This Finance Associate role encompasses a broad range of responsibilities, combining financial management, reconciliation, and compliance activities to ensure the smooth functioning of the finance department. The emphasis is on accuracy, timeliness, and collaboration with other teams within the organization.

Responsibilities:

1. Daily Bookkeeping:

• Manage and maintain daily bookkeeping activities.

2. Process Improvement:

• Collaborate with the supervisor to enhance internal procedures and practices.

3. Revenue Accounting:

• Prepare accurate accounting of revenue, categorizing it product wise.

4. Sales Recording:

• Ensure timely processing and recording of sales receipts in Tally/IMS based on Salesforce data.

5. Accounts Receivable & Payable:

• Manage account receivable and payable activities accurately and in a timely manner.

6. Financial Reconciliation:

• Reconcile petty cash, purchase bills, and expenses bills.
• Reconcile stock and fixed assets monthly (IMS and physical stock).

7. Issue Resolution:

• Identify and resolve invoicing issues, accounting discrepancies, and other financial-related matters.

8. Payroll and Tax Management:

• Collaborate on monthly payroll, contract, and intern matters with the supervisor.
• Coordinate with the supervisor for monthly filing of VAT & TDS.

9. Travel Allowances and Disbursement:

• Ensure proper approval and recording of staff TA/DA slips according to company policy.

10. Collection Coordination:

• Work closely with the collection team to ensure timely receivable collections.
• Provide timely reports to the supervisor on collections exceeding the 90-day period.

11. Communication and Documentation:

• Maintain regular communication with vendors and the school account team.
• Document all financial transactions accurately.

12. Audit and Compliance:

• Physically visit the IRD office for an annual audit.
• Coordinate with internal and external audits as needed.

13. Knowledge Development:

• Develop an in-depth knowledge of organizational products and processes, particularly in the financial domain.

14. Support and Collaboration:

• Support the supervisor with various projects and tasks when required.

15. Objective and Key Results (OKR):

• Assist the finance head in achieving OKRs.