Director – Finance & Operations
The Antara Foundation, New Delhi
1. POSITION VACANT: Director – Finance & Operations, The Antara Foundation, New Delhi
2. ORGANIZATIONAL BACKGROUND:
The Antara Foundation (TAF) believes that every mother and each child deserves an equal start to a healthy life, and envisions a world where women and children do not suffer from preventable health conditions. The organization supports the public health system in delivering solutions at scale, to improve maternal and child health outcomes, by partnering with government and communities.
TAF’s interventions follow two closely integrated paths: to help the government system deliver better quality health care to the community, and to support the community to mobilize and seek better health outcomes.
The organization has a young, energetic, and passionate team, working across eight districts, 38 blocks, and 5,700 villages, with 8,800 field-level workers, serving 379,000 women and 650,000 children in central India.
Over the next few years, TAF sees itself spreading across multiple locations in India, to implement its solutions and to create an impact at scale.
For more information about TAF, please visit: https://antarafoundation.org/
3. JOB DESCRIPTION/ RESPONSIBILITIES:
Reporting to CEO, the Director- Finance & Operations (DFO) shall lead the Finance and Operations functions within the organisation, providing overall direction and oversight to Grant Management, Finance and Accounting, Procurement, Administration, IT, and Compliance activities. The DFO shall work closely with the CEO, and in close coordination with the Program, M&E, Communications and HR functions, to enable organization-wide planning and decision-making, apart from contributing to the business planning and strategic objectives of TAF.
S/he shall also assure the organization’s financial health through the close review of financial statements, management of annual budgeting, risk and compliance adherence, determination of organizational indirect costs, and cash flow management.
The DFO shall provide strategic leadership and guidance by ensuring that the financial and operations functions are designed and managed in an efficient and effective manner, compliant with organizational policies and laws and regulations applicable in India. S/he shall also develop and monitor systems to ensure ongoing ability to respond to the needs a growing organization.
Key Responsibilities:
(A) Strategy
(1) Build a multi-year finance and operations strategy in line with organizational and programmatic goals;
(2) Advise TAF leadership and the board on finance strategy, and relevant developments in the policy and regulatory environment;
(3) Actively oversee the financial and operational health of the organization, continuously monitoring and projecting TAF’s financial performance, risk analysis, revenue projections etc;
(4) Build projections of funding opportunities and needs in line with the organization’s vision and mission;
(5) Lead the preparation and negotiation of funding agreements with donors on behalf of the organization.
(B) Management:
(1) Lead, motivate and train the Finance and Operations team to strengthen the effective implementation of finance and operations functions;
(2) Lead the annual budget planning process and revenue forecasting;
(3) Convene monthly progress revenue meetings for all programmatic and functional heads to monitor spending by program, cost head and grant, to ensure ongoing compliance with annual targets and grant commitments;
(4) Monitor costs and implement cost rationalization measures as per organizational need;
(5) Review, refine, and update policy guidelines on internal financial controls;
(6) Review organizational capacity for growth from the perspective of financial management, risk and compliance, Information Technology (IT), procurement and general administration;
(7) Ensure the timely and accurate production of regular management accounts, financial and cash flow forecasts, statutory annual accounts and reports, balance sheets, etc. for the Board;
(8) Develop and implement effective financial management, control and monitoring systems across all projects, including systems focused on organizational performance;
(9) Ensure an efficient, effective and compliant accounting and finance function including payments, payroll, etc. up to finalization of annual balance sheet;
(10) Ensure smooth and seamless operations including administrative, IT and procurement functions to enable efficient and effective organizational and project operations;
(11) Ensure efficient and effective facility management of TAF offices;
(12) Ensure appropriate vendor management systems and cost effective and quality procurements as per organizational policies and guidelines.
(C) Compliance
(1) Establish and ensure compliance with Finance and Operations policies and processes consistent with best practices in the industry;
(2) Ensure donor compliances to support donor reporting;
(3) Be up to date with the changing external developments in finance, taxation, laws and regulations etc. and best practices in other similar organizations which directly or indirectly impact the organization;
(4) Coordinate all external audits, and be the point person with external auditors, accountants, lawyers etc.;
(5) Ensure that the statutory external audits and donor audits are managed effectively and required corrective action has been taken to strengthen the systems;
(6) Develop and implement systems, tools and processes to ensure internal & external risk is mitigated effectively to meet necessary compliances;
(7) Report the financial and operational health of TAF to the Board of Directors;
(8) Serve as Secretary to the Board of Directors.
4. QUALIFICATIONS, EXPERIENCE AND COMPETENCIES:
(A) Qualification and Experience
(1) Applicants must be qualified Chartered Accountants or CPA;
(2) 15 years of progressive post-qualification experience including five years’ experience in leading the Finance & Operations function, preferably in the social development sector;
(3) Prior experience with FCRA compliance, including the management of FCRA audits;
(4) Strong experience in managing finance and contractual requirements arising in the context of new business development;
(5) Candidates possessing equivalent professional qualifications in accounting and finance, and/or MBA (Finance), with relevant experience, as above, shall also be considered.
(B) Skills and Competencies
(1) Strong strategic thinking and problem-solving skills and high professional maturity and integrity;
(2) Technical expertise in all aspects of operations, including accounting, financial management, statutory compliances, tax laws, risk management and regulations etc.
(3) Strong interpersonal and communications skills;
(4) Ability to provide leadership and work as part of a team.
5. COMPENSATION OFFERED:
The gross compensation for the position is attractive and compares favourably with the remuneration paid by progressive non-profits in the sector. The offer made to the selected candidate shall be commensurate with qualifications, experience, and salary history.
6. LOCATION: New Delhi
7. REFERENCE: DFO-TAF
8. CONTACT INFORMATION:
Team SAMS
Strategic Alliance Management Services P Ltd.
1/1B, Choudhary Hetram House, Bharat Nagar
New Friends Colony, New Delhi 110 025
Phone Nos.: 011- 4081 9900; 4165 3612
9. APPLICATION PROCESS:
Eligible candidates interested in the position are requested to apply using the link https://recruitment.samshrm.com/Jobs/TAF by or before June 7, 2023.