Job Opportunity for Finance Associate at iTeachSchools in Pune

Overview 

iTeach Schools runs free and high-impact secondary schools and a college-to-career program for the most disadvantaged students of Pune and PCMC. Like many Indian cities, both of these public education systems only go up to Grade VII, leading to the poorest students being unable to finish their schooling. In 2023, with a staff of 250 members across nine schools, we will serve 3000 students and 2000 alumni, giving students a fighting chance at college, career, and citizenship. We aim to grow to 30 schools and 10,000 students over the next five years.

Responsibilities 

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

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.
• Provide support for iTeach Schools in completing FCRA (Foreign Contribution Regulation Act) requirements.
• Work collaboratively within the Central Team, fostering effective communication and coordination among all staff members.
• 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.

Finance Management

• Review and approve expense reports for schools and the Central Office, ensuring adherence to financial policies.
• Facilitate bank payments and manage the reimbursement process for bills submitted by staff members.
• Manage petty cash funds, manage donations and update donor data.
• Utilise financial software, including Tally and other tools, to maintain financial records accurately.
• Work closely with the HR team, prepare salary sheets, and oversee disbursement.

Compliance and Reporting

• Handle government-related financial tasks, including PF, ESIC, PT, and TDS calculations, payments, and follow-ups.
• Assist in preparing and organising audit documentation, collaborating with CA-CS professionals and visiting their offices as needed.
• Create Fund Utilization Reports for each entity to demonstrate fund allocation.
• Provide valuable inputs to enhance finance, accounting, and reporting systems

Experience and Competencies 

• Graduate in commerce with a strong understanding of accounts, taxation, and financial compliance 
• Preferred: 1+ years work experience in Finance 
• Preferred: Tally and other software for maintaining financial records.

Location: Pune 

Salary – Salary is decided based on the candidate’s education and work experience. Our usual compensation for this role lies between 3.12 Lakh Per Annum – 3.6 Lakh Per Annum. We also take pride in providing the best of industry benefits such as PF, Gratuity, Medical Insurance etc.