Senior Leadership Position in Finance Team

2 weeks ago

Mumbai, Maharashtra, India The Akanksha Foundation Full time ₹ 12,00,000 - ₹ 36,00,000 per year

Position Summary:

This Position is based in Mumbai and will independently manage the entire grant accounting and donor reporting function while supporting the Finance Manager for expense accounting and management. The Position directly reports to the Chief Financial Officer based in Mumbai.

The incumbent will also work closely with the Lead Financial Controller to manage the Finance function productively and efficiently and will co-lead a team of seven finance professionals across Mumbai and Pune.

The Position requires close coordination with:

  • Akanksha's Donor relations team to manage donor budgets, reporting, audits and other requirements to ensure timely and seamless flow of donor information between the two functions
  • HR for salary processing, though the monthly process is and will continue to be managed by the Finance manager
  • IT to ensure tech integration and upgradation in the Finance function.

The Finance team at Akanksha uses NetSuite (NS) ERP for its accounting needs and an in-house developed Expense Management system for recording staff reimbursements and other purchase transactions. The NS system is also being integrated with a donor management system to meet data and reporting requirements of both team

  • With other programs and support teams for quarterly expense reporting and budget monitoring. This will be jointly with the Finance manager

Specific Responsibilities will include
:

  • Independently manage all donor related budgeting, reporting, audits and MIS
  • Support the Finance Manager to ensure accurate accounting of expenses and income reflecting a true and correct picture of the finances of the organization. This will entail overseeing:

Accurate accounting of payments and receipts including grants and donations under appropriate cost centers/donor codes, Generation of quarterly MIS reports on budget and grant utilizations, Interaction with budget heads to analyse and monitor trends of actual spends vs budgets, Compliance with Finance and other internal policies and procedures

Timely payment of all statutory dues and adherence to related compliances

  • Facilitate and manage internal and statutory audits
  • Proactively support the review of systems and processes for enhanced productivity and efficiency
  • Support the Lead Financial Controller in meeting all statutory and legal compliances in a timely manner

What you need for this role:

  • 7 - 10 years work experience in accounting and finance including payment processing, grant accounting, budgeting, financial monitoring and reporting, preferably in the 'not for profit' sector
  • Knowledge and expertise with regard to statutory compliances like TDS, GST, EPF etc.
  • Strong understanding of internal controls and processes necessary to run a large finance operation efficiently and effectively
  • Ability to support the CFO and Lead Financial Controller in running the Finance operation in a highly professional manner setting new standards of excellence
  • Strong engagement, coordination and interpersonal skills and confidence to interact with senior leadership
  • Capability to motivate, mentor and lead a team of young professionals
  • Good written and verbal communication skills in English and Hindi. Knowledge of Marathi would be an added advantage

Qualification:

  • Bachelors degree in commerce, accounting

Key Competencies:

  • Strong understanding of finance operations and compliance
  • Leadership and team management
  • Analytical and problem-solving abilities
  • Attention to detail and accuracy
  • Collaboration and communication

Compensation:

Competitive package that will depend on the prior work experience and profile of the candidate.

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