Accounts Associate

iTeach Schools; Navi Mumbai; On-site; INR 336,000 - 420,000; Full time

Benefits offered by this job

Medical insurance (up to 3 lakh)

PF and gratuity

Annual increments

Job summary

iTeach Schools in Navi Mumbai invites applications for an Accounts Associate who will manage accounts payable/receivable, payroll, and statutory dues while supporting audits and financial closings. The role involves using Tally and MS Excel to maintain precise records in a growing education NGO.

Requirements include a Bachelor’s degree in Commerce and at least two years of experience in Accounts and Finance, with proficiency in accounting software (preferably Tally).

Qualifications

• Bachelor’s degree in Commerce with strong accounting foundation.
• At least two years of professional experience in Accounts and Finance.
• Proficiency in accounting software, preferably Tally, and advanced MS Excel.

Responsibilities

• Manage accounts payable and receivable, receipts, and bank reconciliations.
• Oversee monthly, quarterly, and annual financial closings.
• Review and update financial vouchers for schools and central office.
• Ensure timely bank payments and reimbursements.
• Handle payroll management and document donations for compliance.
• Support audit activities and audit schedules as needed.

Skills

Advanced MS Excel

Tally

Accounting software

Education

Bachelor’s degree in Commerce

Tools

Tally

Job description

The quality of school education available to students from low-income communities across India is abysmal. Their chances of attending college, or building a career are significantly lower than their high-income peers, condemning them to a life without voice or choice. iTeach was born in 2015 to challenge this status quo and create a level playing field for ALL children.

We run free and high-impact schools and an exceptional college-to-career program for the most disadvantaged students in Pune and Navi Mumbai. We are known for our world-class professional development, our result-oriented team culture, and our student-centric school design. Read more about us at www.iTeachSchools.org.

Responsibilities

The Accounts Associate will work directly with the Accounts Manager. Given that iTeach Schools is expanding into other geographies, we are looking for people eager to execute the most effective systems and processes, combining researched best practices with their contextual innovation. The Accounts Associate will work with internal and external stakeholders of the organisation.

Account Management

Handle all accounting transactions such as accounts payable, accounts receivable, receipts, bank reconciliations, etc.

Oversee monthly, quarterly, and annual financial closings.

Review and update financial vouchers for schools and the central office.

Ensure prompt and accurate bank payments through cheques and online transactions.

Manage reimbursements for the org.

Utilize software like Tally to maintain meticulous finance records.

Compute and manage statutory dues such as PF, PT, and TDS; ensure timely payments and follow-ups.

Conduct payroll management for employees and staff personnel.

Document donations, ensuring data accuracy and compliance.

Regularly audit school finances through on-site visits, including petty cash and billing.

Audit Assistance

Compile and organise financial records and transactions for audit purposes.

Prepare audit schedules, working papers, and necessary documentation.

Respond efficiently to auditor inquiries and provide required information or clarifications.

Operations Support

Assist the Operations team with various organizational events.

Coordinate tasks with banks, vendors, and other external partners through regular visits.

Prerequisites

Required: Bachelor’s degree in Commerce or a related field, with a strong foundation in accounts, taxation, and financial compliance.

Required: At least two years of professional experience in Accounts and Finance.

Required: Proficiency in accounting software, preferably Tally, and advanced MS Excel skills.

Preferred: Familiarity with Income Tax (TDS) regulations and labour laws (PF, PT, ESIC).

Compensation and Benefits:

We take pride in offering competitive compensation and benefits commensurate with the candidate's education and work experience. The salary range for this position ranges from 3.36 LPA - 4.2 LPA (CTC), and we are dedicated to providing top-notch industry benefits. These benefits include PF, gratuity, medical insurance (up to 3 lakh PA), paid leaves, annual increments, and promotion opportunities.