Chief Financial Officer - GiveDirectly
- United States of America
- Other advanced degree
Open to multiple location: NYC, London, Nairobi, Lilongwe, Kampala, Kigali, Goma or Monrovia
GiveDirectly (GD) aims to reshape international giving - and millions of lives - by allowing donors to provide capital grants directly to the world’s poorest. The Brookings Institution estimates that $70B of cash transfers would be required to eliminate the poverty gap; the aid sector currently spends $135B each year, much of which is allocated to evidence-free interventions. GiveDirectly wants to change that, establishing a benchmark, and in the process accelerate the end of extreme poverty. GiveDirectly has raised over $400M in revenue (>$150M in 2020 alone), while being recognized as one of the most innovative non-profit companies by Fast Company. The growing movement toward cash transfers and GD’s role in that movement have also been featured in This American Life, Foreign Affairs, The Economist, and Business Insider.
Cash transfers are at a potential inflection point: COVID-19 has amplified the challenges of bulkier in-kind aid models, and governments are deploying cash as their most common tool of assistance to vulnerable populations. GiveDirectly has an opportunity to leverage its strong track record (i.e. operations across 9 countries, >$250M transferred to over a million individuals, 13 randomized control trials), to deliver immense impact and position itself as the premiere cash implementation vehicle globally. About the roleWe are seeking an entrepreneurial individual who can lead the finance function through this next phase of growth: innovating on our model, establishing a foothold in new markets,, and investing in exceptional talent. This role requires a dynamic leader, who is animated by both the problem-solving required to drive excellence in the finance function, and the higher level questions around how to grow the global cash movement.
Our team is passionate about shifting the status quo with respect to how and by whom decisions are made in the aid space. We believe elevating recipient choice is critical, as is demonstrably committing to transparency around metrics and evidence. We are looking for applicants who are deeply aligned with these objectives, and energized by the prospect of building an organization that advances them.
Reports to: Managing Director
Lead GiveDirectly’s finance function, responsible for:
- Financial planning & analysis: tell us how we can grow our impact while quickly and efficiently getting cash to people who need it.
- Accounting & reporting: help us tell donors and the world where every dollar goes -- because it’s important to be transparent, and because that transparency drives home the value of our model.
- Controls & compliance: Protect the integrity of the pipe we set-up between people who need money and people who’d like to give it. Keep our promises to partners and governments.
- Asset management & treasury: Maximize returns and minimize transaction costs (especially foreign exchange) at prudent risk levels.
- Serve as an exceptional executive-level leader and manager
- Promote a strong organizational culture, in alignment with GiveDirectly values, by building trust and through consistent modeling, feedback, and accountability
- Serve as an exceptional people leader with diverse, multinational team, consistently operating as an inclusive manager - with a high degree of emotional intelligence who develops strengths in others through modeling, thought partnering, and active coaching
- Manage work allocation, systems training, performance evaluations, and the building of an effective and efficient finance team. Provide leadership through change by establishing strong communication channels with team members, making decisions based on sound and rigorously vetted logic, communicating decisions clearly and effectively, and following through on commitments and establishing systems for accountability.
- Develop an effective long-term talent bench for key leadership positions within the finance pillar
- Serve as a thought leader in the development and aid sector - contributing to externally facing GD content, and representing the organization at events or speaking engagements.
Core competencies and experiences
- Master’s degree in Management or Finance or a bachelor’s degree with equivalent combination of education and work experience; CPA is a plus.10+ years of successful professional experience in financial roles of increasing responsibility with well-regarded global companies or organizations, with at least several years in a senior leadership role in an organization.
- Past experience as a CFO preferred.
- Track record of results - demonstrated ability to consistently make sound decisions and solve complex problems based on logic and good judgment.
- A track record of sound financial management through good times and bad, enabling their company/organization to achieve stretch goals and/or successfully rebound from a crisis.
- Experience leading the finance function of a fast-growing, international organization - Leads with authenticity, with a passion for people and community, exceptional communications skills, an ability to quickly earn trust and build an inclusive culture.
- A depth and breadth of fiscal management experience that enables the CFO to translate complex financial information to the entire organization and external stakeholders.
