Sr. Manager Finance

2 weeks ago

Vijayawada, Andhra Pradesh, India Vijayavahini Charitable Foundation Full time ₹ 8,00,000 - ₹ 12,00,000 per year

Brief Job Description:

1) Manage all accounting operations, including A/P, GL and cost accounting, inventory accounting, and revenue recognition. Ensure that payments are made as per the Delegation of Powers (DoP).

2) Monitor the preparation of BRS, liaise with banks, financial institutions, etc. in managing the funds.

3) Supervise Payroll processing, Computation, deduction & timely remittance of TDS, PT, PF, GST, etc.

4) Coordinate and direct the preparation of the budget and financial forecasts, utilization certificates, etc., and report variances, as required by management.

5) Ensure all Regulatory and Statutory Compliances are done as per the timelines, for Section 8 companies.

6) Ensuring periodical month-end and year-end closure process & prepare and report the financial statements. In timely manner (Monthly, Qtrly, HY, etc.,)

7) Monitor the preparation of Advance Report (Consultants & Suppliers) and Follow-up for timely settlement of all advances.

8) Monitor the compliance with applicable terms and conditions, laws and regulations related to Company and maintaining all necessary documentation of compliance activities with local, state, and central government reporting requirements and tax filings-IT/GST/PF etc.

9) Participate in developing new proposals/budgets/pricing decisions, in coordination with Program leads under the guidance of CFO. Also assisting in drafting of Agreements/MoU/Contracts, etc., with Donors, Contractors, Service providers, etc.

10) Prepare Cash Flow/Treasury Report in coordination with Thematic Leads & ensure adequate cash flow to meet the organizations needs. Also ensuring the placement of surplus funds in FDs in Banks.

11) Working with Theme Leads & Program Officers in preparation of budgets and track Project by Theme-wise and on consolidated Organizational basis;

12) Conducting Pre-assessment of Onward Grantees before selection and preparation of Due Diligence Reports in coordination with Program Team.

13) Monitoring & collection of Financial reports-UC, as per Grant Letters/Agreements/MOUs from Onward Grants

14) Work with the CFO on the strategic vision including fostering and cultivating stakeholder relationships with State Government administration/Statutory Authorities, Bankers, Contractors

15) Participate in negotiation with Parties & ensure adequate controls are installed & that procurements are approved and available such that all purchases may pass Donors and Statutory Authorities Audits.

16) Preparation of Income & Expenditure Account, Balance Sheet & Cash flow statement for the Company.

17) Coordinate with Internal and Statutory Auditors for Completion of the audit

18) Train the Finance & other team members on raising awareness and knowledge of Organisation Policy/SOPs for smooth compliance of Statutory compliances.

Knowledge:

  • Understanding and familiar with the Accounting & Finance knowledge particular to Development Sector/Trust/Sec-8 Company.

  • Knowledge of Company Law/Trust laws/Income Tax/GST/FCRA/Government Policies

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