Head​ ​of​ ​Finance​ ​and​ ​Admin


Organisation:  Villgro

Apply By:  30 Sep . 2017

Location:  Chennai(Tamil Nadu)

Head​ ​of​ ​Finance​ ​and​ ​Admin
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Head​ ​of​ ​Finance​ ​and​ ​Admin

About​ ​Villgro​ ​Innovations​ ​Foundation:

Founded in 2001, Villgro is India’s oldest and foremost social enterprise incubator, focused on solving some of India’s most critical problems through market-based models. Villgro inspires, mentors, funds and incubates innovative social enterprises in four sectors across India: education, healthcare, agriculture and energy. Villgro is a non-profit organization and an approved Incubator by the Department of Science and Technology, Government of India. Since inception Villgro has incubated 120 social enterprises and entrepreneurs, provided them with seed funding of approximately INR 140 million; these enterprises have gone on to generate around 4,000 jobs, have secured INR 1195 million in follow-on funding, and have touched over 15 million underprivileged lives.

For more details about Villgro, please visit http://villgro.org/

Position​ ​Summary:

Head of Finance will lead on all financial matters, supporting the management to assess and manage the implications of financial issues in the short and long-term. Develop and oversee financial management policies and practices, which reflect good practice, are within Villgro’s current financial management policy. The person will be responsible for Financial management, Governance & Compliance, and programmatic support.

Roles​ ​and​ ​responsibilities:

● ​ ​Management​ ​and​ ​Strategy:

○ Serve as a part of management team - participate in key decisions pertaining to strategic initiatives, operating model and operational execution.

○ Work with the leadership to develop and refine the business model and build a detailed financial projections that could be used both as an execution blueprint and also for raising external funding as required.

○ As a true partner to the President, assess organizational performance against both the annual projections and foundation’s long-term strategy. Assist in developing financial and operational metrics for Villgro at large and in specific for its different programmes.

○ Develop tools and systems such as dashboards to measure the above metrics and provide critical financial and operational information to the CEO and board and make actionable recommendations on both strategy and operations.

○ Engage and present to the board on financial utilization, funding and donor pipeline, revenue streams, etc.

●​ ​ ​ ​ ​ ​ ​Financial​ ​Planning​ ​and​ ​Analysis

○ Develop unit economics for each of the programme and compute the minimum level of customers that we need to serve to be “viable”. Keep track of this closely.

○ Prepare and maintain regular financial reports; monthly expense forecast by sector (vs. projections); rolling 3 month cash out-flow forecast. Incorporate programme wise and incubate wise reporting and analysis in the accounting system to separately track performance of each program and incubate against budget/projections. ○ Complete financial analysis of various business initiatives (e.g., launching new operations, new programs etc).

○ Develop budgets for new initiatives/programmes as well as programme wise/donor wise budgets as part of annual work-plan.

○ Oversee cash flow, investment and asset management planning and ensure availability of funds as needed. Cash flow controls is to ensure that utilization is as per plans and also to ensure Villgro generates deploys any unutilized amounts in banks that generate best fixed deposit returns.

○ Oversee banking relationships.

○ Understand key elements of the foundation's risk profile and create mitigation strategy.

○ Ensure that overheads of Villgro never cross 10% of the programme budgets at any time.

Donor​ ​Relations

○ Represent the foundation, along with the CEO, President or respective programme heads, with donors, financial institutions, investors and at other major events as required.

○ Participate in quarterly calls with existing and potential donors to ensure transparency with respect to financial management.

○ Ensure timely and comprehensive reporting to donors, as outlined in contracts with donor agencies.

Accounting​ ​and​ ​Administration

○ Develop and lead the day to day operations of the accounting department, including the design of an organizational structure adequate for achieving department's goals and objectives.

○ Develop and document robust accounting policies and procedures. Ensure maintenance of appropriate internal controls and financial procedures at all times.

○ Ensure timeliness, accuracy, and usefulness of financial and management reporting.

○ Oversee preparation of month-end, quarter-end and year-end financial statements.

○ Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation.

○ Serve as final point of escalation for Accounts Receivable/Accounts Payable issues.

