Key Responsibilities-
1. Financial Accounting & Reporting
- Maintain accurate books of accounts in compliance with statutory requirements.
- Prepare monthly, quarterly, and annual financial statements.
- Manage general ledger, journal entries, and account reconciliations.
- Ensure timely closing of accounts and preparation of audit-ready reports.
2. Budgeting & Financial Planning
- Develop annual budgets in coordination with school leadership.
- Monitor budget utilization and provide variance analysis.
- Advise management on cost optimization and financial planning strategies.
3. Fee Management
- Oversee student fee collection, reconciliation, and reporting.
- Ensure timely issuance of fee receipts and maintenance of fee registers.
- Monitor outstanding dues and coordinate with administration for recovery.
4. Payroll & Employee Benefits
- Supervise payroll processing, including salaries, allowances, and statutory deductions.
- Ensure compliance with PF, ESI, gratuity, and other statutory benefits.
- Maintain employee financial records and coordinate with HR for accuracy.
5. Vendor & Procurement Accounting
- Verify vendor bills, purchase orders, and contracts.
- Process payments to suppliers and service providers.
- Maintain records of advances, settlements, and outstanding liabilities.
6. Compliance & Audit
- Ensure adherence to statutory requirements including Income Tax, GST, and TDS.
- Hands-on experience with TRACES portal for TDS compliance, challan verification, and Form 16/26Q generation.
- Proficiency in Winman applications for income tax return filing, GST computation, and audit support.
- Prepare final accounts and balance sheets in consultation with auditors.
- Liaise with internal and external auditors and support audit processes.
- Maintain documentation for inspections and regulatory submissions.
7. Cash & Bank Management
- Monitor daily cash flow and bank transactions.
- Reconcile bank statements and manage petty cash.
- Ensure proper authorization and documentation for fund transfers.
8. Asset & Inventory Management
- Maintain records of school assets, depreciation schedules, and disposals.
- Oversee accounting for inventory and consumables.
9. Systems & Process Improvement
- Implement accounting software and ERP systems for operational efficiency.
- Develop and document SOPs for financial processes to ensure transparency and accountability.
- Train department staff on accounting practices and compliance requirements.