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Finance Associate, Financial Planning & Analysis LTE

Employer
Bill and Melinda Gates Foundation
Location
New Delhi New Delhi Delhi, Delhi, India
Salary
Competitive Salary
Closing date
May 29, 2024

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Job Role
Financial Planning & Analysis
Sector
Finance
Contract Type
Permanent
Hours
Full Time
The Foundation
We are the largest nonprofit fighting poverty, disease, and inequity around the world. Founded on a simple premise: people everywhere, regardless of identity or circumstances, should have the chance to live healthy, productive lives. We believe our employees should reflect the rich diversity of the global populations we aim to serve. We provide an exceptional benefits package to employees and their families which include comprehensive medical, dental, and vision coverage with no premiums, generous paid time off, paid family leave, foundation-paid retirement contribution, regional holidays, and opportunities to engage in several employee communities. As a workplace, we're committed to creating an environment for you to thrive both personally and professionally.
The Team
The FP&A team is responsible for optimizing portfolios to achieve foundation goals, engaging with partners and grantees, and identifying and analyzing grants to maximize foundation impact.
- Portfolio Management: Optimize finite resources across portfolios to achieve foundation goals using a fluid capital market approach to fund priorities.
- Partners and Grantees: Engage in coordinated strategic and business analysis across funders and institutions with shared strategic objectives and strengthen partners to improve their capacity to execute.
- Grants: Assess value for money, identify and mitigate risk, and provide financial analysis in order to maximize grant impact.
In India the foundation, over the past 2 decades, has been working with India's Central and State governments, community groups, nonprofit organizations, academic institutions, the private sector, and development organizations, to achieve our shared goals. Our strong networks and ability to convene intellectual resources from many sectors and regions of the globe allow us to address complex challenges as they emerge or evolve. With a particular focus on Bihar and Uttar Pradesh, we work with partners to develop impactful and sustainable solutions to improve the quality and coverage of key services for the poor and vulnerable. We also work in the states of MP, Chhattisgarh, Tamil Nadu, Andhra Pradesh, Odisha, and Maharashtra to support programs in the Global Growth Opportunities portfolio (urban sanitation, agricultural development, and digital financial inclusion), and gender equality.
The India Country Office (ICO) business team cluster works on behalf of the organization to ensure a robust country strategy, effective and efficient planning and management of program portfolios, and dynamic learning and adaptation to achieve goals in a sustainable manner.
Application deadline: 30th May, 2024.
Your Role
The Finance Associate role is responsible for providing business and financial analysis support to the foundation's Program Strategy Teams (PSTs). Responsibilities include assessment of grantee/vendor financial positions, evaluation, and negotiation of grant budgets, grant structuring, and continued financial monitoring of multi-year grants and organizational due diligence to review capacity and health as well as building key relationships. Other key responsibilities include financial planning and forecasting to support the team in resource prioritization decisions, as well as project work to strengthen the division in overseeing financial aspects of its grant pipeline and individual programs.
The role will be based in New Delhi, India and report to Deputy Director, Financial Planning & Analysis, Country Offices. This is a Limited Term Employment (LTE) for 9 months.
What You'll Do
- Support annual budgeting and financial planning processes, including partnering with Program Officers and the Strategy, Planning and Management teams to translate business strategy into mid and long-range forecasts and annual plans to produce detailed, dynamic 4-year grant budgets, as well as risk assessments and scenario modeling.
- Perform financial due diligence of grantees/vendors/organizations, evaluating their positions and risks.
- Support leadership to recommend and implement grants and develop appropriate mitigating strategies to manage financial and organizational risks.
- Partner with Program Officers to provide financial and business perspectives in grant-making, in addition to cultivating strong partnerships with business teams.
- Cultivate key functional relationships.
- Provide forecast support and portfolio allocation management for assigned PSTs, including the monitoring of actuals and forecasts to budget, with risk assessment and produce variance analysis.
- Perform analysis and provide financial advice to support resource allocation and decision-making.
- Support data analyses to generate new insights on the grant portfolio, leading to improved allocation of resources.
- Structure grants to optimize cash disbursements in consideration of operational risks.
- Leverage tools and reports to plan and monitor workflow, forecast, and payout performance.
- Participate in cross-foundation projects to improve tools and practices in support of effective grant-making, pipeline management and operational excellence.
- Support the finance-related needs of the division as they arise.
- Other duties as assigned.
Your Experience
- Bachelor's degree with minimum 5 years of relevant experience, preferably worked in a global environment.
- Experience with finance processes, such as budgeting, forecasting, reporting, etc.
- Experience with organizational due diligence and financial statement analysis.
- Ability to interpret and understand financial statements.
- Strong analytical skills, ability to absorb and synthesize data, build quantitative financial models, and distill key insights.
- Experience in developing, maintaining, and handling dashboards and critical reports/data visualization tools.
- Strong relationship building skills with proven ability to work with diplomacy, and flexibility, particularly as part of a team.
- Ability to influence without formal authority and positively interact with staff at all levels within the organization.
- Excellent verbal and written communication skills.
- Strong organizational skills with the ability to manage multiple priorities and navigate multidisciplinary teams in a matrixed organization.
- Ability to work independently and proactively to manage job responsibilities.
- Technical and complex financial knowledge preferred, including international finance and capital and currency markets.
- Experience with grant and grant structuring preferred.
- Advanced Excel skills and data visualization experience preferred.
Other Attributes
- Creative, thoughtful, and curious professional who has an excellent track record of achievement.
- Prepared to work across a diverse set of disciplines, bridging a wide range of expertise, with a demonstrated ability to work with agility, and diplomacy in a dynamic environment.
*Must be able to legally work in the country where this position is located without visa sponsorship.
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Hiring Requirements
As part of our standard hiring process for new employees, employment will be contingent upon successful completion of a background check.
Candidate Accommodations
If you require assistance due to a disability in the application or recruitment process, please submit a request here.
Inclusion Statement
We are dedicated to the belief that all lives have equal value. We strive for a global and cultural workplace that supports ever greater diversity, equity, and inclusion - of voices, ideas, and approaches - and we support this diversity through all our employment practices.
All applicants and employees who are drawn to serve our mission will enjoy equality of opportunity and fair treatment without regard to race, color, age, religion, pregnancy, sex, sexual orientation, disability, gender identity, gender expression, national origin, genetic information, veteran status, marital status, and prior protected activity.
Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation (http://www.gatesfoundation.org/) works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people's health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people-especially those with the fewest resources-have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Mark Suzman, under the direction of co-chairs Bill Gates and Melinda French Gates and the board of trustees.

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