Assistant Finance Manager

The Global Innovation Fund (www.globalinnovation.fund) (GIF) is a groundbreaking nonprofit innovation fund headquartered in London. We invest in the piloting, rigorous testing and scaling of innovations targeted at improving the lives of the poorest people in developing countries. GIF aims to support a portfolio of innovations that collectively open up opportunities and improve lives for hundreds of millions of people across the developing world. Over the last 7 years, we have deployed over $100m of capital to circa 60 innovators.

GIF offers grants, loans (including convertible debt), and equity investments ranging from $50,000 to $15 million to support a range of innovations with strong potential for social impact at a large scale. We define ‘innovation’ broadly to include new business models, policy practices, technologies, behavioral insights, or ways of delivering products and services that benefit the poor in developing countries. We support innovators at different phases of development, ranging from early start-up and pilot-testing to rigorous experiments and larger scale implementation. The innovations GIF supports can be located in any developing country and may focus on any sector relevant to international development (see a list at www.globalinnovation.fund/sectors).

POSITION SUMMARY

GIF is seeking a motivated Assistant Finance Manager to join its team in London. Working closely with the Head of Finance, you will take ownership of a wide-ranging portfolio of work. This is an ideal opportunity to learn from exposure to all elements of the finance function and building a career in investment and international development.

Location: London, UK

Reports to: Head of Finance

Salary range:£40,000-£45,000

Responsibilities will include:

Portfolio Financial Planning and Donor/LP Reporting (the role will grow to include these, it is not expected that the candidate will be able to own this from the start)

●        Monitoring grant and risk capital disbursements schedules and funding receipts.

●       Managing donor accounts and capital allocations to investments in line with funding agreements

●       Portfolio data reporting and delivery of the monthly management accounts.

●        Tracking portfolio financial performance and covenants, loan schedules. Experience with specialized portfolio management tools (such as e-front would be a plus)

●        Quarterly reporting to donors/LPs, as required.

●        Preparation of quarterly financial reports and materials for the Audit and Finance Subcommittee of the Board

●       Annual budgeting reports

Accounting and Audit

●        Managing the accounts payable ledger; handling incoming invoices and executing the bi-weekly payment run.

●        Processing of monthly journals, ensuring all accruals and prepayments.

●        Monthly reconciliations of bank and other key balance sheet nominals.

●        Investigating variances in operational expenditure.

●        Assisting with the year-end audit, working alongside the external auditors.

●        Managing the GIF expenses system, and ensuring compliance.

●        Supporting the payroll process.

Other strategic initiatives

●        Assisting the wider team in the launch of new initiatives and new investment vehicles (e.g. GIF Growth).

●        Supporting fundraising initiatives by creating budgets for thematic sub-funds and responding to RFPs.

●        Other ad-hoc work streams as required.

EXPERIENCE AND SKILLS EXPECTATIONS  

The ideal candidate will have:

●        2-5 years of experience in financial management, consulting, or advisory services OR in fund accounting, asset management, portfolio financial management

●        Late-stage AAT or early stage ACA / ACCA / CIMA

●        Experience with ADP payroll software is advantageous

●        A strong academic record

●        Excellent knowledge and prior practical experience of Excel / Google Sheets. Experience in financial modeling would be advantageous, though not essential.

●        Organised and able to manage workload effectively

●        Strong communication skills

●        Pro-active approach to problem solving

●        Knowledge of Xero would be advantageous, though not essential

BENEFITS:

●        Flexible working (home / office)

●        Private Health and cash plan

●        Life assurance

●        Study package

●        Competitive pension

●        Gym and phone allowance

ADDITIONAL INFORMATION:

●        This role will be based from our central London office, where the wider team attends circa 2 days a week.

●        Proof of right to work in the UK required.