15 Common Non-Profit Finance Jobs (With Salaries And Duties)
Updated 1 January 2023
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Not-for-profit finance work can be rewarding and fulfilling, especially for those who want to make a difference in their communities. Non-profit finance is a vast and varied field that offers a range of career options. Knowing the various types of job opportunities available in this sector can help you make the right career choice. In this article, we define non-profit finance jobs, highlight 15 of these roles, provide their national average salaries and discuss their primary duties.
What Are Non-Profit Finance Jobs?
Non-profit finance jobs are roles in which finance professionals oversee all financial matters concerning not-for-profit organisations. The duties of these professionals include revenue generation, resource management, budgeting, fund allocation, bookkeeping, budget management and investment planning. These jobs range from entry-level to senior management positions.
15 Non-Profit Finance Jobs
Many non-profit finance jobs come with various duties, with some focusing on the organisation's financial performance and others concentrating on fundraising or asset management. Here are some roles to consider:
National average salary: ₹19,308 per month
Primary duties: The primary responsibility of an accountant is to record and analyse financial information for the organisation. An accountant typically maintains a database of financial records to ensure proper recording of all financial transactions. Accountants may forecast the organisation's future financial requirements and create budgets to allocate funds effectively. In addition, accountants may prepare reports to inform management about areas of improvement in the organisation's finances.
Related: What Is An Accountant? Types And Career Advice
National average salary: ₹25,781 per month
Primary duties: The auditor performs reviews to ensure that an organisation complies with accounting standards, laws and regulations. They also examine an organisation's records to check for errors or discrepancies in the data. Auditors prioritise objectivity when performing their reviews so that they can provide unbiased feedback about their findings. An auditor can also help organisations detect fraud by identifying suspicious transactions and activities that could indicate fraud.
Related: What Does An Auditor Do? Duties And Responsibilities
3. Project Manager
National average salary: ₹36,621 per month
Primary duties: Project managers oversee the planning and completion of specific projects. This duty includes analysing the project requirements, coordinating with various parties to ensure completion of the project and ensuring that the organisation achieves the goals set for the project within a time frame and budget. They review all financial aspects of the project, determine how to keep the project within budget and manage any personnel issues during its completion. Besides overseeing each project's completion, the job requires monitoring any administrative tasks involved in running the organisation.
4. Chief Financial Officer
National average salary: ₹85,341 per month
Primary duties: The chief financial officer (CFO) works directly with the board of directors and chief executive officer to set the organisation's financial goals and objectives. The CFO manages an organisation's finances, including cash flow, revenue growth, strategic planning, investments and risk management. CFOs maintain the fiscal health of their organisations by managing budgets and assembling reports on financial performance to share with senior executives. They also develop long-term financial plans and assist with fundraising events. Most CFOs possess a bachelor's degree in business administration or a related field.
Related: What Is A CFO? (With Skills, Salary And How To Become One)
5. Director Of Finance
National average salary: ₹64,765 per month
Primary duties: A director of finance's primary responsibility is to oversee the organisation's financial activities. Their duties include managing budgets, monitoring expenditures, accounting for funds and investing the organisation's money. Although this is not a requirement, the director of finance's tasks may also include grant writing. A master's degree in business administration (MBA) or an equivalent business degree is usually a prerequisite for this position. Most non-profit organisations prefer candidates who possess at least five years of experience in accounting or finance and hold knowledge of grant-writing procedures.
6. Finance Manager
National average salary: ₹47,853 per month
Primary duties: Finance managers serve in management positions within non-profit organisations and oversee their financing operations. They analyse financial data, assist with budgeting and monitor expenditures to ensure that costs remain within acceptable limits. Finance managers also help non-profit organisations to formulate strategies for raising money through donations or other means, and they assist with tax planning operations.
