Company Description
Bharatiya Vidya Bhavan, established in 1938 by Kulapati Dr. K. M. Munshi with the blessings of Mahatma Gandhi, is a globally respected educational and cultural institution. Guided by the principle of Vasudhaiva Kutumbakam The world is one family, the Bhavan acts as a bridge between tradition and modernity. With a vast network of schools, colleges, and cultural centers across India and abroad, the Bhavan promotes education, Indian culture, art, literature, and interfaith harmony. Recipient of the prestigious Gandhi Peace Prize, it is dedicated to nurturing values, knowledge, and global understanding while inspiring generations.
Key Responsibilities
Financial Accounting
- Review of draft audited financial statements of schools or units across India and thereafter finalization of the financial statements.
- Preparation of consolidated financial statements based on the audited financial statements received from the schools or units across India.
- Preparation of details for filing of Income Tax Returns and Tax Audit Reports.
- Review/ledger scrutiny of tally data of schools and units on regular intervals.
- Discussion on financial matters with the schools or units at regular intervals.
- Preparation of the budget for the next financial year based on the financial data received from the schools or units.
- Review of internal audit reports of various schools and units and discussion with the Auditors and the committee members.
- Ensure compliance of the Income tax, GST, TDS, GSTR 1 and other Statutory compliances.
- Preparation of details for the Income tax Scrutiny assessment.
- Preparation and filing of application u/s 197 i.e. Lower Deduction certificate to the Income Tax Department TDS unit.
- Ensure compliance with Legal, Regulatory, and Accounting Standards.
- Maintain strong relationships with auditors and financial institutions.
- Preparing bank reconciliation statement, expense working, ledgers, and TDS reconciliation, system master creations, and stock verification.
Risk Management and Internal Controls
- Identify and mitigate financial risks.
- Visiting schools and other units for financial and operational controls review on a need basis.
- Verifying the financial and operational aspects of the schools and other units.
- Implement robust internal controls and financial safeguards.
- Assess the efficiency and effectiveness of internal controls and processes.
- Discuss observations with process owners and arrange auditee responses and action plans.
- Follow up with process owners for closure of action items and assist process owners in implementing action plans.
