Job Seeker
ICWA/ CA, with 15-18 years of exp, as a CFO, at a Stock Exchange Co., Mumbai

Stock Exchange Co.

year_icon   15 - 18 Years

year_icon   0.0 Lacs - 0.0 Lacs

year_icon    Mumbai

year_icon   Others

year_icon    Chartered Accountant

10 Jun 2022

Job description

JD - Finance Head 

A well-known company is looking for a senior finance professional from the social sector as a CFO for its Foundation which undertakes the corporate social activities of the Group.

 The candidate should have strong analytical skills and written skills. S/he will need to work closely with the CEO to ensure a smooth running of the Foundation activities aligned to the high standards of governance and legal framework of the Group.

The candidate should have a flair for negotiating costs and should be able to track funds transferred to partner agencies, ensure utilisation, and initiate a strong process and governance and legal framework of the various activities of the Foundation. The position expects the person to be a self-starter with the ability to work in a small team and comfortable with tracking data and ensuring compliance.

The Candidate should be experienced in evaluating financial information and making actionable recommendations for the organization and manage legal and statutory compliances. S/he should have experience managing the finance function (accounting, budgeting, control,  reporting, framing policies and process) within a not-for-profit organization with a strong presentation and communication skill and eye for detail .

Qualifications and Experience – ICWA or CA with around 15 -18 years’ experience

Key Role & Responsibilities:

General Role

  • Support and work closely with the CEO and the team on all activities of the Foundation
  • Good command of English and capable of vetting and preparing legal and other documents.

Financial and Operational Management

  • Oversee the financial and reporting systems, ensuring compliance with appropriate regulatory

requirements. Maintain internal control safeguards and coordinate all audit activities.

  • Oversee the audit processes of the Foundation
  • Oversee budgeting and the implementation of budgets so as to monitor progress and present

financial metrics both internally and externally.

  • Make investment decisions as per the prudential norms and ensure appropriate cash flow.
  • Undertake annual budget and sectoral allocation exercise in alignment with the approved strategy plan
  • Track the annual commitment and expenditure

Legal, Secretarial and Compliance

  • Oversee all legal documentation including but not limited to grant agreements with

non-profit partners, vendor contracts, MOUs,, mapping with processes etc.

  • A large part of the job will undertake negotiation on costs for activities in projects and review of all financial reports received from audit agencies on programmes
  • Ensure internal process and SoP revisions periodically
  • Initiate changes to strengthen the governance framework
  • Ensure all internal processes are aligned as per the defined process frameworks
  • Ensure compliances under statutory laws as applicable to charitable organizations including

disclosure requirements. Develop and update policies relating to organization governance and

regulatory affairs.

  • Responsible for the preparation of all financial reports, fund utilization certificates etc. are prepared order
  • Oversee the due diligence and other requirements while onboarding partner agencies
  • Knowledge of the social sector and the legal framework that governs the sector
  • Oversee the procurement and other vendor related processes
  • Build organization capacity for better financial governance and performance.

 

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