7. Revenue Analyst
National average salary: ₹64,325 per month
Primary duties: A revenue analyst's job at a non-profit organisation is to analyse the income and expenses of the company. They also create financial reports based on information they collect. Their other tasks include creating budgets and financial plans for the organisation. A revenue analyst carefully reviews the financial statements of a non-profit organisation to check for any discrepancies or errors. Revenue analysts also ensure that they properly account for all revenue generated by the organisation. Non-profits usually require revenue analysts to have a bachelor's degree in accounting or finance.
8. Finance Controller
National average salary: ₹77,417 per month
Primary duties: The job of a finance controller is to ensure the implementation of the best possible financial control systems. Finance controllers oversee the daily operations of the non-profit accounting department. A controller monitors cash flow, maintains accurate financial records and creates monthly reports that project future earnings and expenditures. These professionals' duties sometimes include billing customers and clients, collecting payments and ensuring compliance with regulatory guidelines.
Related: What Does A Financial Controller Do? (Plus Other Job Info)
9. Account Manager
National average salary: ₹29,459 per month
Primary duties: Account managers monitor the money spent by an organisation and ensure that they use these funds in accordance with organisational goals. They also analyse financial data to ensure that spending is within budget and that the organisation remains financially viable. These individuals may also help organisations prepare budgets, evaluate capital expenditures and make requests for additional funds if necessary.
10. Financial Analyst
National average salary: ₹35,499 per month
Primary duties: Financial analysts monitor budgetary spending to meet organisational goals. They also help organisations prepare budgets based on projected revenues and expenses. Financial analysts may also prepare financial documents, such as income statements and balance sheets.
Related: How To Become A Finance Analyst: A Step-by-Step Guide
11. Operations Manager
National average salary: ₹28,826 per month
Primary duties: Operations managers ensure that a company operates smoothly daily. They recruit new employees and partake in the replacement of existing employees. An operations manager also oversees organisational procedures, often working with company personnel to identify problems or inefficiencies and implement strategies to correct them. Sometimes, operations managers are also responsible for developing new products or services for their organisation.
12. Credit Analyst
National average salary: ₹27,136 per month
Primary duties: Credit analysts collect information about an organisation's financial position to determine whether it is a reasonable risk for a loan. This job requires knowledge of accounting and finance practices and legal issues related to lending money, such as credit laws. A credit analyst works with donors and creditors to ensure they process loans accurately and that the organisation refunds such loans on time. They also examine credit accounts, analyse financial statements from individuals, businesses and organisations and calculate the risk of lending money to the organisation.
13. Account Executive
National average salary: ₹17,858 per month
Primary duties: The account executive's main duty is fundraising. They usually forecast any urgent monetary requirements and implement a plan to generate funds. Some account executives work for companies that specialise in fundraising for non-profit organisations, but mostly, the non-profit organisations themselves employ account executives. An account executive may often perform other duties like managing the budget, monitoring spending and implementing programmes to improve efficiency.
14. Finance Intern
National average salary: ₹13,811 per month
Primary duties: Finance interns assist with project management tasks related to their company's finances. These interns often attend meetings with executive staff members to gain insights about finance and make valuable connections. Their role may also involve researching competitors and investment opportunities. The intern may help prepare documents such as financial statements, cost analyses, budget reports and tax returns.
15. Cost Analyst
National average salary: ₹51,569 per month
Primary duties: Cost analysts collect, organise and analyse financial information to estimate costs for future projects. They gather data from multiple sources and evaluate it using various methods. Also, they may monitor and control current projects and maintain records of these projects. Cost analysts typically possess excellent analytical, organisational and mathematical skills to accomplish these tasks.
Tips To Get A Job In A Non-Profit Finance Organisation
Here are some helpful tips to prepare you for getting a job in the non-profit finance department:
Education: Working in the finance department of a non-profit organisation requires you to possess at least a bachelor's degree in a field related to finance.
Get experience: Even if you are new in the non-profit sector, you may transfer your skills from another industry and apply them to a non-profit environment.
Join associations: You may learn about open positions, gain access to scholarships and easily network with other professionals in your industry if you belong to an association.
Salary figures reflect data listed on Indeed Salaries at time of writing. Salaries may vary depending on the hiring organisation and a candidate's experience, academic background and location.
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