Senior Accounts Manager

Roles And Responsibilities Day-to-Day Operations

• Manage & oversee the daily operations of the Accounts department.
• Supervision of daily accounts transactions in Tally/ERP System

• Design effective budget models for departments and the entire school
• Analyze financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget
• Present annual budgets to senior managers and forecast future budget needs
• Identify variances between actual and budgeted financial results at the end of each reporting period (CAPEX & OPEX)
• Review and apply global best practices

• Keep track of accounts receivables and follow up with debtors as per monthly recovery targets
• Keep track of accounts payables and scheduling payments of creditors according to cash flow arrangements Fee Template Finalization and Updating
• New Student Invoicing (Admission - Staff / RTE / Regular)
• Regular Semester Invoicing
• Fee Collection and Reconciliation (Regular & External Students)

• Establish and execute internal controls over the school’s accounting and financial procedures.
• Meet financial objectives by forecasting requirements; informing management regarding the cash flow and making requisite arrangements for the timely availability of funds
• Ensure adequate cash flow to meet Bangalore International School Trust's needs
• Ensure an accurate and timely monthly, quarterly, and year-end close.
• Prepare financial statements, balance sheets, cash flow reports, budgets, budget-to-actuals, and financial projections. Present to the HOS and Board of Trustees, as well as the Audit/Finance Committee

• Ensure monthly compliance of statutory payments i.e. TDS, Income Tax, PF, ESI, PT, LWF, GST, and other statutory dues
• Ensuring appropriate internal controls with effective documentation and back-ups
• Solving queries of the statutory and taxation department through correspondence or personal visits
• Oversee the coordination and activities of external auditor/statutory auditor/internal auditors ensuring all audit issues are resolved, and all compliance issues are met.

• Purchase initiation and processing Purchase Order
• Vendor/Service Provider Selection and Onboarding
• Rate Analysis
• Sourcing and Procurement
• Stock Inward and Stock Management
• Inventory Accounting
• Stock Valuation and Audit

• Oversee/Manage all aspects of the payroll and attendance process
• Supervising personnel involved in payroll and ensuring the best financial practices are adhered to
• Auditing payroll transactions to ensure that payment dates, and statutory deductions are accurate and up to date
• Developing and proposing new compensation and benefits programs, policies, and procedures
• Ensuring Labor Compliance
• Oversee insurance plans for employees and health care coverage analysis.
• Handling employee concerns related to salary and other compliance

• Facilitating vendor selection and contract negotiation processes

1. Onboarding new vendors

• Coordinate all vendor management tasks inclusive working with external vendors and internal employees
• Updating, renewing, and canceling vendor contracts whenever needed
• Ensure tracking, measure, report, and evaluate vendor performance

• Participate in selection interviews to select the right candidates for the team
• Monitor activities of the team to ensure all SOPs are implemented correctly and work is executed as per schedule
• Train and counsel team members to ensure they perform efficiently
• Evaluate team performance
• Maintain a positive environment in the team and ensure that all team members bond well as a team
• Motivate team members and encourage them to learn new things

• To ensure accurate and timely capitalization of all assets
• Reconciliation of asset cost and amortization
• Managing AMC/insurance of school assets