Reporting to the Head of Finance & Accounting, Human Capital Development (HCD), the Finance Lead will support the Programs teams and partners to oversee all financial aspects of program partnerships including due-diligence, budgeting, controls, contracting, financial reporting and analysis. The Finance Lead will act as the primary Finance contact for the Program team in Canada.

WAYS YOU CAN CONTRIBUTE

• Manage the full cycle of Finance program partner contracts, i.e., Expression of Interest (EOI), proposal, contract approval, conduct due diligence, budget reviews, program execution and monitoring, and program completion.
• Guide and train external program partners on all financial aspects of contract execution, including budgeting and reporting, due diligence, financial controls, and Canadian regulatory requirements.
• Provide financial expertise and advice internally to the Foundation’s Programs team on the development and implementation of comprehensive programming strategies.
• Provide ad-hoc data and support for learning and evaluation activities, including analysis of program outputs and value-for-money.
• Maintain accurate and timely financial documentation and data, and report on contract commitments, disbursements, and cash flow projections.
• Ensure the managements grants systems is updated in a timely & Accurate manner with the correct financial information for each program.
• Constant monitoring of program financial performance post kick off (Deliver phase) to ensure the Foundation’s resources are deployed as envisaged and there are sufficient funding & financials controls in place to support the delivery expected program outcomes.
• Ensure there are adequate business controls with the programs to ensure the safeguarding of the Foundation’s assets.
• Accountable for compliance with local and international financial regulations and requirements, e.g., Canada Revenue Agency standards, anti-money laundering and anti-terrorism laws, etc.
• Provide periodic reporting on partner finance matters as determined by the partner contracts and ensure follow-up action items are closed as required.
• Troubleshooting and management of financial issues that arise during program implementation.
• Lead comprehensive program assessment processes ensuring quality control of the plans (Accountable for the quality of the Due diligence assessment).
• Lead the assessment of the organization's capacity assessments, especially as they relate to the financial capacity of potential partners.
• Drive and annual due diligence review process and update yearly workplans with Programs teams and partners.
• Perform due diligence procedures on partners (i.e., evaluating financial statements, tax returns, financial capacity, watchlist screening).
• Assess alignment with charity law (i.e., private benefit and charitable purpose rules) in coordination with the Legal & Compliance teams.
• Ensure programs comply with Canadian regulatory requirements (e.g., charitable purposes and private benefit), and international financial regulations (e.g., anti-money laundering and anti-terrorism laws), escalating to Legal and Compliance team as required.
• Provide financial information and insights related to program finance to aid decision making.
• Provide input into the Foundation financial planning & budgeting routines within the required timelines and guidance as provided by the financial planning & Analysis team.
• Manage analysts and interns who assist the delivery of program finance tasks on a regular basis; assign work and review resource outputs.
• Identify opportunities to improve and standardize processes within Finance.
• Any other tasks/Projects as maybe required from time to time.

WHO YOU ARE

• Bachelor's degree in Accounting; MBA is an added advantage.
• Professional accounting qualification and a member of a relevant professional body.
• Minimum of 10 years progressive experience in financial roles within large and/or global organizations.
• Proficient in MS Office applications, particularly Excel.
• Knowledge of CRA regulatory requirement for Canadian not-for-profit organization is an added advantage.
• A member of or having previous exposure and relationships with Canadian Indigenous communities is an added advantage.
• Working knowledge of Financial Internal Controls Management.
• Financial Reporting & Analysis experience including Budgeting, Financial Forecasting.
• Fluent in English, French and other Canadian Indigenous languages is an added advantage.
• Strong analytical skills with a high level of attention to detail and project management competence.
• Able to formulate, develop a new or creative approach to a problem, and good influencing skills.
• Able to identify & mitigate operational, financial, and business risks.
• Results driven and self-disciplined, with a strong sense of team and common purpose to achieve ambitious goals (especially in a hybrid environment).
• Flexible, adaptable, and able to execute a range of job duties and changing priorities.
• Possess excellent verbal, written, and presentation skills with the ability to articulate information to a variety of constituents across cultures.
• Possess professional maturity, sensitivity with different cultures, and impeccable integrity that exemplify the Foundation’s values.
• Demonstrate a commitment to Mastercard Foundation’s values and vision.

Deadline for Applications is January 09, 2023.

Mastercard Foundation (the “Foundation”) values and respects your privacy. By submitting an application for this opportunity, you hereby agree to the Foundation’s collection, use and disclosure of your personal information in accordance with its Privacy Policy (available at https://mastercardfdn.org/privacy/). Please note that the Foundation may share your personal information with third-party agencies that support the Foundation’s recruitment activities, and such third-party agencies may contact you directly regarding this opportunity. If you have any questions or concerns, please contact the Foundation’s Privacy Officer at the address indicated in its Privacy Policy.