Job Description

About the Company :- Corenza (Formely HR Lab) is hiring a Finance head for a non-profit organization based out of Delhi. It provides learning solutions and bridges the learning gap to empower stakeholders in their learning journey. Roles & Responsibilities: Formulating budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions and cost controls. Establishing a strategic cost management system for monitoring various overheads and devising product costing techniques. Generating various MIS reports & monitoring movement of key business indicators viz. Debtors Control & Fund Flow Management, costs & inventory management to facilitate the decision-making process. Financial planning & analysis, Budgeting & Finance control: Create, coordinate, and evaluate the financial programs of the foundation and implement sound financial planning, budgeting, tax planning, and asset management practices. Formulating Annual Budgets (Operating and Capex) across the NPO Programs. Review on a periodic basis financial performance and provide Forecast for the year; Provide scenario analysis for various options / strategies provided by management. Developing mitigation strategy of projects risk through project short term & long-term liquidity requirements. FUND MANAGEMENT & FINANCIAL ACCOUNTING Screening new projects from pre-sanctioned stage and conducting feasibility studies to determine the financial viability of new ventures, projecting cash flow and growth opportunities. Liaising with financial institutions and Banks for raising fund and non-fund-based facilities at favorable terms to meet working capital & term loan requirements for the projects. Dealing with banks on pre and post sanction formalities and routine matters based on Organizational needs. Capital expenditure plan and analyzing the variance, if any. Fund position on a regular basis to ensure proper and effective utilization of available resources to maximize returns. Directly over-arching management of working capital & project capital, keeping in mind requirements of various stakeholders in the foundation. Preparation of Financial Modeling, Project Reports for new projects & Expansions, Manage all activities connected to funding tie-up & financial closure, up to disbursement. Liaison with regulatory authorities for sanctions & approval. Cash Credit limit operations for Stock and Book Debts, Drawing power adjustments, if any. Monitoring sanctions and disbursement of non-fund-based limits like LCs, BGs etc., Medium-and long-term loan operations, Re-schedule Plans and Loan Disbursements. Designing and implementing systems & procedures; supervising the consolidation of group accounts and financial statements as per Indian standards. Analyzing Financial Statements, viz. Ratio Analysis, Fund Flow and Cash Flow Statement; involved in Inventory Control, Stock Aging Analysis and Store Accounting. Compliance of the Accounting Standards applicable to Foundation & Trusts and Finalization of accounts in accordance with Indian GAAP, US GAAP and IFRS. Leadership in closure of month, quarter and year end accounting and limited reviews. Preparation of Income & Expenditure Review for Management on a monthly, quarterly and annual basis. Presentation of Strategic business review on monthly, quarterly to the Management & Board. Interface with other NGOs on finance related matters. Represent the foundation externally to government agencies, funding agencies, and the general public, as and when required and authorized. Key requirements and Skills Adherent to policies and procedures. Foster and cultivate opportunities and partnerships. Adherent to policies and procedures. Foster and cultivate opportunities and partnerships. Note - Candidates from NPO will be preferred.

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