IMA World Health is seeking a dynamic, experienced Chief Financial Officer to provide strategic financial expertise and leadership to the organization, as well as develop and manage finance and accounting systems and operations. The CFO serves as an integral member of the executive leadership team, supporting IMA’s mission to build healthier communities by collaborating with key partners to serve vulnerable people.
IMA World Health (IMA) seeks to improve or provide health care services and products to people in need around the world. Originally founded in 1960 by a group of six Protestant mission boards who relied on IMA to support their clinics all over the world, today IMA offers sustainable and efficient solutions to health-related problems that are far too common in the developing world. Our impact is measured in many ways: 46 million people reached with health services; 40 million people reached through a nutrition campaign in Indonesia, 25 million treatments for neglected tropical diseases (NTD) distributed in Tanzania annually; 8.9 million people with improved health care in the Democratic Republic of Congo, 3.2 million people treated for NTDs in Haiti annually; and 1.8 million visits made to outpatient services in South Sudan.
Our vision is health, healing and well-being for all. Four core values guide IMA’s work: organizational excellence, stewardship and accountability, empowering partnerships, and serving vulnerable people and populations. We believe all people deserve to lead healthy and productive lives, and we can do more together than alone. This spirit of joint action remains foundational to IMA today.
IMA focuses on bringing health and healing to the developing countries, especially the poor and marginalized populations, primarily through building the capacity of local faith-based partners and working in partnership with Ministries of Health and other stakeholders. Through field offices in Tanzania, Haiti, Democratic Republic of Congo, South Sudan, Kenya, and Indonesia, current principal program areas include:
- Providing medicine and supplies - Procurement, shipment and distribution of pharmaceuticals, medical equipment and supplies.
- Fighting disease – Fighting disease by targeting specific diseases that plague the developing world and keep people in poverty.
- Strengthening health systems – Integrated Health System Development (including financial management and delivery of basic packages of health services).
- Women’s empowerment – Empowering women by promoting health, equality, and opportunity for women around the world.
Headquartered in Washington, DC, IMA World Health is governed by a 10-member Board of Directors with annual revenues of $100M, a staff of 49 in our DC office, and a worldwide staff of 300. The CFO is an integral member of the Executive Leadership Team (ELT) which includes the Chief Executive Officer, Chief Operating Officer, Vice President for International Public Health Programs, and Vice President for External Relations. For additional information, please visit our website at www.imaworldhealth.org.
Reporting to the CEO, the Chief Financial Officer (CFO) drives quality, efficiency, and accountability across the organization. As IMA continues to strengthen and expand its services and mission impact, the CFO guides the evolution of the finance and accounting infrastructure that supports the mission and growth. As part of the Executive Leadership Team, the CFO will participate in discussions and decisions around leading transformation and strategic growth. In addition, the CFO will provide leadership for near- and long-term financial planning; oversee a global finance and accounting system; and ensure compliance, integration of best practices, and risk mitigation. The CFO directly supervises the Director of Accounting and the Director of Finance, works with a team of 10 in the DC office, and oversees the integration of finance and accounting from six field offices.
Key Priorities and Responsibilities
Working with the CEO, members of the ELT, the accounting department, and other staff at IMA, the CFO will focus on the following priorities:
- Engage with the 6 international field offices to gain a first-hand understanding of existing accounting and finance procedures, and provide leadership in advancing system processes and procedures that bring efficiencies and support compliance with CAS, FAR, GAAP, etc.
- Understand the international marketplace of funding opportunities and revenue streams through the Department for International Development, World Bank, USAID and similar; and provide analysis and financial advice on potential contracts IMA may enter into.
- Steward the annual budget process, manage preparation of financial reports, and engage with the Board Finance Committee, ELT, and Directors of Field Offices to ensure accountability to organizational budgets.
- Lead development of internal systems, policies and procedures for an international finance system that promote transparency and timely internal and external reporting.
In addition to these key priorities, the CFO is responsible for the following:
- Oversee and direct accounting activities, procedures and internal controls to ensure compliance with GAAP (including A/R, A/P, bank reconciliations, grants accounting, etc.).
- Work with overseas offices to ensure appropriate accounting and banking procedures are in place and followed.
- Oversee grant and contract accounting (including awards, disbursements, amendments, budgets and analyses of obligations for future awards, and “payout” forecasts under grants and contracts) to ensure compliance and accurate and timely reporting.
- Manage the line of credit in support of funding agreements paid in arrears.
- Review monthly budget variance analyses and advise on opportunities for improved expense management, cost savings, etc.
- Lead finance and accounting staff to increasing levels of performance in support of organizational goals.
- Serve as a champion for operational effectiveness and foster an environment where all staff members (headquarters and field offices) understand the importance and value of strong financial processes and performance in supporting IMA’s mission.
Financial Analysis and Reporting:
- Lead the development of financial reporting and forecasts for all offices. Establish effective financial planning, analysis and measurement techniques to support reporting accuracy and timeliness.
- Ensure accurate, timely and insightful financial statements and analysis are presented to President and Board to inform on all aspects of cash flow, variance analysis, cost allocation, budgeting and forecasting.
- Support the Finance Committee at monthly meetings to review the organization’s financial statements and progress.
Financial Planning, Compliance, & Risk Management:
- In coordination with the President, Board, Finance Committee, and outside investment advisors, lead the development, implementation and oversight of investment strategies and policies to best manage the organization’s endowments. Manage capital calls and cash flow needs. Lead communications with Board and Finance Committee to mitigate risk and maintain compliance.
- Supervise annual audit and coordinate with Board’s Finance Committee, responding to Auditor requests in a timely manner.
- Coordinate, with the CEO, the role and priorities of the Internal Auditor.
- Provide a Center of Excellence for evaluating organizational financial needs; designing and implementing financial systems, business process analysis and continuous improvement; and aligning finance operations with strategic direction.
- Assess strengths and weaknesses of IMA’s financial management strategies; develop and implement improvements.
- Maintain relevant understanding of rules and regulatory environments for USAID and non-USG donors (DFID, DFAT, World Bank). Work closely with headquarters team and field staff to ensure sufficient capacity and compliance for financial work advanced through field offices.
- Review indirect cost rate methodology; ensure accuracy of the calculation and timely submission to the cognizant agency.
IMA uses a variety of tools to support its operations: MIP accounting software which also records international transactions, ADP payroll, Blackbaud Merchant Services for credit card transactions, and Raiser’s Edge for tracking certain revenues.