Note: The job is a remote job and is open to candidates in USA. Elba Hope Foundation is a nonprofit organization dedicated to sustainable progress for Africans and the African Diaspora. They are seeking an experienced nonprofit finance consultant to provide financial oversight, strengthen financial systems, and support strategic decision-making as the Foundation grows.
Responsibilities
- Conduct a comprehensive review of the Foundation's current financial position to establish a shared financial baseline for leadership, Trustees, and external funding partners
- Review current budgets, financial statements, actual expenditures, and cash position
- Reconcile financial information and assumptions across budgets, forecasts, and accounting records
- Review grant funding, donor restrictions, funding commitments, and major liabilities
- Assess short-term and medium-term cash flow projections
- Evaluate financial reporting currently provided to leadership and Trustees
- Identify financial risks, inconsistencies, or areas requiring clarification
- Meet with leadership to discuss findings and recommendations
- Provide a concise Financial Assessment Report that includes: Current financial position and organizational financial health, Key financial risks and observations, Recommendations for immediate improvements, Priority actions to strengthen financial management, A validated financial baseline to support strategic planning, fundraising, grant applications, and Board reporting
- Review organizational and program budgets
- Advise on financial forecasting and scenario planning
- Review cash flow projections and liquidity planning
- Support financial planning for new initiatives, grants, and major projects
- Review grant budgets and financial compliance requirements
- Provide financial analysis to support strategic decision-making
- Support the preparation of financial reports and materials for Trustee and Finance Committee meetings, providing analysis and recommendations to strengthen financial oversight and strategic decision-making
- Participate in leadership or Trustee meetings as requested
- Serve as an independent advisor during significant financial discussions
- Recommend improvements to financial reporting, forecasting, and budgeting practices
- Be available for ad hoc questions
- Advise on financial systems, templates, and operational processes that improve consistency, transparency, and audit readiness across the Foundation
- Design monthly financial reporting packages for leadership and Trustees
- Recommend key financial dashboards and performance indicators
- Improve grant financial tracking and reporting processes
- Review chart of accounts structure and program cost allocation methodologies
- Advise on internal controls, approval workflows, and financial governance
- Reviewing document retention practices and audit preparedness
- Identifying opportunities to improve collaboration between leadership, bookkeepers, accountants, auditors, and funding partners
Skills
- Experienced nonprofit finance consultant (CPA or equivalent)
- Ability to provide independent financial oversight
- Strengthen financial systems and reporting
- Support strategic decision-making
- Conduct a comprehensive review of the Foundation's current financial position
- Review current budgets, financial statements, actual expenditures, and cash position
- Reconcile financial information and assumptions across budgets, forecasts, and accounting records
- Review grant funding, donor restrictions, funding commitments, and major liabilities
- Assess short-term and medium-term cash flow projections
- Evaluate financial reporting currently provided to leadership and Trustees
- Identify financial risks, inconsistencies, or areas requiring clarification
- Meet with leadership to discuss findings and recommendations
- Provide a concise Financial Assessment Report
- Review organizational and program budgets
- Advise on financial forecasting and scenario planning
- Review cash flow projections and liquidity planning
- Support financial planning for new initiatives, grants, and major projects
- Review grant budgets and financial compliance requirements
- Provide financial analysis to support strategic decision-making
- Support the preparation of financial reports and materials for Trustee and Finance Committee meetings
- Participate in leadership or Trustee meetings as requested
- Serve as an independent advisor during significant financial discussions
- Recommend improvements to financial reporting, forecasting, and budgeting practices
- Advise on financial systems, templates, and operational processes
- Design monthly financial reporting packages for leadership and Trustees
- Recommend key financial dashboards and performance indicators
- Improve grant financial tracking and reporting processes
- Review chart of accounts structure and program cost allocation methodologies
- Advise on internal controls, approval workflows, and financial governance
- Review document retention practices and audit preparedness
- Identify opportunities to improve collaboration between leadership, bookkeepers, accountants, auditors, and funding partners
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