About

Village Enterprise

Village Enterprise’s mission is to end extreme poverty through entrepreneurship and innovation.  Over the years, Village Enterprise has transformed the lives of over 1.2 million people living in extreme poverty in Africa. The organization’s new strategy focuses on ‘scale and impact’ and has ambitious goals in both areas. Village Enterprise intends to impact the lives of 20 million people living in extreme poverty by 2030. Over the next three years, we plan to significantly increase the number of households we serve (from 12,000/year to over 26,000/year) and expand into new countries. This will require growing our budget from $10 million to $25 million+ and continue to expand our reserve to ensure financial sustainability. To support this growth, Village Enterprise needs an experienced CFO who will provide leadership and oversight of our finance and accounting team and act as a thought partner to the CEO and members of the executive team.


For more information, please visit www.villageenterprise.org/

 

Role purpose

Village Enterprise is seeking a Chief Finance Officer who will be key member of executive leadership team working closely with the CEO and the Board of Directors and will drive strategic financial decision making for the organization. The ideal candidate will be passionate about our mission of ending extreme poverty in Africa; will be a role model to others when it comes to our values of ubuntu, integrity, passion, sustainability, and innovation; and will have the technical expertise to oversee and guide our organization during this high growth phase.

 

Duties and Responsibilities

Financial Management

  • Serve as a key member of the executive leadership team, providing financial planning, analysis, and operational insight to support the executive team’s decision-making.
  • Assess and evaluate the organization’s financial performance with regards to long-term operational and strategic goals, budgets, and future financial security.
  • Lead on the development of annual operating and capital budgets.
  • Manage cash flow for all parts of the organization, including the preparation of a monthly cash flow report and the transfer of field funds to meet operational cash requirements.
  • Review and analyze monthly financial results and provide recommendations to budget managers. Accountable for supporting Country Directors to have up-to-date information and maintaining country budget level success. 
  • Collaborate with the development team to design proposal budgets to support the acquisition of large-scale donor funding.
  • Partner with the Chief Development Officer to manage restricted grant funding and the release of restrictions.
  • Lead the quarterly Finance Committee meeting, including the preparation of Board financial reports.

 

Accounting Operations

  • Supervise the accounting departments and staff in Africa and the USA.
  • Responsible for the timeliness and accuracy of financial and management reporting for both internal and external audiences.
  • Oversee the month end close process including adherence to Village Enterprise transaction review procedures, balance sheet reconciliations, project allocations and consolidation of subsidiary accounting ledgers.
  • Manage the preparation of monthly, quarterly and annual financial statements; conduct quarterly reviews with functional team Directors and Finance Committee members.
  • Review and maintain strong internal control measures and apply financial best practices appropriate to Village Enterprise.
  • Serve as the key point of contact for external auditors, including the adoption of audit recommendations and IRS regulation changes.
  • Responsible for accurate and timely filing of annual 990s.
  • Responsible for the timely filing of federal, state and local tax returns.
  • Oversee the preparation of project financial reports as required by donors and partners.
  • Manage sub-awardee financial reporting and project budget adherence.
  • Supervise, mentor and develop a strong team of finance professionals with a focus on providing top quality support to Village Enterprise operations.

 

 Legal and Risk Management

  • Have breadth of knowledge of, appreciation for, and strong policy acumen across issues and actors in the fields of gender equity and women’s economic empowerment, government effectiveness and inclusive governance, and reproductive health and rights.
  • Represent the foundation and its work with governments, multilateral and bilateral aid agencies, non-profits, business, and civic and social movement leaders through meetings, updates, speeches, briefings, and media interviews.  Engage these sectors regarding key programmatic issues.
  • Help to develop and strengthen organizations that are central to the program’s strategies, focusing on their goals and strategies, governance, staffing, financial health, communications and fundraising.
  • Provide external leadership on key issues to the foundation’s mission.  Demonstrate leadership in the sectors in which the foundation participates.
  • Review and prepare contracts and legal documents prior to their execution, seeking further legal advice as appropriate.
  • Establish and manage the Development Impact Bond legal structure and investor repayment process.
  • Administrate the organization’s insurance policies, ensuring identified risks are adequately addressed.
  • Supervise the risk evaluation and management processes, including the development of risk mitigation strategies for the overall organization and specific new initiatives.
  • Serve as a general resource for the HR and Governance Committee, working closely with this Committee on risk related matters.

 

Required Qualifications

Education

  • The ideal candidate will hold a Bachelor’s degree required in accounting, finance, or business administration. CPA and/or Master’s degree preferred (MBA or Masters in Accounting).

 

Relevant Experience

  • Experience working in a high growth, mission-focused, international organization.
  • Knowledge of generally accepted accounting practices and principles as relevant to non-profit entities.
  • Strong strategic, analytical, and financial planning skills.
  • Successful team management and mentoring skills.
  • Familiar with US GAAP, International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS).
  • Knowledge of and experience with NetSuite accounting software or comparable software.
  • Experience in a multi-location international non-profit organization.
  • Experience working in an organization that works in Africa is preferred.

 

Terms of Appointment

This is a full-time role, there is no contract term for this role.

 

Location

This is a fully remote role. Candidates living anywhere in the United States or East Africa (Kenya, Rwanda, Uganda, and Ethiopia) will be considered, San Francisco and Nairobi are preferred)

 

Equal Opportunity

We are an equal opportunity employer. We believe we are a better, stronger, and more effective organization when we create a culture that welcomes and includes a diverse set of backgrounds and perspectives, and we can learn from one another. We welcome people of all backgrounds–especially when their life experiences, abilities, and perspectives can offer valuable insight to our work supporting some of the most vulnerable and marginalized populations in the world. Village Enterprise will provide equal employment and advancement opportunities to all individuals. Employment decisions at Village will be based on merit, qualifications and abilities. Village does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, sexual orientation, national origin, gender identity, age, disability, marital status or any other characteristic protected by the law. Village Enterprise will make reasonable accommodations for qualified individuals with known disabilities unless doing so with result in undue hardship to daily operations.

 

How to Apply

If you wish to be considered for this position, please complete the Application Form below on or before 5th October 2022. In addition, we encourage you to please attach a copy of the most recent English version of your CV.

 

All information will be treated in the strictest confidence.

 

If you have an initial query rather than an application, kindly email us at [email protected].

 

SRI Executive is exclusively retained by Village Enterprise to undertake this assignment.

 

Application form

Personal Details
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