○ Serve as a key point of contact for internal and external auditors; manage preparation and support of all internal and external audits. ○ Oversee HR Administration in areas such as PF, offer letters, increments, appraisals etc.

○ Implement good employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package.

Cash​ ​Management

○ Oversee weekly cash management; Approve weekly payables; Execute check signing.

Incubatee​ ​Investing/Granting

○ Support incubation team in detailed diligence of potential incubatees, with a specific focus on analysis of projected unit economics.

○ Work with select incubatees to set-up their accounting and audit systems.

○ Build partnerships with 1 or 2 service providers who can be accounting partners to incubatees.

○ Analyse financial statements of incubatees and communicate observations to the CEO/President.

Others

○ Oversee the IT,MIS and Admin functions.

○ Manage any third parties to which the above functions have been outsourced.

○ Manage the foundation’s assets, real estate affairs consisting of leases and subleases with various landlords; negotiate new leases.

○ Maintain appropriate insurance coverage.

○ Review all agreements and MOUs and apprise the management about any financial liability, prior to commitments made and signatures by the CEO/President.

○ Managing all the compliance and regulatory activities including income tax, companies act, FCRA, PF.

○ Coordinating and Managing various assessments initiated by the regulatory

authorities.

Accountability

○ Responsible for overall financial management which includes key elements of the foundation's risk profile and creates mitigation strategy.

○ Engage and present to the board on financial utilization, funding and donor pipeline, revenue streams, creation of a corpus etc.

Required​ ​qualifications:

● Bachelor’s degree required

● CA qualification is preferred

● 10 years of work experience

● Previous work with social enterprise is an added advantage

Personal​ ​qualities:

● Data driven decision making mentality and sound business judgment.

● Self-starter, capable of taking initiatives and making decisions in a collaborative manner.

● Ability to thrive in an entrepreneurial environment and manage workload at fast pace with strong attention to detail.

Location:

Chennai

Compensation:

Based on experience

Reporting​ ​to:

President, India

 

Head​ ​of​ ​Finance​ ​and​ ​Admin

About​ ​Villgro​ ​Innovations​ ​Foundation:

Founded in 2001, Villgro is India’s oldest and foremost social enterprise incubator, focused on solving some of India’s most critical problems through market-based models. Villgro inspires, mentors, funds and incubates innovative social enterprises in four sectors across India: education, healthcare, agriculture and energy. Villgro is a non-profit organization and an approved Incubator by the Department of Science and Technology, Government of India. Since inception Villgro has incubated 120 social enterprises and entrepreneurs, provided them with seed funding of approximately INR 140 million; these enterprises have gone on to generate around 4,000 jobs, have secured INR 1195 million in follow-on funding, and have touched over 15 million underprivileged lives.

For more details about Villgro, please visit http://villgro.org/

Position​ ​Summary:

Head of Finance will lead on all financial matters, supporting the management to assess and manage the implications of financial issues in the short and long-term. Develop and oversee financial management policies and practices, which reflect good practice, are within Villgro’s current financial management policy. The person will be responsible for Financial management, Governance & Compliance, and programmatic support.

Roles​ ​and​ ​responsibilities:

● ​ ​Management​ ​and​ ​Strategy:

○ Serve as a part of management team - participate in key decisions pertaining to strategic initiatives, operating model and operational execution.

○ Work with the leadership to develop and refine the business model and build a detailed financial projections that could be used both as an execution blueprint and also for raising external funding as required.

○ As a true partner to the President, assess organizational performance against both the annual projections and foundation’s long-term strategy. Assist in developing financial and operational metrics for Villgro at large and in specific for its different programmes.

○ Develop tools and systems such as dashboards to measure the above metrics and provide critical financial and operational information to the CEO and board and make actionable recommendations on both strategy and operations.

○ Engage and present to the board on financial utilization, funding and donor pipeline, revenue streams, etc.

●​ ​ ​ ​ ​ ​ ​Financial​ ​Planning​ ​and​ ​Analysis

○ Develop unit economics for each of the programme and compute the minimum level of customers that we need to serve to be “viable”. Keep track of this closely.

