Finance Manager

Role & responsibilities

Financial Planning & Budgeting

• Prepare annual and long-term school budgets
  
• Forecast income and expenditure (fees, salaries, maintenance, projects)
  
• Monitor budget utilization and control costs
  
• Support management in financial decision-making
  

Fee Management & Revenue Control

• Oversee student fee structure, billing, and collection
  
• Track outstanding dues and manage follow-ups
  
• Ensure accurate fee concessions, scholarships, and refunds
  
• Coordinate with admissions and accounts teams
  

Accounting & Bookkeeping

• Maintain accurate books of accounts
  
• Oversee daily accounting entries and reconciliations
  
• Manage general ledger, journals, and trial balances
  
• Ensure timely month-end and year-end closures
  

Payroll & Salary Administration

• Manage staff payroll, incentives, and reimbursements
  
• Ensure timely salary payments and statutory deductions
  
• Maintain employee compensation records
  
• Coordinate with HR on increments, contracts, and exits
  

Statutory Compliance & Taxation

• Ensure compliance with tax laws (Income Tax, GST, PF, ESI, etc.)
  
• Prepare and file statutory returns on time
  
• Coordinate with auditors, tax consultants, and authorities
  
• Maintain statutory registers and documentation
  

Financial Controls & Audits

• Establish internal financial control systems
  
• Ensure compliance with financial policies and SOPs
  
• Prepare for internal and external audits
  
• Address audit observations and implement corrective actions
  

Procurement & Vendor Payments

• Oversee procurement budgets and approvals
  
• Ensure timely vendor payments and contract compliance
  
• Verify invoices and approve payments as per policy
  
• Monitor vendor cost efficiency
  

Reporting & MIS

• Prepare financial reports for management and trustees
  
• Provide cash flow statements, balance sheets, and P&L reports
  
• Analyze financial data to identify risks and opportunities
  
• Support management reviews and board meetings
  

Asset & Inventory Management

• Maintain asset registers and depreciation records
  
• Monitor inventory usage and controls
  
• Ensure insurance coverage for school assets
  

Risk Management & Governance

• Identify financial risks and propose mitigation measures
  
• Ensure financial transparency and ethical practices
  
• Support compliance with education board and regulatory requirements

Preferred candidate profile