Roles and responsibilities:

Management and Strategy:

- Serve as a part of the management team - participate in key decisions pertaining to strategic initiatives, operating model and operational execution.

- Work with the leadership to develop and refine the business model and build a detailed financial projection that could be used both as an execution blueprint and also for raising external funding as required.

- As a true partner to the CEO/COO, assess organizational performance against both the annual projections and foundation's long-term strategy. Assist in developing financial and operational metrics for Villgro at large and in specific for its different programs.

- Develop tools and systems such as dashboards to measure the above metrics and provide critical financial and operational information to the CEO and board and make actionable recommendations on both strategy and operations.

- Engage and present to the board on financial utilization, funding and donor pipeline, revenue streams, etc.

Financial Planning and Analysis :

- Develop unit economics for each of the programs and compute the minimum level of customers that we need to serve to be viable. Keep track of this closely.

- Prepare and maintain regular financial reports; monthly expense forecast by sector (vs. projections); rolling 3-month cash out-flow forecast. Incorporate program wise and incubate wise reporting and analysis in the accounting system to separately track the performance of each program and incubate against budget/projections.

- Complete financial analysis of various business initiatives (e.g., launching new operations, new programs etc).

- Based on the analysis recommend and pilot innovations/improvements that will lead to saving of financial resources

- Develop budgets for new initiatives/programs as well as program wise/donor wise budgets as part of annual work-plan.

- Oversee cash flow, investment and asset management planning and ensure availability of funds as needed. Cash flow controls is to ensure that utilization is as per plans and also to ensure Villgro generates deploys any unutilized amounts in banks that generate best-fixed deposit returns.

- Oversee banking relationships.

- Understand key elements of the foundation's risk profile and create mitigation strategy.

- Ensure that overheads of Villgro never cross 10% of the programme budgets at any time.

Donor Relations:

- Represent the foundation, along with the CEO, COO or respective programme heads, with donors, financial institutions, investors and at other major events as required.

- Participate in quarterly calls with existing and potential donors to ensure transparency with respect to financial management.

- Ensure timely and comprehensive financial reporting to donors, as outlined in contracts with donor agencies.

Accounting and Administration :

- Develop and lead the day to day operations of the accounting department, including the design of an organizational structure adequate for achieving the department's goals and objectives.

- Develop and document robust accounting policies and procedures. Ensure maintenance of appropriate internal controls and financial procedures at all times.

- Ensure timeliness, accuracy, and usefulness of financial and management reporting.

- Oversee preparation of month-end, quarter-end and year-end financial statements.

- Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation.

- Serve as final point of escalation for Accounts Receivable/Accounts Payable issues.

- Serve as a key point of contact for internal and external auditors; manage preparation and support of all internal and external audits.

- Oversee HR Administration in areas such as PF, offer letters, increments, appraisals etc.

- Implement good employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package.

Cash Management :

- Oversee weekly cash management; Approve weekly payables; Execute cheque signing.

- Incubatee Investing/Granting

- Support the incubation team in detailed diligence of potential incubatees, with a specific focus on an analysis of projected unit economics.

- Work with select incubatees to set-up their accounting and audit systems.

- Build partnerships with 1 or 2 service providers who can be accounting partners to incubatees.

- Analyze financial statements of incubatees and communicate observations to the CEO/COO

Others:



- Oversee the IT,MIS and Admin functions.

- Manage any third parties to which the above functions have been outsourced.

- Manage the foundation's assets, real estate affairs consisting of leases and subleases with various landlords; negotiate new leases.

- Maintain appropriate insurance coverage.

- Review all agreements and MOUs and appraise the management about any financial liability, prior to commitments made and signatures by the CEO/COO.

- Managing all the compliance and regulatory activities including income tax, companies act, FCRA, PF.

- Coordinating and Managing various assessments initiated by the regulatory authorities.

Accountability :

- Responsible for overall financial management which includes key elements of the foundation's risk profile and creates a mitigation strategy.

- Engage and present to the board on financial utilization, funding and donor pipeline, revenue streams, creation of a corpus etc.

Required qualifications:

- Bachelor's degree required

- 5-7 years of work experience of which 2 years with Non-profit is a must.

- CA qualification is an added advantage

Preferred skills:

- Good communication skills

- Data-driven decision-making mentality and sound business judgment.

- Bold: embraces uncertainty, has ambitions, believe in possibilities

- Entrepreneurial: open to learning, self-starter, takes initiatives, shows proactiveness, cultivates ownership, identifies and capitalizes on opportunities

- Impeccable Integrity: maintains confidentiality, openness, transparency, honesty, taking the best decisions in the interest of customers and stakeholders

- Empathetic: remains customer-centric, humble and helpful

- Comfortable working on multiple projects at one time

- Ability to thrive in an entrepreneurial environment and manage workload at fast pace with strong attention to detail.

Location: Chennai or Bangalore

Compensation: Based on experience

Reporting to: CEO

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