Opportunity

Chief Financial Officer

CARE USA Atlanta, GA, United States

About CARE

CARE is an international NGO with local staff and community partners in more than 100 countries with an annual budget of more than $600M. We create local solutions to poverty and inequality, and we seek dignity for everyone every day and during times of crisis. These solutions have a broad range, from clean water to access to education; from micro-saving to ensuring that everyone has nutritious food; from agriculture and climate change to disaster response. CARE puts women and girls at the center of everything we do because they have proven to be the best hope for creating lasting change in the world. Our staff live where they work, which makes us effective at understanding the challenges they face. We’ve been doing this for over 75 years, since World War II. It started with the world’s first CARE Package® of food for the post-war hungry in Europe. Our work today is as important as ever, we believe that poverty and inequality are historic injustices that we can end within a generation, for good. If you share our core beliefs: poverty is an injustice; poverty is solvable; and together, we have the power to end it, join us.
 
Chief Financial Officer (CFO)
The Chief Financial Officer (CFO) provides overall strategic leadership and direction for CARE USA’s worldwide financial and administrative functions. This role requires the constant balancing of maintaining appropriate controls and providing customer service and pursuing forward-looking opportunities and managing risk in a rapidly changing world.


Key Responsibilities:

  • Provide effective and timely communication of critical financial information and recommendations regarding the financial results and condition of the organization, including relevant trends, forecasts, risks and opportunities, to the Chief Executive Officer (CEO), COO, the Board, and other executives.
  • Serve as member of CARE USA’s Executive Management Team, contributing to strategy formulation and execution across the organization, including a clear financial strategy. Work with other executives and senior staff to develop business and operational plans, maintaining appropriate governance over investment priorities, cost structures and control systems for the organization.
  • Serve as strategic thought partner to the CEO and COO to develop aspirational goals and strategies to reach them through trend analysis, investigation of new opportunities and financial tools, and analysis of CARE’s own capabilities.
  • Collaborate across CARE USA departments and with CARE International Finance Directors on the effective stewardship and management of organizational resources, assuring advancement of team priorities and fulfillment of organizational accountabilities.
  • Oversee the annual budget process, monitor revenue and expenses and enforce budget accountability as necessary, working closely with senior managers in the organization.
  • Maintain the framework and develop/update policies for CARE’s financial and administrative management as well as grant and contract management. This includes compliance with regulatory and donor requirements, negotiation, compliance and reporting of major private and institutional donor grants and contracts which make up more than 80% of CARE’s annual budget.
  • Provide guidance and support related to CARE enterprise-wide and operational risk management processes.
  • Provide oversight and direction to CARE Investment managers, closely monitoring portfolio performance and risk, rebalancing as needed to optimize financial returns and liquidity, within the framework of CARE’s investment policy and taking into account guidance from the Board Finance Committee.
  • Oversee CARE’s overall financial health and condition, including the management of its operating reserves, liquidity, prudent management of assets, liabilities, and future commitments, including those by CARE’s subsidiaries.
  • Work with Finance and other counterparts within CARE International to develop harmonized policies, systems, processes and procedures and to contribute to achieving the goals of the CARE International Confederation, and become a more integrated, coherent and efficient global organization.
  • Oversee core administrative services, including facilities management, travel and procurement.
  • Oversee and provide direction to CARE’s social investment and other enterprise development activities, working closely with other executives and the boards of CARE’s subsidiaries. This includes engagement on both initiating new impact vehicles and monitoring, growing and/or closing existing ones.
  • Ensure the selection, development, and retention of a qualified finance, award management and administration staff, to effectively carry out all functions and provide continuity of managerial and specialized skills. Promote teamwork both within the department and across functions and regions.
  • Supervise and coach direct reports; empower them and delegate responsibilities appropriately.
  • Oversee the functioning and ongoing development of CARE’s Shared Services Center team in Manila, where 70 percent of the department’s staff is based, and which is central to CARE’s global financial operations.
  • Provide administrative oversight of the Internal Audit function and serve as a sounding board to the Director of Internal Audit – while allowing the team to fulfill its mandate with full independence.
  • Maintain and implement plans for talent development and succession management of finance, award management and administration staff across the organization. Ensure appropriate finance and award management training is provided to all managers at CARE.
 

Critical Priorities:

  • CFO must provide strong leadership to ensure CARE’s financial stability in a rapidly changing world which will likely see increased disruption in the International NGO sector in the next few years. The CFO must be an active partner in positioning CARE for the future and identify/drive the exploration of relevant strategies to get there.
  • As CARE develops its 2022-2025 strategy, governance over financial investments will be key to CARE’s future financial health. This will require both sound prioritization processes and criteria as well as agile decision making and real-time adjustments as plans are implemented.
  • CARE is highly leveraged from an unrestricted to total revenue perspective with less than 15% of its revenue coming from unrestricted sources. The CFO will be a major thought partner to the CEO, COO and Chief Revenue Officer to increase sustainable unrestricted revenue growth.
  • While CARE’s current financial position is sound, and its financial operations stable across the people-process-technology spectrum, maintaining and further developing the organization’s finance, grant, contract and compliance management capacity across regions and departments has to remain a priority of the CFO and the senior finance team. This will require a people-centered approach.
 

Professional Experience and Qualifications:

  • Master’s degree in Management or Finance or a bachelor’s degree with equivalent combination of education and work experience; CPA is a plus.
  • Fifteen years of successful professional experience in financial roles of increasing responsibility with well-regarded global companies or organizations, with at least several years in a senior leadership role in an organization. Fully familiar with fund accounting and cost recovery in a not for profit setting. Past experience as a CFO preferred.
  • A track record of sound financial management through good times and bad, enabling their company/organization to achieve stretch goals and/or successfully rebound from a crisis.
  • Excellent communication skills for both internal and external audiences.
  • Superior people-centered leadership, managerial, communication and interpersonal skills.
  • Experience reporting to, working with, or as a member of an engaged Board of Directors of a mission-driven organization.
  • A strategic orientation that includes the ability to think long-term and apply critical analysis and integration of information.
  • A depth and breadth of fiscal management experience that enables the CFO to translate complex financial information to the entire organization in order to ensure there is a strategic understanding of the fiduciary role and responsibilities within a large, complex organization.
  • Demonstrated team orientation and proven experience working effectively in a multicultural, highly matrixed and networked global organization. Adaptability to work across department boundaries, disciplines, cultures and time zones.
  • Proven crisis management in complex settings.
  • Knowledge of the global humanitarian and development sector and a keen understanding of the challenges faced by organizations tackling complex, global poverty and social justice issues would be very helpful. 
  • Ability to travel up to 30% internationally in a post COVID environment. 
How to Apply
If you wish to be considered for this position, please complete the Application Form below on or before 19 March 2021. All information will be treated in the strictest confidence as we pride ourselves on our professional service. If you have an initial query rather than an application, kindly email us at [email protected].


SRI Executive is exclusively retained by CARE to undertake this assignment.

Application form