Randstad·5 days ago
5 days ago
Head Of Accounts
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What you'll do
- Oversee end-to-end accounting operations of the Foundation including proper accounting records and supporting documentation for all financial transactions.
- Ensure accurate daily accounting and bookkeeping in compliance with applicable accounting standards.
- Manage monthly closing of books and bank reconciliations.
- Coordinate quarterly limited review (statutory audits) and preparation of quarterly and annual financial statements.
- Monitor and manage cash flow requirements and liquidity planning.
- Manage banking transactions and fixed deposits.
- Oversee payment processes including approval, processing, reconciliation, and vendor management.
- Ensure timely processing of financial transactions with appropriate financial controls.
- Handle opening and management of bank accounts required for the Foundation's operations.
- Ensure proper coordination with banks.
- Support annual budgeting and periodic forecasting processes.
- Monitor budget utilization and conduct variance analysis against approved budgets.
What they're looking for
- Experience in end-to-end accounting operations
- Experience in managing statutory audits, internal audits, FCRA audits, and Internal Financial Controls (IFC) audits
- Knowledge of Income Tax Act, FCRA regulations, Companies Act, and CSR reporting requirements
- Experience in donor fund tracking and grant accounting
- Proficiency in budgeting, forecasting, and variance analysis
- Experience in stakeholder management and liaison with banks, auditors, and regulatory authorities
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Core Responsibilities:
1. Accounting & Financial Operations
* Oversee end-to-end accounting operations of the Foundation including
proper accounting records and supporting documentation for all financial
transactions.
* Ensure accurate daily accounting and bookkeeping in compliance with
applicable accounting standards.
* Manage monthly closing of books and bank reconciliations.
* Coordinate quarterly limited review (statutory audits) and preparation of
quarterly and annual financial statements.
* Monitor and manage cash flow requirements and liquidity planning.
* Manage banking transactions and fixed deposits.
* Oversee payment processes including approval, processing,
reconciliation, and vendor management.
* Ensure timely processing of financial transactions with appropriate
financial controls.
* Handle opening and management of bank accounts required for the
Foundation's operations.
* Ensure proper coordination with banks.2. Budgeting &Variance Analysis
* Support annual budgeting and periodic forecasting processes.
* Monitor budget utilization and conduct variance analysis against
approved budgets.
* Prepare periodic MIS reports and financial performance summaries for
management review.
* Prepare monthly finance dashboards.
3. Donor Reporting & Fund Utilisation
* Track donor funds and utilization across projects.
* Prepare donor utilization reports.
* Ensure proper grant accounting and compliance with donor-specific
requirements.
* Coordinate with program teams for financial reporting related to grants
and projects.
4. Audit & Regulatory Compliance
* Manage statutory audits, internal audits, FCRA audits, and Internal
Financial Controls (IFC) audits.
* Coordinate with auditors and ensure timely closure of audit observations.
* Ensure compliance with applicable provisions under:
o Income Tax Act
o FCRA regulations
o Companies Act (where applicable)
o CSR reporting requirements
o Other applicable statutory and regulatory frameworks
* Oversee annual filings related to Income Tax and FCRA.
* Implement and maintain financial procedures.
5. Contracts & Documentation
* Review MoUs against standard formats.
* Maintain proper documentation and records management systems.
6. Liaison & Stakeholder Management
* Liaise with the listed parent company for financial reporting
(consolidation), governance, and compliance requirements.
* Coordinate with bankers, auditors, regulatory authorities, and advisors.
* Serve as the primary point of contact for financial and compliance matters.
7. Risk Management & Internal Controls
* Identify and mitigate financial and compliance risks.
* Strengthen internal financial controls.
* Monitor cash flow stability.
experience10
1. Accounting & Financial Operations
* Oversee end-to-end accounting operations of the Foundation including
proper accounting records and supporting documentation for all financial
transactions.
* Ensure accurate daily accounting and bookkeeping in compliance with
applicable accounting standards.
* Manage monthly closing of books and bank reconciliations.
* Coordinate quarterly limited review (statutory audits) and preparation of
quarterly and annual financial statements.
* Monitor and manage cash flow requirements and liquidity planning.
* Manage banking transactions and fixed deposits.
* Oversee payment processes including approval, processing,
reconciliation, and vendor management.
* Ensure timely processing of financial transactions with appropriate
financial controls.
* Handle opening and management of bank accounts required for the
Foundation's operations.
* Ensure proper coordination with banks.2. Budgeting &Variance Analysis
* Support annual budgeting and periodic forecasting processes.
* Monitor budget utilization and conduct variance analysis against
approved budgets.
* Prepare periodic MIS reports and financial performance summaries for
management review.
* Prepare monthly finance dashboards.
3. Donor Reporting & Fund Utilisation
* Track donor funds and utilization across projects.
* Prepare donor utilization reports.
* Ensure proper grant accounting and compliance with donor-specific
requirements.
* Coordinate with program teams for financial reporting related to grants
and projects.
4. Audit & Regulatory Compliance
* Manage statutory audits, internal audits, FCRA audits, and Internal
Financial Controls (IFC) audits.
* Coordinate with auditors and ensure timely closure of audit observations.
* Ensure compliance with applicable provisions under:
o Income Tax Act
o FCRA regulations
o Companies Act (where applicable)
o CSR reporting requirements
o Other applicable statutory and regulatory frameworks
* Oversee annual filings related to Income Tax and FCRA.
* Implement and maintain financial procedures.
5. Contracts & Documentation
* Review MoUs against standard formats.
* Maintain proper documentation and records management systems.
6. Liaison & Stakeholder Management
* Liaise with the listed parent company for financial reporting
(consolidation), governance, and compliance requirements.
* Coordinate with bankers, auditors, regulatory authorities, and advisors.
* Serve as the primary point of contact for financial and compliance matters.
7. Risk Management & Internal Controls
* Identify and mitigate financial and compliance risks.
* Strengthen internal financial controls.
* Monitor cash flow stability.
experience10
working at a client of randstad india
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Company
Randstad
Mumbai, India
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