Job Description

Position : Deputy Manager – Finance and Accounts

Experience : 8+ Years

Location : Warangal

Salary : Up to Rs 45000/-

About the Organization:

Bala Vikasa is a reputed ISO-Certified professional community development organization based in Warangal with Offices in Kazipet, Hyderabad and Vijayawada working in the states of Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra and Chhattisgarh. Bala Vikasa is known for its innovative, high-impact, Community Driven Development (CDD) approaches in impacting over 5 Million rural poor beneficiaries over the past three decades. It has been instrumental in developing sustainable community driven development models in over 6000 villages, having over 300 employees, both in Telangana and Andhra Pradesh. Over the last 2 decades through its People Development Training Center, Bala Vikasa trained over 13,500 development professionals from 80 countries in ‘Community Driven Development’. Through the Bala Vikasa International Center (BVIC), Bala Vikasa has incubated 24 social startups and 125 rural women entrepreneurs. For more information visit our website: www.balavikasa.org

Roles & Responsibilities:

• Assist in maintaining all accounts of the organization in a transparent, effective, and accountable manner.

• Ensure adherence to Bala Vikasa Finance Management policy and organization's standard operating procedures (SOP).

• Oversee daily financial transactions and verify cash balance jointly with the cash handling person and Update cash statements in respective ledgers.

• Collaborate with Program Officers for monthly budget plan reviews and report to the Director.

• Participate in the preparation and presentation of monthly financial statements with analysis to the Treasurer and Executive Director.

• Assist in preparing for the annual audit of the organization and program audits as required.

• Obtain authentic bills, vouchers, and audit reports from program partner organizations.

• Safeguard all financial documents, including hard and soft copies.

• Prepare income tax audits, annual budgets, and maintain BV files.

• Ensure compliance with tax regulations and oversee the preparation and filing of tax returns, including income tax, GST, and other applicable taxes.

• Assist in the preparation and processing of the monthly payroll for employees.

• Manage and update files related to PF, insurance, and other employee benefits.

• Maintain Memorandum of Understanding (MOU) for all projects.

• Facilitate communication with donors regarding financial matters.

• Prepare acknowledgement letters for received and disbursed funds as needed.

• Conduct donor audits as per MOU requirements.

• Implement an effective budget plan as per MOU and make fixed deposits accordingly.

• Maintain a comprehensive database of funding agencies with complete information.

• Ensure all purchases align with the organization's procurement policies.

• Coordinate with the procurement team and obtain approval from the Executive Director for procurement decisions.

• Verify quotations from suppliers and vendors for reliability.

• Stay updated with accounting standards, tax regulations, and other financial requirements to ensure the organization's compliance.

• Any other task as assigned by the Manager from time to time as per the organization needs.

Candidate Profile – Qualifications, Skills and Competencies Required:

The ideal candidate should possess:

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field, A Master's degree in Finance or Accounting is preferred.

• 8+ years of relevant work experience in finance and accounting roles, with at least 2-3 years in a supervisory or managerial position.

• Strong understanding of accounting principles, financial reporting, and budgeting.

• Proficiency in financial analysis and interpretation of financial data for decision-making.

• Familiarity with financial compliance regulations, tax laws, and auditing practices.

• Strong hand on Tally

• Proficiency in using Microsoft Excel, Word, and other Office applications for financial reporting and analysis.

• Demonstrated ability in budgeting, financial forecasting, and variance analysis.

• Excellent verbal and written communication skills for effectively interacting with internal teams, donors, and external stakeholders.

*Interested candidates should send their updated CV to Sravan@balavikasa.org

*Candidates that apply should have adequate knowledge and experience in the above specified areas.

* Candidates that apply should be willing to relocate to Warangal (Head Office).

About Company

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