Head of Accounts

Core Responsibilities: 1. Accounting & Financial Operations * Oversee end-to-end accounting operations of the Foundation including proper accounting records and supporting documentation for all financial transactions. * Ensure accurate daily accounting and bookkeeping in compliance with applicable accounting standards. * Manage monthly closing of books and bank reconciliations. * Coordinate quarterly limited review (statutory audits) and preparation of quarterly and annual financial statements. * Monitor and manage cash flow requirements and liquidity planning. * Manage banking transactions and fixed deposits. * Oversee payment processes including approval, processing, reconciliation, and vendor management. * Ensure timely processing of financial transactions with appropriate financial controls. * Handle opening and management of bank accounts required for the Foundation's operations. * Ensure proper coordination with banks. 2. Budgeting & Variance Analysis * Support annual budgeting and periodic forecasting processes. * Monitor budget utilization and conduct variance analysis against approved budgets. * Prepare periodic MIS reports and financial performance summaries for management review. * Prepare monthly finance dashboards. 3. Donor Reporting & Fund Utilisation * Track donor funds and utilization across projects. * Prepare donor utilization reports. * Ensure proper grant accounting and compliance with donor-specific requirements. * Coordinate with program teams for financial reporting related to grants and projects. 4. Audit & Regulatory Compliance * Manage statutory audits, internal audits, FCRA audits, and Internal Financial Controls (IFC) audits. * Coordinate with auditors and ensure timely closure of audit observations. * Ensure compliance with applicable provisions under: o Income Tax Act o FCRA regulations o Companies Act (where applicable) o CSR reporting requirements o Other applicable statutory and regulatory frameworks * Oversee annual filings related to Income Tax and FCRA. * Implement and maintain financial procedures. 5. Contracts & Documentation * Review MoUs against standard formats. * Maintain proper documentation and records management systems. 6. Liaison & Stakeholder Management * Liaise with the listed parent company for financial reporting (consolidation), governance, and compliance requirements. * Coordinate with bankers, auditors, regulatory authorities, and advisors. * Serve as the primary point of contact for financial and compliance matters. 7. Risk Management & Internal Controls * Identify and mitigate financial and compliance risks. * Strengthen internal financial controls. * Monitor cash flow stability.