Associate Vice President for Finance and Administration
About Lutheran World Relief & IMA World Health:
International humanitarian organizations Lutheran World Relief & IMA World Health are in the process of combining operations to dramatically increase their impact on breaking the cycle of poverty and promoting healthier families and communities throughout the world.
Lutheran World Relief, based in Baltimore, and IMA World Health, a faith-based public health agency headquartered in Washington, D.C., integrated January 1, 2019 with a single CEO: Daniel Speckhard and identical boards of directors.
The combined organization mobilizes a joint staff of 550 people in 21 countries around the world. Lutheran World Relief and IMA World Health have been close partners for nearly 60 years, so our union is as natural as it is strategic. Please visit our website at: https://lwr.org/ and: https://imaworldhealth.org/ to find out more about our work.
Lutheran World Relief: Founded by Lutherans in the United States at the end of World War II, grounded in Lutheran theology and building decades of experience, Lutheran World Relief tackles global poverty by helping people adapt to the challenges that threaten their livelihoods and well-being. We work with people based on need, regardless of race, religion or nationality and we do not evangelize. We provide aid in emergencies and help families restore their lives. We partner with communities to build and grow economies. We break the cycle of poverty, so families and communities can thrive. Our goal is to help people build self-sufficiency and create new community-owned approaches to problem-solving that will last long after our projects end.
IMA World Health:
IMA World Health strengthens health systems and has built and supported integrated, holistic and sustainable health systems that increase access to quality health care in developing countries. They are also dedicated to preventing and treating diseases that primarily affect poor and vulnerable people. They promote nutrition through behavior change communication, supporting national programs, working with and through local authorities and community organizations to implement evidence-based approaches targeting the range of nutrition-specific and nutrition-sensitive factors that impact child health. They highlight the role of water, sanitation and hygiene in promoting health and well-being. They champion interventions and behavior change communication around women’s empowerment into broader health programs for more than a decade. Maternal and Child Health is given special focus with their implementations of highly effective, contextually appropriate projects.
Health and rural livelihoods are intrinsically linked. A family in poverty can scarcely afford health care. A sick breadwinner may be unable to earn income. To increase our impact on breaking the cycle of poverty and promoting healthier families and communities, IMA World Health & Lutheran World Relief are excited to announce we are joining forces. The two humanitarian nonprofits are integrating IMA’s global health expertise and Lutheran World Relief’s work in rural economies and emergency response, creating a unified organization that will help millions more enjoy a healthier, more prosperous tomorrow.
The Associate Vice President for Finance and Administration (AVP/F&A) is a key leader of the Finance and Administration department, and within the Organization. Functionally, s/he is responsible for ensuring that the US-based accounting, treasury, and statutory and management reporting systems and policies provide high quality, timely data, and analysis for strategic decision support. The AVP/F&A works closely with the VP for F&A on strategic matters, including the setting of departmental and inter-departmental priorities, as well as representing Finance in cross-organizational working groups.
Oversight responsibility for budget processes, financial analysis and forecasting, and the development and oversight of required financial systems, policies, procedures, and internal controls. The position ensures compliance with Generally Accepted Accounting Principles, applicable regulatory requirements including municipal bond covenants, internal policies and procedures, and (in coordination with Sr. Director for International Finance) with donor requirements. The AVP/F&A is responsible for ensuring the integrity of the general ledger and related data which is the basis for all internal and external financial reporting. S/he assists the VP for F&A with organizational risk management, participating in decisions around insurance, business development opportunities, and policy development and compliance monitoring.
The AVP/F&A provides innovative solutions for emerging financial management needs, as well as timely strategic decision support for the Leadership Team, Board of Directors, and other stakeholders. The AVP/F&A serves with the VP for F&A as key staff for the Finance and Audit & Risk Committees of the Board. S/he has responsibility and authority for the leadership of Financial Management and Operations in the absence of the Vice President for Finance and Administration. The position provides direct staff to support the organization's Finance Committee. The AVP/F&A supervises 2 management positions and oversees a total staff of 10.
This role holds two unique opportunities: To integrate and restructure two separate accounting and finance teams into one and combine systems, policies, and processes to meet the needs of the combined larger and more complex organization during this exciting time of the merger of two global organizations.
Duties and Responsibilities:
Strategic Leadership and Governance Support:
- Work closely with the VPF&A to develop departmental strategies and workplans that will support the achievement of overall strategy and goals of the organization.
- Represent Accounting and Finance perspective in various cross-organization working groups and special initiatives (e.g. cost recovery task force, expat compliance, impact investing, etc.), strategic working groups, and other cross-departmental planning committees.
- Responsible for preparation of required financial reports for Board and Committees.
- Provide key staff support to Finance Committees (coordination, agenda development, etc.); make required presentations to Finance Committee.
- Serve as corporate officer (Assistant Treasurer) for Lutheran Center Corporation (LCC), attend LCC Board meetings, and monitor LCC operations and ensure LCC compliance with municipal bond covenants in order to minimize risk all parties.
Compliance and Risk Management:
- Develop internal controls to safeguard the assets of the organization.
- Ensure that accounting and reporting is in compliance with Generally Accepted Accounting Principles (GAAP) and that audits are "clean".
- Oversee and review the preparation of form 990, tax filings, and other statutory reporting requirements.
