Manager, Finance

Posted By: Teach For india

Mumbai

Middle Mgt (Regional/ Zonal Manager, AVP, State /Regional Head)

Finance & Accounts

Education

Job Description

Position Summary


The Finance Manager drives all aspects of financial and compliance management of Teach To Lead; will work collaboratively with other teams, implement internal policies and procedures as well as donor regulations. She/he would be responsible for all financial and compliance functions in the program including accounting, vendor payments, budgeting, financial reporting, banking, donor financial management; support the Development/Fundraising team and provide timely reports as well as assistance to the Senior Manager Finance/CFO and the Programs team to ensure that financial resources are used efficiently and effectively. 


Team Overview


The Finance team is considered as the backbone for TFI operations. The team supports all the other functions and is responsible for improving the overall financial efficiency of the organization. The team has set high standards of resourcefulness and is constantly striving to attain efficiencies and cultivating important relationships with both internal and external stakeholders.

The Finance Manager shall supervise a team of 1 Finance Associate, 1 Finance Assistant and report to the Senior Manager/CFO and work closely with another Manager Finance for the Audit, Donor and MIS closures


Responsibilities

Primary responsibilities include but are not limited to:


Budgeting & MIS                                    

Collation and review of budgets for internal and external clients; assist staff and administrators in budget preparation, implementation and control; perform statistical analysis of cash flow and budgets; monitor and evaluate budgets and cash flow for appropriateness to ensure fiscal solvency and accountability.


Income Accounting and Donor Reporting

Ensure completeness and correctness of income, keeping in mind various statutory compliances (FCRA, Charity Commissioner’s office, Income Tax, etc.), accounting policies and procedures. reviewing Donor Reports, plan and meet timelines in reporting; review grant letters, funding and entitlement reports;


Financial and Statutory Reporting

Prepare financial reports as mandated by the management and other stakeholders, support in finalisation of annual accounts, liaise with auditors – both internal and statutory – and help address audit requirements and issues. Assist in compliance of direct and indirect taxation matters including filing of returns and handling of assessment proceedings as applicable.


Vendor payments

Overlook the function of vendor payments including managing a vendor database, review and due diligence of all vendor related payments ensuring that set policies, procedures and documentation is in place. Strong focus on timely and correct deduction of taxes from payments as per the provisions of the Income Tax Act, 1961.


Payroll 

Review the payroll and ensure that all the employee are getting the salary within the due time with ensuring the compliance and accuracy.


Compliances

Responsible for compliances with reference to The Bombay Public Trust Act, 1950, The FCRA 2010 and the Rules framed thereunder and updated from time to time, The Income Tax Act, 1961 and other Payroll compliances.


Training, Communications and Technical Support

Maintain communication with internal and external customers regarding financial matters; provide information and technical support to the Senior Manager in the development and revision of policies and regulations; assist in the development and documentation of office systems and procedures, finance software and systems, review proposed contracts for adherence to rules and regulations; train staff, coordinate, and/or review the work of staff.


?Setting Team Culture and Vision for Operational Excellence

Drive the vision for operational excellence and plan effectively to meet that vision. Setting priorities and managing, directing and leading the vision and core culture of the team. Establish systems for effective resource management


Additional Responsibilities

  • Assist Senior Manager/CFO with governance and legal matters
  • Establish and maintain high-level relationships with banking and auditing partners
  • Volunteering in classrooms
  • Assist in Fellowship Selection as required from time to time
  • Any such other related work as may be prescribed by Senior Manager.


Eligibility Criteria

Knowledge and Technical Skills

  • Belief that every single child deserves an excellent education and that every single child has the ability to be successful academically, despite their background.
  • Exceptional written and oral communication skills in English
  • Strong analytical and leadership skills
  • Ability to have a clear vision and drive toward that vision
  • Demonstrated ability to pay attention to detail at all times and think critically
  •  Demonstrated ability to build relationships, invest and motivate others to outcomes
  •  Demonstrated ability to set up and implement processes and strictly follow timelines
  • Ability to work independently and work closely with a team and across teams and cities
  • Strong time management skills and flexibility


Minimum Qualifications, Experiences and Expectations

  • CA/MBA Finance from a reputed institute with 2 years post qualification experience or B. Com with around 4+ years of relevant experience
  • Professional experience in areas of financial analysis, accounting, working in the Social Sector will be preferred.
  • Prior experience of working on NetSuite and Salesforce would be an added advantage.



Desired Candidate Profile

Post Graduation - CA

Minimum Qualifications, Experiences and Expectations

  • CA/MBA Finance from a reputed institute with 2 years post qualification experience or B. Com with around 4+ years of relevant experience
  • Professional experience in areas of financial analysis, accounting, working in the Social Sector will be preferred.
  • Prior experience of working on NetSuite and Salesforce would be an added advantage.


Organization Details

  • Organization Name:Teach For india
  • About Organization:Working at Teach For India Teach For India is on a journey to reach an India free of poverty and filled with love by ending educational inequity in our country. Twelve years into our journey we are a movement of 3800 Alumni working at all levels of the education system, who are reaching 1 in 10 children across the country. These Alumni have graduated from our two-year Fellowship Program where they taught in under-resourced classrooms to put 32,000 low-income children on a different life path. Today, we have 970 Fellows and are the largest pipeline of driven, skilled talent into the educational ecosystem in India. In 2022, we embark on Phase 4, our fourth strategic phase. We have a bold and ambitious ten-year journey ahead of us that aims to grow 50,000 leaders, who will work collectively, and with love, to transform the lives of 1 in 10 low-income children in our regions, through an education that unleashes the potential of self, others and India. In this decade, five key priorities w