Manager - Finance and Accounts

The purpose of this role is to manage and organize school finance including accounting, records keeping, voucher processing, and financial management information and dashboards. The role is also expected to assist the management in establishing the annual budget planning, forecasting and financial control for development of resource plans and expansion as required.

Budget Planning and forecasting

· Assist the NYA school management in the development of financial plans, in alignment with the school’s strategic plan and the forecast availability of resources.

· Manage the school’s budget and forecasting software systems. Highlights any deviations and provide early warning signs.

· Support the Principal in providing budget and forecast reports for board members.

Submission of agreed budgets and forecasts in line with regulatory requirements and timetables.

Financial management, control and operations

Manage school accounting and financial record systems in a timely and accurate manner.

Maintain appropriate and effective systems and procedures for financial control, in line with regulatory and audit requirements and agreed policies.

Review and respond to any control weaknesses identified through audit or other procedures and checks.

Monitor income and expenditure operational systems and procedures, online payments in and out, cashless systems, cash procedures and banking.

Manage of all income and expenditure relating to school trips, including administration of student procedures and records, and booking travel, accommodation, activities etc.

Produce, obtain agreement to, and submit all financial reports and returns in line with agreed regulatory and internal timetables, including budgets, Accounts and Tax returns.

Internal management reports, including forecasts, cashflow reports, management accounts, bank reconciliations, benchmarking data, department budgets report etc.

Producing trial balance at year-end to facilitate audit and resolving audit queries (either directly or through others, e.g., HR team)

Revenue management and fee

Raise the fee (quarterly/ monthly) as per the prevailing fee structure for all students.

Reconcile the fee received and prepare an ageing report for outstanding invoices

Create provisions in line with accounting standards on outstanding fee and highlight to the management in a timely manner

Identify and address areas of revenue leakage and highlight to NYA management.

Payroll administration

· Management of payroll service to ensure that all staff are paid on time and in line with HR records.

· Submission of accurate records and returns for staff Payroll and compliance.

Resolution of Payroll and taxation related queries.

Key Attributes – Finance & Accounts Manager (International School)1. Financial Expertise

• Strong knowledge of school fee structures, fee collection cycles, and payment plans.
• Proficiency in budget preparation, forecasting, and variance analysis.
• Ability to manage accounts receivable/payable, payroll, and vendor payments accurately.

2. Compliance & Regulatory Knowledge

• Familiarity with Indian taxation laws (GST, TDS, PF, ESI) and their applicability to educational institutions.
• Understanding of statutory audits and preparation of financial statements in line with regulations.
• Compliance with educational board guidelines and local government requirements.

3. Systems & Technology

• Expertise in ERP/School Management Software for fee tracking and reporting.
• Strong skills in Excel, accounting software (Tally, QuickBooks, Zoho Books), and MIS reporting.

4. Attention to Detail

• Accuracy in reconciling bank statements, receipts, and expense vouchers.
• Vigilance in identifying fee defaulters and ensuring timely follow-ups.

5. Strategic Planning & Cost Control

• Ability to control operational costs without compromising school quality.
• Advising management on financial planning for expansion, infrastructure, and events.

6. Communication & Coordination

• Clear communication with parents on fee-related matters in a professional and empathetic manner.
• Liaising with banks, auditors, vendors, and internal departments.
• Ability to explain financial data clearly to non-finance stakeholders (Principals, Heads of Departments).

7. Integrity & Confidentiality

• Upholding ethical standards in handling funds and sensitive data.
• Maintaining confidentiality in salary structures, vendor agreements, and management discussions.

8. Leadership & Team Management

• Supervising accounts staff, delegating work, and ensuring timely deliverables.
• Training junior staff on school financial procedures and compliance norms

Mandatory

• Bachelor’s Degree in Commerce / Finance / Accounting
• Examples: B.Com, BBA (Finance), BMS with accounting specialization.

Preferred / Advantageous

• Master’s Degree in Finance, Accounting, or Business Administration
• Examples: M.Com, MBA (Finance).

Additional Skills / Training

• Certification in Accounting Software (e.g., Tally ERP, QuickBooks, Zoho Books).
• Proficiency in Excel & Financial Modelling.
• Knowledge of School ERP / MIS systems.

Job Type: Full-time

Pay: ₹35,000.00 - ₹75,000.00 per month

Benefits:

• Health insurance
• Provident Fund

Work Location: In person

Application Deadline: 20/08/2025