Finance Operations Director

Finance Operations Director
iDE, Bangladesh

Experience
1 Year
Salary
0 - 0
Job Type
Job Shift
Job Category
Traveling
No
Career Level
Telecommute
No
Qualification
As mentioned in job details
Total Vacancies
1 Job
Posted on
Dec 27, 2023
Last Date
Jan 27, 2024
Location(s)

Job Description

iDE (International Development Enterprises) is a nonprofit organization dedicated to ending poverty. With over 40 years of experience, iDE is a pioneer in market-based development. Our work within agriculture, sanitation, climate change resilience, and gender equality stands out because we don’t simply provide handouts. Instead, iDE believes in powering small-scale entrepreneurs and building robust market ecosystems that lay the groundwork for low-income and marginalized people to prosper on their terms. iDE has almost 1,300 global staff and offices in 10 countries across Africa, Asia, and Central America.

iDE established its first country program in Bangladesh in 1983. Today, it’s the longest-standing international NGO specializing in market systems in Bangladesh. Our diverse portfolio spans across agricultural markets, water, sanitation, and hygiene (WASH); renewable energy; and climate-smart technologies.

iDE Bangladesh is currently seeking a qualified Director of Finance and Operations (DFO). This position is based in Dhaka, Bangladesh. Reporting to the iDE Bangladesh Country Director, the DFO is a critical member of the iDE Bangladesh Senior Leadership Team charged with overseeing all budget and scal functions, operations, policies, and procedures. The DFO is responsible for ensuring compliance with iDE financial policy, timely and accurate financial reporting for management and donors, and supervision of finance and operations staff.

The DFO will support the long-term strategy of the iDE Bangladesh portfolio to ensure alignment with iDE Global objectives at all levels. The DFO must prepare financial reporting that strictly complies with reporting requirements from various donors according to their requirements and formats. The DFO also ensures that financial audits are performed in accordance with iDE expectations. This includes annual financial statement audits and donor-stipulated audits. This position also reports indirectly to the iDE Vice President of Finance (VP)/ Regional Finance in a matrix reporting arrangement. The DFO is required to communicate and collaborate with the Regional Finance Leader regularly to ensure the achievement of goals. The DFO will be given performance feedback by the iDE VP of Finance/ Regional Finance leader and the iDE Bangladesh Country Director.

Responsibilities:

The DFO is an integral part of the iDE Bangladesh leadership team and will be responsible for managing overall finance, budget, general financial administration, and Operations including Administration, Procurement, HR, and IT of the organization. S/he will provide leadership, supervision, capacity building, and mentoring for all staff involved in finance. S/he would be responsible for regular audits, contracts, and financial reporting to all donors and IDE Headquarters. S/he will ensure effective and efficient financial and grants functions and ensure protection, control amp; use of financial resources and costs. The key responsibilities of the Director of Finance and Operations will include but are not limited to the descriptions below:

General Responsibilities

  • Ensures, in close cooperation with the Country Director and VP of Finance, that iDE’s financial policies are communicated and enforced throughout iDE Bangladesh to ensure the highest possible integrity and compliance with policies. This should be demonstrated by the consistent achievement of high-quality audit reports.
  • Leads the annual budget development process, monitor expenditures and variances, and proactively updates income and expense projections;
  • Leads strategic analysis and planning for all business operations including scenario analysis, horizon scanning and assessment of opportunity and risk, including cash ow forecasting to meet cash ow needs and adherence to operational requirements;
  • Leads the design, development and nalization of all balance sheet reconciliations (bank accounts, investments, prepaids, deposits, accruals, depreciation, etc.) on regular fashion;
  • Leads treasury management system and process to select, set up, and manage scal and payroll systems to ensure timely and accurate use of fund, cash ow and related reporting;
  • Supervises and oversees the development of accurate monthly and ad hoc nancial reports for the iDE Bangladesh Country Director, Senior Management team (SMT) and donors/ partners;
  • Support the Country Directors and senior technical staff in achieving success of country programs by developing forecasts of grant activity on a monthly basis to ensure that resources are properly deployed to optimally support active grants.
  • Leads annual audit process and serve as the primary liaison with audit rm;
  • Oversees tax preparation and liaise with tax advisory firms on the current tax regulations;
  • Oversees documentation of pro bono revenue/ contributions, consulting revenues, shared costs allocati

Job Specification

Job Rewards and Benefits

iDE

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