JD: Accounts Associate
About the Organization
Youth Dreamers Foundation (YDF) is a not-for-profit organization registered under Sec 8 (1) of the Companies Act, 2015. YDF intends to realize an “equal opportunity" approach in accessing higher education to make higher education more inclusive, accessible, and affordable for marginalized sections of society.
One of the most important ways to improve the access to higher education is providing scholarships to needy students. There are numerous public & private scholarship schemes that are available, however, they fail to reach the right candidates. YDF works with all of the stakeholders who have a role to play in the scholarship's delivery to bring in higher efficiency and efficacy in the system. YDF also supports our scholar alumni to make their higher education journey more relevant to their aspirations.
About the Position
Account Associate will report to the Director and shall be responsible for handling all legal compliance matters, internal controls and audits, reporting, banking relationships and payments while ensuring the authenticity, integrity, existence, accuracy, authorization, and veracity of all financial transactions in the accounting system.
Overview
Job Type: Full-time; contract to be renewed annually
Salary: 30000- 35000/Per Month (commensurate with experience and expertise)
Location: YDF Office
Reporting: Program Manager & Finance Manager
Key responsibilities
Account Associate is expected to take up the following responsibilities:
Create, review, and ensure completeness and accuracy of all transactions (income, unutilized grants, overheads recovery, accruals, provision for expenses etc.)
Prepare and process salaries of all the employees. Manage entire process (applicability, deduction, deposit and returns) of employee-related statutory payments of TDS, PF, and professional tax if applicable
Prepare monthly variance analysis reports (budget vs actual), cash flow, funds flow, budget vs utilization, utilization certificates as per bank accounts for each project and consolidated reports for the organization as a whole
Support internal and statutory audits, ensure timely preparation of financial statements and related schedules, and ensure timely completion of audits with unqualified reports. Ensure strict compliance with project codes /cost centers, allocation, and update accounting system as per donor reporting requirements
Review all grant/ project agreements to ensure that amounts due are requested as per the mutually agreed timelines. Escalate any overdue amounts to senior management
Review and book the team monthly reimbursement and tracking of the Same , Issuance of advance as per need and approval
Support to create SOPs as per need basis like reimbursements & Claims, Inventory, Assets management policy etc.
Coordinate with central and state team and auditor on regular basis as per need
Rotating monthly audits of inventories / Enter final inventory totals into spreadsheet
Process authorized purchase requests as needed
Play a super-user role for Tally and ensure full utilization of its capabilities; Improve and manage controls in Tally
As a Team Member:
Participate in team meetings and activities (accounts related)
Participate in objective setting, performance management
Participate in special projects to improve processes, tools, systems, and organization
Participate in planning and implementing personal and career development activities
Actively develop job-related skills and regularly participate in conferences/ training/ workshops to upgrade technical knowledge Desired Profile
B.Com. or its equivalent
Experience: Minimum 3 to 5 years of experience in accounting practices, 2 years of NGO accounting experience is desirable
Tally and knowledge of all features and functionalities
Knowledge of MS office, at google spreadsheet
Familiarity with FCRA compliance and understanding of donor audits will be an advantage
Essential Skills and Competencies
Methodical with a very high level of attention to detail & strong analytical and problem-solving skills
Effective written and verbal communication and excellent knowledge of English and Hindi languages
Very high level of commitment and integrity
Ability to work effectively both independently and as part of a team
Women & candidates from disadvantaged backgrounds are strongly encouraged to apply
How to Apply
Applications are on a rolling basis, till all positions are filled. Submit your CV and a brief work experience (in a cover letter) to saurabh@youthdreamersfoundation.org
CV (not more than 2 pages long)
Cover letter (relevant work experience brief)
Incomplete applications will not be entertained. Shortlisted candidates will receive further details over email/call
All Jobs posted by: Youth Dreamers Foundation