Finance Compliance - Associate Lead
Finance Compliance - Associate Lead
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Job Description
Role: Finance & Compliance Associate Lead Delhi
Experience: 35 years of finance and compliance experience in any industry (added advantage for experience in development / NGO sector)
Salary: 89 LPA
About Labhya
Labhya is an Indiabased nonprofit that enables children from vulnerable backgrounds with the necessary skills to cope with poverty & become effective learners through SocialEmotional Learning (SEL). Labhya is a globally recognised nonprofit supported by organisations like Harvard University Nudge DRK Foundation The Commonwealth UNICEF and UNDP among other organisations.
Labhya is a dynamic and agile organisation that partners with Indian State Governments to cocreate and ensure the implementation of SEL programs at scale. We are one of Indias fastestgrowing nonprofits dedicated to cocreate programs that will impact 30 Million vulnerable children by 2030.
Currently Labhya has partnered with the Governments of Delhi Uttarakhand Tripura to cocreate and ensure the implementation of programs that impact 2.4 Million children across 22000 government schools in India daily. These socialemotional learning programs are the worlds largest and Indias first atscale wellbeing programs.
Role Expectations and Qualifications & Skills / Experience / Characteristics *All the belowmentioned tasks would be key to your role. The following requirements are not mentioned in order of priority.
1. Budgeting and Expense Allocation:
Develop and manage budgets ensuring allocation of expenses aligns with projectspecific donor requirements.
Prepare and submit quarterly and annual reports for Corporate Social Responsibility (CSR) and Foreign Contribution Regulation Act (FCRA) to donor partners.
2. Fund Management and Donor Relations:
Track fund flows to ensure the receipt of funds according to signed commitments. Maintain effective working relationships with donor financial representatives or points of contact.
3. Contract and Agreement Oversight:
Draft review and manage vendor contracts grant agreements and Memoranda of Understanding (MoUs).
4. Audit and Compliance:
Facilitate smooth completion of annual audits and periodic audit visits.
Ensure timely filings with the Registrar of Companies (ROC) Income Tax FCRA and any other emerging regulatory requirements.
Maintain updated knowledge of relevant compliance requirements including RoC FCRA CSR Act and any new regulations affecting nonprofit operations.
5. Financial Policies and Internal Controls:
Develop Standard Operating Procedures (SOPs) and internal financial controls for efficient finance operations.
Draft update and amend finance policies as necessary to ensure better and effective operational standards.
6. Support for Fundraising Initiatives:
Assist the fundraising team in preparing grant applications and other financial documentation for potential donors.
7. Financial Reporting and Analysis:
Develop interactive financial dashboards for easy access to compliance and financial health information.
Analyse financial data to assess trends and provide toplevel management with strategic recommendations to support organisational stability and growth.
8. Payroll and Staff Compliance:
Oversee payroll processing leave tracking reimbursements and related compliance activities including TDS ESI EPF Professional Tax and Shop & Establishment requirements.
9. Vendor Payments and SOP Management:
Establish a robust SOP to maintain a healthy payment cycle with vendors ensuring timely processing and documentation.
10. Board and Governance Support:
Coordinate board meetings ensure timely recording of meeting minutes and facilitate compliancerelated actions.
11. Banking and Financial Operations Management:
Oversee banking operations to support smooth transaction processing and financial integrity.
Qualifications & Skills / Experience / Characteristics
- Bachelors degree / strong experience with specialisation in finance & accounting. Excellent written and oral communication skills in English.
- Organisational and time management skills.
- Highly motivated persevering achievementoriented attitude.
- Proficient in Microsoft Office (Excel Word PowerPoint) & Google Tools (Sheets Docs Slides).
- Strong interpersonal planning skills and data management skills.
- Understanding of accounting software such as ZohoBooks.
Current Team
Our team consists of a diverse group of professionals educators SEL experts and entrepreneurs from renowned institutions such as Harvard University Massachusetts Institute of Technology (MIT) Azim Premji University Delhi University Ernst & Young and KPMG.
At Labhya we cultivate an environment for learning growth and excellence and teamwork and collaboration are nonnegotiable. If youre passionate about building a movement that will enable millions of children to become healthy lifelong learners through systemslevel change this is the place for you. Change the world by working alongside inspiring leaders.
We are looking for proximate leaders to build with us! Join the global movement!
Further Labhyas values are:
- An agile and supportive team that is driven by a problemsolving attitude Focusing on the wellbeing of children and trusting their potential
- Working processes that enable efficiency constant growth and innovation SEL Programs that are driven by proximity and expertise
- Creating systemic and sustainable change in public education systems through partnership
Hiring Note: Applications will be reviewed on rolling basis. This job is first posted on Oct 25 2024 on GroundZeroJobs.com
For any questions ping us on WhatsApp chat:
Ground Zero is a nonprofit hiring agency currently hiring for 60 nonprofits in India and APAC region. We only accept applications through GroundZeroJobs.org
Remote Work :
No
Employment Type
Full Time
