Job Description

Title: Director, Finance & Administration

Company Name: Ikigai HR Services Limited

Vacancy: --

Location: Dhaka (Banani)

Salary: Tk. 150000 - 180000 (Monthly)

Experience:
∎ 8 to 12 years
∎ The applicants should have experience in the following business area(s):NGO, Educational Technology (Edtech) Startup

Published: 26 Aug 2024

Education:
∎ Bachelor of Business Administration (BBA) in Accounting
∎ Bachelor’s degree from a reputable Bangladeshi or international university.
∎ CFA/CPA and/or MBA and/or LLM/JD
∎ Bachelor’s degree from a reputable Bangladeshi or international university.
∎ CFA/CPA and/or MBA and/or LLM/JD

Requirements:

Additional Requirements:
∎ 8-12 years of finance and compliance-related experience.
∎ Strong desire to learn and/or familiarity and experience with non-profits and non-profit accounting/finance (non-profit issues, experience in or knowledge of nonprofit accounting, including sophisticated fund and grant accounting, compliance, and reporting; knowledge of grants management as it relates to compliance and reporting of international and domestic corporate, individual, and foundation grants)
∎ Excellent people and communication skills, especially in discussing financial topics internally with a variety of staff and externally with key stakeholders
∎ Strong forecasting skills; experience in modeling and forecasting complex operating models.
∎ Proficiency in financial management software and systems, such as ERP systems, accounting software (e.g., QuickBooks, Sage), and advanced Excel skills.
∎ 8-12 years of finance and compliance-related experience.
∎ Strong desire to learn and/or familiarity and experience with non-profits and non-profit accounting/finance (non-profit issues, experience in or knowledge of nonprofit accounting, including sophisticated fund and grant accounting, compliance, and reporting; knowledge of grants management as it relates to compliance and reporting of international and domestic corporate, individual, and foundation grants)
∎ Excellent people and communication skills, especially in discussing financial topics internally with a variety of staff and externally with key stakeholders
∎ Strong forecasting skills; experience in modeling and forecasting complex operating models.
∎ Proficiency in financial management software and systems, such as ERP systems, accounting software (e.g., QuickBooks, Sage), and advanced Excel skills.

