Chief Finance Officer

Employment Type: Active - Full Time

Minimum Experience: Senior Executive

• Employer: Village Enterprise (a U.S. non-profit based in San Carlos, CA with offices in Kenya, Uganda, Rwanda, and Ethiopia)
• Industry: Microenterprise/Microfinance/International Development/Social Entrepreneurship
• Job Title: Chief Finance Officer
• Reports to: President/CEO
• Job Location: San Francisco Bay Area preferred; fully remote working possible
• Website: VillageEnterprise.org
• Start Date: As soon as possible
• Travel:10%+ - This role would include travel to field offices in Kenya, Uganda, Rwanda, and sub-Saharan Africa

About Village Enterprise:

Village Enterprise’s mission is to end extreme poverty through entrepreneurship and innovation. Over the years, Village Enterprise has transformed the lives of over 1.2 million people living in extreme poverty in Africa. The organization’s new strategy focuses on ‘scale and impact’, and has ambitious goals in both areas. Village Enterprise intends to impact the lives of 20 million people living in extreme poverty by 2030. Over the next three years, we plan to significantly increase the number of households we serve (from 12,000/year to over 26,000/year) and expand into new countries. This will require growing our budget from $10 million to $25 million+ and continuing to expand our reserve to ensure financial sustainability. To support this growth, Village Enterprise needs an experienced CFO who will provide leadership and oversight of our finance and accounting team and act as a thought partner to the CEO and members of the executive team.

For more information, please visit www.villageenterprise.org/

Village Enterprise is seeking a Chief Finance Officer who will be a key member of the executive leadership team working closely with the CEO and the Board of Directors and will drive strategic financial decision-making for the organization. The ideal candidate will be passionate about our mission of ending extreme poverty in Africa; will be a role model to others when it comes to our values of ubuntu, integrity, passion, sustainability, and innovation; and will have the technical expertise to oversee and guide our organization during this high growth phase.

Financial Management

• Serve as a key member of the executive leadership team, providing financial planning, analysis, and operational insight to support the executive team’s decision-making.
• Assess and evaluate the organization’s financial performance with regard to long-term operational and strategic goals, budgets, and future financial security
• Lead on the development of annual operating and capital budgets
• Manage cash flow for all parts of the organization, including the preparation of a monthly cash flow report and the transfer of field funds to meet operational cash requirements
• Review and analyze monthly financial results and provide recommendations to budget managers. Accountable for supporting Country Directors to have up-to-date information and maintaining country budget level success.
• Collaborate with the development team to design proposal budgets to support the acquisition of large-scale donor funding
• Partner with the Chief Development Officer to manage restricted grant funding and the release of restrictions
• Lead the quarterly Finance Committee meeting, including the preparation of Board financial reports

Accounting Operations

• Supervise the accounting departments and staff in Africa and the US
• Responsible for the timeliness and accuracy of financial and management reporting for both internal and external audiences
• Oversee the month-end close process including adherence to Village Enterprise transaction review procedures, balance sheet reconciliations, project allocations, and consolidation of subsidiary accounting ledgers
• Manage the preparation of monthly, quarterly and annual financial statements; conduct quarterly reviews with functional team Directors and Finance Committee members
• Review and maintain strong internal control measures and apply financial best practices appropriate to Village Enterprise
• Serve as the key point of contact for external auditors, including the adoption of audit recommendations and IRS regulation changes
• Responsible for accurate and timely filing of annual 990s
• Responsible for the timely filing of federal, state, and local tax returns
• Oversee the preparation of project financial reports as required by donors and partners
• Manage sub-awardee financial reporting and project budget adherence
• Supervise, mentor, and develop a strong team of finance professionals with a focus on providing top quality support to Village Enterprise operations

Legal and Risk Management

• Review and prepare contracts and legal documents prior to their execution, seeking further legal advice as appropriate
• Establish and manage the Development Impact Bond legal structure and investor repayment process
• Administrate the organization’s insurance policies, ensuring identified risks are adequately addressed
• Supervise the risk evaluation and management processes, including the development of risk mitigation strategies for the overall organization and specific new initiatives
• Serve as a general resource for the HR and Governance Committee, working closely with this Committee on risk-related matters

Required Qualifications:

• Experience working in a high growth, mission-focused, international organization
• 10 years of experience in financial management roles of which at least 3 years at the senior management level (Controller, Director of Finance or Accounting or CFO), including experience supervising a team
• Bachelor’s degree required in accounting, finance, or business administration. CPA and/or Master’s degree preferred (MBA or Masters in Accounting)
• Knowledge of generally accepted accounting practices and principles as relevant to nonprofit entities
• Strong strategic, analytical and financial planning skills
• Successful team management and mentoring skills
• Familiar with US GAAP, International Financial Reporting Standards (IFRS), and International Accounting Standards (IAS)
• Knowledge of and experience with NetSuite accounting software or comparable software.
• Experience in a multi-location international nonprofit organization

Preferred Qualifications:

• Experience working in an organization that works in Africa