Regional Senior Financial Manager

iDE is a non-government organization dedicated to empowering entrepreneurs to end poverty. Headquartered in Denver, Colorado, our global work within agriculture, sanitation, and gender equality, stands out in the international development sector because we don’t simply hand out money or supplies. Instead, we believe in powering small-scale entrepreneurs and building robust market ecosystems that are financially competitive, resilient to changing climates, and inclusive of marginalized people. Given access to simple technology, market links and microfinance, iDE has demonstrated that entrepreneurs can lift themselves out of poverty and become change agents in their communities. Founded in 1982, and with operations in 10 developing countries, iDE has made an impact in the lives of more than 35 million people, providing access to markets, boosting incomes and improving wellbeing. By listening to every stakeholder—producers, suppliers, retailers and customers—iDE designs programs that overcome critical bottlenecks and develop lasting solutions. We employ over 1,200 staff globally, 96 percent of whom are nationals or field based. Our 2024 budget of 52.5 million includes funding from nearly 40 institutional donors, including USAID, SIDA, GAC, UNICEF, DFAT, MFAT, EU, and SDC.

Key Responsibilities/Tasks

The Regional Senior Finance Manager (RSFM) serves as the Finance lead and focal point for assigned iDE country offices, providing technical financial leadership. The RSFM ensures the implementation of sound internal controls and financial management of assigned countries, as well as internal and external financial reporting, including donor reports and all statutory reporting requirements. S/he provides daily financial oversight to the assigned country programs to ensure that the financial records are complete, accurate and comply with US Generally Accepted Accounting Principles (US GAAP), policies and regulations, to facilitate solid decision support. The Regional Senior Finance Manager also assists with capacity building efforts of the assigned Country finance teams and works proactively and cooperatively with HQ management and staff to implement solutions as required. This position supports complex, multi-country grants as well as the start-up of new country offices which involve highly critical steps to implement new systems of internal control.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The Regional Senior Finance Manager performs the following primary responsibilities:

• Provides ongoing financial oversight and feedback to Country office Finance Directors (FDs) or Finance Managers (FMs) to improve effectiveness in financial management and reporting. Performs comprehensive reviews of country financial reports to include performance analysis in the following areas: balance sheet, income statement, cash, grants/contracts, unrestricted and general income and expenditures, actual expenses vs. budget analysis and forecast, adequacy of adherence to generally accepted accounting principles, donor requirements and iDE financial procedures.
• Supports complex, multi-country grants to ensure grant compliance across multiple country offices and various departments at iDE Headquarters. Provide financial reporting to donors and ensure compliance with terms and conditions of these grants.
• Support complex start-up of new country operations including implementation of internal control frameworks and selection and successful on-boarding of new country finance directors.
• Works with Country finance teams to promote full adoption and utilization of Netsuite financials capabilities such as electronic payments, employee expense reimbursements and other automated features.
• Provides guidance to Country finance teams on implementation and maintenance of strong financial controls and corrective actions on reporting irregularities.
• Review and document revenue recognition for new iDE grant awards in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). Prepare iDE’s “Grant Revenue Accounting Checklist” based on a review of the actual grant agreement to document whether revenue should be classified as restricted or unrestricted and whether the revenue recognition is conditional or unconditional along with the basis for timing of recognition (upon award or based on cost incurred or milestones).
• Reviews fund transfer requests by evaluating financial activities and forecasts against budgetary controls and available funds.
• Reviews and reconciles Country Program intercompany accounts on a monthly basis. Communicates with country FDs on discrepancies.
• Ensures overheads due to HQ are reported in Country Program books and corresponding entries are made in HQ.
• Ensures monthly revenue recognition for Country