Finance Head

2 days ago

Bangalore Rural Bengaluru, India Finyes Consulting Full time ₹ 20,00,000 - ₹ 25,00,000 per year

Role & responsibilities

  • Oversee all financial management across the Trusts schools and hospital, including budgeting, forecasting, cash flow, and fund allocation.
  • Cash and Fund management daily, including Bank Reconciliation of all the banks.
  • School-wise preparation of income and expenses with proper accounting in Tally for capturing the correct data. Once the data are ready for schools, these will be further drilled down to different programmes under each school for direct and indirect expenses.
  • Chairs / Centres correct accounting followed by generation of Income & Expenditure statements for each centre / chair with Budget Vs Actual information in place. Inter-departmental coordination for collation of relevant data.
  • Opex Expenses Review and Authorization as per Procurement Guidelines, Delegation Matrix and approved budget.
  • Payroll Processing with actual supporting documents and process flows. Liaising with payroll consultants for ESI, PF, PT, Salary TDS and all other payroll related compliances.
  • Statutory compliances on taxes, payment within due dates and filing of returns.
  • Liaising with Tax Consultants for direct tax, indirect tax and all other areas of compliance matters.
  • Coordinate with statutory auditors for timely submission of documents and closure of audits well within the target dates.
  • FCRA Registration processes and compliances.
  • Organize Committee meetings and provide support for UGC, AICTE, Bar Council, KSHEC inspections.
  • Lead activities of Internal Quality Assurance Control for finance department
  • Support NAAC & other accreditations with matters relating to finance department
  • Manage finance team recruitment, training, and performance to build a skilled, mission-aligned department.
  • Liaise with funding agencies, donors, and regulatory bodies on grants, financial reports, and compliance matters.
  • Support strategic planning with financial insights and scenario analysis to aid sustainable growth of educational and medical services.
  • Ensure adherence to relevant financial standards (e.g., nonprofit sector, GAAP, plus sector-specific guidelines).
  • Drive initiatives for financial systems automation and continuous process improvements.
  • Adept in capex accounting in large scale including managing the capex accounting.

Preferred candidate profile

  • Graduate or Post Graduate or MBA in Finance with a more than 20 years of experience and should have handled senior leadership role and have managed teams
  • Proven leadership in managing complex finance functions in large nonprofits/trusts, ideally with schools and healthcare entities.
  • Strong knowledge of nonprofit accounting, tax, and compliance frameworks for education and healthcare.
  • Experience in multi-entity financial consolidation and reporting.
  • Excellent analytical, communication, and team leadership skills.
  • Integrity, commitment, and passion for social impact through education and healthcare.

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