The Finance Director will assist in setting Teach For India’s financial policy and direction while also being an active participant in, and driver of, the organization’s overall strategy.
She/ he will be reporting to the Chief Operations Officer (COO) and lead all financial administration, Statutory compliances, financial planning and analysis. As a member of the leadership team, the Finance Director will work closely with the Senior Leadership Team, other members of the leadership team and the board of advisors.
Teach For India builds a nationwide movement of leaders who work relentlessly to end educational inequity. Ten years into our journey we have 1200 Fellows who transform as leaders while teaching 38,000 low-income children and a growing movement of 2500 Alumni who work at all levels of the system. We are the largest pipeline of driven, skilled talent into the educational ecosystem. In the next five years, we aim to grow our movement of leaders to impact one million children. Our work will only be done when we have built a movement of leaders large enough to ensure that every child in India attains an excellent education.
We pride ourselves as being a passionate, idealistic, mission-driven team of individuals. We’re committed to learning towards excellence in our roles and equally to practicing the values that shape us as people. We have been consistently recognised by The Great Places To Work as one of the best workplaces in the Development Sector. We are an equal opportunities employer and provide compensation and benefits which are at the top of the non-profit sector.
The Finance Director bears ultimate responsibility for the financial health of an organization. In order to enable that, she/he will focus on the following areas:
Work with the Senior Leadership team and Board on all operational and strategic issues as they arise; provide strategic recommendation based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.
Work with all teams for short- and long-term financial planning and projections.
Oversee long-term budgetary planning and cost management in alignment with Teach For India’s strategic plan.
Engage the board and team around issues, trends, and changes in the operating model and operational delivery.
Provide business financial support to all verticals
Build relationships with banks, donors, vendors, auditors and others as needed.
Keep up with new trends in the financial industry by attending conferences, participating in professional development and sharing this information with the senior leadership team
2. Financial and Operational Management
Establish guidelines for budgeting and forecast, oversee budgeting, and the implementation of budgets, so as to monitor progress and present operational metrics both internally and externally
Ensure that finance staff maintains accurate financial record systems in accordance with Generally Accepted Accounting Principles, and monitor the use of all funds
Oversee the preparation and approval of all financial reporting materials and metrics for funding organizations and board of directors; prepare and communicate monthly and annual financial statements
Manage cash flow and forecasting; direct all financial, project-based, and departmental accounting
Responsible for all Statutory Compliances with Auditors, Tax authorities and Charity Commission. Coordinate all audit activities.
Utilize technology to optimize all reporting and analytical functions;
Ensure that Teach For India meets critical regulatory and legal compliance benchmarks;
Review, update and implement financial due diligence policies and processes across all verticals
Setting appropriate reviewing and approving systems for all financial transactions. Understanding and mitigating key elements of the organization's risk profile
Monitoring all legal issues affecting the organization and industry. Constructing and monitoring reliable control systems
3. Team Management
Develop and manage direct staff, to include all members of the Finance Team towards short term and long term success
Design systems and processes, build and execute strong performance management systems to ensure and manage progress.
Build relations across all verticals to ensure implementation and compliance of financial policies and processes.
Knowledge and Technical Skills
Strong financial and accounting background, including an understanding of profit and loss, balance sheet and cash flow management and general finance and budgeting.
Demonstrated excellence in business financial planning and analysis (FP&A)
Ability to manage multiple internal and external stakeholders including Board
Excellent communication and presentation skills
Strong analytical skills and experience interpreting a strategic vision into a financial model
A collaborative and flexible style, with a strong service mentality
A hands-on manager with integrity and a desire to work in a dynamic, mission-driven environment
Education and Experience
A Master’s degree in Finance, Accountancy and Management (Preferably Chartered Accountancy)
7+ years of experience in accounting/finance
4+ years of team management experience (preferred)
Past experience in the social sector (preferred)