Finance Manager

4 weeks ago

Badlapur, India Shri Educare Limited Full time

Thanekar International School, Badlapur invites smart, energetic and creative professionals to be a part of the The Shri Ram Universal School family. We are looking for someone who can initiate, develop and be a part of our quest for excellence in holistic education. The purpose of this role is to ensure smooth financial management of the School.

 

The role primarily focuses on:-

 

Primary Activities:

 

  • Voucher processing,
  • Cash & bank payments,
  • Passing of entries,
  • Bank reconciliation,
  • IUTA reconciliation,
  • Issue of TDS certificates,
  • Preparation of TDS and service tax/ GST returns,
  • TDS deposit, service tax/ GST deposit,
  • PF, ESI return and deposit etc.

 

Revenue:

 

  • Ensure timely invoicing of fee bills and circulation of the bills to the parents for payment
  • Ensuring timely deposit of the fee collected in the designated bank account.
  • Ensuring timely reconciliation of the fee received.
  • Sending reminders to fee defaulters and updating management with respect to the same.

 

Books of Accounts:

 

  • Ensure compliance of Accounting Standards so that books of accounts represent the true and fair view.
  • Ensuring the Monthly closure of books in time
  • Inter Unit Transfer Amount (IUTA) & bank reconciliation

 

Finalization of accounts (Quarterly/Annually):

 

  • Ensure timely and accurate closing of the Company’s accounts & audit on quarterly & annual basis
  • Preparation of Consolidated Balance Sheet.

 

Timely payment to vendors & employees:

 

  • Supervise and review payment schedules to ensure that payment is released to all the vendors as per the terms defined and following corrective actions, if needed.
  • Cheque preparation and dispatch to relevant parties
  • Supervise, review and coordinate disbursement report to ensure that salary is correctly processed and debited to the account of employees in time.
  • Scrutiny & approval of all cash & cheque payments

 

Statutory Compliances:

 

  • Ensure compliance with various direct and indirect tax laws
  • Verify and deposit all statutory payments
  • Stay updated on all changes in Statutory Regulations from time to time and accordingly incorporate the required changes in the system
  • Filing returns related to PF, ESI, Service Tax, GST etc.

 

Statutory and Internal Audit:

 

  • Supervise audits and provide adequate support to the auditors
  • Supervise and close of all internal and external audit objections and improve processes as per the audit guidelines.

 

Builds Checks & Controls:

 

  • The position holder builds checks and controls in all financial transactions so as to eliminate errors, chances of fraud.etc.
  • Responsible for streamlining the process affecting the Accounts process like procedure of payment, payroll, fixed assets etc.

 

Planning and Budgeting:

 

  • Consolidate & Maintain Budget for the school
  • Prepare and share fortnightly/ monthly/ quarterly reports with the Management.
  • Prepare functional documents/ test script/ user documents
  • Measure DOP and SOP as per cost boundaries for the project or functional requirements.

 

Age: 25 - 40 Years

 

Experience: 3 - 7 years in an accounting role.

 

Qualification: Post Graduate (M.com), Graduate (B.com)

 

Key Skills:

 

  • Business acumen and interest
  • High level of numeracy
  • Analytical ability
  • Strong Organising and Planning skills
  • Time management
  • Teamwork ability
  • Good communication and interpersonal skills
  • Proficiency in IT
  • Process orientation and problem solving skills

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