Finance Officer

1 week ago

Kharadi, Maharashtra, India Wellington College Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Key Responsibilities

Strategic Finance & Leadership

Lead the schools overall financial strategy, planning, and operations to ensure long-term sustainability and growth.

Provide accurate and timely financial insights to the Principal, Board of Governors, and senior leadership team for decision-making.

Contribute to strategic planning, risk management, and policy development.

Financial Management & Reporting

Prepare and present financial statements including Balance Sheet, Profit & Loss accounts, and Cash Flow statements.

Develop budgets and forecasts in collaboration with leadership and department heads.

Monitor financial performance, variances, and implement corrective actions as needed.

Ensure strong internal controls and adherence to best practices in financial governance.

Compliance & Regulatory

Ensure compliance with all statutory and regulatory requirements, including income tax, GST, corporate filings, and education-sector-specific regulations.

Manage expatriate staff payroll and taxation, ensuring compliance with international taxation norms and double-taxation treaties where applicable.

Oversee audits (statutory, internal, and external) and liaise with auditors, consultants, and government authorities.

Admissions & Fees Management

Oversee all finance-related aspects of the admissions process, including fee structures, invoicing, collections, and refunds.

Implement transparent and parent-friendly financial processes aligned with the schools ethos.

Monitor fee receivables and manage collection processes to ensure healthy cash flow.

Expatriate Financial Management

Manage tax equalization, relocation allowances, and compliance with home/host country obligations.

Act as a key resource for expatriates to navigate financial, taxation, and compliance matters.

Team & Operational Oversight

Lead and mentor the finance team to ensure efficiency, accuracy, and accountability.

Oversee procurement, vendor management, contracts, and resource allocation.

Ensure transparent communication with parents, staff, and external stakeholders on financial matters.

Chartered Accountant (CA) or equivalent professional qualification.

Minimum 5-7 years of progressive financial leadership experience

Society law, GST, FCRA, PF Act, taxation etc.

e taxation, payroll, and compliance.

preparing and analysing Balance Sheets, P&L, budgets, and financial forecasts.

compliance with statutory requirements and liaise with auditors/regulatory authorities.

Familiarity with ERP/finance systems(e.g., Tally, SAP, Oracle).

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