector regulatory institutions including RBI, Income tax departments etc. - Inter-cultural understanding and an open attitude for staff inputs in office development Domain Knowledge - The incumbent is expected to have in depth understanding of financial planning and budgeting, budgets and budget analysis, cost control and reduction strategies, accounting standards issued by ICAI, Accounting, preparation of financial statements, financial management information system and statutory acts REQUISITES - C.F.A/C.A/ICWA/MBA finance for 7-10 years of experience in leading and managing financial operations (supervising and auditing the finance/accounts), preferably in a not-for-profit with specific focus on budgeting, accounting, financial reporting, grants/contract management, and business management in developing countries - Good relationship management abilities / negotiation skills with external and internal stakeholders - Government, NGO sector, donor community, bilateral and multilateral agencies, legal / statutory authorities PREFERABLE - Experience of working in the not-for-profit or development sector, having demonstrated commitment to the sector. CHALLENGES - The incumbent is expected to have a great deal of focus on micro details, influence business decisions using the power of analysis and effectively monitor and guide the organization's financial planning and management process - The incumbent will have to maintain balance between the controlling and facilitation role as the Director Finance. - He/She will have to demonstrate problem solving and decision making ability - to manage short term issues with a long term perspective

Mumbai

Director - Finance - NGO 

Job Description for Director - Finance - NGO  in Third Sector Partners in  Mumbai for (8-18) years of experience. Apply Now!