Director of Accounting and Financial Reporting

Position description

The Director of Accounting and Financial Reporting serves as a strategic partner to the Global Controller, playing a critical role in advancing CAREs mission by delivering high-value financial insights and driving excellence in global financial management. This position provides functional leadership to senior finance staff, oversees CARE’s shared services center in Manila, and collaborates closely with senior leaders across U.S., regional, and country offices.

Key Responsibilities:

Financial Leadership & Oversight: Supports the Global Controller in ensuring the delivery of timely, accurate, and comprehensive financial information to both internal and external stakeholders. This includes the development and enforcement of financial policies aligned with Generally Accepted Accounting Principles (GAAP) and donor requirements, consolidation of global financial data, and preparation of statutory financial statements and reports.

CARE HQ Accounting and Financial Reporting:

This position is responsible for complex areas such as revenue accounting, investment accounting, as well as accounts receivable, cash application and accounts payable (inclusive of employee travel advances and expense reporting) and fixed assets. This position provides leadership and direction, overseeing complex gift processing exceeding $200 million annually and supports the Fundraising department and associated management reporting. This position also provides supervision and guidance to the Credit Card administrator as the new card program is launched.

This position also oversees the external financial reporting, which includes the preparation of quarterly financial statements in accordance with US generally accepted accounting principles (US GAAP) and serves as a key liaison for the external auditors during the interim and year end audit. Specialized skills and strong accounting knowledge is required.

Coordination with internal and external partners is critical, including collaboration with the Shared Service Center in Manila, grant & programs managers leading USA01 programs, and CARE’s external audit firm. The Director of Accounting and Financial Reproting directly supervises managers and four accounting & financial reporting personnel indirectly and provides training and capacity building to the finance, accounting and reporting team to ensure skills are appropriate and that the team can respond to the rapidly changing accounting and compliance environment.

This supports the Global Controller in overseeing the annual Financial Statements Audit conducted by CARE’s external auditors.

RESPONSIBILITIES:

Team Leadership Support to Global Controller

• Team Leadership:
  Lead and manage a team of professional finance staff by providing consistent supervision, leardership, and support. Foster a high-performance culture through coaching, training, and performance management. Cross-
• Functional Collaboration:
  Partner with the Finance Team, Shared Services Center, and key stakeholders across departments to proactively address financial management and compliance issues.
• Team Development:
  Build and sustain an effective finance team by investing in professional development and creating a collaborative, inclusive work environment.
• Communication & Coordination:
  Ensure seamless communication and coordination between finance units, other CARE USA departments, and external partners to support organizational alignment and operational efficiency.

Oversee HQ Accounting Team

• Supervise, lead, guide and support the accountants and managers in the CARE USA’s HQ accounting department. This includes, but is not limited to, developing and updating job descriptions, recruiting (when necessary), annual goal setting and performance management, and coaching and developing.
• This person should pro-actively lead the hiring for direct reports and have a high degree of involvement in the recruiting, on-boarding and coaching for all team members. Support HR/P&C through department reviews of staff to support short & long term strategic initiatives and operational plans.
• Evaluate needs for cross-training of staff to maximize efficiency and minimize control risks and dependencies.

Oversee Revenue Recognition and Budget

• Oversee complex gift processing which includes ensuring completeness, accuracy and valuation of private fundraising, including split interest agreements (perpetual trusts, charitable trusts, gift annuities), planned giving/estate gifts and contributions in kind (CIK). Ensure that processes and procedures are in place to ensure revenue recognition is performed in accordance with US GAAP, including the automation of data feeds from Salesforce and information flow from Fundraising Business Operation colleagues. Work closely with the Revenue manager and Fundraising team to complete the annual budget and automate the bi-weekly revenue report using Power BI. Team and Board of Directors.
• Working with budget holders and financial planning & analysis, oversee the preparation of revenue & expense reports vs. budget for senior management (EMT members and department leads). Support HQ and other domestic holders in annual budgeting process, budget to actual review to ensure proper accounting (revenue, expense, prepaids, capital, etc.).
• Through awareness of strategic initiatives, ensure that accounting for non-recurring activity is appropriate (such as building expansion, software implementations)
• Ensure that financial feasibility studies for new and ongoing initiatives are rigorous and provide complete and relevant information for decision making.

