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25/02 HR
Admin at Arthan

Views:1117 Applications:285 Rec. Actions:Recruiter Actions:35

Manager - Finance - Financial Services (5-12 yrs)

Delhi NCR Job Code: 801746

Purpose : The Manager, Finance will be responsible for the Finance division, including coordinating and reporting on financials, ensuring internal and external compliance and supporting the team in implementing the all finance-related processes

The Manager Finance shall be responsible for the following streams of work :

1. Day-to-day finance and accounting operations, including accounts payable, payroll, grants administration

2. Financial reporting, accounting records, administration of controls and budgets

3. Risk-mitigation and compliance with the statutory obligations and grants management standards, and adherence to all statutory compliances which includes but not limited to taxation and FCRA

KEY RESPONSIBILITIES :

- Ensure that monthly balance sheet reconciliations are completed timely along with all other donor financial reports with respect to accounting, legal and contractual requirements

- Complete all audit necessities to comply with donor and organization audits.

- Ensure asset audits, and cash and inventory management through effective enforcement of internal controls, policies and procedures

- Review grant/budget versus actual expenditure

- Work with the program teams/field teams to prepare grant budgets to support new proposals and generate more accurate cash forecasts

- Work in coordination with the Grants team and ensure that all donor-related information is disseminated to all the relevant organisation leadership

- Coordinate with the Grants team to review financial reports of sub-grants

- Ensure indirect controls and checks on all organizational procurements

- Provide inputs on Purchase Request approvals to ensure commitments are considered before purchases are approved

- Review the existing policy periodically to identify gaps, and establish finance and program policies, systems, and procedures to support their implementation

- Initiate and develop new policies, reporting formats and support effective implementation across the organization

Compliance :

- Keep track and ensure all financial and accounting transactions are in compliance with statutory rules and regulations (FCRA, Income Tax, PF etc.)

- Provide support for meeting statutory compliances

- Manage the completion of external and internal audits by providing information in a timely manner

- Support prompt closure of non-compliances/issues highlighted in internal, external and grantee audits

Accounting :

- Record all financial transactions in the Books of Accounts online, as per the required accounting procedures.

- Generate monthly/quarterly/yearly financial/accounts reports as per organizational requirements and norms

- Prepare monthly cash forecast reports/statements for ensuring effective cash management

- Prepare Profit and Loss statements and coordinate with the Chartered Accountant for the preparation of balance sheets and annual reports

- Provide required support in the preparation of budgets, etc.

- Ensure all financial transactions adhere to the approved budgets

Taxation :

- Ensure all returns such as Income Tax returns, FCRA returns, PF returns and TDS returns are submitted in a timely manner to the all the respective Tax Departments

- Ensure that accurate taxes have been deducted from payments paid to vendors and consultants

- Deposit the monthly TDS, checking and distributing TDS certificates to both parties in a timely manner

Reconciliation :

- Perform proper bank reconciliation/fund reconciliation

- Ensure relationship management with banks and government authorities towards effective and smooth accounts and financial management

Vendors / Staff Payments Processing

- Disburse accurate payments and salaries to vendors and staff

- Communicate about the transfer of funds to all the stakeholders, both internal and external, as per established procedures

- Verify and authenticate all the vouchers produced by associates as per established procedures

- Ensure all statutory payable taxes have been deducted accurately before making the final payments

- Ensure all bills payable for the month have been cleared by the end of the month and the transactions are properly recorded as per the internal Finance policy

Grantee Fund Requests and Disbursement :

- Ensure adherence to systems/processes in the processing and approval of the fund requests raised by grantees

- Review and ensure that all the requests are within the approved grants budget

- Ensure proper and timely disbursement of funds to Partners and program-related reimbursements.

REQUIREMENTS :

- C.A/B. Com or advanced degree in Accounting or Finance

- 5+ years of relevant work experience in Finance

- Experience in the non-profit/civil society sector preferred

- Knowledge of accounting principles and processes, applicable standards and statutory/ regulatory requirements

- Experience working with a diverse team

- Ability to communicate verbally and in writing in English and Hindi

- Ability to work in a fast-paced, growth-oriented environment

- Flexible attitude towards changing priorities and ability to multi-task

- High level of personal and professional integrity and trustworthiness

- An eye for detail and precision

- Problem-solving and analytical capabilities, with the ability to develop creative and simple solutions for challenging problems

- Strong computer and digital literacy including advanced use of MS Office

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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