Accounts Associate

Overview

The quality of school education available to students from low-income communities across India is abysmal. Their chances of getting admitted to a college or building a career are much lower than their high-income peers, condemning them to a life without voice or choice. iTeach was born to declare war on this status quo and create a level playing field for ALL children. We do this in Pune and Navi Mumbai by co-creating contextual school models with Municipal Corporations.

We run 12 free and high-impact secondary schools and a college-to-career program for the most disadvantaged students. In 2024, with a staff of 300 members across 12 schools, we will serve 4500 students and 3000 alumni - giving students a fighting chance at college, career, and citizenship. We aim to grow to 30 schools and 10,000 students over the next five years. 

Take a peek into our world by clicking here.

Responsibilities

The Accounts Associate will work directly with the Finance Manager. Given that iTeach Schools is nine years old and expanding into other geographies, we are looking for people eager to execute the most effective systems and processes, combining researched best practices with their contextual innovation. The Accounts Associate will work with internal and external stakeholders of the organisation. 

 Account Management

• Handle all accounting transactions such as accounts payable, accounts receivable, receipts, bank reconciliations, etc.
• Oversee monthly, quarterly, and annual financial closings.
• Review and update financial vouchers for schools and the central office.
• Ensure prompt and accurate bank payments through cheques and online transactions.
• Manage reimbursements for the org and petty cash for the central office.
• Utilize software like Tally to maintain meticulous finance records.
• Compute and manage statutory dues such as PF, PT, and TDS; ensure timely payments and follow-ups.
• Conduct payroll management for employees and staff personnel.
• Document donations, ensuring data accuracy and compliance.
• Regularly audit school finances through on-site visits, including petty cash and billing.

Audit Assistance

• Compile and organise financial records and transactions for audit purposes.
• Prepare audit schedules, working papers, and necessary documentation.
• Respond efficiently to auditor inquiries and provide required information or clarifications.

Operations Support

• Assist the Operations team with various organizational events.
• Coordinate tasks with banks, vendors, and other external partners through regular visits.

Prerequisites

• Required: Bachelor’s degree in Commerce or a related field, with a strong foundation in accounts, taxation, and financial compliance.
• Required: At least two years of professional experience in Accounts and Finance.
• Required: Proficiency in accounting software, preferably Tally, and advanced MS Excel skills.
• Preferred: Familiarity with Income Tax (TDS) regulations and labour laws (PF, PT, ESIC).

Compensation and Benefits: We take pride in offering competitive compensation and benefits commensurate with the candidate's education and work experience. The salary range for this position ranges from 3.6 - 4 LPA CTC, and we are dedicated to providing top-notch industry benefits. These benefits include PF, gratuity, medical insurance (up to 3 lakh PA), paid leaves, annual increments, and promotion opportunities.