Finance Officer/Accountant

Role & responsibilities

Position - Finance Officer/Accountant

Location - Pune

1. Accounting Operations

• Maintain accurate books of accounts and accounting records.
• Record daily financial transactions in the accounting system.
• Manage General Ledger, Accounts Payable, and Accounts Receivable.
• Prepare journal entries and maintain supporting documentation.
• Perform monthly and annual account closing activities.
• Ensure proper accounting of income, expenses, assets, and liabilities.

2. Student Fee Management

• Monitor student fee collections and outstanding dues.
• Process fee receipts, invoices, refunds, and adjustments.
• Reconcile student fee collections with bank statements and accounting records.
• Coordinate with the administration and admissions teams regarding fee-related matters.
• Prepare regular reports on fee collection and outstanding balances.

3. Bank & Account Reconciliation

• Perform regular bank reconciliations.
• Reconcile customer, vendor, student fee, and other ledger accounts.
• Identify and resolve discrepancies in a timely manner.

4. Accounts Payable & Receivable

• Process vendor invoices and payments.
• Maintain accurate supplier and vendor records.
• Track outstanding receivables and payables.
• Ensure timely payment of approved expenses.
• Coordinate with vendors regarding invoices and payment queries.

5. Payroll & Employee Expenses

• Support monthly payroll processing and related accounting entries.
• Ensure accurate accounting of salaries, reimbursements, and employee benefits.
• Assist with statutory deductions and payroll-related compliance.
• Process staff expense claims and reimbursements as per institutional policies.

6. Statutory Compliance

• Assist in ensuring compliance with applicable tax and statutory requirements.
• Support GST, TDS, PF, ESIC, Professional Tax, and other applicable statutory filings and payments.
• Maintain proper records and documentation for audits and statutory requirements.
• Coordinate with external auditors, tax consultants, and regulatory authorities when required.

7. Budgeting & Financial Reporting

• Assist in preparing annual budgets and financial forecasts.
• Prepare monthly financial reports and management information reports.
• Monitor actual expenses against approved budgets.
• Highlight significant variances and provide relevant explanations.

8. Audit & Internal Controls

• Support internal and external audit activities.
• Provide financial documents and schedules required for audits.
• Maintain proper documentation and ensure compliance with internal financial controls.

Assist in implementing process improvements to strengthen financial controls