Finance Associate

Why do we exist What do we do

The quality of school education available to students from low-income communities across India is abysmal. Their chances of attending college, or building a career are significantly lower than their high-income peers, condemning them to a life without voice or choice. iTeach was born in 2015 to challenge this status quo and create a level playing field for ALL children.

We run free and high-impact schools and an exceptional college-to-career program for the most disadvantaged students in Pune and Navi Mumbai. We are known for our world-class professional development, our result-oriented team culture, and our student-centric school design. Read more about us at www.iTeachSchools.org.

Responsibilities

The Finance Associate will work directly with the Finance Manager. Since iTeach Schools is ten years old and expanding fast, we are looking for people who are eager to implement the most effective and compliant systems and processes, combining researched best practices with their own contextual innovation.

I - Finance Management

• Review and approve school and Central office expenses, ensuring adherence to financial policies and budgets.
• Facilitate bank payments and manage the reimbursement process for bills submitted by staff members and payroll processing.
• Utilise financial software, including Tally, to maintain financial records accurately in hard and soft.
• Manage cash flow, petty cash, and donations.
• Respond to internal teams budgets, approvals, and expense queries.

II - Compliance and Reporting

• Handle regulatory compliance-related financial tasks, including PF, ESIC, PT, and TDS calculations, payments, and follow-ups.
• Analyse financial data and assist with audits, reviews, and tax preparations.
• Collaborate with CA and CS professionals for any audits or reporting requirements.
• Reporting - monthly reconciliation, quarterly and annual reports, internal and external.
• Create Fund Utilization Reports as per donor requirements.
• Provide valuable inputs to enhance finance, accounting, and reporting systems
• Provide support for iTeach Schools in completing FCRA (Foreign Contribution Regulation Act) requirements.

III - Stakeholder Management and Operation Support

• Collaborate closely with school administrative staff to address financial needs and concerns.
• Build and maintain relationships with vendors and funding partners to ensure seamless financial transactions.
• Collaborate with the Operations team to provide financial support for various events at the team and organisational levels.
• Visit banks, vendors, and partners to ensure effective coordination of financial tasks and activities.

Prerequisites

• Qualification: Commerce Graduate or Inter-CA or MBA Finance
• Minimum five years of work experience in Finance
• Deep knowledge of regulatory compliance processes
• Advanced understanding of Tally, Excel and MS Office

Compensation and Benefits: We take pride in offering competitive compensation and benefits commensurate with the candidate's education and work experience. The salary range for this position ranges from 4.32 - 5.28 LPA CTC, and we are dedicated to providing top-notch industry benefits. These benefits include PF, gratuity, medical insurance (up to 3 lakh PA), paid leaves, annual increments, and promotion opportunities.