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About the Role
The Financial Manager at the adidas Foundation plays a crucial role in ensuring the financial stability and compliance of the organization by coordinating financial activities, developing budgets and robust financial management processes, and providing tools and guidance for effective resource management across the organization.
Key Responsibilities
- Coordinate financial activities and develop financial management processes, including tracking income and expenditure, management of restricted funds, strategic cash management, payroll, financial reconciliation, reporting, and risk mitigation, develop relevant tools and policy and support internal capacity building where appropriate
- Create and monitor annual financial plans and, where appropriate, multi-year plans to ensure organizational stability and sustainability and support collaboration across teams for aligned budgeting, reporting, and income projections
- Develop and monitor budgets to allocate resources efficiently, achieve financial goals, and adjust operations based on forecasts, implementing consistent systems and procedures
- Ensure a robust and compliant financial planning and management processes are in place for fulfilling grantee commitments around the world and donor requirements, particularly with regards to restricted funds
- Maintain proper accounting records according to generally accepted accounting principles and closely collaborate with external accounting services to ensure accurate accounting
- Highlight variances, guide forecasting exercises and make recommendations for resource reallocation and target shifts
- Manage tax exemptions and obligations, especially in the areas of corporate tax, trade tax, and value-added tax, to ensure compliance with all tax regulations
- Support the creation of annual financial statements, including balance sheets, income statements, and annual reports, to present the adidas Foundation's financial position, build trust with donors and supporters and report to various supervisory authorities
- Support the annual financial audit with external auditors to ensure the accuracy and integrity of financial reports
- Identify and manage financial risks with particular focus on compliance with all legal requirements and internal policies, monitoring and proactively recommending adaptations required in response to, e.g., changing legislation, currency fluctuations and interest rates.
- Ensure adequate liquidity to remain solvent at all times, planning and monitoring cash flow and guide and support management of reserves according to the organizational policy and compliance requirements
- Support financial investments in alignment with nonprofit criteria to maximize funds while safeguarding against value loss, ensuring adherence to legal obligations and ethical standards
Key Relationships
- adidas Foundation's Head of Operations & team
- adidas Foundation's Managing Director
- adidas Foundation's department heads and broader team
- adidas Stiftung Board of Directors
- External vendors and consultants
- Public & state authorities
Knowledge, Skills and Abilities
- A results-driven and self-motivated team player with compassion, integrity, trust, and perseverance, with a strong desire to work in a hands-on startup environment
- Strong business and financial acumen, including accounting, audit, tax, reporting and risk management, preferably in the context of an internationally operating German-registered non-profit organization
- Experienced with common accounting software (preferably DATEV) and proficient in the development of financial processes and monitoring of financial performance
- Skilled in working with external accountants and auditors, as well as in preparing financial statements
- Proven experience tracking and reporting on utilization of restricted funds is preferred
- Exhibits sound judgment, tact, humility, and discretion in working with stakeholders and partners. Culturally savvy with extensive interpersonal skills, connecting effectively with diverse communities, stakeholders, and cultures, prioritizing trust-based relationship building
- Excellent organizational skills with the ability to prioritize work, pay attention to detail, and meet deadlines and objectives
- Applies strong analytical, research, and creative thinking skills, demonstrating excellence in problem-solving and translating ideas into action
- Effective English and German presentation and communication skills (verbal and in written) and composure in conveying information
Requisite Education and Minimum Qualifications
- Bachelor's degree or equivalent experience in a relevant field (e.g., Financial Management, Accounting, Economics, Business Administration, or equivalent)
- 5-7 years of work experience in finance and accounting, preferably in a grantmaking and/or non-profit context
- Additional qualifications in Tax Law or Non-profit Management are advantageous
