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iDE is a non-government organization dedicated to empowering entrepreneurs to end poverty. Headquartered in Denver, Colorado, our global work within agriculture, sanitation, and gender equality, stands out in the international development sector because we don't simply hand out money or supplies. Instead, we believe in powering small-scale entrepreneurs and building robust market ecosystems that are financially competitive, resilient to changing climates, and inclusive of marginalized people. Given access to simple technology, market links and microfinance, iDE has demonstrated that entrepreneurs can lift themselves out of poverty and become change agents in their communities. Founded in 1982, and with operations in 10 developing countries, iDE has made an impact in the lives of more than 35 million people, providing access to markets, boosting incomes and improving wellbeing. By listening to every stakeholder—producers, suppliers, retailers and customers—iDE designs programs that overcome critical bottlenecks and develop lasting solutions. We employ over 1,200 staff globally, 96 percent of whom are nationals or field based. Our 2024 budget of 52.5 million includes funding from nearly 40 institutional donors, including USAID, SIDA, GAC, UNICEF, DFAT, MFAT, EU, and SDC.
Key Responsibilities/Tasks
The Regional Senior Finance Manager (RSFM) serves as the Finance lead and focal point for assigned iDE country offices, providing technical financial leadership. The RSFM ensures the implementation of sound internal controls and financial management of assigned countries, as well as internal and external financial reporting, including donor reports and all statutory reporting requirements. S/he provides daily financial oversight to the assigned country programs to ensure that the financial records are complete, accurate and comply with US Generally Accepted Accounting Principles (US GAAP), policies and regulations, to facilitate solid decision support. The Regional Senior Finance Manager also assists with capacity building efforts of the assigned Country finance teams and works proactively and cooperatively with HQ management and staff to implement solutions as required. This position supports complex, multi-country grants as well as the start-up of new country offices which involve highly critical steps to implement new systems of internal control.
Essential Duties And Responsibilities
The Regional Senior Finance Manager performs the following primary responsibilities:
Provides ongoing financial oversight and feedback to Country office Finance Directors (FDs) or Finance Managers (FMs) to improve effectiveness in financial management and reporting. Performs comprehensive reviews of country financial reports to include performance analysis in the following areas: balance sheet, income statement, cash, grants/contracts, unrestricted and general income and expenditures, actual expenses vs. budget analysis and forecast, adequacy of adherence to generally accepted accounting principles, donor requirements and iDE financial procedures
Supports complex, multi-country grants to ensure grant compliance across multiple country offices and various departments at iDE Headquarters. Provide financial reporting to donors and ensure compliance with terms and conditions of these grants
Support complex start-up of new country operations including implementation of internal control frameworks and selection and successful on-boarding of new country finance directors
Works with Country finance teams to promote full adoption and utilization of Netsuite financials capabilities such as electronic payments, employee expense reimbursements and other automated features
Provides guidance to Country finance teams on implementation and maintenance of strong financial controls and corrective actions on reporting irregularities
Review and document revenue recognition for new iDE grant awards in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). Prepare iDE's "Grant Revenue Accounting Checklist" based on a review of the actual grant agreement to document whether revenue should be classified as restricted or unrestricted and whether the revenue recognition is conditional or unconditional along with the basis for timing of recognition (upon award or based on cost incurred or milestones)
Reviews fund transfer requests by evaluating financial activities and forecasts against budgetary controls and available funds
Reviews and reconciles Country Program intercompany accounts on a monthly basis. Communicates with country FDs on discrepancies
Ensures overheads due to HQ are reported in Country Program books and corresponding entries are made in HQ
Ensures monthly revenue recognition for Country Programs are done properly and grant accounts are reconciled monthly
Reviews monthly bank reconciliations of Country Programs and oversees other month-end closing steps are completed on or before the deadline
Supports Country Programs with their cash management by reviewing and improving on available cash flow monitoring tools
Supports Country Programs in the development of annual budgets and quarterly financial forecasts
Assists with the oversight of Country Program external audits and review of results
Set-up grant project codes and budgets for all new grants in the Accorto system to facilitate proper allocation of HQ time tracking and labor cost allocations in support of grants for assigned country offices
Undertakes all other duties and projects as may be assigned from time to time
Other Duties And Responsibilities
Performs and documents complex financial analyses
Assists in ensuring internal control procedures are followed
Assists with the annual budget and external audit processes
Contributes to the HQ Finance department's periodic planning process by reviewing budgets for USAID grants for accuracy and consistency
Cross trained on accounts payable, cash disbursements, cash receipts processes, and other
HQ finance functions to provide support, as needed
Performs other duties as required
Requirements
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Minimum of Associate Degree in Accounting. A Finance or Business Management degree with enough accounting credits can be accepted in lieu of an Accounting degree
CPA, CA or CPA/CA candidacy preferred but not required
Minimum of 5 years of related experience with some years in an international nonprofit setting. US government, UK, Canada, EU, Sweden, Family Foundations and other donor funded grant management and compliance experience
Prior demonstrated experience with Oracle NetSuite financial system is strongly preferred
Experience with NetSuite or a similar modern, cloud-based ERP system is required
Proficient in Microsoft Office Suite with a high degree of proficiency in Excel
Fluency in English required
Fluency in French preferred to facilitate communications with country finance teams
Intermediate knowledge of non-profit accounting practices, including multi-currency accounting, budgets and financial reporting
Familiarity with USAID rules and regulations
Willingness and ability to do basic or transaction-level accounting tasks
Excellent critical thinking skills and sound judgment. Proven willingness to make timely and sound decisions based on accurate judgment
Effective time management skills, self- motivated, critical attention to detail and deadlines, able to work independently
Excellent interpersonal skills necessary to work effectively with persons on all levels both inside and outside iDE
Ability to work effectively in an atmosphere of multiple projects, shifting priorities, and deadline pressure
Ability to work effectively in physical or virtual teams and multicultural environment
Willing and able to travel to field offices as needed
Availability and willingness to interact with team members in other time zones, when needed
Personal qualities of integrity, credibility, and a commitment to iDE's mission
Performing other duties as requested
Benefits
Diversity Statement:
iDE takes pride in our talented and diverse workforce. Minorities, women, and individuals with disabilities are encouraged to apply. Hiring, promotion, and compensation of employees are conducted without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, or age.
Location:
Can be based in any of the following: United States (Arizona, Colorado, Florida, Illinois, Maryland, Minnesota, North Carolina, New Jersey, Pennsylvania, Washington, Washington D.C.), any Country office where iDE currently has operations (Bangladesh, Cambodia, Ethiopia, Ghana, Honduras, Mozambique, Nepal, Vietnam, Zambia, UK) with existing right to work.
For US employees, some remote work permitted but in-office presence is strongly preferred due to the collaborative nature of this position.
Application Deadline: Thursday, July 11, 2024 @11:59pm MDT.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance
Industries
Non-profit Organizations and Primary and Secondary Education
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