Posted Sep 05, 2017 1 views
GM Finance, Accounting and Administration: Job Description
Position Description: GM Finance and Accounting
Basic Function: GM would be responsible for the Finance, Accounting and Administration functions of the Foundation. Responsibilities would include the development of financial and operational systems designed to ensure complete transparency and elimination of any chance of leakages and misappropriation. It would also include administration duties also. The GM F&A reports to the CEO.
Principal Responsibilities:
A. Corporate Planning & Systems
- Develop systems to assess financial and operational functions and to provide recommendations thereof. With special emphasis on nonprofit accounting, including managing and accounting for Donor advised funds, Project/Initiative and grant accounting, compliance, and reporting.
- Involved in corporate planning.
- Involved in formulation of various policies and procedures.
- Involved in Financial projections.
B. Finance
- Budgeting, Forecasting, Cost Control, Costing & Profitability Analysis and Management Reporting. Manage cash flow & forecasting. Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
- Surplus Fund Management though banks deposits, T-Bills and other instruments.
C. Banking
- Opening and managing bank accounts
- Liaisoning with Senior Officials of Banks, Mutual Funds organizations, etc.
D. Accounts & Audit
- Oversee all accounts, ledgers, and reporting systems, preparation & communication of monthly, quarterly and annual financial statements, ensuring compliance with appropriate Generally Accepted Accounting Principles, regulatory requirements.
- Maintain internal control safeguards and coordinate all audit activities. Ensure implementation of Internal Audit plan and work with HODs to ensure implementation of findings.
- Manage and maintain computerized accounting.
- Ensure Accounting Standards and their implementation.
E. Taxation and Regulatory Compliance
- Oversee Personal taxation - employees.
- Oversee Filing of returns and attending tax authorities for assessments and appeals.
- Ensure legal and regulatory compliance regarding all financial functions.
F. MIS
• Ensure timelines, accuracy, and usefulness of financial reporting to senior management and board members.
G. Administration
• Managing, leading and controlling administration department effectively and efficiently.
Job specification
1. Qualifications:
• Master's degree in Finance and accounting or business administration, or equivalent business experience. Preference will be given to candidates who are qualified CA, ACCA, ICMA, MBA-Finance.
2. Ability, Skills, Integrity and Ethical Values:
• Excellent written and oral communication skills.
• Demonstrated leadership ability, team management, and interpersonal skills.
• Excellent analytical and abstract reasoning skills, plus excellent organization skills.
• Highest level of personal integrity and ethical values and dependability with a strong sense of urgency and results- orientation.
• Excellent problem solving and creative skills and the ability to exercise sound judgment and make decisions based on accurate and timely analysis.
3. Experience:
• At least 8-10 years total experience in finance, accounts and administration with 4-5 years experience as a GM Finance & Accounts or equivalent, preferably in a nonprofit organization with a budget of at least US $ 1 million.
• Significant experience in or knowledge of nonprofit accounting, including fund, donor, project and grant accounting and reporting.
• Experience working with information technology staff to manage finance and accounting software packages.
• Excellent working knowledge of MS Excel or equivalent package
• Experience of handling administration aspects.
Job Details
The i-Care Foundation
The i-Care Foundation (iCF) is a not for profit organization that solicits funds from donors, who may/may not give advise as to which charitable organizations the funds should be channeled to. It acts as trusted channel for these funds to reach the charitable organizations. It also monitors and evaluates the performance of these charitable organizations and helps them to improve their working. It reports back to the donors as to how their donation was utilized. The Foundation focuses in the areas of Education, Health and Entrepreneurship/Jobs. The i-Care Foundation (iCF) is first Pakistan focused donor-advised charitable fund (DAF). This is a way of giving charity in which the donor, an organization, family, or individual, gives their donation to the DAF, for onward transmission to the charitable organization of the donors choice. The iCF offers the opportunity for a hassle free, low cost, flexible vehicle for charitable giving as an alternative to direct giving or creating a private foundation. Donors enjoy administrative convenience as iCF does the due diligence and all management aspects for them, enjoy cost savings and obtain tax advantages by conducting their grant making through the platform of iCF. Community foundations pioneered the development of donor-advised funds, and a number of commercial sponsors, educational institutions, and independent charities now offer this service. Donor-advised funds are the fastest growing charitable giving vehicle in the United States of America, with more than 100,000 donors participating with over $17.5 billion in assets. The objects of iCF are to provide funds for charitable causes with a focus on Education, Health, and Entrepreneurship/Jobs. In the performance of these objects, the Board of Trustees of iCF makes every effort to comply with the wishes of the donors. An important value added by iCF is that it will as part of its standard operating procedure do due diligence of the donors advised charity and if desired, report back to the donor with its observations, as to the strengths and weaknesses of the organization. This research will be done both qualitatively and quantitatively with the aid of state-of-the-art and sophisticated computer software. If the donor wishes, iCF may also provide information and its views regarding other charitable organizations in the philanthropic space. In addition iCF would also make available its counsel to the various charities that it works with, for ways to improve their governance, instill transparency and ethical practices, put proper accounting and reporting practices in place and finally to help them in improving delivery of their projects.
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