Role Summary:

The Head of Finance is responsible for leading strategic and overseeing financial operations. He/she will need to ensure effective systems and processes for fiscal planning, ongoing budget management, grant reporting oversight, risk management, and internal financial control processes such as reporting and compliance. The Head of Finance reports directly to the Executive Director (ED) and will serve as the lead of the Finance team, which includes the Finance manager and accountant.

Main Accountabilities:

Financial Planning, Management and oversight (80%):
Financial Strategy and Planning:

● Review, reset and establish sustainable financial systems.
• Develop and implement the organization's financial strategy in alignment with its overall goals and objectives.
• Conduct financial analysis, forecasting, and modeling to support strategic decision-making.
• Collaborate with the Executive Director to develop long-term financial plans and identify opportunities for financial growth of the organization.
• Partner with the ED to address all financial-operational and financial-strategic issues as they arise and provide recommendations based on financial analysis and projections, cost identification and allocation, and revenue/ expense analysis.

Financial Management and Reporting:
• Oversee the financial management of the organization, including budgeting, financial reporting, and analysis.
• Ensure the accuracy, integrity, and timeliness of financial statements and reports.
• Plan and execute ongoing budget controlling tasks and prepare and submit to the ED & Executive Board quarterly financial reports on Teach For Lebanon overall activities, including variance statistics, highlighting key financial metrics, risks, and opportunities.
• Ensure legal and regulatory compliance regarding all financial functions. Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate legal and TFALL standards and regulatory requirements.
• Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes.
• Administer and review all financial plans on a monthly basis and compare to actual results to identify, explain, and correct variances as appropriate, as well as supervise short-, mid-, and long-term financial plans and projections.
• Oversee and guide all financial, project/ program, and grants accounting/ financial reporting process and yearly audit-related activities, and mid-year forecast process, as well as legal accountancy services.

Stakeholder Engagement:

• Prepare monthly reports on incoming funds with the Finance Manager and partnering with the Development Department in order to identify the nature of those (Foundations, Individuals, Government, Multilaterals, Corporations, etc.).
• Conduct bi-monthly check-in with the Procurement department in order to plan and timely execute the payment process.
• Collaborate with internal and external stakeholders, such as auditors, organization’s lawyer, banks, and suppliers.
• Act as a financial advisor to the executive team, providing insights and recommendations on financial matters.

Financial Operations:
• Lead and manage the finance team, providing guidance, mentorship, and support.
• Oversee all financial operations, including accounting, accounts payable and receivable, payroll, and procurement.
• Optimize financial processes and systems to drive efficiency and accuracy.
• Handle performance evaluation reviews to finance and accounting employees in the organization and provide effective leadership, coaching, and direction.

Other Responsibilities (20%):
• Work closely with the Development Department and TFL US, including assistance and support of the draft of project budgets, monitoring, compliance and reporting.
• Provide relevant assistance in TFA's special projects initiatives.

Education, Experience and Qualifications:

• Master's degree in economics or finance.
• CPA or equivalent certificates are preferred.
• At least 8-10 years of professional leadership experience and deep knowledge in financial planning, management, forecasting and accounting management and in developing a finance team.
• Special consideration will be given to individuals with a financial background in nonprofit management, e.g., reporting for grants.
• Proficiency in English and Arabic.
• Strong Knowledge of Microsoft offices.
• Professional knowledge in accounting software Wizard (or any other software).
• Excellent communication and presentation skills, with the ability to effectively communicate financial information to non-financial stakeholders.