Director of Fianance
About Chemonics International UK
Chemonics International is a major international development consultancy, with a 46-year history and a track record for delivering integrated solutions across multiple sectors and geographies to support the achievement of the sustainable development goals. With experience in over 150 countries and global network of over 5,000 technical specialists, Chemonics is recognised as one of the world’s leading partners for international development.
The UK Division of Chemonics International was established in 2019, and has quickly developed a strong and diverse portfolio of UK Aid-funded programmes. Chemonics UK works with government and development sector counterparts across three continents to deliver programmes in sectors including climate action, education, governance, peacebuilding, stabilisation, social cohesion, and research.
Chemonics UK is developing greater autonomy and identity within the Chemonics International group, and has ambitious growth plans for UK and European funded work, alongside the development of its own administrative and procedural functions
The Finance Director is responsible for the UK business line’s financial control environment, ensuring that appropriate controls and systems are in place for all of the division’s operations. They will work closely with all of the UK business line’s workstreams to ensure they have the necessary tools to measure performance against budget and that corporate resources are used efficiently and meet the UK-client requirements. They will be responsible for all matters related to accounting, treasury, budgeting, corporate financial reporting, corporate insurance and financial systems adaption concerning the UK business line including overseeing a team of finance professionals. They provide advice to the President and CEO, Executive Vice President(s), Senior Vice Presidents and Board of Directors on all financial matters and other issues of corporate importance in the UK.
- Responsible for the overall management of revenue, expenses, and key business metrics within the UK business line Profit & Loss (PnL); directs the forecasting, development and implementation of long-range strategic financial plans (including budgets and forecasts), Key Performance Indicators and objectives for UK business line. Develops related financial forecasts for UK business line’s client programmes that link to the Company’s strategic objectives.
- Collaborates closely with UK Division Senior Vice President in maintaining business line PnL, managing UK bank accounts, producing financial statements, responding to corporate audits of financial reporting and incurred cost audits, developing transfer pricing strategies, and preparing HMRC and Companies House filings.
- Provides direction and leadership in the development and oversight of new or modification of existing finance & accounting teams, systems, policies, procedures, and tools that support the effective operationalization of new business, project implementation, and contract management for work funded by UK and EU donors. Includes adapting Chemonics’ approach to pricing, cost treatment, overhead recovery, labour rates; identifying finance operations that would benefit from improved software strategies, and optimizing use of existing applications. Develops and rolls out tools for summarizing financial activity to facilitate management and decision making within the UK PnL.
- Collaborates with corporate development team on evaluation of emerging business opportunities, including new programs or acquisitions; prepares financial analyses affecting strategic and operational issues, to support leadership in decision making. Analysis includes, but is not limited to pro forma, cash flow and Return on Investment development. Develops valuations and pricing on new partnerships or acquisitions. Creates methodologies to track achievement to business case once a new program is initiated.
- Works closely with relevant stakeholders, including other business lines and support units to advance organizational learning related to the application of new systems, policies, procedures, and tools for working with UK and EU donors; builds the capacity of staff to manage to FCDO client proposals and projects by developing communication tools, guidance, and training for both the home and field offices.
- Advises and provides financial analyses in meeting the needs of senior leadership in planning new initiatives and estimating opportunities/risks. Ensures consistent financial evaluation methodologies. Creates methodologies to track achievement to business case once a new program is initiated.
- Leads close collaboration with UK Division Programme Management Units, Commercial Teams, and the Senior Vice President on FCDO prime contract financial management best practices and risk mitigation strategies and approaches.
- Maintains, expands and applies technical knowledge in FCDO contracting and other related technical interests by attending educational workshops, reviewing professional publications, establishing personal networks, and participating in professional societies and Chemonics practice networks
- Builds long-term, strategic partnerships among clients and beneficiaries, and works to influence policy and programming priorities that advance Chemonics’ growth and contribution to international development. Participates in industry events with client groups, professional associations, industry bodies to promote Chemonics and/or capture learnings.
- Assume leadership roles in proposal development such as Proposal or Programme Director or technical writer; provide quality control for technical and cost proposals, teaming arrangements, etc., and performs proposal reviews, commercial cost reviews and read-throughs to ensure Requests For Proposal responsiveness and winning strategies.
- Supervises, mentors, and evaluates multiple direct reports, communicating clear performance goals and standards and offering regular performance feedback and prompt resolution of problems; conducts performance reviews; promotes staff development through coaching, mentoring, and facilitating professional growth.
- Creates a productive and motivating work environment for staff by promoting cooperation and teamwork across departments, staying abreast of management, leadership, and team building strategies and advocating for them within Chemonics.
- Demonstrates inclusive behaviours and leadership consistent with Chemonics’ values and leadership competencies.
- Assumes the role of Acting Senior Vice President as necessary; represents UK Division at Board of Directors meetings, as necessary.
- Performs other duties as assigned
- Degree in accounting, finance, or economics or equivalent relevant experience required; advanced degree preferred.
- Demonstrated professional experience in financial and/or project management and management of a department or division within a corporate setting.
- Demonstrated understanding and fluency with preparing and analysing financial statements, establishing and managing finance and accounting
systems, overseeing and working with audits; and strong familiarity with UK GAAP and IFRS, corporate taxes, and other related local and federal standards and regulations.
- Proven ability to develop and maintain relationships with clients, investors, banks and vendors.
- Thorough understanding of HMG contracting, private sector contracts and related compliance matters.
- Long-term overseas development experience, preferably on FCDO-funded contracts, highly desired.
- Knowledge of the international development industry, Chemonics’ main client(s), and their operations strongly preferred.
- Demonstrated ability to provide leadership at the highest level of a corporation, formulating and articulating vision, and managing corporate resources to produce quality results through expanding new business efforts, contributing to successful operation, management, and corporate image.
- Demonstrated ability to provide leadership, vision, and management of assigned division, manage annual budgets, resources and quality results,
expand new business efforts and contribute to the successful operations, management and industry reputation of an organization.
- Recognized by others as an expert in international development and a leader within the company.
- Demonstrated ability to solve all facets of extensive complex, multi-faceted managerial and operational issues which require extensive knowledge, varied experiences, access to multiple talent/resources and independent judgment.
- Experience living or working in developing countries preferred.
- Fluency in a foreign language preferred.
- Ability to work effectively both independently and as part of a team.