○ Prepare and maintain regular financial reports; monthly expense forecast by sector (vs. projections); rolling 3 month cash out-flow forecast. Incorporate programme wise and incubate wise reporting and analysis in the accounting system to separately track performance of each program and incubate against budget/projections. ○ Complete financial analysis of various business initiatives (e.g., launching new operations, new programs etc).

○ Develop budgets for new initiatives/programmes as well as programme wise/donor wise budgets as part of annual work-plan.

○ Oversee cash flow, investment and asset management planning and ensure availability of funds as needed. Cash flow controls is to ensure that utilization is as per plans and also to ensure Villgro generates deploys any unutilized amounts in banks that generate best fixed deposit returns.

○ Oversee banking relationships.

○ Understand key elements of the foundation's risk profile and create mitigation strategy.

○ Ensure that overheads of Villgro never cross 10% of the programme budgets at any time.

● Donor​ ​Relations

○ Represent the foundation, along with the CEO, President or respective programme heads, with donors, financial institutions, investors and at other major events as required.

○ Participate in quarterly calls with existing and potential donors to ensure transparency with respect to financial management.

○ Ensure timely and comprehensive reporting to donors, as outlined in contracts with donor agencies.

● Accounting​ ​and​ ​Administration

○ Develop and lead the day to day operations of the accounting department, including the design of an organizational structure adequate for achieving department's goals and objectives.

○ Develop and document robust accounting policies and procedures. Ensure maintenance of appropriate internal controls and financial procedures at all times.

○ Ensure timeliness, accuracy, and usefulness of financial and management reporting.

○ Oversee preparation of month-end, quarter-end and year-end financial statements.

○ Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation.

○ Serve as final point of escalation for Accounts Receivable/Accounts Payable issues.

○ Serve as a key point of contact for internal and external auditors; manage preparation and support of all internal and external audits. ○ Oversee HR Administration in areas such as PF, offer letters, increments, appraisals etc.

○ Implement good employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package.

● Cash​ ​Management

○ Oversee weekly cash management; Approve weekly payables; Execute check signing.

● Incubatee​ ​Investing/Granting

○ Support incubation team in detailed diligence of potential incubatees, with a specific focus on analysis of projected unit economics.

○ Work with select incubatees to set-up their accounting and audit systems.

○ Build partnerships with 1 or 2 service providers who can be accounting partners to incubatees.

○ Analyse financial statements of incubatees and communicate observations to the CEO/President.

● Others

○ Oversee the IT,MIS and Admin functions.

○ Manage any third parties to which the above functions have been outsourced.

○ Manage the foundation’s assets, real estate affairs consisting of leases and subleases with various landlords; negotiate new leases.

○ Maintain appropriate insurance coverage.

○ Review all agreements and MOUs and apprise the management about any financial liability, prior to commitments made and signatures by the CEO/President.

○ Managing all the compliance and regulatory activities including income tax, companies act, FCRA, PF.

○ Coordinating and Managing various assessments initiated by the regulatory

authorities.

● Accountability

○ Responsible for overall financial management which includes key elements of the foundation's risk profile and creates mitigation strategy.

○ Engage and present to the board on financial utilization, funding and donor pipeline, revenue streams, creation of a corpus etc.

Required​ ​qualifications:

● Bachelor’s degree required

● CA qualification is preferred

● 10 years of work experience

● Previous work with social enterprise is an added advantage

Personal​ ​qualities:

 

● Data driven decision making mentality and sound business judgment.

● Self-starter, capable of taking initiatives and making decisions in a collaborative manner.

● Ability to thrive in an entrepreneurial environment and manage workload at fast pace with strong attention to detail.

Location:

Chennai

Compensation:

Based on experience

Reporting​ ​to:

President, India

How​ ​to​ ​apply​:

If you like to work in an employee friendly office, alongside a team that values social impact, please apply to tanvi@villgro.org  with your CV and with subject line ‘Head of Finance and Admin’.

 

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How​ ​to​ ​apply​:

If you like to work in an employee friendly office, alongside a team that values social impact, please apply to tanvi@villgro.org  with your CV and with subject line ‘Head of Finance and Admin’.

 
 

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