Head of Finance

4 days ago

Pune, Maharashtra, India Wellington College International Pune Full time ₹ 1,50,000 - ₹ 25,00,000 per year

Wellington College International Pune (WCIP) is the eighth in the Wellington College International family and the first of several planned for India.

Head of Finance is a key member of the school, bears the overall responsibility of the Finance Department for the proper maintenance of the school's accounting records, the preparation of all students' accounts and for ensuring their prompt settlement. He/she will be responsible for the preparation, filing of financial statements and for all tax filings and statutory compliance. The finance department works under the general direction of the Bursar.

Key Responsibilities

  • Monthly reporting of business payables, fixed costs and cost centres, tracking overall collection and expenditure. In-depth knowledge of Business Finance, accounting principles & P&L management.
  • Overseeing the processing of invoices, sending invoices and receipts to students, crosschecking invoices with receipts, processing refunds and tracking and reporting of overdue payments. Be responsible for collections of fee and other charges and to keep a proper record.
  • Monitor income and expenditure in relation to the school's budget, and produce monthly reports for the Master and the relevant school committees. Exceptional data analysis & forecasting skills with hands on experience in advance excel
  • Ensure to keep all school accounts, prepare income and expenditure reports in accordance with the school policies and generally accepted accounting principles for submission to the auditors. liaising for statutory audits.
  • Be responsible for the completion of the school's statutory payments and returns to submitted within required deadlines. Ensuring staff salaries credits within the stipulated timelines.
  • Ensure full statutory compliance with local and international tax, labor, and financial reporting laws
  • Oversee expat payroll and compensation, ensuring proper structuring in line with tax regulations, treaties, and company policies
  • Ensure correct application of TRC (Tax Residency Certificates) in international payroll/tax matters and liaise with relevant tax authorities as needed
  • Handle double taxation avoidance agreements (DTAA) and ensure efficient tax treatment of cross-border employees
  • Oversee all bank accounts including the school's debit card/s, completing monthly reconciliations and reporting banking errors to her/his Reporting Authority.
  • Ensure the preparation of accurate GST workings and payment as applicable so that GST returns are timely submitted.
  • Be responsible for all elements of payment to vendors, banking and school trips. Scrutinise and attend to the payment of all invoices and statements of account in accordance with the school policies.
  • Coordinate and maintain a list of approved contractors and suppliers to ensure best value.

Essential Experience / Qualifications Required

  • Chartered Accountant (CA) with 8-10 years of experience.
  • Entrepreneur mind-set and confident to work in a multicultural environment with an International Management Team with analytical and result oriented, excellent written and oral communication skill

Skills and Personal Qualities

  • The role demands a multitasker who can effortlessly liaise with all the other teams, efficiently manage the roles and duties within the team, and finally get the job done well in time.
  • Sources and listens to all points of view and respects differing opinions when developing solutions. Should be very organized, process driven and a team player.

Job Types: Full-time, Permanent

Pay: ₹1,500, ₹2,500,000.00 per year

Work Location: In person

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