Finance Associate

Job Posting Organization:
The organization is the largest nonprofit dedicated to combating poverty, disease, and inequity globally. Founded on the principle that all individuals, regardless of their identity or circumstances, deserve the opportunity to lead healthy and productive lives, the organization emphasizes the importance of diversity among its employees to reflect the populations it serves. It offers a comprehensive benefits package that includes medical, dental, and vision coverage with no premiums, generous paid time off, paid family leave, retirement contributions, regional holidays, and opportunities for employees to engage in various community initiatives. The organization is committed to fostering a workplace environment that supports both personal and professional growth.

Job Overview:
The Finance Associate role is situated within the Global Health Finance team, which is responsible for providing financial and business support to the Global Health division. This position involves direct collaboration with Program Strategy Teams (PST) to facilitate investment-making and management. The Finance Associate will assess the financial positions of grantees and vendors, evaluate and negotiate investment budgets, and monitor multi-year investments. The role also includes financial planning and forecasting to assist the PST Director in making resource prioritization decisions. The Finance Associate will play a crucial role in strengthening the financial oversight of the division's investment pipeline and individual programs, ensuring that financial strategies align with the overall goals of the organization.

Duties and Responsibilities:
The Finance Associate will perform a variety of duties including partnering with Program Officers to provide financial insights during investment-making processes, conducting financial diligence on grantees and vendors to assess their financial positions and associated risks, and collaborating with these entities to develop and analyze investment budgets. The role requires structuring investments to optimize cash disbursements while considering scientific and operational risks. The Finance Associate will work closely with PST leadership to translate strategic goals into mid and long-range forecasts and annual plans. Additionally, the position involves managing forecast preparation, variance analysis, and providing strategic financial information to support resource allocation and decision-making. The Finance Associate will also build and manage financial planning tools, conduct data analyses to derive insights on the investment portfolio, and participate in cross-foundation projects aimed at enhancing investment-making tools and practices. Furthermore, the role includes supporting an inclusive culture by modeling appropriate behaviors and escalating issues to relevant stakeholders in a timely manner.

Required Qualifications:
Candidates for the Finance Associate position should possess a Bachelor’s degree along with five years of financial planning experience or an equivalent combination of relevant experience. The ideal candidate will have a strong background in finance processes such as budgeting, forecasting, and reporting, as well as experience with organizational due diligence and financial statement analysis. They should be capable of interpreting financial statements and have strong analytical skills, including the ability to synthesize data and build quantitative financial models. Experience in developing and maintaining dashboards and data visualization tools is also essential. Strong relationship-building skills are necessary, with a proven ability to work diplomatically and flexibly as part of a team. The candidate should be able to influence without formal authority and interact positively with staff at all organizational levels. Excellent verbal and written communication skills, strong organizational abilities, and the capacity to manage multiple priorities in a matrixed environment are critical. The candidate should also be able to work independently and proactively manage their responsibilities. Technical knowledge in complex financial matters, including international finance and capital markets, is preferred, as is experience with grant structuring and advanced Excel skills.

Educational Background:
A Bachelor’s degree is required for this position, which serves as the foundational educational qualification. This degree should ideally be in a field related to finance, economics, or a similar discipline that provides the necessary analytical and quantitative skills required for the role.

Experience:
The position requires a minimum of five years of relevant experience in financial planning or a related field. Candidates should have a proven track record of achievement in financial processes, including budgeting, forecasting, and reporting. Experience with organizational due diligence and financial statement analysis is also essential, as is the ability to interpret and understand complex financial documents.

Languages:
While the job description does not specify mandatory languages, proficiency in English is implied as a requirement due to the nature of the role and the organization’s operations. Additional language skills may be considered beneficial, particularly if they enhance communication with diverse stakeholders.

Additional Notes:
The salary range for the Finance Associate role is between $105,400 and $158,000 USD, with specific adjustments for high-wage markets such as Seattle and Washington D.C., where the salary range is between $114,900 and $172,300 USD. The organization aims to balance competitive pay with its mission-driven focus, typically placing new hires within the lower to midpoint of the salary range based on their skills and experience. Employment is contingent upon successful completion of a background check, and the organization is committed to providing accommodations for candidates with disabilities during the application process. The organization promotes a culture of diversity, equity, and inclusion, ensuring that all applicants and employees are treated fairly and equitably.