Associate – Finance

Organization
Upaya Social Ventures
Deadline for Applications
08/08/2015
Contact Information
aarora@upayasv.org

Upaya Social Ventures is seeking a full-time Associate – Finance to join its India team. The position could be based out of Delhi or Bangalore. 

Position Summary

The Finance Associate’s primary responsibility would be to assist with the delivery of financial management technical assistance to portfolio companies – early stage small and growing businesses / SMEs – under Upaya’s LiftUP program encompassing support for budgeting and forecasting exercises, capacity building in the form of trainings and guidance on financial controls as well as creation of fundraising collateral such as financial models. The Associate is also expected to manage Upaya’s internal financial reporting and budgeting processes for the India entity (private limited) while actively liasoning with Seattle (US) office counterparts.

Organisational Relationship

Reports to:     Director, Business Development

Job Responsibilities

Towards LiftUP Project (Flagship investment program):

Accounting

–       Review financial statements of portfolio partners and highlight key performance metrics and trends across categories

–       Support portfolio partners in periodic budgeting and financial forecasting exercises

Financial Planning

–       Support LiftUP partners to design a long-term financial strategy, and ensure regular monitoring and management for sustainable organizational growth

–       Assess financial management processes of new LiftUP partners, and assist with implementation of financial management assistance plan for the partner

Training / other capacity building related to Financial Management

–       Identify common financial management challenges faced by LiftUP partners, and develop standardized trainings to ensure effective operations of LiftUP partners

–       Liaise with LiftUP partners regularly to ensure adoption of recommended processes/templates/trainings, and troubleshoot any challenges or bottlenecks

Towards Company (Upaya India):

Accounting

–       Monitor and update cash flow report for India entity twice monthly

–       Develop monthly and quarterly budget and variance reports

–       Establish and ensure compliance with adequate accounting and internal control procedures

–       Produce year-end financial statements that reflect the activities of the India entity

Compliance

–       Oversee year-end audits and internal audits, if any

–       Ensure all India-based tax payments, filings, registrations, licenses, and regulatory reports are kept current by coordinating with external service provider/s

Key liasoning responsibilities

–       Interact with external accounting firm as necessary and provide assistance with transfer of financial data to Seattle office     

–       Work with Seattle office counterpart  on monthly reconciliation of cash status, transactions and expenses and reporting on overall financial health of India entity

–       Work with CEO to produce annual and quarterly cash forecasting reports

Qualification

Qualified Chartered Accountant with a relevant Bachelor’s degree (Commerce/Economics/Business) from a reputed university

Skills & Experience

–       2 – 3 years of post-qualification work experience in finance function, preferably in an SME environment; is a must

–       Strong command over Indian Accounting Standards and familiarity with Companies Act

–       Competence in MS Office is required with a high level of proficiency in MS Excel;

–       Knowledge of accounting softwares such as Tally strongly preferred

–       Experience in financial modelling strongly preferred

–       Ability to work and communicate with cross country teams and diverse stakeholders

–       Strong written and verbal communication (fluency required in English and Hindi)

–       Demonstrated ability to thrive in a dynamic, entrepreneurial, self-motivated environment

–       Comfortable with travel to partner locations esp. far-away places like north-eastern states of India and impoverished communities

–       Strong work ethic and steadfast commitment to Upaya’s values: Tenacity, Transparency and Trust

About Upaya

Upaya deploys high risk, patient equity seed capital in early-stage Small and Growing Businesses (SGBs). Founded in 2011, Upaya’s portfolio has grown to include 10 startup businesses and is targeting to add an equal number of start-ups in the next 12 – 24 months.

Upaya’s investments are made through the organization’s Life-changing Interventions for the Ultra Poor (LiftUP) Programme. Through this program, Upaya team provides hands-on financial management and business development incubation support to entrepreneurs that are creating jobs for the ultra poor. The team funds and incubates early stage ventures in order to help them scale up and attract follow-on funding. Upaya partners have so far created more than 1800 jobs. Upaya is also partnering with other impact investing funds through co-investment facilities in order to unlock a larger capital flow to LiftUP Portfolio companies and this so far has resulted in our investments attracting 5X that amount from other impact investors into our businesses.

Contact Us:

Interested candidates please send their resume with a brief covering letter to aarora@upayasv.org. Only shortlisted candidates will be contacted back