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Sr. Executive (F&A)
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#733501
Remote / WFH
Lotus Petal Foundation
Job Description
Lotus Petal Foundation has over 13 years of grassroots-level expertise in handling challenges faced by underprivileged children and transforming their lives through education, nutrition and skill development & livelihood support. The Foundation focuses on the holistic development of the child thus preparing them to integrate into mainstream society, leaving a long-lasting impact on the lives of the students and their families.
General Description of Profile-
The Assistant Manager/ Sr. Executive – Finance & Accounts will be responsible for managing day-to-day accounting operations related to receivables and payables while ensuring compliance with statutory regulations and organizational financial policies. The role requires maintaining accurate financial records, supporting audits, monitoring grants and donations, and ensuring timely processing of collections and payments.
Activity list and Key Responsibilities :-
Account Payable:-
• Verify, process, and record vendor invoices in a timely manner.
• Ensure timely processing of vendor payments as per agreed payment terms.
• Maintain vendor ledgers and reconcile vendor accounts periodically.
• Ensure compliance with GST and TDS provisions while processing vendor bills and payments.
• Prepare TDS deductions, GST accounting, and coordinate statutory filings with the finance team.
• Maintain and update the Fixed Assets Register, including capitalization, depreciation, and asset tracking.
• Process statutory payments such as GST, TDS, PF, ESI, Professional Tax, and other applicable dues within prescribed timelines.
• Provide necessary documentation and schedules for internal, statutory, and donor audits.
• Account Receivable:
• Generate and manage student fee billing as per the approved fee structure.
• Monitor fee collections and follow up on outstanding dues.
• Record and reconcile fee receipts with bank statements.
• Maintain accurate accounting records for donations received.
• Track grants received from various funding agencies and ensure proper accounting.
• Prepare periodic donor utilization reports and financial statements as required.
• Perform receivable reconciliations to ensure accuracy of customer and student ledgers.
• Support internal and statutory audits by providing receivable-related records and reconciliations.
• Educational Qualifications & Requirements:-
• Bachelor’s degree in Commerce, Accounting, or Finance or equivalent
• 5-8 years of experience in accounts payable, accounts receivable, or related financial operations.
• Experience in the education, NGO, or development sector will be preferred. Proficiency in accounting software especially Tally Prime ERP and MS Office, especially Excel.
• Strong understanding of GST, TDS, and other relevant statutory compliance.
• Excellent attention to detail, organizational, and time-management skills.
• Strong communication and interpersonal skills for managing stakeholders
• Ability to work independently and as part of a team in a fast-paced environment
Competencies:-
• Accuracy and timeliness of invoice processing and payment/collection.
• Reduction in outstanding payments or overdue invoices.
• Compliance with statutory regulations and internal controls.
• Effectiveness in resolving queries and maintaining vendor/customer satisfaction.
• Timely submission of financial reports and reconciliations
Job Types: Full-time, Permanent
Pay: ₹35,000.00 - ₹70,000.00 per month
Benefits:
• Health insurance
• Provident Fund
Experience:
• total work: 5 years (Required)
Work Location: In person
General Description of Profile-
The Assistant Manager/ Sr. Executive – Finance & Accounts will be responsible for managing day-to-day accounting operations related to receivables and payables while ensuring compliance with statutory regulations and organizational financial policies. The role requires maintaining accurate financial records, supporting audits, monitoring grants and donations, and ensuring timely processing of collections and payments.
Activity list and Key Responsibilities :-
Account Payable:-
• Verify, process, and record vendor invoices in a timely manner.
• Ensure timely processing of vendor payments as per agreed payment terms.
• Maintain vendor ledgers and reconcile vendor accounts periodically.
• Ensure compliance with GST and TDS provisions while processing vendor bills and payments.
• Prepare TDS deductions, GST accounting, and coordinate statutory filings with the finance team.
• Maintain and update the Fixed Assets Register, including capitalization, depreciation, and asset tracking.
• Process statutory payments such as GST, TDS, PF, ESI, Professional Tax, and other applicable dues within prescribed timelines.
• Provide necessary documentation and schedules for internal, statutory, and donor audits.
• Account Receivable:
• Generate and manage student fee billing as per the approved fee structure.
• Monitor fee collections and follow up on outstanding dues.
• Record and reconcile fee receipts with bank statements.
• Maintain accurate accounting records for donations received.
• Track grants received from various funding agencies and ensure proper accounting.
• Prepare periodic donor utilization reports and financial statements as required.
• Perform receivable reconciliations to ensure accuracy of customer and student ledgers.
• Support internal and statutory audits by providing receivable-related records and reconciliations.
• Educational Qualifications & Requirements:-
• Bachelor’s degree in Commerce, Accounting, or Finance or equivalent
• 5-8 years of experience in accounts payable, accounts receivable, or related financial operations.
• Experience in the education, NGO, or development sector will be preferred. Proficiency in accounting software especially Tally Prime ERP and MS Office, especially Excel.
• Strong understanding of GST, TDS, and other relevant statutory compliance.
• Excellent attention to detail, organizational, and time-management skills.
• Strong communication and interpersonal skills for managing stakeholders
• Ability to work independently and as part of a team in a fast-paced environment
Competencies:-
• Accuracy and timeliness of invoice processing and payment/collection.
• Reduction in outstanding payments or overdue invoices.
• Compliance with statutory regulations and internal controls.
• Effectiveness in resolving queries and maintaining vendor/customer satisfaction.
• Timely submission of financial reports and reconciliations
Job Types: Full-time, Permanent
Pay: ₹35,000.00 - ₹70,000.00 per month
Benefits:
• Health insurance
• Provident Fund
Experience:
• total work: 5 years (Required)
Work Location: In person
