As part of the GIIN’s mission to accelerate the scale and effectiveness of impact investing, we publish job openings from members of the GIIN Investors’ Council and other impact investing leaders.

Chief Financial Officer (CFO) / Investment Officer

at Mennonite Economic Development Associates in Waterloo, Ontario, Canada

About the Job

Mennonite Economic Development Associates (MEDA) invites applications for a Chief Financial Officer (CFO) / Investment Officer to join our Executive Leadership Team. MEDA is an association of compassionate women and men who invest in people living in poverty around the world so they can unleash their potential to earn a livelihood to provide for their families and enrich their communities. To learn more about MEDA and our work, please visit www.meda.org.

The Chief Financial and Investment Officer (CFIO) position exists to help MEDA achieve its mission. Specifically, the CFIO provides strategic leadership to achieve MEDA’s financial, investment and legal goals. The CFIO ensures the overall success of MEDA’s finance and accounting, auditing, treasury, risk management, legal, compliance and investment functions. The position is based out of our Waterloo, ON (Canada) Headquarters and reports directly to our President & CEO. Desired start date is early 2020.

Applications will be reviewed on a rolling basis. Posting will remain open until position is filled.

ARE YOU LOOKING FOR A JOB THAT MAKES A DIFFERENCE?
We are looking for a business-minded professional who desires meaningful work in the international economic development field and is eager to contribute to MEDA’s global impact, creating business solutions to poverty.

You are…

  • Well-versed in all aspects of financial management and have senior level experience in finance, investment and legal compliance
  • Excited about the opportunity to leverage private sector capital and investments to make an impact on poverty
  • Experienced in the private sector, with an understanding of the NGO context
  • A highly motivated, self-starter, results-oriented team leader who demonstrates critical analysis and strategic thinking
  • Willing and available to travel domestically and internationally to developing countries
  • An advocate of MEDA’s mission, vision and values
  • Appreciative and passionate about efforts to alleviate poverty in an international context using business solutions to poverty.

KEY ACCOUNTABILTIES:
Executive Function

  • Participate as a member of the MEDA Executive Leadership Team (ELT) providing advice and counsel on organizational issues;
  • Provide leadership, strategy and management of the entire Finance & Legal Department and MEDA’s investment portfolio, including the MEDA Risk Capital Fund;
  • Provide guidance, support and ensure financial management of any programmatic investment projects;
  • Contribute to and support the development of MEDA’s overall strategic direction and Annual Review and Plan of Operations

Corporate Finance

  • Provide guidance, support and strategic vision for the financial reporting and budgeting process for the entire organization;
  • Develop MEDA’s overall budget and report to MEDA management and Board on financial issues;
  • Develop budgets and financial reports needed to support implementation of strategic plans; including long range forecasts and annual plans for the organization and for the Finance Department;

Internal Control, Accounting and Systems

  • Provide guidance, support and strategic vision for the internal control and accounting systems in MEDA North America;
  • Oversee the work of corporate accounting and related staff team;
  • Oversee the development and implementation of policies related to management and security of MEDA resources;
  • Oversee and define internal control and accounting systems in MEDA North America and improve as necessary;

Investment Management, Compliance and Reporting

  • Provide leadership, strategy and financial management of MEDA’s investment portfolio in the MRCF and in programmatic investment contracts and projects;
  • Ensure investment policy and investment frameworks are in place;
  • Ensure that investment policies and procedures are implemented and that investments are effectively managed;
  • Ensure and build internal capacity for financial management of MEDA’s investment portfolios;
  • Responsible to manage, maintain and increase profile of the MEDA Risk Capital Fund (MRCF);
  • Approve MRCF operating procedures and ensure compliance and best practices in investment and meet all legal and regulatory requirements

Operations Financial Management and Reporting

  • Provide guidance, support, compliance and risk management to Field Finance teams and their management;
  • Oversee the project financial systems and reporting structures for MEDA Field programs, including financial dashboards for Programs;
  • Oversee the development and monitoring of the financial management systems for MEDA’s international programs and field offices, including systems and audits, through the work of the Sr Director Finance, Field Operations and Risk Management and the staff team

Audit, Legal and Risk Management (Corporate and Operations)

  • Audit;
  • Ensure external and internal audit policies are in place and implemented;
  • Oversee the internal audit function and liaison with the Board Audit Committee;
  • Ensure that audit policy and procedures are maintained, defined and utilized organization-wide and reported to the board as per policy;

Legal and Compliance

  • Ensure legal and compliance frameworks are in place, and legal obligations are met;
  • Ensure legal frameworks are maintained, refined and utilized organization-wide
  • Manage relationships with MEDA external legal counsel

Risk Management

  • Ensure risk management policies and framework in place, implemented and utilized; eg. signing authorities’ policy;
  • Oversee and manage implementation of AML policy (anti-fraud and anti-corruption policy);
  • Ensure the appropriate corporate insurances are in place

Qualifications

  • Appreciation and support of MEDA's mission, vision and values
  • Understanding and appreciation of business principles, international development and MEDA’s approach of creating business solutions to poverty
  • University degree, preferably a Masters or an MBA in business, finance, investment or related field;
  • CPA designation is required; CFA designation is a strong asset
  • Investment experience, including impact investing and blended finance (5 years)
  • Minimum of ten years of successful executive leadership and senior staff management
  • Demonstrated senior level experience in finance, accounting and investment management
  • Experience working with donor contracts in international development
  • Knowledge of regulatory frameworks, investment and markets
  • Awareness of international economic development
  • Expertise in internal and external audit practices, financial and management accounting
  • Expertise in technology to support financial systems and reporting, including working knowledge of Sage 300 and PowerBI
  • Demonstrates critical analysis and strategic thinking, and good interpersonal communication
  • Highly motivated, self-starter and results-oriented
  • Excellent and proven interpersonal skills in team leadership, relationship building, active listening, communicating and negotiation
  • The ability to speak other languages, such as French, is an asset
  • Legally eligible to work in Canada
  • Availability and willingness to travel to developing countries for 60-80 days per year

To apply

Qualified candidates may apply online at https://www.meda.org/careers

Mennonite Economic Development Associates

MEDA (Mennonite Economic Development Associates) is an association of compassionate women and men who invest in people living in poverty around the world so they can unleash their potential to earn a livelihood to provide for their families and enrich their communities.