Title: Finance Manager
Reporting to: Executive Director
Start Date: September 2024
Employment Type: Full-time ( 1 year)
Location: Based in Dakar
About Teach For Senegal
Teach For Senegal (TFS) is focused on developing a movement of leaders across the nation committed to ending educational inequity. In the short term, through a two-year Fellowship, TFS recruits Senegal’s most outstanding university graduates and young professionals of all academic disciplines to teach as full-time teachers (Fellows) in high-need schools in poor communities. Through this experience, our Fellows gain exposure to the realities of Senegal’s education system and identify their role in building a wider movement for educational equity. In the long term, TFS supports its alumni – equipped with the experience, conviction, and insight from leading children to fulfill their potential – to be a force for change, working from across sectors to expand educational opportunities.
Teach For Senegal’s culture and work is grounded in and guided by a deep commitment to pursuing true transformational change for students growing up in low-income communities. It is a leadership development organization – committed to fostering staff members, Fellows, stakeholders, community, and alumni who establish a clear and bold vision for the future and strategically work towards achieving our vision of an excellent education for all children. TFS operates with a deep sense of possibility and perseverance with a team of young, dynamic, and diverse individuals. We are an organization committed to its people and operate with respect and humility toward all.
As a start-up and locally-led organization working in a complex environment, we are looking for exceptional individuals who are both self-directed and strong team players to make up our team.
Position Summary
Teach For Senegal is looking for a Finance Manager to build and oversee all aspects of finance, accounting, and reporting activities. The Manager will be tasked with creating long-term financial structures and developing and implementing the appropriate accounting and financial control systems to ensure the organization’s financial sustainability. The Finance Manager will lead all day-to-day finance operations, accounting, grants management, budget development, forecasting, and monitoring, outside audit and federal financial reports, Senegal axes, domestic payrolls, and financial policies and procedures. The Finance Manager will ensure that Teach For Senegal has the systems and procedures in place to support rapid growth and conduct flawless audits. The Finance Manager will work closely with senior leadership members on planning and analysis and educate them regarding finance and accounting procedures. In addition, s/he will partner with the Senior Leadership Team to plan for the evolution of the finance function to support a growing international presence and additional international payrolls, banking, and taxation.
Roles and Responsibilities
Finance planning and analysis
- Develop and monitor budgets and forecasts. Lead Teach For Senegal’s leadership in an annual budgeting and mid-year reforecast process; administer and review all financial plans on a monthly basis and compare to actual results with a view to identify, explain, and correct variances as appropriate.
- Develop short-, medium-, and long-term financial plans and projections.
- Partner with the executive team (Development Officer and CEO) to align financial management with short- and long-term development planning and projections.
- Partner with the executive team to address all operational and strategic issues as they arise; provide strategic recommendations to the executive team based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.
- Represent the organization to financial partners, including financial donors, auditors, etc.
- Oversee the preparation and approval of all financial reporting materials and metrics for funders, the Board of Directors, and key external constituents; prepare and communicate monthly and annual financial statements for internal and external use.
Financial and Accounting Management
- Manage cash flow and forecasting; direct all financial, project-based, and departmental accounting.
- Oversee all accounts, ledgers, and reporting systems, and regulatory requirements.
- Maintain internal control and safeguards for receipt of revenue, costs, and program budgets, and actual expenditures.
- Help ensure the maintenance of fiscal policies and procedures.
- Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes and keep senior leadership abreast of Teach For Senegal’s financial status.
- Coordinate activities between development and finance.
- Oversee all financial, project/program, and grants accounting; ensure that expenditures are consistently aligned with grant and program budgets throughout the grant/fund period; collate financial reporting materials for international and domestic governmental agencies, and corporate, and foundation grants.
- Oversee all audit activities.
- Ensure legal and regulatory compliance regarding all financial functions.
Candidate Profile
- This is an extraordinary opportunity for a mid-level leader with at least three to five years of accounting and finance experience (could include a Master’s degree), followed by experience reporting financial information to executive teams and external stakeholders. S/he will ideally have experience growing and scaling the finance (accounting, budgeting, control, and reporting). Other preferred qualifications include:
- Experience as a Finance Manager or equivalent, preferably in an NGO. Additional experience should include working directly in or overseeing accounting, audit, budget, compliance/legal, and other relevant functional areas
- A proactive, hands-on strategic thinker who will fully own all financial functions and provide guidance on financial issues to an executive team and/or Board of Directors Experience working with a “high-growth” or “start-up” environment.
- Ability and desire to work in a “newer” operation, with less structure than a more established organization, and lead a team to ambitious results
- Excellent people and communication skills, especially in discussing financial topics internally with a variety of staff and externally with key stakeholders
- Proven effectiveness in leading, managing, and growing a Finance team, comprised of finance and accounting employees, contractors, and other professionals Strong forecasting skills; experience in modeling and forecasting complex operating models.
- High-level proficiency in Excel and QuickBooks.
- Advanced knowledge of accounting and reporting software.
- Minimum of a BA; CPA and/or MBA preferred
- Strong desire to learn and/or familiarity and experience with non-profits and non-profit accounting/finance (non-profit issues, experience in or knowledge of nonprofit accounting, including sophisticated fund and grant accounting, compliance, and reporting; knowledge of grants management as it relates to compliance and reporting of international and domestic corporate, individual, and foundation grants)
- Fluent in English and in French. Local languages are a plus.
- Passion for Teach For Senegal’s mission and education.
Benefits
- Flexibility: We at Teach For Senegal operate with a culture of trust and a focus on impact and our Staff working with a great degree of independence to deliver excellent outcomes.
- Leave: We have a comprehensive leave policy that also includes an organization-wide break at the end of the year.
- Continuous learning and responsibility: Our culture is one of constant learning, with opportunities to grow in effectiveness and responsibility.
- Global Support: Being part of the Teach For All network, our staff get support from partner organizations globally which include access to resources, opportunities for thought partnering, and invitations to participate in conferences
Compensation
Salary depends on prior experience. Additionally, there is ample opportunity for professional development and mobility within the organization and access to professional development through the global network Teach For All.
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