The posting
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 Manager will work directly with the CFO Consultant & COO and manage a team of 5 people based in Mumbai and Pune.
At iTeach Schools, current systems are compliant and benefit from technology integration across key functions such as HR and financial management. However, with the organization’s growth plans, there is a need to strengthen these systems further through more robust monitoring and evaluation framework.
We are looking for people who have the technical expertise and will be eager to enhance the existing systems and processes, combining researched best practices with their own contextual innovation.
Team and Stakeholder Management:
- Manage and build capacity of the Finance team
- Maintain and strengthen relationships with partner organizations and funding partners
- Serve as a single point of contact for any finance-related queries from funding partners
- Reviewing Government Tenders from Compliance and Impl
- Liaison with internal departments like leadership, HR, Funding and Communications, Programme staff etc
- Liaison with external stakeholders like auditors, donors, bank personnel, CS, ESIC, PF consultants, etc. with support of the team
Program Budgeting and Financial Planning:
- Prepare organisational budget in collaboration with various team members and track actual expenditure and variances periodically.
- Reviewing donor utilisation reports, tracking over/under-utilization of donor funds and suggesting ways to optimise usage of funds; reviewing donor proposals based on budgets and donor criteria.
- Track cash flows and prepare quarterly MIS and financial reports.
- Conduct quarterly Reviews with Project leaders on fund utilization.
- Create and update SOPs to streamline processes
- Manage and authorize expenses in line with approved to budgets.
- Review agreements from a financial perspective.
Compliance and Financial Reporting:
- Oversee statutory compliances, viz. FCRA, TDS, PT, IT, GST, etc with assistance from the Accounts Manager.
- Review monthly payroll.
- Review company’s financial statements and books of accounts.
- Oversee external (CA & Donor) and internal audits with assistance from the Accounts Manager.
- Prepare quarterly board reports and other required periodic financial reports.
- Set up Finance Management systems in new locations as iTeach expands.
- Continuously refine program accounting and reporting systems.
Qualification & Experience
- Qualified Chartered Accountant (CA)
- 3+ years of post articleship work experience in accounts, taxation, and financial compliance.
- Proficient in Income Tax, TDS, PT, and GST compliance.
- Management experience
- Preferred: Prior experience in budgeting, cashflows and MIS.
- Preferred: Prior work experience in NGO.
- Preferred: Experience in FCRA, PF, ESIC.
Experience and Competencies
- Managerial and leadership qualities.
- Proficient in Excel and Tally.
- Excellent communication and interpersonal skills.
- Proficient in spoken and written English.
- Able to work independently, assume ownership of responsibility.
- A logical thinker and effective problem solver.
- Willingness to learn.
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 15 -18 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.
