Lead/Manager, Financial Planning & Analysis

ABOUT MASTERCARD FOUNDATION 

Mastercard Foundation seeks a world where everyone has the opportunity to learn and prosper. Through its Young Africa Works strategy and Canadian EleV program, the Foundation works with partners to ensure that millions of young people, especially young women, access quality education, financial services and dignified work. Mastercard Foundation was established in 2006 through the generosity of Mastercard when it became a public company. The Foundation is independent with its own Board of Directors and CEO.

UNDERSTANDING CANADA PROGRAMS AT THE FOUNDATION

The Foundation has begun working within Canada in partnership with Indigenous communities and post-secondary institutions to listen, learn, and best understand how we can act in meaningful ways. The EleV strategy was co-created with Indigenous communities, young people, and partners to enable 100,000 Indigenous youth to complete their education and transition to dignified work aligned with their values and aspirations.

As reflected in Canada’s Truth and Reconciliation Commission Calls to Action, education is a key driver of improved socio-economic well-being. Through building partnerships with Indigenous communities, we look to expand our initiative ultimately helping to support a generation of transformative Indigenous young leaders who will be change agents within their communities. We believe that by setting a bold target, we will encourage engagement across sectors and create momentum that will elevate the strengths and opportunities of Indigenous youth. In keeping with our approach, Indigenous communities and young people will be the drivers of this transformation. The program will promote innovations to address longer-term systemic change to achieve economic prosperity and social well-being within Indigenous communities.

The EleV team oversees current and emerging partnerships related to Indigenous education. Consistent with our overall vision and Youth Africa Works strategy, we will share learnings and opportunities to connect across the work of the Foundation. While operating in distinct contexts, the centrality of youth voice and vision, affirmation of culture and identity, and priority to enhance community capacity for self-determination are common threads upon which our work is strengthened and reinforced.

UNDERSTANDING AFRICA PROGRAMS AT THE FOUNDATION 

We are currently in an exciting period at the Mastercard Foundation as we intensify the implementation of the Young Africa Works strategy, aiming to empower 30 million young people throughout Africa to access dignified and fulfilling employment.

To ensure the Foundation's accessibility to our partners and program participants, we have established offices in Rwanda, Kenya, Ghana, Senegal, Ethiopia, Nigeria, and Uganda. These offices provide strong in-country support for the implementation of Young Africa Works. We collaborate with governments, the private sector, educators, and other funders to enhance the quality of education and vocational training, equip young individuals with the necessary skills for the workforce, expand access to financial services for entrepreneurs and small businesses, and facilitate connections between job seekers and meaningful employment opportunities.

Our values serve as our guiding principles, transcending and surpassing all other considerations. We wholeheartedly encourage you to bring your bold ideas, curiosity, and expertise to your work.

If you're an experienced professional in financial planning & analysis looking to increase your impact, read on!

THE OPPORTUNITY

Reporting to the Head, Financial Planning & Analysis (FP&A), the Lead will be responsible for accurately and promptly completing financial management reports, including the quarterly Board Financial Update, Quarterly Executive Committee (ExCo) financial reports, and monthly ExCo financial reports. You will act as a financial business partner to assigned functions or departments, leading the functional FP&A process and supporting senior management in financial decision-making and analysis. Additionally, the Lead is tasked with establishing new operating expense (OPEX) dashboards and related reports, incorporating input from senior leaders.

WAYS YOU CAN CONTRIBUTE

• Accurately and promptly completes financial management reports, including the quarterly Board Financial Update, Quarterly Executive Committee (ExCo) financial reports, and monthly ExCo financial report.
• Collaborates closely with the rest of the FP&A team to provide concise and clear commentary for financial management reports and Board backup materials.
• Maintains the FP&A calendar and communicates deadlines of financial management report submission.
• Leads the Foundation’s annual budgeting and quarterly forecast process for assigned functions, working with senior leaders in those areas.
• Monitors and analyzes year-to-date results against the annual budget and quarterly forecast, ensuring appropriate accounting treatment and accruals.
• Analyzes trends and key performance indicators, clearly presenting issues, risks, opportunities, and insights, and provides actionable recommendations to support senior management in financial decision-making.
• Provides information for the quarterly financial update to the Board of Directors and reviews financial figures included in Board materials prepared by assigned functions.
• Establishes operating expense dashboards and related reports, incorporating input from senior leaders.
• Engages in new system implementation projects as required.
• Supports procurement by managing and drafting contracts in collaboration with Legal and business partners, ensuring commitments are within budget, payment terms are based on appropriate milestones, and contract terms are met before payments are made.
• Develops policies and procedures and provides training as needed.
• Performs ad-hoc financial analysis and other duties as assigned.

WHO YOU ARE

• Bachelor’s degree in finance or business from a recognized university.
• Relevant professional qualification; CA/CPA/CMA.
• Minimum of ten (10) years’ relevant experience in finance and/or accounting.
• Minimum of three (3) years’ Experience in FP&A, financial management reporting, and financial business partnering roles within large global organizations.
• Experience in creating financial dashboard and reports using business intelligence tools.
• Experience in the not-for-profit sector and familiarity with Workday system are an added advantage
• Financial Management and Accounting Skills: Proficient in financial planning and analysis, and financial management reporting, with a comprehensive understanding of financial statements, accounting transactions, and expense accruals.
• Communication and Presentation Skills: Excellent verbal, written, and presentation skills, capable of conveying complex financial information clearly and concisely to non-financial stakeholders, including senior management.
• Interpersonal and Influencing Skills: Strong interpersonal skills with the ability to build and maintain effective working relationships as a financial business partner. Skilled at influencing and providing value-added advice to senior leaders for informed decision-making.
• Analytical and Problem-Solving Skills: Exceptional at analyzing complex financial data, identifying trends and opportunities, and developing financial models for scenario and sensitivity analysis.
• Negotiation and Contract Management Skills: Strong negotiation and contract management skills, adept at securing favorable terms in contracts and agreements.
• Technology Proficiency: Advanced skills in Excel, proficient in PowerPoint and Word; Experienced in ERP systems and business analytics platforms.
• Change Management and Continuous Improvement: Capable of identifying, simplifying, and improving processes, fostering a culture of continuous improvement and teamwork. Experienced in leading and managing change within the finance department and across the organization.
• Professional Maturity and Adaptability: Demonstrates professional maturity, cultural sensitivity, and impeccable integrity. Flexible and adaptable, able to manage job duties and changing priorities effectively.
• Commitment to Mastercard Foundation’s Values and Vision.
• Understanding of Canadian Regulatory Environment: Knowledge of the regulatory environment for not-for-profit organizations in Canada is an added advantage
• Language Skills: Proficiency in French and/or local languages is an added advantage

Deadline for Applications is February 7, 2025.

Mastercard Foundation (the “Foundation”) values and respects your privacy. By submitting an application for this opportunity, you hereby agree to the Foundation’s collection, use and disclosure of your personal information in accordance with its Privacy Policy (available at https://mastercardfdn.org/privacy/). Please note that the Foundation may share your personal information with third-party agencies that support the Foundation’s recruitment activities, and such third-party agencies may contact you directly regarding this opportunity. If you have any questions or concerns, please contact the Foundation’s Privacy Officer at the address indicated in its Privacy Policy.

The Mastercard Foundation values the unique skills and experiences each individual brings to the organization and we are committed to creating and maintaining an inclusive and accessible environment for everyone.

Completion of satisfactory business references and background checks are essential conditions of employment.

For more information and to sign up for the Foundation’s newsletter, please visit http://www.mastercardfdn.org/
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