Assistant Account Manager

2 hours ago

Chennai, Tamil Nadu, India Velammal Educational Trust (VET) Full time ₹ 12,00,000 - ₹ 24,00,000 per year

Job Title: Assistant Manager|Manager Accounts & Finance ( Female candidates )

Department: Finance & Accounts

Location: Corporate Office, Velammal Group of Schools ( mambakkam )

Reporting To: Head Finance / Chief Financial Officer (CFO)

Job Overview:

The Assistant Manager Accounts & Finance will play a key role in managing and supervising the financial operations of the Velammal Group of Schools. The incumbent will ensure accurate financial reporting, compliance with statutory regulations, and efficient handling of day-to-day accounting activities. The position requires a detail-oriented, analytical, and proactive professional with strong accounting and financial management skills.

Key Responsibilities:

1. Accounting & Financial Management

  • Oversee and maintain accurate books of accounts for all school units under the group.
  • Ensure timely posting of journal entries, reconciliations, and ledger scrutiny.
  • Prepare monthly, quarterly, and annual financial statements.
  • Monitor cash flow, accounts payable, and receivables.
  • Assist in fund allocation and utilization tracking across branches.

2. Budgeting & Forecasting

  • Assist in preparing annual budgets and financial forecasts for schools and departments.
  • Monitor budgetary variances and recommend corrective actions.
  • Support management in cost optimization and financial planning.

3. Audit & Compliance

  • Coordinate with internal and external auditors during audits.
  • Ensure compliance with statutory requirements including GST, TDS, PF, ESI, and Income Tax.
  • Maintain proper documentation and ensure timely submission of returns and reports.

4. MIS & Reporting

  • Prepare monthly MIS reports and financial dashboards for management review.
  • Analyze financial data and present insights to support strategic decision-making.
  • Maintain transparency and accountability in reporting across departments.

5. Process Improvement

  • Implement best practices and internal control systems to strengthen financial operations.
  • Streamline accounting processes and improve efficiency through automation and ERP tools.
  • Ensure timely reconciliation of bank statements, vendor accounts, and inter-branch transactions.

6. Team Coordination

  • Supervise and mentor junior accounting staff.
  • Liaise with various departments and school units for financial coordination and data collection.
  • Support the Finance Head in special projects and audits as required.

Required Skills & Competencies:

  • Strong knowledge of accounting principles, taxation, and financial regulations.
  • Proficiency in Tally ERP / SAP / Zoho Books or similar accounting software.
  • Advanced MS Excel and analytical skills.
  • Excellent communication and interpersonal skills.
  • Ability to handle multiple priorities and meet deadlines.
  • Attention to detail, integrity, and a results-driven mindset.

Qualification & Experience:

  • Qualification: MBA (Finance)
  • Experience: Minimum 5–7 years of experience in Accounts and Finance (preferably in an educational institution or corporate setup).

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