- Oversee compliance with payroll-related regulations for US paid employees, including expatriates.
- Ensure compliance with all applicable internal policies and guidelines including:
- Bond covenants related to municipal bond issue
- Board Policy
- Finance and Travel Policies
- Investment Policies
- Develop finance-related policies that appropriately address risk.
- Work in coordination with VP F&A to manage risk by securing adequate insurance policies.
- Identify and monitor financial risks and develop appropriate mitigation strategies.
- Responsible for effectiveness and efficiency of financial operations including:
- Accounting and general ledger
- Treasury (banking and investments)
- Budgeting and forecasting processes
- Financial reporting & analysis
- Coordinate work of Accounting and General Finance with International Finance to ensure smooth functioning and efficient workflow.
- Identify opportunities for process improvements to ensure continued high functioning of the Finance department.
- Develop and maintain a staffing structure and high functioning team to effectively meet the financial operation and management needs of the organization and provide high quality, timely support to all internal clients.
- Perform cash flow monitoring, forecasting, and planning.
- Monitor investment portfolio performance and recommend changes as needed.
- Ensure that budget and forecast processes are effective.
- Oversee regular budget variance analysis.
- Ensure timely, accurate, and relevant financial reporting.
- Provide ad-hoc and standard analysis, trend reporting, and sensitivity analysis to inform financial management decisions.
- Provide input to organizational dashboard(s) for financial Key Performance Indicators.
- Manage F&A unit budget in close coordination with the VPF&A, assist in annual budget development and forecasting.
Policies and Systems:
- Ensure that proper internal controls are in place and functioning as designed.
- Regularly review and update financial policies (including travel policies) to verify that they remain relevant and appropriate to ensure compliance and best practices while supporting efficient operations.
- Develop and maintain finance and accounting systems and processes that meet the financial management needs of the organization, including:
- General ledger/accounting
- Budget and forecasting
- Financial reporting
- Banking/wire transfers
- Expense reporting
- Act with the authority of the CFO (VP for F&A) in her/his absence to provide approvals and authorizations related to business development opportunities, procurement, policy exceptions, and other responsibilities as needed.
- Represent the organization to financial partners including auditors, vendors, donors, partners, public officials, and network organizations.
- Other duties as assigned.
Required Education, Experience and Qualifications:
- Bachelor's Degree in Business Administration, Finance, Business Law, or related field. CPA or Master's Degree in an appropriate discipline is required;
- 10 to 12 years of professional experience managing accounting, budget, and financial reporting operations for non-profit organizations, with at least 10 years in senior management;
- Knowledge of U.S. accounting standards for international non-profit organizations;
- Proficient in the design and maintenance of financial management systems, internal controls, finance policies, and procedures development, and business planning and analysis;
- Exceptional analytical, critical thinking, and innovative problem-solving skills with the ability to handle multiple tasks under tight deadlines and competing priorities;
- Strong financial modeling, budgeting, and analytical skills utilizing advanced Excel techniques;
- Experience with government grants and contracts strongly preferred;
- Exceptional written and verbal communication skills and the ability to work effectively with others at all levels of the organization;
- Effective presentation skills including the ability to successfully present complex subject matter to the Leadership Team, Board of Directors, staff, and others;
- Leadership skills as a change facilitator and exceptional client-service orientation;
- Effective supervisory skills including recruiting, mentoring, and developing staff;
- Understanding of contractual agreement structures and the ability to effectively coordinate legal counsel support;
- Proficiency with Microsoft Office 365, general ledger, budgeting, and financial reporting packages.
- Fluency in either French or Spanish helpful.
- Must be eligible to work in the USA without sponsorship.
- Strong critical thinking, communication, and facilitation skills; compassionate and articulate speaking skills.
- Proven collaborative leadership style with the ability to influence others into action and to think creatively about solutions.
- Proven ability to work in a fast-paced environment, both independently and as part of a team; hands-on and willing to get things done.
- Entrepreneurial work style.
- Collective team player comfortable leading, as well as executing, projects as required.
- Demonstrated ability to lead multiple high-profile and complex projects simultaneously.
- Exceptional interpersonal skills with ability to connect with people, establish credibility and trust with employees in various geographic locations and with multi-generational demographics, and job functions.
- Ability to negotiate conflict and maintain constructive working relationships with people at all levels, sensitivity and compassion in counseling a diverse staff.
- High sense of urgency.
This position will be based in Baltimore, MD and occasional travel overseas.
Terms of Appointment:
This is a full-time position. Salary is competitive and commensurate with qualifications and experience.
Lutheran World Relief and IMA World Health are Equal Opportunity/Affirmative Action employers. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.
If you wish to be considered for this position, please forward a copy of your CV in Microsoft Word format, along with any relevant documentation to Ms. Adriana Robles at: [email protected] until September 27, 2019. Please reference ''8494 – Associate Vice President for Finance and Administration” in the subject line. All information will be in the strictest confidence as we pride ourselves on our professional service.
Thank you for your interest and we will reply to you as soon as feasible when we have reviewed your application and it is found to be aligned with Lutheran World Relief & IMA World Health requirements.
SRI Executive is exclusively retained by Lutheran World Relief and IMA World Health to undertake this assignment.