Job Opportunity for Head (Finance) in The Convergence Foundation at New Delhi

Position Summary

The Head of Finance is a key role that spans across all portfolio organisations and involves both operational and advisory support to senior leaders. The role involves interacting with members of the leadership team, overseeing financial and MIS reporting functions including budget, financial statements, payables, payroll, banking, managing administrative activities and office operations for all organisations within the TCF portfolio (with the exception of Ashoka University and Central Square Foundation). This leader will also be responsible for building robust, seamless processes, effectively driving operations across TCF and early-stage portfolio organisations, and managing the finance and administrative team members while working closely with numerous vendors and consultants.

The role is critical to ensuring we ensure the best processes are in place at TCF and our organisations in order to drive philanthropy work, strategic policy and advocacy work, and ecosystem development work. The Head of Finance will report to the CEO of The Convergence Foundation.

Key Responsibilities

The core focus of this role is to collaborate with leadership teams across the portfolio organisations to assist them in determining and fulfilling their financial needs, and executing all finance-related processes from start to end. Key responsibilities include, but are not limited to:

• Safeguard all organisations’ charitable status through a comprehensive knowledge of relevant law, guidance and best practice in relation to the structure of the organisation
• Ensure compliance with administration and financial regulations in relation to charity, trust and company law and regulations
• Review contractual agreements between organisations and outside vendors and consultants, including managing and negotiating office and equipment leases
• Oversee preparation of taxes and reports
• Facilitate preparation of annual independent audit
• Oversee information technology and office purchases, policies, contracts, and equipment
• Liaise with external advisers – accountants, lawyers, and other advisers where appropriate
• Monitor billing/issuing receipts for all grants and contracts, make recommendations to management based on trends, future projections and business goals and objectives. Ensures fiscal compliance for all grants of assigned clients
• Review, approve and ensure timely and accurate processing of payroll, accounts payable, accounts receivable, cash receipts, general ledger, and reconciliations
• Ensure financial records are maintained in accordance with Generally Accepted Accounting
• Principles, Accounting Policies, grant/contract requirements, and monitor the use of all funds
• Prepare timely, accurate monthly, quarterly and annual internal/external financial and other meaningful ad hoc reports along with supporting documentation
• Investigate and explain material variances, highlight trends for management, and provide recommendations
• Develop and oversee accounting policies and procedures to meet both current and future business models and comply

Required Qualifications, Skills and Abilities

Ideal candidates should have the following qualifications and skills that are required for this role:

• A CA with a Bachelor’s degree in business, accounting, finance, or related discipline.
• 12-15+ years of work experience in business finance and controllership demonstrating strong operational and leadership skills, including the ability to build and lead teams from scratch
• Ability to analyze complex qualitative and quantitative data, craft possible solutions, and recommend actions
• Ability to build and maintain positive and collaborative relationships both within and outside the organisation, including with colleagues, regulators, foundations, researchers, grantees, and education product/service providers
• Ability to lead meetings, deliver presentations, and represent TCF or the organisations to external audiences
• Strong written and verbal communication skills, strong presentation skills
• Strong planning and organisational skills, and an ability to be able to set priorities, plan timelines and meet deadlines
• Technology savvy with experience selecting and overseeing software installations and managing relationships with software vendors; knowledge of accounting and reporting software
• Personal Characteristics and Desired Qualities

Professional attitude and time management skills

• Flexibility and collaboration skills
• Multitasking and time-management skills, with the ability to prioritize tasks
• Able to contribute positively as part of a team, helping out with various tasks as required
• Multiple leadership Stakeholder Management

Compensation

Remuneration will be competitive with Indian philanthropy pay scales and will depend upon the candidate’s experience.

Location

New Delhi, India