Responsibilities & Context:
∎ Position Summary:
∎ The Director of Finance and Legal will oversee all aspects of finance, accounting, reporting activities, and compliance. S/he will be tasked with creating long-term financial structures and developing and implementing the appropriate accounting and financial control systems to ensure financial sustainability of the organization. This position is ideal for someone who is looking for an opportunity to take on a critical leadership role in a dynamic, evolving and fast-paced non-profit that strives to have a tremendous, long-term impact on education in Bangladesh. The Director will lead all day-to-day finance operations and supervise a team of two to three staff members, with potential growth of the team, including functional responsibility over accounting, grants management, budget development, forecasting and monitoring, outside audit and federal financial reports, US and domestic taxes, domestic payrolls, and financial policies and procedures. The Director will ensure that the company has the systems and procedures in place to support rapid growth and conduct flawless audits. S/he will leverage technology for financial operations and reporting and develop sustainable financial practices and inclusive financial strategies which focus on equitable compensation and benefits, transparent financial reporting, sustainable investments, compliance and ethical standards. S/he will work closely with senior leadership members and their teams on planning and analysis and to educate them regarding finance and accounting procedures. will be the key individual leading strategic and tactical engagements with the NGO Affairs Bureau, and any other regulatory bodies.
∎
∎ Major Responsibilities
∎ Finance Planning and Analysis
∎ • Develop and monitor budgets and forecasts. Lead compani’s leadership in an annual budgeting and mid-year reforecast process; administer and review all financial plans on a monthly basis and compare to actual results with a view to identify, explain, and correct variances as appropriate.
∎ • Develop short-, medium-, and long-term financial plans and projections.
∎ • Partner with the executive team to address all operational and strategic issues as they arise; provide strategic recommendations to the executive team based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.
∎ • Represent the organization to financial partners, including financial institutions, investors, auditors, etc.
∎ • Oversee the preparation and approval of all financial reporting materials and metrics for funders, the Board of Directors, and key external constituents; prepare and communicate monthly and annual financial statements for internal and external use.
∎ • Incorporate technology and data analytics to improve financial planning and analysis processes.
∎ • Ensure financial plans include sustainability goals and practices.
∎ Financial and Accounting Management
∎ • Manage cash flow and forecasting; direct all financial, project-based, and departmental accounting.
∎ • Oversee all accounts, ledgers, and reporting systems ensuring compliance with appropriate standards and regulatory requirements.
∎ • Maintain internal control and safeguards for receipt of revenue, costs, and program budgets and actual expenditures. Help ensure maintenance of fiscal policies and procedures.
∎ • Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes and keep senior leadership abreast of TFB’s financial status. Coordinate activities between development and finance.
∎ • Oversee all financial, project/program, and grants accounting; ensure that expenditures are consistently aligned with grant and program budgets throughout the grant/fund period; collate financial reporting materials for international and domestic governmental agencies, corporate, and foundation grants.
∎ • Oversee all audit activities.
∎ • Oversee proper filing of tax returns in Bangladesh and the US.
∎ • Ensure legal and regulatory compliance regarding all financial functions.
∎ • Implement and oversee advanced financial software and technology to streamline operations.
∎ • Develop and enforce policies related to environmental, social, and governance (ESG) criteria in financial management that are aligned with organizational goals.
∎ Legal and Compliance
∎ • Maintain responsibility for all internal and external contracts for staff, Fellows, vendors, donors, partners, etc.
∎ • Liaise with external legal counsel to ensure compliance.
∎ • Ensure compliance with new regulations related to data privacy and cybersecurity.
∎ • Update and maintain policies to reflect changes in local and international financial regulations and standards.
∎ • Oversee the engagement with the NGO Affairs Bureau and District Commissioners offices in multiple regions, to ensure strong relationships with stakeholders.
∎ Strategic Communication and Stakeholder Engagement
∎ • Possess strategic communication skills to effectively convey financial insights and organizational performance to a diverse range of stakeholders, including board members, donors, government agencies, and educational institutions. This involves presenting complex financial data in a clear and compelling manner, ensuring transparency and fostering trust.
∎ • Adept at crafting persuasive narratives that align financial strategies with the mission and vision of the company, facilitating buy-in and support from various stakeholders including donors and partners.
∎ Risk Management
∎ • Identify, assess, and mitigate financial risks that could impact the organization’s sustainability and growth. This includes developing robust financial models and forecasts to predict potential risks such as funding shortfalls, economic downturns, and changes in donor behavior.

Skills & Expertise:

Compensation & Other Benefits:
∎ Mobile bill, Provident fund, Weekly 2 holidays, Gratuity, Insurance
∎ Salary Review: Yearly
∎ Festival Bonus: 2

Employment Status: Full Time

Job Location: Dhaka (Banani)

Apply Procedure:

Email your CV:
∎ Send your CV to the given email [email protected] or Email your CV from My Bdjobs account

Company Information:
∎ Ikigai HR Services Limited
∎ Concord Delwar Villa, House No-63, 1st Floor (1-A), Road-1, Block-I, Banani-1213, Dhaka, Bangladesh
∎ Ikigai, an HR services provider inspired and built on the original Japanese concept referring to “a reason for being”.

In this unprecedented time, the evolution and strategic missions of HR are more important than ever. To evolve with the shifts of HR, Ikigai is here to support organizations of all types and sizes unleash their potential.

Ikigai believes in providing comprehensive services that simply encompasses the philosophy of enriching lives through resource development with the integration of cutting-edge technology. Our services are designed to be tailor-made for each organization to provide the best data-driven result.

Address::
∎ Concord Delwar Villa, House No-63, 1st Floor (1-A), Road-1, Block-I, Banani-1213, Dhaka, Bangladesh
∎ Ikigai, an HR services provider inspired and built on the original Japanese concept referring to “a reason for being”.In this unprecedented time, the evolution and strategic missions of HR are more important than ever. To evolve with the shifts of HR, Ikigai is here to support organizations of all types and sizes unleash their potential.Ikigai believes in providing comprehensive services that simply encompasses the philosophy of enriching lives through resource development with the integration of cutting-edge technology. Our services are designed to be tailor-made for each organization to provide the best data-driven result.

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Application Deadline: 30 Aug 2024

Category: Accounting/Finance