Chief Financial Officer (CFO)

Posted by Renewable World

Chief Financial Officer (CFO)

Brighton and Hove

40,000

Full-time

About the organisation

Energy is a basic requirement for communities to develop, yet more than 1.4 billion people worldwide have no access to clean, safe, energy sour... Read more

Job Description

Chief Financial Officer (CFO)- Brighton- £40,000 Full Time (37.5 hours)

Renewable World is a not-for-profit organization seeking to tackle poverty through renewable energy. We focus on enabling vulnerable and disadvantaged communities in low income countries to access affordable, reliable, renewable energy to provide opportunities for increased income and improved health and education facilities.

An opportunity has arisen in our Brighton UK head office for a new enhanced role in leading financial management and support services at Renewable World. The CFO will report to and work closely with the Chief Operating Officer (COO) – the senior Executive- to lead effective financial management for this growing international charity. A close working relationship with the Head of Fundraising is also expected, including to provide financial analysis of funding and support income forecasting. The role will ensure that the two Regional Finance Managers provide complete, accurate, timely and relevant financial information for operations and programmes. The role will also manage a part time UK based Accountant in reporting results of that business unit.

As a small, ambitious non-profit organization we can offer an exciting and rewarding career, with flexible working, including opportunities to work from home and visit overseas offices.

Tasks and Responsibilities:

1. Report global financial performance

  • Produce monthly management accounts to a high standard of accuracy and clarity by the 11th of every month, working alongside the UK Accountant and Regional Finance Managers
  • Lead and manage the global budgeting processes across the organization(s) in close coordination with Trustees and Management Team.
  • Prepare and maintain a rolling global forecast including scenarios for uncertain items such as new grant income
  • Maintain accurate records of all financial transactions following Renewable World financial policies and guidelines.
  • Lead on the preparation of financial information for Board and Board Committee Meetings (Finance and Programmed Committees), liaising closely with the Trustees and Management Team to ensure information is both appropriate and accurate.
  • Lead the preparation of records for the annual UK charity audit in accordance with Charities SORP, support and review the regional branch and entity annual accounts preparation.  
  • Ensure global financial controls remains fit-for-purpose and complies with all relevant charity financial regulations and accounting practices.

2. Programme financial management

  • Support and review regional project financial reporting on a monthly basis with implementing project managers and regional finance managers
  • Calculate and allocate quarterly the restricted expenditure to project funds and transfer to the requisite projects and donors. Ensure funds are represented in ring fenced bank accounts.
  • Work with the Grants Manager to ensure all donor financial reports are submitted accurately and on time to with sufficient variance analysis and context to enable transparency.
  • Act as a project expenditure authority for funds transfer
  • Review, or assist, in the preparation of project proposal budgets and review their cost recoveries.
  • Ensure optimal programme full cost recovery policies and processes are in place for allocation of operational staff and overhead costs within rules and accepted practice.
  • Ensure timely programme recoveries are being accurately applied to project restricted funds. 
  • Provide support and critical review on project funding proposals.
  • Manage donor financial reporting, including income, debt and deferred income accurately and timely in accordance with each donors requirements.

3. Cash management

  • Update global cash forecast monthly and feed into long term forecast model
  • Ensure funds are managed in accordance with donor wishes and regional requirements
  • Initiate global fund movements to ensure programme and operational commitments are met
  • Budgeting and cost-centre management.
  • Process payments for operations and projects in accordance with policies and payment authorities.
  • Manage inter-entity loan accounts.
  • Maintain oversight of Payroll (run by UK Accountant and regional Finance Managers)

4. Human resources

  • Ensure fit for purpose staff and HR policies are in place.
  • Ensure pension scheme requirements are met.
  • Lead on the relevant HR process for joiners, leavers and appraisals

5. Office Management

  • Ensure adequate information systems are in place
  • Ensure the UK office has all legal and functional requirements and needs met
  • Ensure office health and safety responsibilities are met and ensure that systems are in place to report and act to address health and safety risks.
  • Develop suitable security policies and emergency procedures.

Essential competency and experience requirements

  • Qualified accountant or Accounting/Finance degree
  • 7+ years of financial career experience within a global organization
  • Strong and proven organizational skills in managing finance systems
  • Previous experience in managing staff or stakeholders
  • Strong financial analytical and problem-solving skills
  • Functional knowledge of financial accounting systems and advanced Microsoft Excel skills
  • Understanding of project/fund accounting and cost recoveries
  • Effective communicator (including excellent written and verbal English) as demonstrated on financial and narrative reporting, and verbal skills

Applicants must include a cover letter and CV. 

Please send all questions by email initially.

First interviews to be held w/c 17th December.  Second interview wiill include a test and presentation. 

This job is UK and Brighton Office based.

Strictly No Agency Contact

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