Innovations for Poverty Action (IPA) seeks an outstanding and dynamic Chief Financial Officer (CFO) to provide financial expertise and lead the organization’s financial and Information Technology strategies in IPA’s pivotal next stage of growth. This position is responsible for ensuring the organization’s financial health, organizational efficiency through enhanced systems, processes and training, and oversee the fiscally sound practices of IPA’s financial operations.
The CFO serves as a key member of the Senior Management Team (SMT) and partners with other members of the SMT on all strategic matters as they relate to budget and grants management, planning and forecasting, IPA’s funding model, and information technology and management. S/he is a strategic partner with the Board of Director’s on the Finance and Audit committees and reports directly to the Executive Director.
This is an ideal opportunity for a proven leader to apply their strong financial and operational expertise towards IPA’s mission of discovering and promoting effective solutions to global poverty problems. As a member of the SMT, the CFO must exhibit the ability to embrace and promote the emergence of diversity of ideas, experiences, cultures, and voices across IPA’s teams and partners. S/he should be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace and have experience working for a complex nonprofit with multiple funding sources including government and private funding, and multiple Country Offices.
Financial Strategy and Leadership
- Oversee all fiscal and fiduciary responsibilities for the organization.
- Partner with, and support, the ED and SMT in establishing annual objectives, forecasts and budgets, and advise on long-term resource allocation and financial planning.
- Monitor IPA’s financial progress, comparing results with approved plans. Prepare reports and interpret financial results for management decision-making.
- Foster financial leadership, efficiency, and discipline throughout the organization through the development and administration of financial policies, procedures, and plans, as well as efficient human and financial resource mobilization and accountability mechanisms across multiple locations.
- Develop tools & systems to provide critical financial and operational information to the Board, ED and SMT, and make actionable recommendations on both strategy and operations.
- Provide strategic advice to strengthen IPA’s pricing and business model and ensure IPA’s financial sustainability
- Facilitate the Board Finance Committee’s engagement on issues, trends, and changes in the operating model(s) and operational delivery.
Financial Operations & Grants Management Leadership
- Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate GAAP, regulatory requirements, and OMB audit requirements.
- Develop and maintain internal controls and coordinate all external audit activities.
- Oversee the treasury function; develop and update cash flow forecasts; develop strategies that ensure the stability of IPA’s cash position.
- Represent IPA to various financial institutions, investors, foundation executives, auditors, etc.
- Negotiate agreements with key funders.
- Develop policies and procedures to ensure effective and compliant management of grants and costs allocation, and oversight of sub-awards.
IPA’s information systems strategy Leadership
- Develop, oversee and implement the organization’s information management and technology strategies, to further IPA’s mission and increase organizational efficiency
- Ensure that the organization’s information management and technology resources are efficient, reliable, user friendly and cost effective; and create new and improved systems and processes that maximize current technological resources to meet IPA’s operational and business needs.
- Work with leaders across functions to create and support a culture of data-driven operations and decision-making, and lead the development and monitoring of Key Performance Indicators and dashboards, to improve the efficiency of internal processes and information exchange
- Develop and implement a data security organizational strategy, ensuring ensure the consistency and continuity of data privacy, security, and integrity oversight throughout IPA’s systems.
Management and Organizational Development
- Providing leadership, direction and management of the finance and accounting team, the grants team and the Management of Information Systems and Technology (MIST) team; directly supervising 3 Director level staff and a total staff of 12
- Provide dotted-line oversight, mentorship and capacity development to finance, grants and IT across IPA’s 22 Country Offices
- Work with the SMT to design accountability mechanisms and advise on finance, grants and IT organizational structure at the global and country level to ensure operational efficiency and compliance integrity.
- Monitor and evaluate the effectiveness of financial and administrative service delivery; assess and monitor workload, administrative and support systems, and internal reporting relationships.
- Bachelors or Master’s degree in Finance, Accounting or related field; CPA or equivalent a plus
- 15+ years of professional experience with a minimum of 3-5 years of experience as a CFO or similar role in a mid to large size non-profit or government contracting organization.
- Experience successfully managing finance related functions (accounting, budgeting, control, reporting and grants) in a complex global non-profit, research or academic institution with a budget exceeding $20 million.
- Mastery of Generally Accepted Accounting Principles (GAAP), Cost Accounting Standards, financial practices related to the non-profit sector, and government procurement regulations
- Track record of building strong finance teams and capacity with an ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects
- Significant knowledge of nonprofit accounting, including sophisticated grant accounting, compliance, and reporting; experience managing sponsored research strongly preferred.
- Strong understanding of and comfort with financial systems, and ability to learn new systems. Track record of success partnering with technology leadership to manage critical financial. Knowledge of NetSuite preferred.
- Strong analytical skills and experience with proven ability to translate a strategic vision into an operational model.
- A change agent with the ability to create and implement an actionable plan, translating strategy into action, while engaging fellow team members behind a shared vision
- Effective communicator at all levels of an organization; strong oral and written skills, a willingness to share information, and poise and professionalism under pressure.
- Excellent leadership, management and collaboration skills
- Outstanding business acumen, balancing financial strategy with day-to-day fiscal excellence.
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Innovations for Poverty Action (IPA) is a research and policy nonprofit that discovers and promotes effective solutions to global poverty problems. IPA brings together researchers and decision-makers to design, rigorously evaluate, and refine these solutions and their applications, ensuring that the evidence created is used to improve the lives of the world’s poor. In recent decades, trillions of dollars have been spent on programs designed to reduce global poverty, but clear evidence on which programs succeed is rare, and when evidence does exist, decision-makers often do not know about it. IPA exists to bring together leading researchers and these decision-makers to ensure that the evidence we create leads to tangible impact on the world. Since its founding in 2002, IPA has worked with over 575 leading academics to conduct over 650 evaluations in 51 countries. This research has informed hundreds of successful programs that now impact millions of individuals worldwide.
Innovations for Poverty Action is an EO Employer-MF/Veteran/Disability. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, or any other protected class. IPA will endeavor to make a reasonable accommodation to a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business. If you believe you require such assistance to complete this form or to participate in an interview, please contact us at firstname.lastname@example.org or via phone at 1-203-772-2216. Disclaimer: The above statements are intended to describe the general nature and level of the work to be performed by the specified position. The statements are not intended to be an exhaustive list of all possible duties, tasks, and responsibilities. Management reserves the right to amend and change responsibilities to meet organizational needs as necessary. Please note that IPA will never request any form of payment from an applicant. Applicants are encouraged to confirm the information listed above with IPA prior to releasing any extensive personal information to the organization. Please direct questions to email@example.com.
** Please note that only qualified applicants will be contacted by the hiring manager.