The Senior Director of International Finance (SrDIF) is responsible for the overall financial management and compliance of Corus International’s international operation’s activities. Responsibilities include the management of international accounting operations, international treasury services, management, and donor reporting, budget processes, financial analysis and forecasting, direct support for the New Business Development unit, and the development and oversight of compliance and financial management systems, procedures, and internal controls required for international operations. The position also ensures compliance with Generally Accepted Accounting Principles (GAAP), applicable regulatory requirements, specific donor requirements, and internal policies and procedures. The SrDIF is responsible for ensuring the integrity of Corus’ overall and individual (e.g., LWR, IMA, IMAi, etc.) general ledgers related to international activities.
As a key leader within the organization, the SrDIF provides innovative solutions for Corus’ emerging financial management needs, as well as timely strategic decision support for the Leadership Team, Board of Directors, International Program Department, and other stakeholders. The position provides staff support as required to the Audit and Risk and Finance Committees of the Board. The SrDIF directly supervises 3 staff with a combined team of 14 at HQ and has dotted line responsibilities for regional and country finance staff in over 17 countries globally.
Implement effective internal controls and compliance management
- Design, implement, and maintain effective internal control systems for overseas country offices and assist partner organizations in similar efforts. Monitor systems and controls and ensure consistent application in overseas offices. Anticipate and plan for the impact of country office staffing changes on internal control structures.
- Review and update as necessary all financial policies in the Overseas Financial Administration Manual (OFAM) in conjunction with the Vice President for International Operations and Senior Vice President for Finance and Administration.
- Support HQ and country office staff requests for guidance regarding the implementation of policies reflected in the OFAM and other financial policies and procedures. Coordinate financial and administrative support related to the opening and closing of overseas offices; coordinate with program staff as necessary.
- Coordinate efforts by the IF team to monitor country office utilization of general ledger software (QuickBooks and Abila MIP). Monitor country office accounting and reporting performance and assist those offices requiring further technical support and/or training. Maintain guidelines/standards for accounting services performed by staff and/or outsourced accounting services in overseas offices and monitor adherence to those standards.
- Coordinate monitoring of working capital maintained in Country Offices and lead the IF team in implementing optimal working capital practices with donors, partners, and Country Offices.
- Review financial activity reported by country offices (field journals) for accuracy and completeness prior to import into the HQ general ledger (MIP).
- Coordinate appropriate business process improvement efforts and financial system enhancements in LWR’s country offices.
Build financial management capacity among staff and partner organizations
Deliver effective internal & external reporting and decision support
- Coordinate the risk rating review and report issuance of subs/partners in collaboration with Internal Audit / Enterprise Risk Management.
- Work with appropriate LWR departments to design training curriculum and programs that target the strengthening of financial management knowledge and capacity of HQ and field staff and partners.
- Assist in the identification of local resources (e.g., training, consultants, etc.) that can help improve the efficiency and effectiveness of the financial and administrative services provided by country office staff.
- Participate in hiring processes for overseas office finance staff.
- Coordinate finance/administration orientations for new overseas office staff, particularly for Regional Representatives and country office senior-level finance staff.
- Assist country offices in developing plans to effectively monitor and support partner/subrecipient compliance with funding agreement requirements and financial management standards.
New Business Development (NBD) Support on Cost Proposals
- Lead the IF team in producing timely and accurate financial reporting in accordance with restricted donor agreements (e.g., USG, DFID, World Bank, Foundations, and other restricted funded activity). Ensure that those reports comply with all restricted award regulations and provisions including the level of detailed reporting, matching requirements, and other specific provisions.
- Facilitate the timely submission of other reporting requirements related to international operations including annual USAID registration, Treasury Department reporting, etc.
- Assist F&A staff in preparing consolidated financial reports and related analysis for the Board of Directors and supporting committees as required by governance policies.
- Develop responsive service structures that effectively respond to ad-hoc financial reporting and analysis requests and facilitate informed decision-making by the leadership team and other business units.
- Assist F&A in preparing, submitting, and negotiating the annual indirect cost rate agreement with the organization’s USG cognizant agency.
- Integrate general ledger (MIP) data with other organization databases and systems as needed, including the reconciliation of MIP to those systems.
Budgeting and forecast support
- Lead the IF team in providing direct support to the NBD unit and program department as new business development opportunities are sought from public and private donors. Actively support and review all budgets for restricted award/contract proposals.
- Represent F&A at NBD planning meetings and serve as the F&A point person for supporting new business development opportunities.
- Review and update as necessary all financial and compliance management sections of any Grants Administration Manuals, Overseas Financial Administration Manual, and Project Management Manual, among others.
