Position: Associate Head

Organization: STiR Education

Location: Delhi

Apply: https://stireducation.freshteam.com/jobs/RQ9WxPaoi-yB/associate-head-reporting-and-financial-planning

ROLES AND RESPONSIBILITIES

Management accounts reporting and budget preparation

• Prepare monthly, quarterly and annual reports for Leadership team, Finance Committee and Board.
• Sharing consolidated monthly reports with Leadership Team containing variance and narratives received after close coordination with in-country finance team leads budget holder wise and location wise.
• Ensuring adherence to operating rhythm by Country finance teams to share monthly and quarterly reports
• Prepare and work with GDFO to build financial health and reserves.
• Ensure projections are prepared in close coordination with donor partnership team and prepare analysis with different models and lead on sharing with GDFO and flag concerns, indicate areas of focussing organisational energies and attention
• Map donor expense reports submitted and pre-empt any corrective actions needed and update the country/global finance leads.
• Support GDFO for preparing FC papers which includes, Financial projections, Funding Scenarios, Global Budget Variance reports etc.
• Lead on annual budgeting process with finance leads and budget holders.
• Being part of strategic discussions and preparing 3-5 year costs to predict Global picture and organizational expansion with scenario building.
• Preparing standardized global budget and re-forecasting templates and preparing Global consolidation of budgets.
• Co-ordinating with various functional heads and provide guidance/ orientation on budgets wherever required.
• Be responsible for Intercompany reconciliation on monthly basis

Donor Reporting

• Ensure the donor partnership team (your primary stakeholder) has all required financial information on time for either Donor reporting or bespoke proposals
• Maintain a schedule of financial reporting deadlines to donors in co-ordination with the donor partnership function
• Liaise with donor partnership leads to ensure that financial reporting templates for all grants are set up in accordance with donor requirements
• Compile financial reports for donors according to reporting schedules in donor agreements and as per donor templates/formats
• Ensure consistency between narrative and financial components of reports to donors
• Track and maintain a record of grants expected, received and reports submitted to donors ensuring all grant income due are duly applied for
• Track and maintain record of funds expected and received and highlight delays, if any during the grant lifecycle.
• Improve current donor reporting, undertake longer-term forecasting and optimisation specifically on restricted v/s unrestricted funding and building reserves
• Be part of donor calls as and when required
• Be part of donor-programme calls for ensuring financial narratives are in-line with programme narrative reports.
• Prepare bespoke budgets based on donor and organisational needs

Audits and team playing

• Stay on top of audit requirements for funders and ensure all documentation and requirements are complied with and audits completed in time
• Manage and support during audits and thereafter to implement feedback as part of the wider team
• Prepare global financial consolidation for GDFO to review and support in preparation of global audit (UK)
•  Undertake any other responsibility as required, from time to time

Actively contribute to organisational development and culture 

• Role model professionalism, ensure integrity and accuracy in your work and take ownership of your own development
• Develop strong, purposeful and collaborative relationships with all team leads.
• Make sure that all the work you do and relationships you build are in the STiR spirit and in line with our values
• Model ‘Growth Mindset’ at all times – show that improvement is always possible

KEY COMPETENCIES REQUIRED

• Outstanding communication skills
• Strategic, analytical and critical thinking skills
• Personal commitment to excellence and quality
• Values-driven role model
• Dynamic self-starter that demonstrates creativity and initiative
• Intrinsically motivated to learn and grow
• Honesty and integrity

EXPERIENCE AND ACADEMIC QUALIFICATIONS

• Post graduate in Finance – MBA/ CA is desirable
• A minimum of 6-7 years finance experience, including two to three years’ experience of either management accounts report preparation, or preparation of financial reports to external agencies (e.g. statutory donors, grant-making institutions), or equivalent experience of accounts analysis and reporting
• Experience of using accounts software packages preferably Tally and SAP.
• Advanced level of competence in Excel, presentations and analytical skills
• High level of accuracy and attention to detail
• Ability to prioritise work, meet deadlines and combine responding to urgent requests along with longer terms tasks and activities
• Ability to influence teams without reporting lines.
• Open to communicate in different time zones as needed
• Open to travel as and when required

REMUNERATION AND BENEFITS

A consultancy fee of ₹ 160,272/- per month (₹19,23,264/- per annum) will be paid for your service (subject to relevant taxes at source), along with Medical Insurance for yourself, spouse and up to two children.