Finance Lead

Company Description

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Role Description

Description of where your role will sit in the organization

1. You will be a member of the Middle Management Team at Project Potential

1. You will be working in close association primarily with the Program teams based in Thakurganj office and eArthshala, in Bihar.

Key Responsibilities

1. Financial Management

a. Finance Strategy

i. Develop and align finance strategy with organizational goals

ii. Set cross-organizational finance goals for specific alignment.

b. Fund Management

i. Track budgetary allocations and expenditures to ensure that the organization stays

within budget and can adjust spending as needed

ii. Oversee that all estimates in the organization are in sync with sectoral and internal

terminologies

iii. Finalize budgets across the organization based on funds raised/available

iv. Oversee fund reallocations as per donor commitments and organization strategies

v. Prepare financial reports for internal management, and donor compliance

vi. Ensure compliance with all legal, regulatory, and reporting requirements

c. Team Development

i. Explicitly communicate team coordination mechanisms and processes

ii. Identify gaps in the finance team and identify opportunities to optimize team roles

iii. When necessary, identify and execute recruitment needs and finalize JD content

iv. Train, mentor and develop team members to increase their financial literacy,

proficiency, and effectiveness in budgeting and managing funds

d. Accounting and Financial Systems

e. Oversee all accounting works such as bookkeeping, financial reporting, and taxation

f. Maintain existing or build out separate, if required, accounting and financial systems and processes for tracking all transactions, compliance integration, and

financial and material donation records

g. Maintain financial controls to ensure the accuracy and integrity of financial data

2. Conduct Financial Analysis

a. Conduct financial analysis to identify areas for cost savings or revenue generation

b. Identify and implement strategies to improve financial performance

c. Develop and maintain financial models to support analysis and decision-making

3. Financial Policies and Procedures

a. Develop and implement financial policies and procedures to ensure compliance with

organizational and regulatory requirements

b. Ensure that policies and procedures are communicated and understood by all relevant

stakeholders

c. Continuously evaluate and update policies and procedures to ensure effectiveness and

efficiency

4. Budgeting and Cash Flow Management

a. Lead the annual budgeting process and ensure that budgets are aligned with organizational

goals and priorities

b. Monitor cash flow and manage cash reserves to ensure adequate liquidity for the

organization's operations

c. Develop and implement strategies to optimize cash flow and minimize financial risk

5. Stakeholder Management

a. Manage relationships with banks, financial institutions, and other external stakeholders

b. Negotiate favorable terms and conditions with financial institutions and other stakeholders

c. Represent the organization in financial discussions and negotiations with external

stakeholders

6. Collaboration and Reporting

a. Collaborate with other departments to ensure financial data is accurately captured and

reported

b. Provide regular financial reports to management and the Board of Directors

c. Ensure compliance with all reporting requirements, including tax and regulatory filings

d. Share knowledge and expertise with team members and other stakeholders.

Who You Are

1. A seasoned professional with 8-10 years of overall experience in the social impact space (NGOs, CSRs,

or social enterprises), including at least 5 years as team lead for finance & compliance

2. Possess working knowledge of the Income Tax Act, GST, FCRA, and applicable labour laws and

related compliances

3. A strong communicator, facilitator, and coach, capable of designing and managing systems while staying closely connected to on-the-ground realities.

4. Holds a Bachelor’s degree in finance or commerce; a Master’s degree in finance or a related field is preferred.

5. Passionate aboutfinancial stewardship, strengthening nonprofit systems, and enabling

mission-driven impact through transparency and accountability