Chief Finance Officer

Flexi Partners
  • Delhi
  • 10-20 lakh
  • 10-20 years
  • 12 Mar 2015

  • Senior Management-Finance

  • NGO/ Social Service
Job Description

The Aga Khan Foundation is a member of the Aga Khan Development Network (AKDN), a group of 11 independent development agencies addressing the needs of poor and marginalised communities in more than thirty countries where it operates. It is a private, non-denominational development agency, which develops sustainable solutions to address poverty and marginalization. With a small staff, a host of cooperating agencies and thousands of volunteers, globally the Foundation reaches out to vulnerable populations on four continents, irrespective of their race, religion, political persuasion or gender. In India, the Foundation promotes the transformation and empowerment of marginalised communities, implementing and supporting activities in civil society, community health, education, livelihood improvement and skill development in collaboration with other AKDN agencies and external partners.

Aga Khan Foundation has been working in India since 1978. Today, it implements programmes directly in urban areas and supports work by other AKDN agencies and partners in rural areas. Active in 7 States, it works with a community-based, participatory approach across the thematic areas of Health, Education, Rural Development and the strengthening of civil society. The programs embrace social and gender equity and environmental consequences at all stages.

In addition, AKF works to strengthen civil society institutions and delivery of services through public systems.
The Foundation focuses on a small number of specific development problems by forming intellectual and financial partnerships with organizations sharing its objectives.

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Reason for Hire:
Under new leadership and unified behind a new strategic plan endorsed by its National Committee, AKF (India) seeks a Chief Financial Officer that will help it maintain its excellent reputation for financial integrity, strong internal controls and regulatory compliance, while introducing new systems to help it maximise operating revenue from diverse sources. It seeks dynamic and enthusiastic CFO, with previous experience in and commitment to the development sector in India. The CFO will work directly with the CEO and the AKF (India) National Committee on all financial and regulatory aspects of the Foundations activities and assets in India.
This role will be demanding and fast-paced, managing a small team across four states, with opportunities for collaboration with the programme team of AKF (India) as well as with the other AKDN agencies in India. For the right individual, this will provide an exciting opportunity to help AKF (India) build or expand operations, optimize resources, and safeguard its reputation and assets. AKF (India) seeks a highly intelligent, motivated, quick study who is a detail-oriented diplomat and manager, comfortable working in a team environment. AKF (India) expects the individual to be passionate about development, to be committed to improving the lives of Indias most marginalised people, and to demonstrate the highest standards of integrity, honest and discretion.

Responsibilities and Results:
Supervise monthly analysis of the AKF (India) budget (including all programme grants); oversee and validate all financial information; and oversee all financial reporting to AKFs Geneva headquarters.
Ensure statutory compliance under the Foreign Contribution Regulation Act, Income Tax Act, Companies Act, and Foreign Exchange Management Act, as well as and provide advice and assistance to the CEO on other legal matters;
Direct and supervise the implementation of external audits and reviews;
Prepare annual budgets and accounts and all other financial reporting to internal constituents and external agencies, ensuring accuracy and correctness of all information presented; oversee the preparation of project budgets that are consistent with AKF (India)s long-range financial plans and needs, anticipating cost-recovery and cash-management requirements;
Oversee and supervise the maintenance of all investments - short term and long term and work with the AKF (India) National Committee sub-group on properties and all property related issues;
Supervise and manage the maintenance of petty cash, bank statements, preparation of cheques, and bank drafts;
Review existing and put in place effective cash and currency management instruments, including liaison with the banking and financial services industry; where appropriate and possible, develop new financial instruments for revenue generation, donor partnerships, and other fund-raising;
Responsible for promoting the safety of human, physical and data assets of AKF India, working closely with senior management to implement disaster risk reduction and emergency preparedness programs throughout the organization.
Assist and build the capacity of finance-related functions in other AKDN agencies. Manage and develop appropriate monitoring and evaluation systems for all the health programmes.

Must Have:
C.F.A/C.A/ICWA/MBA in finance with minimum 10 years of experience in a financial management role with at least five years in a leadership position with large-scale, commercial or non-profit organizations.
Experience with an organisation with complex finances combining international and national sources, having to maximise revenues (cost-offsets), manage operating cash-flow, and handle assets (including real estate).
Familiarity with all relevant Indian laws and regulations, including FCRA regulations and the Companies Act, as well as the compliance requirements of major international donor agencies (EC, DFID, USAID, etc.).
Excellent analytical and communication skills, fluency in English and Hindi required.
Prior experience of networking and building partnerships with various statutory departments such as Income Tax departments, Charity Commissioners Office, etc.

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