EDUCATION DEVELOPMENT CENTER (EDC)
Education Development Center (EDC) is a global nonprofit that advances lasting solutions to improve education, promote health, and expand economic opportunity. Since 1958, we have been a leader in designing, implementing, and evaluating powerful and innovative programs in more than 80 countries around the world.
EDC promotes equity and access to high quality education and health services and products that contribute to thriving communities where people from diverse backgrounds learn, live, and work together. We support an inclusive workplace culture that embraces many perspectives and broadens our understanding of the communities we serve, enhancing and enriching our work.
EDC is committed to diversity and inclusion in the workplace.
The International Development Division has an opening for a full-time Finance Manager (II), reporting to the Division Finance Director. We are searching for candidates to work in either the Washington, D.C. office or the Waltham, Massachusetts office.
The person in this position is expected to communicate clearly and courteously; to develop and maintain positive relationships with clients, consultants, collaborators, co-workers, field sites, and funders; and to work respectfully with EDC colleagues. The job requires adherence to EDC policies & procedures.
Responsible for advising on the financial matters of a portfolio of projects in the international division, the Financial Manager will advise Project Directors on business matters related to the project’s fiscal viability, including annual projections, forecasting, contractual and other issues, as well as financial oversight of project expenditures.
Project Management Responsibilities:
The Finance Manager (II) will work closely with Project Directors on USAID, CDC or other donor-funded contracts and cooperative agreements to:
• Monitor/review and analyze project spending versus the donor-approved budget and the division budget, and report results to the Project Director on a regular basis, including issues with invoices, expense coding, burn rate, level of effort analysis, etc. The Financial Manager will participate, as appropriate, in resolution of financial issues.
• Coordinate with project staff to regularly monitor obligated funding and prepare incremental funding requests for submission to sponsor.
• Prepare pipelines and quarterly accrual reports for submission to donor.
• Prepare budget revisions for formal submission to donor.
• Review and prepare quarterly internal revenue projections.
• Prepare cost-to-complete projections.
• Provide start-up and close-out assistance to field offices.
• Train field office accountants on QuickBooks, Policies & Procedures, budget monitoring, donor and EDC Compliance, internal controls, procurement and cash forecasting procedures.
• Review monthly field account transactions and supporting documentation and provide guidance to field accountants to ensure that all expenses are in accordance with GAAP, Uniform Grant Guidance, EDC regulations, and funding donor regulations.
• Prepare and/or review cost transfers for submission.
• Provide oversight of Subaward Management by preparing or directing the preparation of a project specific subaward manual, reviewing subaward budgets, directing or assisting project staff to develop tools for monitoring of subawards and due diligence of partners.
• Monitor terms and conditions of major subcontracts and ensures that invoices are submitted and paid in a timely fashion.
• Monitor cost share requirements
• Models standards — of accuracy, timeliness and adherence to policies & guidelines — that enable others to perform with due diligence
• Track other specific award requirements related to compliance and financial management.
• Serve as liaison with Accounting and Office of Sponsored Programs to facilitate project budget revisions, troubleshoot issues in field offices, and assist with other financial management processes.
• Work with Division Finance Director, Business Development Team and senior staff to prepare budgets for new projects, and cost proposals according to EDC policy and USAID or funder guidelines; liaise with Office of Sponsored Programs, partners, and business development team on budget review, gathering corporate financial documents, and final submission of proposals.
• Develop and monitor assigned G&A budgets, including monthly analysis, to identify over- or under-spending, bringing any issues to the attention of Project Director for action.
• Assist in designing, developing, implementing, maintaining new systems, and improving existing systems to ensure efficient, timely and accurate compilation of financial information in conformance with Generally Accepted Accounting Principles (GAAP), regulatory requirements, and corporate policy.
• Complete risk assessments on projects.
• Assist with implementing recommendations from financial reviews as well as monitor progress of implementation of those recommendations.
The Financial Manager II is expected to:
• Facilitate efficiency through teamwork and feedback exchanges.
• Multitask and respond to and adapt to changing business needs, prioritize and manage workload under tight deadlines.
• Work well in a fast-paced, international team environment.
• Be able and willing to travel internationally as needed.
• May perform other duties as assigned.
This position requires educational achievement; excellent writing skills; demonstrable initiative, creativity, and flexibility; ability to work independently and effectively in groups; and strong interpersonal & organizational skills. Specific requirements:
• Bachelor’s degree with concentration in accounting or finance required
• Master’s degree strongly preferred
• Minimum of 6–8 years substantial and progressive accounting and financial management experience required, preferably in a sponsored programs environment, including account reconciliation, financial reporting, analysis, budgeting and experience supporting international field offices.
• Experience with project-based profit or non-profit organization required
• Knowledge of regulatory and financial reporting requirement under cooperative agreements and contracts of federal and non-federal funders required, specifically USAID (other funders may include CDC, World Bank, DFID, etc.)
• Demonstrable proficiency in a variety of accounting systems and related computer applications required (proficiency in Microsoft Excel required and familiarity of other Microsoft Office Suite applications is preferred)
• Strong analytical and numerical skills and aptitude for details and accuracy required
• Ability to take initiative and to manage multiple tasks with competing deadlines
EDC, 1025 Thomas Jefferson St NW, Suite 700 W
Washington, D.C. 20007
No phone calls, please
As an EOE/AA employer, EDC does not discriminate in its employment practices due to an applicant’s race, color, religion, sex, sexual orientation, gender identity, national origin, and veteran or disability status. EDC is a smoke-free workplace.
Level of Language Proficiency
French language fluency required
Minimum Education Required