- Strategic planning and strong execution - ability to seamlessly navigate between big-picture strategy and day-to-day operational decisions, ability to navigate through ambiguity.
- Business Acumen - ability to navigate tensions and make difficult decisions with integrity.
- Communication - understanding of GiveDirectly brand and ability to position the organization well through verbal and written external communications, with an equally strong ability to clearly and authentically communicate with internal audiences in a compelling and inspiring manner.
- Alignment with GiveDirectly Values:
- Recipients first.
We prioritize recipient preferences over those of donors or ourselves.
We do not impose our preferences, or judgments, on the beneficiaries; instead we respect and empower them to make their own choices, elevating their voices in the global aid debate. This value is core to GiveDirectly’s identity as the first organization exclusively devoted to putting the poor in control of how aid money is spent. It comes at a potential cost, as it means that neither we nor donors get to set priorities (and we may even lose some “efficiency” in providing this option).
- Team next.
We do what’s best for organizational - not individual - success.
This is a team sport, where we will succeed (or fail) together. The best players are not those with the best individual statistics, but those with biggest impact on our overall performance. We avoid territoriality, self-promotion, and I’m above this attitudes.
- Be proactively candid.
We say what we believe, and are honest in sharing information.
Having confidence that other people are telling us what they truly believe, without gloss or omission, is critical to effective communication and to our ability to learn and grow from feedback. We owe it to each other - and our donors - to instill this confidence even though giving and receiving information candidly are unusual in both professional and social life, and can be very uncomfortable.
- Create positive energy
We strive to be a source - not drain - of energy for our colleagues.
Our work is hard, practically and emotionally, and we cannot overemphasize the importance of maintaining a positive attitude, enjoying the company of our colleagues, and not taking ourselves too seriously. In doing so, we aspire to generate energy and excitement amongst our colleagues in pursuing our mission. This should not preclude candor, and we aspire to achieve both.
- Think rigorously; act quickly.
We are intellectually rigorous with a drive towards action - not debate.
We reason from first principles, grounding our decisions in objective claims about the world, rather than hard-to-disprove assertions or hierarchy. We aim to brainstorm inclusively and respectfully, but critically self-vet ideas we put forward, so as to ensure productive and prudent decision making.
Demanding this level of rigor forces us to think harder about decisions and our assumptions than we otherwise might. This is a real cost. It can be taken too far: it is possible to overthink decisions, and we avoid debate for the sake of debate. We are not here to philosophize or ensure consensus. We decide and act quickly, avoiding getting bogged down in debates.
- Accept reality. Propose solutions.
We do not dwell on problems. We work actively to create solutions.
There will always be an endless list of things to improve. We focus on the things that can be changed; find the most important of those things, and propose actionable answers. We do not allow “problems” to weigh us down and be a source of negativity. We are forward looking, which we believe not only leads to better team outcomes, but also creates a more enjoyable, energizing environment for all.
- Be productively ambitious.
We take the risks to pursue industry-changing success, not incremental progress.
We seek step-change improvements at all levels, and are willing to make big-bets; we do not accept complacency nor do we simply optimize existing processes. In doing so, we allow ourselves to dream big with a belief that perceived constraints are merely opportunities for creativity.
Such ambition not only requires hard work (i.e., this is not a 9-5 job), but also a willingness to accept and learn from temporary setbacks and failures. In accepting these failures, we’re conscious to not point fingers, nor obsess over “mistakes” made.
- Know yourself and grow.
We recognize and accept our imperfections with a focus on growth.
We are an organization of exceptional people and trust in each other’s abilities, yet we recognize that none of us is perfect. We strive to maintain an accurate understanding of our individual and institutional strengths and weaknesses, in order to position ourselves to maximize our chances of success.
At the same time, we seek personal growth for ourselves and our teammates. Feedback is given with a spirit of helpfulness; and sought out with a desire to learn.
**GD is committed to observing all local, national and international laws that protect children, vulnerable adults, and basic human rights of all. GD is committed to a policy of “zero tolerance for sexual exploitation, abuse, and harassment (SEAH)” and expects anyone who works for GD to uphold the protection and safeguarding of our recipients as a priority.**