Dr. Reddy’s Foundation (DRF) is a not-for-profit organization dedicated to uplifting socially and economically vulnerable communities. Our focus areas include education, health, livelihood, and climate action. We are seeking a Finance Officer to join our team and support our mission through efficient financial management and operations support.
Key Responsibilities:
- Provide timely financial support to operations, including programs, administration, and program support.
- Maintain an accurate and error-free accounting system for DRF, ensuring compliance with GAAP and statutory requirements.
- Adhere to statutory compliance under Income Tax Act, GST, EPF, PT, and Gratuity Act.
- Prepare annual financial statements and donor utilization reports.
- Coordinate with internal audits, statutory audits, donor audits, and support in scrutiny under applicable laws for Trusts/Not-for-Profit Organizations.
- Ensure timely settlement of vendor and staff advances.
- Review project grant utilization monthly and ensure adequate fund balances.
- Coordinate and ensure timely fee collections.
Qulification: B.com /M.com ,CA/CMA
Major Deliverables:
- Timely release of payments to operations, vendors, service providers, and staff for travel and operational activities.
- Ensure all payments are supported by accurate documentation, approvals, and statutory deductions.
- Maintain trackers and timelines for timely receipt of vendor bills and staff claims.
- Collaborate with Program Leads to address deviations in policy adherence and streamline processes.
- Accurately maintain Books of Accounts as per GAAP and statutory requirements.
- Ensure the timely closure of monthly and annual accounts and passing of closure entries.
- Handle monthly deductions, collections, and payments for Income Tax, GST, EPF, and Professional Tax.
- Prepare and submit monthly fee collection reports.
- Ensure the smooth and timely completion of quarterly internal audits, annual statutory audits, and donor audits.
- Review and settle monthly rental, vendor, operational, and staff advances promptly.
- Prepare monthly grant utilization statements and Budget Vs Actuals reports, ensuring the availability of funds for project activities.
- Train staff on financial management systems.
- Ensure proper filing of vouchers and timely preparation of Bank Reconciliation Statements (BRS).
- Liaise with banks and maintain a strong relationship with bank officials.