- Ensure that Cost Recovery Guidelines are followed as HQ, country office, and partner costs are included in consolidated budget proposals for restricted awards.
- Coordinate necessary financial capacity pre-award assessments of potential sub-recipients in relation to new business proposals.
Lead/Manage International Finance Team
- Lead the IF team in supporting assigned budget holders during the annual budget process. Review budget holder activity plans to ensure alignment with budgeted resources and review the budget for overall accuracy and completeness prior to submission.
- Develop and manage the annual budget for the IF unit.
- Develop consolidated annual revenue budget for restricted awards.
- Issue quarterly budget variance analyses (BVAs) to HQ program staff and overseas offices related to the financial performance of restricted and unrestricted funded projects. Provide guidance to budget holders regarding corrective action as necessary.
- Assist in financial forecasting exercises to project anticipated income, expenditures, and net surplus/deficit through the end of the fiscal year. Lead the IF team in supporting assigned budget holders in the completion of accurate financial forecasts. Assist F&A in conducting necessary analysis related to forecasted data.
Annual audit preparation and support
- Manage international finance team supporting all international accounting operations of all agencies including general ledger maintenance, accounts payable, reconciliations between multiple management systems, monthly closings, accounting procedure, and internal control development and maintenance, and compliance with GAAP and local, state, federal, and international regulations and accounting requirements.
- Oversee an annual team and individual work plans and regularly assess team performance against objectives.
- Promote a culture of high performance, continuous improvement, and client support that values learning and a commitment to quality.
- Train and develop employees to successfully perform current responsibilities and achieve professional growth.
Perform other duties as assigned
- Assist F&A in the preparation and support for independent audits, ensuring that “prepared by a client” requests are prepared and delivered on time, regulatory and compliance requirements are met, and financial statement preparation is conducted in accordance with GAAP, OMB circulars, and other requirements.
- Provide appropriate information regarding International Finance accounting and compliance management processes to the auditors.
- Support strategic planning coordination and serve as the principal liaison for F&A on strategic and operational IF planning activities.
- Support familiarity and compliance with safety and security procedures throughout the organization.
- Engage in ongoing professional development to learn new regulatory requirements and best business practices utilized by other organizations.
- Bachelor’s degree in Finance, Accounting or related field; CPA/CMA/CA and/or Master’s degree preferred.
- A minimum of 10 years of work experience, including 5 years of supervisory experience.
- Fluency in Spanish or French highly desired.
- Knowledge of U.S. accounting standards for non-profit organizations.
- Demonstrated excellence in finance, accounting, budgeting, control, and reporting.
- Abila MIP experience or related accounting software.
- Experience with financial and accounting systems; highly skilled in MS Excel.
- Strong financial modeling, budgeting, and analytical skills utilizing advanced Excel techniques.
- Knowledge of U.S. Government regulations and project management experience.
- Experience working with various non-USG public donors (e.g., World Bank, DFID).
- Advanced knowledge of accounting principles for international nonprofits.
- Strong analytical, problem solving, and presentation skills.
- Proficiency in Microsoft Office, budgeting and financial reporting packages.
- Ability to travel up 30 percent of his/her time, possibly to remote regions which may include adverse conditions and/or disaster zones. Ability to withstand extremes of temperature and altitude.
- Excellent skills in the design and maintenance of financial management systems, internal controls, finance policies, and procedures development, and business planning and analysis.
- Exceptional analytical and innovative problem-solving skills with the ability to handle multiple tasks under tight deadlines and competing priorities.
- Must have a quantitative grasp on complex issues while being able to distill the facts and focus on key business needs.
- Demonstrated ability to work independently as well in teams and in a collaborative environment.
- Strong interpersonal abilities. The capability of influencing others in a global, cross-functional organization; consultative and creative plus the ability to work effectively with others at all levels of the organization.
- Excellent communication skills (interpersonal, written and spoken), with a “can-do” positive and proactive attitude
- Effective presentation skills including the ability to successfully present complex subject matter to Leadership Team, Board of Directors, staff, and others.
- Leadership skills as a change facilitator and exceptional client-service orientation.
- Effective skills in recruiting, mentoring, and developing staff.
About the Organization
We are a family of organizations who believes that those who were born into impossible circumstances deserve the possibility of a better life.
Our dedicated experts around the globe work together to bring life-saving aid and long-term hope to even the most fragile corners of the world and in the most challenging of circumstances. We connect disciplines, approaches and people because we know that the more collaboration we can efficiently achieve, the wider, more systemic impact we can create.
It’s belief and action, in harmony.