Associate - Finance & Accounts

3 weeks ago

Mumbai Maharashtra, India Dasra Full time

Finance- Job posted on- May 15, 2024- Employee Type- Full Time- Experience range (Years)- 3 years - 5 yearsAssociate - Finance

**1.** **Ba**ckground**

Dasra is India’s leading strategic philanthropy foundation with two decades of advising leading philanthropists, foundations and high-impact NGOs - enabling them to create lasting and systemic impact across the country.

With a team of 100+ professionals with HQ in Mumbai, Dasra has changed the face of Indian philanthropy. We aim to impact lives by:

- **Strategic giving**:Directing over INR 500 Cr in funding commitments to the social sector & engaging 3,000 philanthropists, multi-lateral agencies and corporate foundations
- **Building Institutions**:Advising and growing 730 non-profit organizations and social businesses and evaluating over 2,000 non-profit organizations and social businesses
- **Empowering Adolescents**:Through our multi-million dollar and multi-stakeholder collaborative platform, we aim to transform the lives of adolescent girls and boys in India.
- **Transforming Urban Sanitation**:Dasra, in partnership with the Bill and Melinda Gates Foundation is driving collaborative action to accelerate sustainable sanitation solutions.
- Collaborating with organizations such as Azim Premji Philanthropic Initiatives, Bank of America, Bill & Melinda Gates Foundation, Nilekani Philanthropies, Omidyar Network, Tata Trusts & USAID among others to move the needle on ensuring dignity and equity for all.

**Our Vision**:Towards a transformed India, where a billion thrive with dignity and equity

**Our Mission**:Drive collective action to accelerate social change

**2.** **Position Summary**

Motivated and detail-oriented finance and compliance professional with a solid foundation in compliance, financial and accounting principles. Eager to contribute as a finance staff at Dasra, providing crucial support in day-to-day financial and compliance related operations. Experienced in regulatory compliance, management of donor and vendor MIS, document management, with a focus on contributing to compliance, budgeting, financial accounting, and reporting functions.

3. **Principal Accountabilities / Key Deliverables
**1.** **Compliance Management**:

- Stay abreast of relevant financial regulations, laws, and best practices to ensure organizational compliance
- Take a lead role in Income tax scrutiny and assessments, FCRA and other regulatory inspections
- Assist in conducting compliance audits and reviews to assess compliance with internal policies and external regulations
- Assist in review/development and implementation of policies and procedures to uphold compliance standards across all financial activities
- Assist in collaboration with program departments to address compliance issues and implement corrective measures as needed

**2.** **Statutory and Secretarial Compliance**:

- Ensure compliance with statutory requirements and regulations applicable to the organization included but not limited to Income Tax, FCRA, MCA and GST.
- Maintain records and filings required by regulatory authorities, such as tax filings (TDS, Profession tax, Income Tax, FCRA, MCA including Secretarial filings etc), annual reports, and registrations
- Prepare and file necessary documentation for board meetings, including meeting notices, agendas, and minutes
- Assist in the preparation of legal documents, contracts, and agreements, ensuring compliance with relevant laws and regulations
- Liaise with external legal counsel (Company Secretary), Tax consultant and regulatory authorities as needed to address compliance requirements

**3.** **Financial Reporting and Record Keeping**:

- Maintain accurate and up-to-date financial records, including accounts payable, accounts receivable, and general ledger entries
- Assist in the preparation of financial statements, Cash and fund flow statements, budgets, and forecasts, ensuring accuracy and completeness
- Support in reviewing the Invoice along with the supporting as per the purchase policy and ensuring adherence to all relevant policy.

**4.** **Vendor & Donor Management**
- Assist the team as one of the primary points of contact for donors and vendors regarding financial matters
- Establish and maintain strong relationships with different teams to manage donors and vendors MIS, ensuring timely communication and resolution of inquiries
- Coordinate the receipt and processing of donations and vendor invoices, ensuring accuracy and compliance with organizational policies
- Monitor donor agreements and vendor contracts to ensure compliance with financial terms and conditions
- Assist in preparation of financial reports for donors, providing transparency and accountability regarding fund utilization
- Play a pivotal role in steering the entire lifecycle of grants disbursement, revisiting the current process and flowchart.
- Efficiently manage the end-to-end process of grants disbursement, including KYC review, disbursement, monitoring and repo

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