Finance Manager

3 weeks ago

Delhi, Delhi, India Foundation For Economic Development Full time

About Us

Foundation for Economic Development (FED) is a Delhi-based non-profit organisation that aims to bring about a sustained and broad-based economic growth of over 10% in India.

The evidence clearly shows that economic growth is the best tool to lift people out of poverty and improve the quality of life for everyone. Until 1991, India's poverty rate remained unchanged at ~50%. Post reforms, poverty reduced from ~50% to ~20% with 35 crore (350 million) fewer people living in abject poverty. Since 2010, sustaining fast growth has been challenging as the easy gains have been realised. It is critical for India to maintain a growth rate of over 10% for long periods of time if we want Indians' quality of life to improve rapidly and sustainably.

FED will identify select sectors of the economy which have the highest potential for generating incremental growth and jobs and then work with policymakers to make it happen. The organisation has Dr Aravind Panagariya, Naushad Forbes, Gurcharan Das, Jerry Rao and Ashish Dhawan on its advisory board who are helping shape the thinking and execution.

Our Work:

FED has identified export-led, labor-intensive manufacturing as the highest opportunity sectors for generating incremental growth through aggressive reforms over the next few years. Immediate focus is largely on labour intensive manufacturing exports as this is an area of highest upside if right reforms can be brought about around critical factors of production like labour, land, utilities and logistics.

Position Summary

The Financial Analyst role involves collaborating with the diverse Administrative and Finance associates providing support to the domain specific tasks. The role directly reports to the Senior Financial Manager.

Key Responsibilities

  • Review and process staff reimbursements, consultant fees, vendor payments, and salaries.
  • Enter invoices, update cost centres, and maintain accurate financial records in the accounting software.
  • Reconcile bank statements and ensure proper documentation for all transactions.
  • Maintain donor contribution records, including updating donor sheets, verifying KYC documents, and ensuring pledge letters are in place before recording donations.
  • Prepare and submit monthly MIS reports, including cash flow statements, to support management decision-making.
  • Ensure timely compliance with statutory requirements, including deposit of TDS, Provident Fund contributions, and other regulatory obligations.
  • Track utilization of funds and ensure alignment with budgets and donor commitments.
  • Provide accurate data and support for annual audits and finalization of financial statements.
  • Manage donor-related compliance, including preparation and submission of Form 10BD, generation of Form 10BE, and other statutory submissions.
  • Oversee compliance with company law requirements, including DIR-3 KYC for directors and ROC filings.

Required Qualifications, Skills and Abilities:

  • Bachelor's or equivalent degree required
  • 12+ years of work experience with prior experience in related field.
  • Excellent spoken and written communication skills
  • Proficiency in Microsoft Office – Excel, PowerPoint and Word

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