Associate, Accounts Payable

Teach For India; Mumbai; On-site; INR 550,000 - 750,000; Full time

Benefits offered by this job

Medical insurance

Maternity coverage for both parents

Job summary

Teach For India is seeking a Finance Associate in Mumbai to manage accounts payable, payroll support, and statutory compliances within NetSuite. You will ensure timely vendor payments, accurate entries, and reconciliation of payable accounts for a large NGO network.

The role requires a B.Com with 2+ years in accounts payable and payroll, with strong knowledge of TDS, PF, Professional Tax, and NGO taxation. Attention to detail and confidentiality are essential in this environment.

Qualifications

• B.Com with 2+ years of experience in accounts payable and payroll.
• Strong accounting knowledge including journal entries, ledgers and reconciliations.
• Working knowledge of TDS, PF, and Professional Tax.
• Ability to handle a large volume of transactions and data accurately and within timelines.
• Keeps up to date with changes in TDS, and payroll laws and applies them in day-to-day work.
• Good analytical skills to review data, identify errors and explain variances.
• Attention to detail and confidentiality with financial and salary data.
• Knowledge of FCRA and Taxation in NGO’s is an added advantage.
• Preferably has worked with voluminous data in vouching and verification.

Responsibilities

• Primary responsibilities include but are not limited to:
• 1. Accounts Payable: Receive and validate vendor invoices for accuracy, supporting documents, adherence to organisation policy. Process vendor payments on time as per payment cycles
• Identify the applicable TDS section and rate for each payment, deduct TDS correctly and track lower- deduction certificates.
• Pass accounting entries in NetSuite with correct ledger, cost centre and grant coding.
• Reconcile vendor ledgers and payable accounts every month, clear old balances and maintain accurate books for financial reporting.
• To support Payroll where required
• 2. Compliance & Reconciliation: Calculate & Deposit statutory dues and file TDS returns (24Q/26Q) by due dates.
• Prepare monthly bank and inter-branch reconciliations.
• Support audits with AP and payroll schedules.

Skills

Accounts Payable

Payroll processing

TDS knowledge

Analytical skills

Attention to detail

FCRA knowledge

NGO taxation knowledge

Education

B.Com

Tools

NetSuite

Job description

Teach For India is on a journey to reach an India free of poverty and filled with love by ending educational inequity in our country. Fifteen years into our journey we are a movement of ~5000+ Alumni working at all levels of the education system, who are reaching 1 in 10 children across the country. These Alumni have graduated from our two-year Fellowship Program where they taught in under-resourced classrooms to put ~33,500 low-income children on a different life path. Today, we have ~1000 Fellows and are the largest pipeline of driven, skilled talent into the educational ecosystem in India.Over 16,000 Teach For India students have appeared for the 10th grade board examinations till date, with an impressive 95% pass rate across cities as of November 2024.

In 2022, we embarked on Phase 4, our fourth strategic phase. We have a bold and ambitious ten-year journey ahead of us that aims to grow 50,000 leaders, who will work collectively, and with love, to transform the lives of 1 in 10 low-income children in our regions, through an education that unleashes the potential of self, others and India. In this decade, five key priorities will lead us to this vision.

• Strengthen our core Fellowship to build strong teacher leaders who provide an excellent and equitable education to our children and continue to do so beyond the Fellowship
• Scale our impact by strategically introducing additional Fellowships as alternative pathways for leadership development
• Match the Alumni of our programs at an intersection of their interests and the needs of the system and our children
• Advocate for key issues that impact educational equity, and engage 3.5% of the population in the movement for educational equity
• Act collectively with our Alumni to learn about and address key issues in our regions.

Our work will only be completed when we have built a movement of leaders that is large enough to ensure that every child in India attains an excellent education.

We pride ourselves as being a passionate, idealistic, mission-driven team of individuals. We’re committed to learning and excellence in our roles, and to being deeply rooted in our core values.

What Teach For India Can Offer You

• The opportunity to be part of one of the most established and visionary movements in the education sector in India which is at a pivotal point in terms of expanding its scale and outreach across the nation and working with changemakers across the country.
• A challenging yet flexible workplace in which every individual employee’s Staff journey is tracked for excellence and leadership development.
• A work environment in which employees’ holistic well-being is a core priority, enabling people to be their best selves.
• Access to connections and resources from the global Teach For All network that includes partner organizations spanning 50+ countries across 6 continents.
• Remuneration that is competitive within the top quartile of the Indian NGO pay scales, and a benefits package that includes extensive medical insurance and maternity coverage for both parents.

Position Summary

Reporting to: Manager, Finance

The Finance Associate will perform accounting function like manage vendor payments accurately and timely , ensure statutory compliance and keep payable and payroll accounts reconciliation in NetSuite.

Responsibilities

Primary responsibilities include but are not limited to:

1. Accounts Payable

• Receive and validate vendor invoices for accuracy, supporting documents, adherence to organisation policy. Process vendor payments on time as per payment cycles
• Identify the applicable TDS section and rate for each payment, deduct TDS correctly and track lower- deduction certificates..
• Pass accounting entries in NetSuite with correct ledger, cost centre and grant coding.
• Reconcile vendor ledgers and payable accounts every month, clear old balances and maintain accurate books for financial reporting.
• To support Payroll where required

2. Compliance & Reconciliation

• Calculate & Deposit statutory dues and file TDS returns (24Q/26Q) by due dates.
• Prepare monthly bank and inter-branch reconciliations.
• Support audits with AP and payroll schedules.

Minimum Qualifications, Experiences and Expectations

• B.Com with 2+ years of experience in accounts payable and payroll.
• Strong accounting knowledge, including journal entries, ledgers and reconciliations.
• Working knowledge of TDS, PF, and Professional Tax.
• Ability to handle a large volume of transactions and data accurately and within timelines.
• Keeps up to date with changes in TDS, and payroll laws and applies them in day-to-day work.
• Good analytical skills to review data, identify errors and explain variances.
• Attention to detail and confidentiality with financial and salary data.
• Knowledge of FCRA and Taxation in NGO’s is an added advantage.
• Preferably has worked with voluminous data in vouching and verification.

Note: We want to hear your unique voice and perspectives through the process, hence all applicants are expected to personally author statements of purpose/essays in the application form. Sole use of AI or Chat-GPT based tools may lead to disqualification from the process.