Managing Director, IP Finance & Operations

Save The Children • Full-time • Washington DC, United States • $131.75k - $147.25k / year • 1d ago

Managing Director, IP Finance & Operations Requisition Number: MANAG007206

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Posted : October 21, 2024
Full-Time

Locations Showing 1 location

Hybrid-Washington, DC
899 N Capitol St NE
Washington, DC 20002, USA

The Managing Director, IP Finance & Operations will lead financial strategy and operational management for the International Programs (IP) division, providing leadership and direction to ensure optimal financial and operational performance across all IP departments. Reporting to the IP Vice President (VP) and serving as a member of the IP Senior Management Team (SMT), this role will act as the primary financial and operational advisor to the IP VP and maintain a dotted line relationship to the CFO, providing strategic guidance to the CFO/Deputy CFO, central FP&A, and SCI/A. Key responsibilities include:

Ensuring optimal allocation and utilization of resources within IP.
Informing financial and budgetary decision-making.
Applying best practices in financial planning, analysis, and operational efficiency across the division.
Enhancing the efficiency and effectiveness of IP's strategy, financial performance, and operational processes.

The Managing Director will guide strategic decision-making on resource allocation, the use of strategic investments, and financial and operational performance management. This includes managing the revenue and expense budget (P&L management), overseeing strategic and financial management reporting, and supporting workforce planning and development.

The role will collaborate with SCUS Award Management, Compliance, Risk, Operations, and Strategy and Risk Management teams to ensure consistent agency reporting and adherence to risk management and regulatory compliance requirements. The position will provide financial and operational leadership in strategic planning, budget/reforecast processes, and lead ad hoc financial analysis with the central FABP team.

Additionally, the Managing Director will work closely with the global SCI/A Movement to drive excellence in financial management reporting and global mobility, leveraging business analytics and data management. This role will oversee finance across all IP business lines, analyze and report on performance to the IP VP and SMT, and provide strategic guidance to optimize resource management for the Agency.

What You'll Be Doing (Essential Duties)

Annual and Strategic Plan Development and Execution 30%

Budget and Reforecasting Cycles: Lead IP through the development and implementation of its annual budget process across all business teams, ensuring alignment with organizational goals. Manage IP's budget and reforecasting processes in close coordination with the FABP and IP SMT to ensure efficient resource utilization and optimal budget allocation.
Strategy Development and Execution: Provide financial leadership in developing and executing IP's strategic plan, goals, objectives, and priorities. Support and guide divisional strategy to achieve desired results for IP.
Workforce Planning: Collaborate with P&C and IP SMT to develop and monitor workforce planning strategies and processes across the division.
Financial Projections: Collaborate with IP VP & SMT, Portfolio Growth & Performance (PGP) team, and FABP to create and assess financial projections and forecasts for the division, identifying and addressing potential financial risks.
Problem-Solving: Identify and resolve complex multi-dimensional business problems.
Continuous Communication: Maintain ongoing communication with the IP VP, SMT, and CFO, providing essential financial and strategic guidance and keeping them informed of critical business, planning issues, and risks.

Financial & Operational Performance Monitoring and Analysis 30%

P&L Management: Oversee IP's profit and loss management as the primary point of contact for all financial operations, including monitoring and directing IP's revenue and spending strategies. Manage all factors affecting revenues and expenses, drive both short- and long-term financial strength and sustainability.
Performance Management: Evaluate ongoing financial and operational performance and recommend adjustments to strategies, policies, processes, or other factors to enhance long-term financial performance. Develop and present key performance indicators (KPIs), results of strategic investments, and performance metrics that promote accountability, support decision-making, and improve resource allocation and operational efficiency over time.
Financial Modelling & Analyses: Lead financial modeling and analysis across the division, including historical reviews, trend analysis, long-term forecasting, donor and revenue analysis, financial risk assessment, funding gap analysis, benchmarking, and ROI/performance evaluations. Present findings to the IP Senior Management Team, Finance leadership, and Agency Senior Leadership Team to support strategic decisions and investment choices that enhance long-term Agency outcomes.
Reporting: Lead development of regular financial and operational performance and management reports (e.g., budget vs. actuals, forecasted expenses, trend analysis, grant forecasts, and revenue modeling) to provide the IP SMT and central FABP with timely data for informed decision-making and performance management.
IP Budget Management Support: Ensure IP Business Team Heads, Budget Leads, and Award Management team understand and use accurate monthly budget data, reconcile expenses, and maintain precise forecasting to optimize agency resources and support informed decision-making at the departmental and divisional levels.
Operational Continuous Improvement: Identify and lead operational continuous improvement and change management projects to ensure operational policies, procedures, and practices are consistently applied across the division.

Systems & Process Management 25%

Diverse Tools: Support the development of new tools, dashboards, and reports to communicate financial information effectively to various stakeholders, tailored to the needs of each IP department.
Policies and Procedures: Support the updating, tracking, and compliance of financial policies and procedures set by the SCUS Finance Division.
Internal Controls: Ensure robust internal controls for financial and performance data integrity, including monitoring monthly spending against the budget (such as labor costs) and identifying or explaining significant over- or underspending.
SCI Engagement: Coordinate with SCUS Global Mobility and FABP to liaise with SCI to ensure the accuracy of SCUS information and alignment with global peers.
Global Mobility: Coordinate across IP, SCUS & SCI Global Mobility, and SCUS & SCI FABP teams to strengthen financial processes surrounding global mobility.

Team Development/Leadership 15%

Leadership: Directly supervise Senior Advisor, Operations and Senior Advisor, Budget & Planning and dotted line relationship to IP Business Team Budget Leads. Set organizational priorities, allocate resources, and execute department business plans.
Learning Culture: Foster a high-performance and continuous improvement culture that values learning. Uphold and model a team culture of knowledge management and sharing.
Mentorship: Advise, guide, and mentor team members in troubleshooting challenges and developing proactive solutions.
Negotiations: Influence both internal and external stakeholders, including senior executives, vendors, and regulators.

Required Qualifications

Bachelor's Degree or equivalent experience, plus at least 10 years of relevant experience in strategy development, financial planning, budgeting, cost control, operations, data analytics/insights, and finance/grant management.
Solid understanding of US government regulations, nonprofit OMB Circulars, and GAAP. Demonstrated knowledge of donor regulations applicable to grants administration. Experience in award management and administration of sub-grants funded by USAID.
Experience with Enterprise Risk Planning systems and operating sophisticated financial and management systems to support a complex, fast-growing and dynamic operation.
Able to motivate and lead without direct authority over those participating in the project.
Independent problem solver and decision-maker.
Excellent communication skills, with the ability to communicate financial and quantitative information clearly.
Ability to think strategically and align financial analysis and reporting to drive results.
Professional experience as a manager and organizational leader.
Proven understanding of the core business drivers and ability to work effectively across a federated international NGO and with business team stakeholders.
Proven senior functioning capacity: highly organized; ability to operate well in both high level and detailed realms; ability to plan ahead.
Ability to facilitate change in an organization and drive results through influence.

Compensation

Save the Children is offering the following salary ranges for this position, dependent on candidate location:

Geo 1 - NY Metro, DC, and other locations with labor costs significantly above national average: Target Salary for this position is $131,750 - $147,250 base salary . click apply for full job details