GAAP and Financial Reporting and Financial Statements Audit Oversight

• Responsible for maintaining a high level of integrity of CARE USA’s general ledger and subsidiary ledgers. Provides oversight for the monthly balance sheet review, ensuring reconciliations are performed & issues resolved timely. This involves interactions with the CARE USA/USA01 accounting team in Manila as well as program & grant managers based in Atlanta.
• Oversee the accurate, timely and efficient processing of vendor invoices and employee travel advances and expense reimbursements. Ensure proper supporting documentation is included in accordance with policy and vendor discrepancies and disputes are resolved timely. Ensure proper accounting period of expenses submitted to A/P each month, quarter and during year-end financial close by engaging with key budget holders and review of budget vs actual.
• The Director overseen Financial Statements Audit conducted by CARE’s external auditors.
• Review the Quarterly User Access Verification and submit all changes timely to the SSC team.
• Work closely with SSC-Manila AP team members to improve quality of AP processing and reduce the number of adjusting and reclassification entries.
• Supervise external financial reporting which includes overseeing the preparation of US GAAP financial statements, federal and state filings, NICRA calculation and preparation/submission to USAID, support & supervise the preparation of other statutory and industry surveys (census bureau, bureau of economics, BBB, Forbes, etc.)
• Oversight for CARE USA, CARE Action Now and CARE Enterprises tax return process and ensure compliance with new tax regulation, including managing external tax providers.
• Serve as technical resource for complex accounting issues (revenue recognition, capitalized software, new lease standard) and thought leader on the application and implementation of new standards at CARE.
• Responsible for planning and supporting the consolidated financial statement audit and Uniform Guidance (US Government) audit. Serve a primary contact for on-site auditors, and ensure that all audit schedules are prepared accurately, timely and consistently and are reviewed before providing to the auditors. Through coordination with IPO and AMS colleagues, anticipate and mitigate areas of possible audit risk. Represent CARE with other external auditors at the federal, state and local level, including USAID.

Qualifications

• Degree in Accounting and/or Finance
  – A minimum of ten years financial management experience, in an organization of comparable size and complexity to CARE.
  – Knowledge, Certifications and Abilities:
  * Certified Public Accountant
  * Strategic Management & Leadership skills
  * Excellent communication and inter-personal skills; diplomacy
  * Ability to balance customer service, team work and control for optimum use of CARE’s financial resources
  * Problem Solving skills
  * Demonstrated knowledge of control systems and application of management approaches
• A minimum of five years financial management experience, in an organization of comparable size and complexity to CARE
  – Strategic and operational change leadership
  – Non-profit GAAP experience
  – US Government Regulations and Uniform Guidance audit experience

Technical Skills:
– Enterprise Resource Planning and Financial Software use
– Analytics
– Presentation development

Treasury related qualifications:
– Education: Bachelor’s degree in Finance
– Minimum of ten years’ experience in finance, at least seven of which has been in treasury systems
– Expert level of proficiency in finance and treasury systems
– Expert knowledge of principles, practices and techniques associated with cash management, banking, and investment management
– Advanced knowledge of Federal cash management systems and regulations
– Advanced knowledge of fundraising and crediting systems
– Experience in Foreign Exchange systems preferred
– Experience in developing and delivering training

Technical Skills include:
– Strong analytical skills and ability to determine application of established practices and procedures, able to tackle problems by using logical, systematic approaches as well as train and coach others in the skill
– Cash and investment accounting and reconciliation skills
– Skill that encourages others to seek opportunities for different and innovative approaches, facilitates implementation and acceptance of change
– Strong research skills and ability to source and identify information; ability to use information as effective tool
– Strong computer skills including proficiency in Word, Excel, spreadsheets, and databases; familiarity with Internet Systems
– Experience in Treasury Desktop or other treasury management systems

Preferred Qualifications:
– Masters in Accounting or Finance or related area
– Treasury related:
* Advanced degree (MBA), CPA, or Certified Treasury
* Professional equivalent relevant experience strongly preferred
* Experience in Foreign Exchange systems preferred
* Experience in developing and delivering training
* Experience in Treasury Desktop or other treasury management systems
* Experience with online global banking and management

• Finance functional leadership experience in an international not-for-profit organization at a senior level
  – Experience in developing or overseeing complex financial analysis and planning
  – Developing and delivering financial presentation to a variety of audiences
  – Project management skills (PMP)

Application instructions

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