About Company
An integrated financial solution for the education sector, offering a comprehensive array of financial services. Our Company delivers a complete suite of solutions designed specifically for educational institutions, addressing challenges related to fee collection and alleviating parents' liquidity concerns.
The Company, which was originally centered on P2P lending, has reoriented its efforts towards the education sector, providing a comprehensive platform for parents to make school and college fee payments.
Committed to making quality education universally accessible, the Company offers ERP solutions that have been implemented across more than 350 institutions. In addition, the Company has developed a groundbreaking product aimed at incentivizing responsible behavior and fostering cashless campus environments.
The Company, established in 2017 and headquartered in Mumbai, is a Series B funded Edu-FinTech venture that has experienced considerable growth. It now collaborates with over 13,000 educational institutions across India and has a workforce of about 200 employees.
Job Description
Responsibilities of the Position include but are not limited to:
Accounts and Finance
- Ensuring maintenance of financial records in compliance with applicable laws.
- Timely monthly closure of books of accounts and preparation of Standalone Financial Statements
- Timely Revenue recognition and billing.
- Timely Vendor Payments
- Oversight of Payroll Processing
- Maintaining vendor relationships
Automation and Transformation
- Driving and closing audits such as Statutory, Internal, Transfer Pricing & Tax Audit) and responding appropriately to auditor requests.
- Developing, documenting, and continuously improving accounting and business policies and internal control procedures in line with industry best practices
- Sound Treasury Management
MIS and Reporting
- Analyzing monthly financial performance and effectively reporting information to the Management
- Developing annual budgets with the Management
- Effectively managing expenses within agreed budgets.
- Monitoring Business Performance against agreed plans, targets / budget, identify and take timely and appropriate action to address issues
- Developing monthly forecasting and other MIS and reporting it to the Management.
Compliance and Risk
- Ensuring compliance to applicable laws and regulations including but not limited to :-
- Ensuring GST Compliances and Filing
- Ensuring payroll Compliances including but not limited to PF, PT, Bonus etc.
- Ensuring Tax Compliances and Overseeing Tax assessments
- Ensuring secretarial Compliances and handling Board, shareholder and investor Matters
- Ensuring RBI Compliances
- Dealing with Regulators such as RBI, ROC for inspections, audits etc.
Investor Management
- Dealing with investors for reporting and potential investors for due diligence
- Liaise with bankers to develop relationship, identify funding requirements, raising working capital, Capex/Opex and appropriate funding options, ensure documentation requirements for banking.
Legal
- With the help of external consultants
- Drafting, Vetting, Reviewing, Negotiating and closing Agreements, Contracts, MOUs with external parties
- Dealing on specific matters including litigations
Strategy and Risk Management
- Advising Founders on strategic decisions, its financial impact, legal implications and associated risks
- Identifying risks associated with business operations and proposing strategies to mitigate those risks and Implementing risk management policies and procedures.
- Instituting Business Continuity Plan
Key Attributes of a successful applicant:
- Chartered Accountant with 7-10 years of relevant experience
- Strong People Management skills
- Effective Communication skills
- Champion of various processes within Finance
- Experience of working with Start-ups
- Fintech experience desirable
